The U.S. dollar is likely to rise next week if the Fed signals at its June meeting that it will have to raise rates more aggressively in response to broadening inflationary pressures. The daily price is on bullish breakout by crossing 103 resistance level to above for the 105 target to re-enter. more...
Bitcoin prices suffered after US CPI rose to a four-decade high. Cryptocurrency remains vulnerable to economic data. With fundamentals currently driving price action, the economic calendar remains key for digital assets. more...
The Australian Dollar has a very healthy economy behind it and the longer the currency stays undervalued, the stronger it gets. Will AUD/USD get a grip? The RBA does two things very well. They do nothing when nothing is warranted, and they act decisively when action is needed. Action is needed here, and they are going for it. The free money party is over. Conditions need to be tightened and as a consequence, rates are going way north. ...
A stock market crash is a sharp and quick drop in the total value of the market with prices typically declining more than 10% within a few days, Famous examples of major stock market crashes are the black Monday in 1987 and the real estate bubble in 2008. A crash is usually attributable to the burst of a price bubble and is due to a massive sell-off that occurs when a majority of the stock market participants try to sell off their assets at the same time. ---------------- Data Science and Machine Learning (Part 01): ...
Dima Dimitriev, impressionist painter
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