UK’s FCA warns crypto investors to prepare to lose everything.
NewsTechnically, the key support zone is $2.552 to $2.485. The major resistance zone is $2.794 to $2.918.
IndustryTheres a chance that markets will have to pay for this in the form or sharply higher interest rates or tax hikes that could cap equity valuations.
IndustryGold opened 2020 with a striking momentum, hitting as high as $1,950/ounce.
NewsGiven the current downside momentum, we think the gold market is headed for a retest of the long-term retracement zone at $1780.50 to $1705.20.
IndustryProduction is expected to decline in 2021
IndustryThe crude oil markets initially rallied during the course of the week, but then gave back the gains to form shooting stars in both grades that I follow.
IndustryThe latest talking point in financial markets comes from the soaring US 10-Year Treasury yield.
NewsSilver markets have gone back and forth during the course of the week, showing signs of confusion in choppiness as we do not quite know what to do next.
IndustryUSD/CAD failed to settle below 1.2625 and rebounded back above 1.2700.
IndustryThe silver markets have broken down a bit on Friday, as the $26 level has offered resistance again. That being said, we have not completely broken down yet.
IndustryThe US dollar has rallied initially during the week, to break above the ¥104 level. However, the market has turned around to show signs of exhaustion.
IndustrySilver is testing the support level at $25.00.
IndustryTrading is a mental game to a large degree, in which illusions will ruin traders confidence.
NewsWe‘re looking for today’s early weakness to continue as long as the EUR/USD remains on the bearish side of the 50% level at 1.2187.
IndustryTechnical analysis includes support and resistance levels where currency pairs tend to find lows and highs. At the same time, price momentum indicators often signal where exchange rates are running out of steam on the up and the downside. Technical analysis can breakdown at times when black swan events occur.
NewsXAU/USD's recovery at odds with the US dollar's daily chart, the price of gold remains anchored.
NewsMeanwhile, Retail Sales declined by 0.7% in December.
IndustryRangebound due to mixed weather signals.
IndustryEverybody QUIZ TIME! The right answer will be released on WikiFX.in page on Friday every week! Those who answer correctly 5 times in a row will be given a gift worth up to 200 Rs!
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