Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Biden talks about huge taxes, Intel dropped on profit decline
Information is not investment advice
Latest news
- The Biden administration is thinking to increase the capital-gain tax to 39.6% for those companies which earn more than $1 million a year. It may negatively impact the stock market.
- The earnings season is going on. AT&T rose after beating market forecasts, while Intel, the top chipmaker, dropped in after-hours trading on a decline in profit (despite better-than-expected earnings).
- Today, many PMI reports will come out from all over the world: the Euro Area, the UK, and the USA. Follow reports and keep an eye on the charts.
Tech analysis
EUR/USD has started the day on a positive footing. If it manages to break the recent high of 1.2070, the way up to the two-months high of 1.2175 will be clear and then to the next support of 1.2130. On the flip side, if it drops below yesterday’s low of 1.2000, the way down to the 50-day moving average of 1.1960 will be open.
Gold keeps rising. If it crosses yesterday’s high of $1795, the way up to the one-month high of $1815 will be clear. In the opposite scenario, the move below the $1780 support will press the yellow metal lower to the 50-period moving average of $1768.
USD/JPY is edging lower and lower. If it breaks the 107.85 support, it may fall to the next round number of 107.50. However, if it breaks the recent highs of 108.20, it may jump to the 50-period moving average of 108.50.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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