Fundamental view: Bitcoin fell against greenback in the previous week. It fell due to the positive sentiment for the greenback. Ray Dailio, founder of the world’s largest hedge fund, Bridgewater Associates, warned that BTC could be banned in the United States if it becomes too successful. He paralleled it to the 1934 Gold Reserve Act, [...]
GBP/USD made a recovery against the loss during early Friday. While doing so, the quote enjoys the recent recovery in the market sentiment. Market sentiment is boosted as hopes of further stimulus join the Fed’s strong rejection of reflation fears. Also adding the optimism in the market sentiment is the US President Joe Biden’s push [...]
The yellow metal struggles to find consistent bullish momentum. One of the gold market analyst said that investors should stop paying attention to the irrational selloff in the bond market and instead focus on long-term fundamentals as global deficits and debt continue to grow. George Milling-Stanley, chief gold strategist at State Street Global Advisors, said [...]
The Diamond Chart trading strategy is a reversal price action pattern which is rare to spot on the activity chart. This pattern is triggered in the form of a diamond top (bearish signal) and diamond bottom (bullish signal), and usually marks a period of congestion before a new trend emerges in the market. Timeframes : All [...]
