The US dollar fell at the beginning of the week against the Swiss franc but then turned around to show signs of life- Forex Trading
Bitcoin fell during the past week as we have seen a lot of “risk off” behavior in the markets overall. The risk appetite of traders around the world seems to be waning, and that of course works against the value of Bitcoin. It’s also worth noting that the $25,000 level above is a significant resistance barrier, and we have in fact failed from there. Because of this, I think Bitcoin is getting ready to roll over, and could even find itself below the $20,000 level rather quickly.
Furthermore, the Federal Reserve does everything it can to convince Wall Street that it’s going to stay tight for ages, and because of this the market will more likely than not favor the US dollar going forward.The Australian dollar initially rallied during the trading week but has also given back almost all of the gains. It looks like the 0.70 level is going to continue to be resistant, not to mention the fact that there is a 200-Week EMA above there near the 0.72 level.
The 1.25 level above is a massive barrier, and it does not look likely to be broken above in the near term.The US dollar initially tried to rally against the Canadian dollar this past week but has failed to bid. Because of this, it looks as if the Canadian dollar may continue to be a bit of an outlier against the greenback as we have seen so much in the way of strength for the CAD, which flies in the face of most other currencies against the greenback.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New program pairs at-risk youth with first respondersBigs with Badges is a new program launched by Big Brothers Big Sisters of South Alabama and Mobile’s first responders.
Read more »
21 Pairs of Warm and Cozy Socks You'll Want to Wear All WinterFrom heavy-duty thermal socks to breathable, fluffy socks for lounging.
Read more »
Jennifer Lopez Pairs a Cropped Turtleneck with Ripped SweatpantsThe superstar offered a new spin on an athleisure staple.
Read more »
The Must-Have Accessory for Super Bowl Weekend Could Be a Pair of EarplugsWith noise levels at stadiums capable of reaching up to 130 decibels, the new game-day must-have may just be a pair of earplugs. RSRecommends
Read more »
Biden, Brazil’s Lula to put focus on democracy, climate during White House visitThe two leaders are meeting Friday to discuss efforts to safeguard democracy, Russia’s invasion of Ukraine, and climate change, including efforts to stem deforestation of the Amazon.
Read more »
Biden, Lula to put focus on democracy, climate during visitPresident Biden is welcoming Brazilian President Luiz Inácio Lula da Silva to the White House for wide-ranging talks. biden kprc2 click2houston
Read more »