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Bitcoin failed to breach Fibonacci 161.8 resistance
Bitcoin’s test of Fibonacci 161.8 resistance ended in failure last week and the price is below $23,500 currently. Bitcoin reflected off the Fibonacci 161.8 resistance and remains in consolidation mode halfway between the Fibonacci 161.8 and Fibonacci...
Inflation! The main Market driver!
Last week most markets closed lower, and US 10-year bond Yields rose towards 4%, while this week, eyes will be on EU inflation numbers. Last Friday, the January US core PCE price index recorded 4.7% year-on-year, above the 4.3% market estimate a...
Asian stocks sink, European rise.
Other than Nikkei-225, Asian stock markets fell on Friday as Thursday's US economic data increased the market uncertainty. Simultaneously, the Nikkei-225 rallied in Japan; the next BoJ governor vowed to maintain the ultra-dovish policies. Kazuo Ueda...
Fed minutes kept the DXY above.
The upside risk of inflation is clearly seen in last night's published minutes. FOMC members are seeking another 50-bps rate hike in the next meeting, and strong economic and Job data give the Fed more headroom to keep raising interest rates. These c...
Yen and the New Governor!
Soon Bank of Japan will be led by someone else. The Japanese Government's nomination of Kazuo Ueda for the post of BOJ Governo will replace Governor Kuruda in April. Now, the market focuses on how Ueda will steer monetary policy. Most economists beli...
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