Bitcoin spikes as whale reported to have covered short
Bitcoin spikes as significant short position reportedly covered.
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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Bitcoin spikes as significant short position reportedly covered.
In today's "Morning Market Review," we examine the indecision prevalent in the market. Gold has an uncertain candlestick, as do the risk markets. The prospect of stagflation still threatens as oil prices climb. Moreover, a worry persists that the Fed will hike aggressively into this stagflationary environment.
Despite showing some resilience the EURUSD has started to roll over.
Short-term traders need to align with the daily participants for the index to appreciate further.
Bitcoin moving averages will help determine when a trend is present.
Global energy markets remain uncertain, with geopolitics still escalating. Talks between Russia and Ukraine have little to show so far.
In today's "Morning Market Review," we discuss the uncertain sentiment in the commodity space, with specific references to oil and gold. Furthermore, we consider that rates of returns are in flux and what this might mean for risk markets. Finally, we analyse the GER30 and USDOLLAR weekly and daily charts.
US30 moves into bullish area, but caution is suggested given market headwinds.
Introduction The Fed began its hiking cycle yesterday by raising the fed funds rate by 25bps. Moreover, they forecast another six rates for 2022. The dot plot confirms the aggressive expectations of hikes: Source:Summary of Economic Projections - March 16, 2022 The median forecasts to 2024 are as follows: - 2022 – 1.9% - 2023/2024 – 2.9% (peak) - Longer-term – Moderation An argument is that the Fed has been…
In today’s “Morning Market Review,” we discuss the headwinds due to the flux in investor required rate of return. We also consider the flattening of the yield curve. Finally, we link this discussion to the DAX and risk markets and advocate for caution due to the possibility of current price action being a bear market rally.
EURUSD May be setting up ahead of crucial Fed announcement and press conference.
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