Having reached a five-month low earlier this week, the USD/CAD pair continues to climb back above the 50-day simple moving average. While the US Dollar’s support for risk appetite remains in place, the pair may struggle to hold above a key resistance level. A break below 1.3400 may trigger a bearish trend. However, a close […]
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It seems that the USD/JPY market has bottomed out as a result of the sudden drop in oil prices. However, this time around, the US dollar will stay on top. As the economy recovers from the recession, and as the Federal Reserve begins to raise interest rates, this will continue to happen over the coming […]
The world’s largest currency exchange, the Bitfinex, has been ordered by a Federal District Court judge to produce Tether Loan Documents by a few months. This means that anyone who buys or sells Tether from the platform will receive what they are paying for in a timely fashion. However, this order will also be applied […]
The S&P 500 Index is now over the psychologically significant resistance level of three digits. There are two possible scenarios that could lead to this index reaching the third digit level, which is referred to as a three-dig support level. If the current bullish trend is to continue, the market’s support level would remain unchanged. […]
The US Dollar Index has been on a steady climb, with the dollar index rising steadily. The US dollar index has been on a constant rise since its low in January 2020, when it reached a level of 1.7 against the South African rand. Since then, the value of the South African rand has dropped […]
The stronger US dollar is a short term blip in the road. Gold is a solid investment and will continue to be so. Gold’s recent surge in price is due in large part to the United States of America and their current economic crisis. In fact, many of the gold buyers are investors. Their investment […]
