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Bitcoin's lost: will the Fed point the way?
Bitcoin’s going nowhere fast so far this year. Stuck in a range between ~$33,000 to ~$48,000 at the extremes, yet coiling in an even tighter range recently. The upside has been capped by the 20 day moving average and support is found at the $37,500 zone. Bitcoin seems to have run out of catalysts…
Stock of the week: Starbucks
The brutal selloff in hyper growth stocks has stolen the limelight of late, and there’s really been very few places for investors to see positive returns this year.
AUDUSD: hikes vs growth concerns
The Reserve Bank of Australia (RBA) looks set to join the growing group of central banks raising interest rates after Australia’s inflation data came in hotter than expected earlier this week.
RSI shows Sterling is stretched
The pound’s having a terrible time of it lately. It’s been hard to find positives in recent data & last week’s UK retail sales miss compounded the negative bias, sending GBPUSD plunging down through support at 1.2980 and into the 1.26 area with little respite.
Stock of the week: Amazon
A massive week of US earnings awaits: 175 of the S&P 500 companies are scheduled to report first quarter results.