The price of Bitcoin dropped -13.67% last week, falling below the psychological mark of $50,000. Despite such a dramatic decline, BTC/USD is in the correction phase as the long-term uptrend is still in play, from a technical point of view.…

The US dollar kept strengthening versus the Japanese yen last week, printing the highest exchange rate since March 2017. Moreover, the USD/JPY currency pair charted the highest weekly close rate since December 2016 (115.365 yen per dollar). Both factors add…

The price of WTI Crude Oil charted the fourth consecutive red weekly candlestick this past week, losing 6.84% ($5.55 per barrel). The overall loss counting from the 7-year high noticed in October 2021 exceeded 11.4% ($9.75 per barrel). Given such…

The single European currency weakened by 1.08% (124 pips) versus the US dollar last week. The weekly close rate (1.14433) was the lowest since July 2020. From a technical point of view, such performance might lead to further weakness as…