The virus spreading across the globe has been the main market driver for several weeks. It seems like since 2014 there has not been anything similar, influencing both the worlds of fiat and crypto money.
This new week of November is saturated with the speeches of monetary politicians on various levels. This means that capital markets will have enough news to pay attention to and use as drivers in trades.
The discussions of Brexit and the reactions of the pound have long been most vivid. The problem seemed on the verge of solving but alas, the decision is postponed again. The pound is nervous because of Brexit complications, and its perspectives are directly connected to the upcoming end of the drama.
The Tron cryptocurrency has been trying to stabilize and even grow during the last couple of days, but the optimistic movements remain scarce. The TRX is clearly lacking an impulse. It is balancing around $0.0163.
May is expected to be as efficient as April. Traders’ proverb “May sell and go away” will be very correct this year again. The market tendency to continue current trends will remain in force not only in May. Particular attention should be paid to three instruments, which are expected to be extremely volatile implying both corrections and the downtrend continuation.
The last week Fed meeting decided on the key short term interest rates. The market players are always eying this event, focusing on the future economic outlook commentary.
Bitcoin has stopped rising by Thu Feb 21, trading around $3,908.37. The current setup is best shown on H1, where the latest upside movement stopped near the current channel resistance.
Opera Limited is publishing its earnings report on Feb 21. The company's IPO happened just 6 months ago, and this is just its second quarterly report.