September 20, 2022

Crypto enthusiasts may want to pay attention to technicals at this junction. Bitcoin is flirting with its long-term trend support. The largest cryptocurrency broke below the bullish trend channel, which carried it higher during the past decade. Technically oriented traders could sell into the falling market once they judge the trend break as confirmed. Hence, …

The negative news keeps on coming in for the housing sector. That’s no surprise, given the recent surge in mortgage rates. Pictet’s construction activity has been dropping sharply recently. The index is a composite gauge of actual US construction activity. It leads home prices by roughly one year historically. The index signals that the decline …