Nasdaq 100 Index Plummets After Fed Decision

Crypto

On 17th December, analysing the Nasdaq 100 chart (US Tech 100 mini on FXOpen), we:→ Drew a blue upward channel relevant for 2024;→ Noted that the price was near the upper boundary of the channel, while the RSI indicator had entered the overbought zone;→ Suggested that bulls might face difficulties in pushing the price to […]

The US Dollar Hits New Highs After the Fed Meeting

Crypto

Yesterday the Federal Reserve cut the interest rate by 0.25% from 4.50%-4.75% to 4.25%-4.50%, as previously forecast. Despite this decision by the regulator, the US currency strengthened, and some currency pairs are nearing multi-year highs. For instance, the USD/CAD pair is trading near its 2020 highs, GBP/USD has dropped below 1.2600, and EUR/USD

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