BTCUSD, H4 | Short-term Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 53675.03Pivot: 47385.9Support: 44903.88Preferred Case:We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price could push further down from pivot level to 1st Support in line with 78.6% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-short-term-bullish-bounce"
via IFTTT

EURAUD, H4 | Bullish continuation

Type: Bullish BounceKey Levels:Resistance: 1.6179Pivot: 1.60525Support: 1.60051Preferred Case:Price is abiding to the ascending trendline, signifying bullish momentum. We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection towards 1st Resistance in line with horizontal resistance.Alternative Scenario:Alternatively, price could push down to 1st Support in line with 100% Fibonacci projection and 50% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euraud-h4-or-bullish-continuation"
via IFTTT

Antipodeans battle to stem Omicron slide; cryptos lick weekend wounds

from Forex News https://www.investing.com/news/economy/antipodeans-battle-to-stem-omicron-slide-cryptos-lick-weekend-wounds-2700518
via IFTTT

'Extreme' vaccine discrimination risks leaving Africa behind - report

from Forex News https://www.investing.com/news/forex-news/extreme-vaccine-discrimination-risks-leaving-africa-behind--report-2700502
via IFTTT

Bahrain central bank plans to offer digital Dinar - Sky News Arabia

from Forex News https://www.investing.com/news/forex-news/bahrain-central-bank-plans-to-offer-digital-dinar--sky-news-arabia-2700331
via IFTTT

Key Economic Events and Reports for the Week Ahead

The Non-Farm Payrolls report was disappointing, but the Fed seems unrelenting in its quest to move towards a higher pace of QE roll-out. This is probably the main conclusion of this week, which should serve as a basis for next week trading expectations.On Tuesday, the decision is made by the RBA, which could have a positive effect on the heavily oversold AUD and may allow a successful offensive for AUDUSD buyers to start. There are strong technical prerequisites for this.On Wednesday, the Bank of Canada holds a meeting, which will also be urged to respond to the uncertainty surrounding the new covid strain. In case of a signal that the Central Bank may use monetary policy instruments to smooth out the increased risks of a pandemic, USDCAD may continue to move up after a good pullback this Friday at the NFP:On Friday, pay attention to the UK GDP data in light of the upcoming meeting of the Bank of England and the US CPI for November. Accelerating inflation in the US will ensure a faster pace of curtailment of the Fed's asset purchases, to which the dollar will most likely not remain indifferent and will look for points to resume the rally.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/key-economic-events-and-reports-for-the-week-ahead-05-12-2021"
via IFTTT

Why Britain should join the race to corner the cannabis market

Germany’s government is to legalise cannabis – but Britain risks getting left behind in a growing new industry, says Matthew Lynn.

from Moneyweek RSS Feed https://moneyweek.com/economy/uk-economy/604184/why-britain-should-join-the-race-to-corner-the-cannabis-market
via IFTTT

Canadian dollar seen higher if BoC takes lead on rate hikes: Reuters poll

from Forex News https://www.investing.com/news/economy/canadian-dollar-seen-higher-if-boc-takes-lead-on-rate-hikes-reuters-poll-2698695
via IFTTT

Iran currency falls as nuclear talks seem to hit roadblock

from Forex News https://www.investing.com/news/economy/iran-currency-falls-as-nuclear-talks-seem-to-hit-roadblock-2699974
via IFTTT

Erdogan says he hopes volatile Turkish lira will steady soon

from Forex News https://www.investing.com/news/economy/erdogan-says-he-hopes-turkish-lira-will-steady-soon-2699923
via IFTTT

Vietnam, Taiwan exceed U.S. Treasury currency thresholds, but no manipulator labels

from Forex News https://www.investing.com/news/economy/us-treasury-says-vietnam-taiwan-exceed-currency-thresholds-but-no-manipulator-labels-2698951
via IFTTT

Factbox-U.S. Treasury tweaked its currency manipulation test; what's different?

from Forex News https://www.investing.com/news/economy/factboxus-treasury-tweaked-its-currency-manipulation-test-whats-different-2699211
via IFTTT

China tightens rules on forex trading, targets misconduct

from Forex News https://www.investing.com/news/economy/china-tightens-rules-on-forex-trading-targets-misconduct-2698749
via IFTTT

Bitcoin falls 9.2% to $48,782

from Forex News https://www.investing.com/news/forex-news/bitcoin-falls-92-to-48782-2700018
via IFTTT