Momentum Breakout Trading Strategy

We must be able to identify support and resistance levels as that’s where are going to use this strategy. The two possible scenarios that we will see sometimes happening on charts are as follows. By monitoring a support level, maybe hoping to buy on the upward bounce of price on that support level but it [...]

Yfdex’s Defi scam pressurizes Bitcoin

Bitcoin’s price is still whipsawing between $10,420 and $9950, as of today. It appears a vast majority of this new investment is pouring into Ethereum, which is enjoying a 7% daily price gain right now and is the best performing crypto-asset in the top 10 cryptos by market cap. As per the market data, there’s [...]

Housing market confidence supports pound

Confidence in Uk housing has increased. Stamp duty cuts, coupled with increased demand for homes with gardens since the pandemic, has driven confidence in the housing market to a four-year high, according to surveyors and estate agents. A net balance of 44% of members of the Royal Institute of Chartered Surveyors (Rics) reported an increase [...]

BOC stands pat on policy impacts loonie

The dollar was up on Wednesday morning in Asia after U.S. markets saw a second rout in tech stocks in less than a week, giving the dollar a boost.  “U.S. equity futures will likely be a guide to currencies today. The more equity futures fall, the larger the strength in the dollar and the yen,” [...]