Page 11 - தொழில்நுட்ப பகுப்பாய்வு விதிமுறை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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at 9:00 am on April 21, 2021 | 0 comments
Another night of selling on Wall Street and across the Atlantic in Europe on risk aversion around the burgeoning 2021 COVID crisis as the WHO let out a stark alarm about the growing number of cases worldwide. The previously on the ropes USD bounced back slightly with Euro falling from its six week high as US Treasury yields fell back on safe haven bids across the bond complex. Commodity prices all fell back in unison due to the higher USD although iron ore made a ten year high!
Bitcoin is trying to fill its near 20% drop on the back of the Turkish ban over the weekend, with the four hourly chart showing a potential bottom forming here above the $53K level. The neckline to watch is a very clear $57K zone formed by the the recent session highs so watch for a potential violent breakout on sentiment alone:
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at 9:30 am on April 19, 2021 | 3 comments
The last two weeks have seen new historic highs across equity markets with bullish economic news helping lift risk spirits across the complex. Friday night saw another positive day for Wall Street while the USD was largely unchanged as Treasury yields lifted slightly to be back above the 1.7% level as commodity prices were mixed. This trading week should start firmly with the ASX200 pushing to new highs as Chinese and Japanese stocks get ready to breakout on the positive Wall Street lead.
Bitcoin has been able to significantly push through the $60K level after a lot of consolidation around that level, now bursting out to a new historic high above the $64K last week before a minor stall. Momentum continues to be positive on the daily chart although that stall could turn into another volatile consolidation event in the wake of the recent Turkish machinations:
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See the latest Australian dollar analysis here:
President Biden’s new big infrastructure plan didn’t shake up markets as expected with Wall Street absorbing the proposed tax increases while the USD finally gave up some ground against the major currencies after being super strong all week. Treasury yields fell back slightly again but still remain above the 1.7% level as commodity prices were mixed with oil continuing to fall as the OPEC meeting ramps up while gold leapt higher on the weak USD move to get back above the $1700USD per ounce level.
Bitcoin is again trying to significantly push through the $58K level overnight after some volatility around that level, sitting just below the $59K area, matching the previous weekly high. Momentum continues to be nicely overbought on the four hourly chart so watch for another attempt higher today:
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