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Bitcoin holds above $40k after Fed hikeBitcoin (BTC) held above the $40,000 level on Thursday amid a broader uptick in global equities as the U.S. Federal Reserve (Fed) hiked rates by 0.25% as expected. Fed chair Jerome Powell signaled the U.S. economy was “very strong” and could handle monetary tightening, causing a jump in equities. Meanwhile, the Bank of England will also holds its policy meeting on Thursday and is expected to raise interest rates to their pre-Covid levels. U.S. futures shed 0.51% in European hours while brent crude jumped 4% to near $100. Europe’s Stoxx 600 rose 0.22%, while Asian markets added a second day of gains with Hong Kong’s Hang Sang index rising 7% and Japan’s Nikkei 225 increasing 3.46%.
BITSTAMP:BTCUSDLong
by chalgfetelec
$EUR/USD - Euro Putin a Tight Spot (short-term)Are Elliott waves pointing to a military incident in Europe? Gotland is a Swedish island in the middle of the Baltic Sea , commanding a key strategic position. In 1915 , the Battle of Gotland was a crucial moment in The Great War , with the navy of the German Empire being defeated by that of the Russian Empire . Assisting the Russian navy that day was a British submarine. It’s fair to say that such an allied arrangement is unthinkable today. Sweden has just sent troops to Gotland to shore up its defenses as alarm over Russian belligerence grows. This is a significant development and ups the ante in the stand-off between NATO ( the North Atlantic Treaty Organization ) and Russia . Tensions in Eastern Europe have been rising for the last few years as it became clear that President Putin of Russia was intent on re-establishing , if not the land mass, then certainly, the psychology of the Russian Empire . The 100,000 Russian troops parked on the border with Ukraine is testament to that . With NATO-Russian talks at a stalemate, the jungle drums of conflict are getting louder. If there were to be a military incident in Eastern Europe, then most people would think that the European Union euro would fall in value, at least initially. Such is the conventional causality thinking. It often seems like this when an event happens, but if we look closely, then a lot of the time we can see that Elliott waves were pointing to the financial market movement before the event took place . Check out the chart of the Turkish lira versus the U.S. dollar and you will see a very distinct triangle , pointing towards a weaker lira, ending in June 2016. In July 2016, a military coup was attempted in Turkey coinciding with a big slide in the lira ( I remember a Turkish economist colleague of mine at the time being completely unable to comprehend how the financial markets might be able to somehow anticipate an event like that ). Right now , the Elliott wave count for EUR-USD is suggesting that either a decline is underway immediately, or that a marginal new high above 1.1483 is required before a multi-big figure tumble. Could this coming depreciation of the euro coincide with a military incident in Eastern Europe? Do not be surprised if it does!.
Short
by ferGOD
4
$EUR/USD - The Dollar and DeflationThe Dollar and Deflation Elliott waves in FX might be anticipating  deflation. Demand for U.S. dollars has surged over the past couple of weeks as the economic and financial sanctions on Russia cause all sorts of ramifications . Essentially, taking out an active chunk of the day-to-day global capital markets reduces financial transactions and makes the availability of U.S. dollars a little scarcer. For example, according to estimates by Credit Suisse , Russia holds about $300 billion in short-term money market instruments, $200 billion in FX swaps and another $100 billion through public and private deposits. Freezing this means that it cannot be used to grease the wheels of the money markets as it usually would. The cost of funding transactions in U.S. dollars has risen. However, demand for U.S. dollars also rises when sentiment is becoming more cautious and negative . Most of the planet’s debt is denominated in, or linked to, U.S. dollars. When people get nervous , they want to ensure that they have dollars to either service that debt or pay it back. In the coming debt deflation, expect demand for U.S. dollars to go through the roof. Ah, but then there’s the Fed. Since the Great Financial Crisis of 2008, whenever demand for U.S. dollars has surged, the Federal Reserve has utilized so-called “ swap lines ” with other central banks around the world in order to ensure that there is an ample supply of U.S. dollars to meet everyone’s needs. This has tended to coincide with a period of U.S. dollar strength in the foreign exchange (FX) market, which then subsequently turned into weakness. The current Elliott wave structure in the chart of EUR/USD suggests that the current period of U.S. dollar strength could be close to ending. Could this coincide with the Fed re-opening and perhaps extending its swap lines in order to ease the demand for U.S. dollar funding? Perhaps. If so, we can anticipate that sentiment will become more negative in the short-term to trigger the Fed to act. Dollar weakness will not come about  because  the Fed extended swap lines. Rather, the socionomic way to think about it is that dollar strength (often associated with a deflation lurch) will  cause  the Fed to act.
Long
by ferGOD
5
💵Euro/U.S.Dollar💵Analyze !!!Euro moved in Descending Channel more than one year, and these days we saw that the Euro was able to break lower line of Descending Channel , from my idea, this break can be a fake-out and Euro will back again to its channel. I have some reasons for this fake-out : Euro is at my TRZ (Tiem Reversal Zone) + Junction between 61.8% Fibonacci line of Pitchfork and 25% Fibonacci line of Pitchfan + Cluster of Fibonacci ( PRZ (Price Reversal Zone)) + Also we can see support zone and an Important Support Line under the current price of Euro . 🔅 Euro can go UP from the Current Price at least until the lower line of Descending Channel , and in the next step can touch the middle line of the Pitchfork . 🔅 Euro/U.S.Dollar Analyze ( EURUSD ) Timeframe 4h ⏰ 🟢 Price Reversal Zone ( PRZ ): 1.0907$ until 1.0894$ =Cluster of Fibs 🟢 Support Zone : 1.0776$ until 1.0725$ Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
Putin: Ever Pushing Euro DownChart shows the effect of Russian invasion of Gergia and Ukraine on the Euro. In the previous two attacks (2008 & 2014) the Euro went down around 30% . Of course the whole downturn of the Euro can not squarely be put on Putin, taking into account the devastating effects of the 2008 financial crysis, but it is clear that it has a lot of downward effects none the less. The European economy before the current invasion was not of course great, and COVID rect havoc everywhere especially in bunkerred down Europe. Now that the effects of the coronavirus is diminishing and Europe tries to recover, Putin happens again. So, are we heading for another 30% downward move on the Euro, seeing once again € at ¢80? With the devstating effects this war is causing all over the Europe, we afraid even worst.
Short
by cafedefi
2
EURUSD MONTHLY CHARTJust an idea & trade at your own risk. EURUSD reached its lower Long-term uptrend channel on the monthly timeframe and the next demand zone around 1.06-1.09 If the lower long-term uptrend channel breaks, with a monthly close below it, the next targets are below 1.05 and into below parity, to the lower downtrend channel. If the lower uptrend channel remains intact and this month closes above 1.09, then possibly we may have a triple bottom formation and a break above would lead to a new impulsive bullish movement.
by WaelHaz