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The BTC/USD fell sharply from 12,416 level to the support level of 11,669. The support level is extended by an upward trendline on the 4-hour timeframe, but the MACD has crossed below 0, suggesting odds of bearish trend continuation. Checkout bitcoin analysis video to learn more about potential trade setup.
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US Crude Oil eases from five-month highs as weaker US consumer confidence raises demand concerns, US producers shut 84% of Gulf’s offshore output Having settled at a five-month high on Tuesday, futures on US West Texas Intermediate Crude Oil eased on Wednesday as disappointing US consumer confidence data added to demand concerns, limiting price gains.Both WTI Crude and Brent Oil […]
Natural gas trading outlook: futures steady near six-month low Natural gas futures were little changed during early trade in Europe today. Last week saw a massive weekly build for natgas inventories, and another sizable injection is expected in this weeks log as well.Natural gas futures for September […]
Forex Market: GBP/USD rebounds from an 11-week low, dollar takes a breather ahead of Fed Minutes GBP/USD extended a rebound from 11-week lows on Monday, as the US Dollar paused recent rally, while Britain was approaching the end of major COVID-19 lockdown restrictions.Health Secretary Sajid Javid has said that there was no reason […]
Forex Market: EUR/CAD daily forecast During yesterday’s trading session EUR/CAD traded within the range of 1.4635-1.4680 and closed at 1.4640, losing 0.19% on a daily basis.At 6:58 GMT today EUR/CAD was gaining 0.06% for the day to trade at 1.4649. The pair touched a daily […]
Gold retreats following positive U.S. data Gold erased prior daily gains during early American trading on Wednesday as upbeat U.S. data strengthened the dollar, pressuring dollar-denominated commodities.On the Comex division of the New York Mercantile Exchange, gold futures for […]
CalPERS to reduce expected investment return rate to 7% in three years time On December 21st the California Public Employees Retirement System board came to an agreement to reduce the pension plans expected rate of return to 7% by the year 2020, as the public pension fund fell short of its 7.5% objective during […]