Market Forecasts and Analyses
31 Jan 2022 1 minute read 0 comments FX Empire
AMD has reached support at the September low and psychological 100 level, generating a tailwind that could yield 20% short-term upside. SPDR SP-500 Trust (SPY) SPY fell to a six-month low on Monday and worked its way into a Friday close near the wee...
30 Jan 2022 1 minute read 0 comments FX Empire
While finding support from the U.S equity markets on Friday, Bitcoin remains under pressure over an imminent White House executive order. It was a 2nd consecutive day in the green for Bitcoin (BTC) on Friday. Having reversed losses late in the day o...
30 Jan 2022 1 minute read 1 comment FX Empire
One of the most reliable patterns in determining a reversal from bullish to bearish is known as a “head and shoulders.” One has clearly formed in Bitcoin and could signal a revisit to the $30,000 level. Investopedia says this about the formation, “A...
29 Jan 2022 1 minute read 0 comments FX Empire
The US dollar moved higher Loonie breaking out versus most major currencies. Treasury yields were lower but the Treasury yield interest rate curve flattened to the lowest levels since November 2020, signaling an oncoming recession. The Fed’s favorite...
29 Jan 2022 5 minute read 1 comment FX Empire
The Bloomberg Commodity Spot Index reached a record high this week with the index trading up 7.5% this month, thereby putting some considerable distance to the near 9% drop in the MSCI World Index. The main drivers behind this widening gap have been...
29 Jan 2022 1 minute read 1 comment FX Empire
LUNA has lost more than 30% of its value over the past seven days and could dip further if the bearish sentiment grows stronger. LUNA, the native token of the Terra ecosystem, is one of the worst performers amongst the top 10 cryptocurre...
28 Jan 2022 1 minute read 0 comments FX Empire
The popular broker is afraid to add coins that could be viewed as unregistered securities by the SEC. Many traders wanted to know whether Robinhood will support Shiba Inu, but the broker’s earnings report and the subsequent earnings call...
28 Jan 2022 2 minute read 3 comments FX Empire
The crypto market is rallying but Metis Token, SpookySwap and Marlin are some of the lesser-known altcoins that are currently trending on Twitter. The broader cryptocurrency market has performed well over the weekend, with Bitcoin now trading above...
28 Jan 2022 2 minute read 0 comments FX Empire
Bitcoin (BTC) tracked the NASDAQ into the red through the U.S session. The U.S futures, however, supported a late rebound and early gains this morning. It was a second consecutive day in the red for broader crypto market on Thursday. Mar...
28 Jan 2022 1 minute read 0 comments FX Empire
The direction of the March E-mini NASDAQ-100 Index into the close on Thursday is likely to be determined by trader reaction to 13984.25. March E-mini NASDAQ-100 Index futures are trading lower late in the session on Thursday with prices...
