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Ethereum consolidation reaching discount zone
Ethereum (XETUSD) has retraded (fibonacci) 50% of last swing. This is considered by many prop traders as the discount zone. Next decent demand level is 2870-2990. Keep an eye at the discount zone for an eventual rebound. Source : Bloomberg
SNB could surprise with a rate cut as banks turn against Franc
A handful of banks expect Switzerland’s policymakers will go against forecasts and cut interest rates in their first decision of the year.
Barclays, Citigroup, Julius Baer and others are among the few predicting the Swiss National Bank will deliver a reduction aimed at safeguarding the economy from potential currency strength.
Source: Bloomberg
Here is the final daily breakdown of bitcoin etfs flows YESTERDAY
in a day when GBTC saw record liquidations (to meet bankruptcy obligations of Genesis and others) and when bitcoin tumbled, Blackrock's IBIT saw a surge of inflows. ETF demand still looks quite strong. Source: www.zerohedge.com
A little History in a Chart.
Green=Bull Markets 🐂 Red=Bear Markets 🐻 source : bespoke
Nvidia CEO Jensen Huang drew this graphic showing Nvidia's journey from 1964 to today
source : stockmktnewz
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