USOIL Skyrockets, No Bear in Sight
USOIL Has Shot Up More than 16% since the Start of 2022 Oil prices have been bullish for a sixth week, the longest weekly record since October. Prices have risen sharply amid geopolitical tensions between Russia and its neighbors such as Ukraine. We know that Russia is the second-largest oil producer in the world and a major supplier of natural gas to Europe. Threats to the United Arab Emirates from Yemen's Houthi movement have also raised concerns about energy supplies. Quick Recap on
Chance for Ethereum Correct After Heavy Fall?
Ethereum (ETH) Dropped 41% in Value Since the Start of 2022 Ethereum is a technology that allows its users to send cryptocurrency to anyone. Created by Vitalik Buterin, Ethereum also powers applications that anyone can use and no one can stop. Ethereum is built on Bitcoin innovations, with some big differences. Both allow us to use digital money without the services of a payment provider or bank. However, Ethereum is programmable, so you can use it for many different digital assets. It also
How is USDCHF Before FOMC?
All Eyes of Traders and Investors are on the Fed's Interest Rate Determination in the Upcoming New York Session The FOMC, which will be held in the New York session, will determine the policies taken by the American central bank, namely The Federal Reserve or the Fed. Many think that the Fed will soon increase interest rates given the inflationary pressure that hit America to 7%. Not much different from America, Switzerland is also experiencing inflation problems and is struggling with Omicron
Double Top Makes CADCHF Continue Downwards?
CADCHF Dropped Sharply through the Neckline Support, Validating the Double-top Formed The Canadian dollar has tended to weaken against the Swiss Franc over the past few days. This is partly due to the phenomenon of friction between the Canadian government and truck drivers who reject the mandatory vaccine policy. Of course, truck drivers who are one of the stakeholders in the supply chain can disrupt the economy. Meanwhile, investors tend to be cautious because the Bank of Canada will only
AUDUSD Drops Sharply, Will It Retest?
AUDUSD Continues to Fall After Failing to Surpass the Daily Resistance The US dollar strengthened as investors awaited the Fed's decision. All are waiting whether the Fed will raise interest rates soon amid rampant inflation problems. On the other hand, Australia, which is also being hit by the Omicron, continues to show a weakening economy and results in a depreciating AUD value. It's no wonder why the AUDUSD has continued to decline over the past few years. Precisely since January 13, where
Sell on Strong GBPAUD?
GBPAUD is indeed in a bullish trend, but it seems difficult to break the daily resistance The increase in GBPAUD is unquestionable. This pair already looks bullish even before the Bank of England (BoE) announced an interest rate hike last December. The policy of the British central bank certainly pushed the GA even higher. But technically, there are signs that GBPAUD is struggling to continue rising beyond the daily resistance. Fundamentally, the UK, which continues to improve its economy,
AUDJPY is a Sell?
After hitting TP last week, AUDJPY Again Shows an Opportunity to Sell on Strength "Today is a very difficult day for our state," New South Wales (NSW) Prime Minister Dominic Perrottet said during a news conference on Tuesday (18/01) as the state reported 36 deaths, the highest level of the new pandemic. The case of Australia's Omicron is still rampant, coupled with the consumer confidence index dropping 2% to 102.2 points in January. However, there are still a few bright spots from Australia
USDCHF: Bullish or Just a Correction?
Closed Bullish for the Last Three Days, Where Will USDCHF Go? The dollar index rebounding from the key level also had an impact on the USDCHF which was bullish for the last three days. The pair shot up after touching the daily support at the 0.91000 area. In general, America is in a state of high inflation, rising 7% over the past year, being the worst since 1982. However, to overcome this, the Fed will soon further raise interest rates in 2022. This issue brought strengthening to the value of
Is Daily Resistance Able to Hold the EURAUD Bullish Structure?
EURAUD continues to show strength - but can it break through resistance? The EURAUD pair has surged by over 200 pips since the start of 2022. This is due to Omicron cases and the different ways in which both regions are handling the situation. Some European countries are carrying on business as usual amid the increasing spread of Omicron. Meanwhile, Australia has imposed a lockdown to break the spread of the Coronavirus chain. So obviously, the wheels of the economy are rolling better on the
EURUSD Looks Ready To Retest After Breaking Daily Resistance
Everyone's Favorite Pair has Broken Out of the Ranging Area after Poor Inflation Data for the US Last Week. CPI data released last week, on January 12 to be exact, had a significant impact on major pairs. Euro USD is no exception, thanks to the poor CPI data, which became the catalyst until the pair was able to breakout the resistance that has hindered its rise since last November 2021. The United States is indeed beset by a serious inflation problem. On a monthly basis, the actual CPI data
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