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

26

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
8th September 2022: Yesterday trading signals are given +10.439%; The fall of the economy of Ukraine 37%; European Central Bank to lift cap on interest rates; How Europe is coping with the energy crisis

8th September 2022: Yesterday trading signals are given +10.439%; The fall of the economy of Ukraine 37%; European Central Bank to lift cap on interest rates; How Europe is coping with the energy crisis

6th September 2022: Yesterday trading signals are given +0.446%; Cost of energy will account for 15% of GDP in Europe; Energy crisis in Germany; The situation with the S&P 500

6th September 2022: Yesterday trading signals are given +0.446%; Cost of energy will account for 15% of GDP in Europe; Energy crisis in Germany; The situation with the S&P 500

31th August 2022: Yesterday trading signals are given +4.173%; Rising interest rates in the EU; The start of a recession in the EU; The Austrian authorities will repay part of the population's payments

31th August 2022: Yesterday trading signals are given +4.173%; Rising interest rates in the EU; The start of a recession in the EU; The Austrian authorities will repay part of the population's payments

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