Wall Street fecha semana no azul em.com.br - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from em.com.br Daily Mail and Mail on Sunday newspapers.
USD/CAD has fallen for months as rising crude oil prices, risk appetite and a weak US Dollar worked to drive the pair lower. Declines have left the pair with little support to stand in the way of f.
Bitcoin Price Jumps as Elon Musk Tweets Progress Toward Renewable Mining
2021-05-24 20:35:00
Peter Hanks,
Strategist
Bitcoin (BTC/USD) Price Outlook:
Bitcoin bounced toward resistance after Elon Musk announced renewable mining progress
While gains are encouraging, the coin remains well beneath recent levels
Bitcoin Price Jumps as Elon Musk Tweets Progress Toward Renewable Mining
Bitcoin enjoyed a brief bounce Monday afternoon after Elon Musk announced progress toward renewable Bitcoin mining via Twitter. The coin’s energy consumption has been a rising concern among many investors, including Elon Musk, who recently announced Tesla would no longer accept Bitcoin due to its high energy cost. The executive’s decision to pivot elsewhere sparked interest in a number of potential Bitcoin alternatives and likely added to selling pressures Bitcoin has experienced since mid-April.
Nasdaq 100, DAX 30, FTSE 100 Technical Forecasts for the Week Ahead
2021-05-22 08:00:00
Peter Hanks,
Strategist
Nasdaq 100, DAX 30, FTSE 100 Forecasts: Mixed
The Nasdaq 100 rests above nearby support and an important ascending trendline from September
The DAX 30 teeters near recent highs with record levels in its sights
The FTSE 100 is at risk of breaking beneath a rising wedge that would see losses accelerate
Outlook: Bullish
The Nasdaq 100 endured considerable volatility last week as risk assets ranging from technology stocks to cryptocurrencies bounced between support and resistance with ease. In the case of the Nasdaq 100, a late-week surge saw the index retake an influential area around 13,400 and, perhaps more importantly, move off an ascending trendline from September. In the week ahead, the tech-heavy index will look to utilize both areas as support should selling pressure return.
Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally? dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.