Crypto Market Fluctuates But Does Not Move

Key Highlights USD/CHF declined heavily below the 0.8700 support and tested 0.8430. A major bearish trend line is forming with resistance at 0.8600 on the 4-hour chart. Bitcoin started a recovery wave from the $48,500 zone. Gold corrected gains and might revisit the $2,350 support. USD/CHF Technical Analysis The US Dollar started a major decline […]

Market picture Since Friday, the crypto market has been in a mood of easy greed, as evidenced by the corresponding index, which reached 55 on Monday, close to levels at the beginning of the month. Market capitalisation has also returned to $2.25 trillion, the highest since August 2. A decisive breakthrough came on Friday when […]

Summary United States: The Great Divergence Incoming economic data continue to shed light on how tighter monetary policy is placing unequal pressure across economic sectors. Interest rate sensitive segments like manufacturing and commercial construction remain under disproportionate strain, while the labor market appears to be only slowly moderating. Next week: NFIB Small Business Optimism (Tue.), […]