Live

To All PostTo All Posts
12th July 2022: Bitcoin still waiting on moves; Euro and USD are equal to each other; Euro is at the risk

12th July 2022: Bitcoin still waiting on moves; Euro and USD are equal to each other; Euro is at the risk

12.07.2022

0 comments

5

Bitcoin still waiting on moves

The largest digital token has traced a so-called rising wedge, which technical analysts view as a kind of calm before the storm. A rising wedge also formed between May and June, snapping an earlier sharp retreat in Bitcoin, only to give way to a 42% slump. The opinion is split on whether the token has found a floor around $20,000 after a 57% plunge this year.

Euro and USD are equal to each other

Euro dropped as much as 1.3% to $1,0005, eclipsing its low from last week. The last time it was this low was back in 2002. The euro’s downward spiral has been swift and brutal. A string of increasingly-large Federal Reserve interest-rate hikes has supercharged the dollar. Russia’s invasion of Ukraine has worsened the outlook for growth in the eurozone.
Euro shorts were one of the most popular trades among foreign-exchange professionals last week. Accounts added $769 million to net short bets totaling $2.2 billion, the most since late November. Deutsche Bank is pricing the euro to move in between a range of 0.95 to parity against the dollar. The dollar rose against most G10 currencies on Tuesday, pushing sterling down to a two-year low.

Euro is at the risk

S&P 500, and Nasdaq 100 shed over 0.5% after a Wall Street slide Monday. Stoxx Europe 600 gauge slipped for a second day, though it pared the decline. An Asian share index headed for its biggest two-day drop in a month. The euro is within a whisker of parity with the greenback, sapped by the region’s energy crisis and acute recession fears. The latest commentary highlighted both the central bank’s hawkishness and the risks that come with aggressive interest-rate hikes.

The Stoxx Europe 600 fell 0.2% as of 10:27 a.m. London time; Futures on the S&P 500 and Dow Jones were down 0.6%, while the MSCI Asia Pacific Index fell 1.3%.
Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession. ZEW institute’s gauge of expectations fell to -53.8 in July from -28 in the previous month, missing economists’ estimates. Europe’s largest economy is among the region’s worst hit by the war in Ukraine as record inflation cools demand.

DOWNLOAD FINANCEWORLD APP OR USE WEB VERSION

Live Trading Signals: Forex, Stock, Crypto, Commodities

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
12th August 2022: Yesterday closed orders given +21.387%; US and EU economies recover their growth; Metavers market growth to be 40% annually until 2030; Brief overview of the stock market

12th August 2022: Yesterday closed orders given +21.387%; US and EU economies recover their growth; Metavers market growth to be 40% annually until 2030; Brief overview of the stock market

11th August 2022: Yesterday closed orders given +11.887%; S&P 500 achieved a three-month high; JPMorgan found guilty of spoofing; –°onsumer price growth in Ukraine in July amounted to 22.2%

11th August 2022: Yesterday closed orders given +11.887%; S&P 500 achieved a three-month high; JPMorgan found guilty of spoofing; –°onsumer price growth in Ukraine in July amounted to 22.2%

10th August 2022: Yesterday closed orders given -3.182%; The American stock market showed growth; Elon Musk sells Tesla shares to fund Twitter; Payment on Ukraine's debts postponed until 2024

10th August 2022: Yesterday closed orders given -3.182%; The American stock market showed growth; Elon Musk sells Tesla shares to fund Twitter; Payment on Ukraine's debts postponed until 2024

create or login to your account to unlock all FinanceWould functionality

MY FINANCE WORLD

And we also recommend subscribing to our FaceBook and Telegram channels in order to receive the most relevant information in demand on the financial markets.

  • facebook
  • instagram
  • telegram