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Weekly data: Gold and AUDUSD in focus

From leaprate.com

This week, the most attention of traders is focused on the situation around a lawsuit of SEC against Binance. BNB coin was hammered massively, along with Bitcoin, Ether, and other cryptos. Positions for a total amount of approximately 500 million dollars were liquidated from crypto markets, confirming a “crypto winter” narrative. Stock indices, on the other hand, display much greater resilience, with Nasdaq and S&P500 moving higher with VIX positioned at around 14: the long-term low. That points to an extremely low level of fear, which, on the one hand, indicates an established bull market, and creates a lift in ... (full story)

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  • Category: Technical Analysis