5 things you should watch in Powell’s potent testimony

The world’s No. 1 central banker gives a lengthy testimony that will rock the US Dollar. There are five critical things that will shape rate expectations and the reactions in markets. Fed Chair Jerome Powell testifies on Tuesday, July 17th and then again on Wednesday, July 18th at 14:00. The Fed Chair goes to Capitol […]

Bitcoin Blackrock breakthrough opens door to $7,000

The price of Bitcoin shot higher on the news that Blackrock, the investment tycoon, has set a working group to see if cryptos have a potential. BTC/USD broke above key resistance levels that now turn into support. The Technical Confluence Indicator shows that BTC/USD is well supported at $6,549 which is the convergence of the Fibonacci 61.8% one-week, the […]

Can EUR/USD rise? It has clear targets up and down

The EUR/USD is looking for a new direction as traders shift their attention back to trade after France won the World Cup. What’s next? The Technical Confluences Indicator shows significant resistance at 1.1725 which is the confluence of the Fibonacci 61.8% one-month, the Fibonacci 61.8% one-week, and the Simple Moving Average 50-one-day. Higher above, 1.1792 is the convergence of the one-month high, the […]