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Ruble slumps past 70 vs. the dollar for the first time since May
Risks of the best-performing currency of the year Ruble past 70-marker vs. the dollar for the first time since May 2022. This confirms the idea of its reverse in the year ahead. While the Russian Ruble was one of few currencies that has ou...
WTI wandering from economic news and data
We can see a bullish trend in the H1 and H4 charts.Central banks -excluding PBoC- were hawkish enough to increase the risk of recession, reducing energy demand. On top of that, we had fragile economic data from the most developed economies, mainly Ch...
Market update | 20 December 2022
Weaker USD after BoJ and PBoCTuesday started with a focus on three central banks in Asia. In Australia, Reserve Bank released its meeting minutes, the Bank of Japan surprised investors, and PBoC was predicted. Minutes of the Australian Reserve b...
BoJ Preview | December 2022
Consensus expectations for no changeBank of Japan (BoJ) started its two-day meeting today, and tomorrow, Tuesday, December 20, will publish its announcement. The consensus expectation is that the central bank will maintain its current policies, holdi...
Bulls fight bears after Bitcoin leaves uptrend channel
Bitcoin price bearish momentum seems to have been checked by bulls while the price has fallen below $16,800 after breaking out from the uptrend channel. Looks like bulls are holding on their own after bears won control and drove the price down, breac...