EUR/USD 1.17066
0.053%
Gold 3355.01
0.477%
Oil 62.048
-0.353%
USD/JPY 147.428
0.133%
GBP/USD 1.35613
0.049%
GBP/JPY 199.937
0.181%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Futures News, August 18th. Economies.com analysts latest outlook: Spot gold rallied in the previous trading day, having successfully held the key support level of $3,225, mentioned in previous reports. Supported by a positive signal from the Relative Strength Index (RSI) after reaching oversold territory, gold prices gained significant upward momentum, turning a decline into a gain intraday. Despite the intraday rebound, the precious metal remains within a short-term bearish corrective channel. Continued negative pressure from the price stabilizing below the EMA50 presents technical resistance for any potential upside. Therefore, a break below $3,360 in subsequent trading sessions is expected to target the $3,225 target. However, a bullish rebound remains possible, potentially leading to a retest of this resistance level. The expected trading range lies between the $3,300 support level and the $3,360 resistance level.Futures News, August 18th. Economies.com analysts latest analysis: WTI crude oil futures fell in the previous trading session, approaching the key support level of $62.00. A short-term bearish trend prevails, with prices trading at resistance along a falling trendline. This decline suggests continued selling pressure and an attempt to exert further pressure. The prices stabilization below the 50-day moving average further weakens bullish momentum and increases the likelihood of a further decline. A negative signal on the relative strength index (RSI) supports this trend, paving the way for a break below the $62.00 support level and further declines. Therefore, WTI crude oil futures are expected to continue their decline in the coming trading sessions, especially after breaking below the $62.00 support level. The initial downside target is the $60.90 support level. The expected trading range is between the $60.90 support level and the $63.30 resistance level.The yield on 30-year Japanese government bonds rose 2.0 basis points to 3.115%.Japans tertiary industry activity index rose by 0.5% month-on-month in June, in line with expectations of 0.20% and the previous reading of 0.60%.Jefferies: Lowered its price target on Murphy Oil (MUR.N) from $24 to $23.

Bitcoin Maintains a Positive Short-term Outlook

Cory Russell

Feb 24, 2023 15:02

微信截图_20230224105816.png

Industry Snapshot

On Wednesday, Bitcoin ended below $24K for the first price in eight days. But on Thursday morning, investors took control once more, driving the currency up to $24.4K. In response to declining market benchmarks, Bitcoin experienced pressure on Tuesday and Wednesday. The slide came to a halt last night, which enabled the cryptocurrency market to recoup some of its loses and return to $1.11 trillion in total capitalization.


The monthly link between bitcoin and the S&P 500 has, interestingly, dropped to its lowest point since 2021, according to Bloomberg. And it was clear how long cryptocurrencies had disregarded the fall in equity prices.


Our opinion is that these markets continue to be linked and that they only "hear" each other's whispers when they become clear and persistent. Less obvious patterns are viewed as noise that has been sorted out.


The most recent downward momentum was halted at 61.8% of the upward momentum from last week's lows, suggesting that there is still space for further gains in the short-term momentum of bitcoin. Without the stock benchmarks' significant downward trend, bitcoin still has a chance to challenge the 25,000 level before the week is over. It might get there if it makes such persistent efforts to ascend higher.

Historical Events

The Department of Financial Services (NYDFS), New York's financial supervisor, has declared an upgrade to its tools for keeping an eye on illicit coin activity among its controlled companies, and as a result, it is ramping up its supervision of the crypto market.


On February 28, the Shanghai-Capella (Shapella) upgrade will be released to the Sepolia test network by the Ethereum team. This upgrade will be released after The Merge and will permit validators to take money out of blocks. The hardfork will first be tried on the Goerli network after Sepolia and then deployed on Mainnet (possibly in March).


A collaboration between the Binance exchange and credit card provider Ingenico will enable stores in France to begin taking cryptocurrency purchases. Later, the initiative will be expanded to include Italy, Lithuania, Spain, Cyprus, Poland, and Sweden, as well as other European nations where Binance holds operating licenses.


Suggestion