Federal Reserve Stabilizes Unemployment Rate, Easing Urgency for Rate Cuts
- Unemployment Rate Stability: The Federal Reserve reports that the unemployment rate remains stable at 4.6%, slightly up but historically low, alleviating market concerns about the urgency for immediate rate cuts and indicating relative economic stability.
- Cautious Monetary Policy: The Fed adopts a cautious stance, recently raising the federal funds rate by 25 basis points, reflecting attention to current macroeconomic trends, which may lead to moderate rate adjustments in the coming months.
- Market Optimism: Market analysts express cautious optimism regarding the Fed's strategy, believing that the stable unemployment rate will influence expectations in both traditional and cryptocurrency markets, particularly affecting trading volumes and asset allocations for Bitcoin and Ethereum.
- Liquidity Expansion Delay: Financial implications suggest a potential delay in aggressive liquidity expansions, impacting dollar liquidity and risk premiums, with markets anticipating more moderate monetary policy adjustments ahead.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00256 | 0.0161 | 0.0264 | 0.0399 | 0.0502 | 0.0637 | 0.074 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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