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SUCCESSFUL INVESTMENT PAYOUT PROOFS TO OUR INVESTORS FOR 20TH MARCH, 2023. CONGRATULATIONS TO ALL OUR INVESTORS 👏🎉👏🎉


🎉🎉 CONGRATULATIONS 🎉🎉

USDINR: (Bias- Range bound. Range- 82.35-82.75)

Asian equity markets are moving higher and the positive mood in the markets could be due to the media report that US FDIC may consider offering a blanket guarantee to all deposits in US banks. But currently, FDIC has limited financial muscle and with that financial backing, they do not have the capacity to guarantee all deposits. However, the impact of this rumour would not last long as traders await the crucial US central bank meeting. Therefore, today we could see range-bound price action in the pair. Traders can focus on intra-day trades or scalping trades. Buying near 82.40/45 with SL below 82.30 on a closing basis. At the same time, looking to sell near 82.75/80 levels with SL above 82.90 on a closing basis. Tomorrow, Indian currency markets are shut and hence it is advisable to carry only a hedged position into Thursday's trading session.


GBPINR: (Bias- Upward drift. Range- 100.95-101.55)

Ahead of the US Fed meeting and BOE’s rate decision, we may see GBPUSD and GBPINR remain range-bound today. From Thursday onwards, BOE’s action and guidance will shape the direction of the GBPUSD and GBPINR. GBPINR is expected to open higher and then may trade within a range of 100.95 to 101.55 levels.


EURINR: (Bias- Upward drift. Range- 88.20-88.95)

Flash PMIs from the Eurozone will be an important event for Euro traders. The Swiss regulator FINMA had announced that the so-called $ 17 billion tier-one bonds of Credit Suisse, which are widely regarded as relatively risky investments, will be written to zero as part of the deal. This has made European markets nervous. But it has had no negative impact on EURUSD. For the near term, the focus remains on Fed. Ahead of that event, we expect EURINR to remain range bound between 88.20-88.85 levels.


JPYINR: (Bias- Upward drift. Range- 62.60-63.30)

With US 2-year yields sustaining below 4%, USDJPY has dropped and JPYINR has moved up. Today we could see range-bound price action in JPYINR ahead of the US Fed meeting. It is to be noted, that JPYINR is a product of USDJPY and USDINR. When USDJPY rises, JPYINR falls in value and vice versa. But when USDINR rises, JPYINR tends to rise in value.

Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.”

Economist Expects a Crash Landing

Famed economist David Rosenberg warned that the U.S. economy may be headed for a crash landing in a tweet last week. Rosenberg is the president and chief economist of Rosenberg Research. He was previously chief economist and strategist at private wealth management firm Gluskin Sheff and chief North American economist at Merrill Lynch in New York.

Sharing a chart on Twitter Thursday showing the Federal Reserve Bank of Philadelphia’s manufacturing business outlook since 1968, he wrote:

Take a good hard look at this chart and tell me we are heading into a ‘soft’ or ‘no’ landing. More like a ‘crash’ landing.


Rosenberg further noted that the Philadelphia Federal Reserve (Philly Fed) has accurately predicted recessions in the United States with 100% accuracy in the past. He wrote:

Philly Fed at a level that is 8 for 8 on the recession call and with no head fakes.

The Philadelphia Fed Manufacturing Index is based on the monthly Business Outlook Survey of manufacturers in the Third Federal Reserve District, which is home to over 13.3 million people in Delaware, southern New Jersey, and eastern and central Pennsylvania. The survey has been conducted each month since May 1968. The index in the U.S. ticked up 1 point to -23.2 in March.

Charlie Bilello, chief market strategist at wealth management firm Creative Planning, similarly explained on Twitter in February how the Philly Fed Manufacturing Index accurately predicted recessions in the past, stating:

In the past (data since 1968), every time this indicator was at or below current levels the U.S. economy was either in or approaching a recession.

A number of prominent voices in the financial industry are predicting a crash and a severe recession for the U.S. economy. Rich Dad Poor Dad author Robert Kiyosaki recently warned of a “crash landing ahead.” The “Big Short” investor Michael Burry compared the current banking turmoil to the Panic of 1907. Economist Peter Schiff expects the current financial crisis to be worse than in 2008. Meanwhile, venture capitalist Balaji Srinivasan said Friday that hyperinflation is happening now, expecting the price of bitcoin to jump to $1 million in less than 90 days.

Do you agree with economist David Rosenberg that the U.S. economy is on a trajectory toward a crash landing and a recession? Let us know in the comments section below.

➖ Yo crypto signals news ➖

💎 #LINA/USDT: #Short

✅ENTRY ZONE: 0.01315 - 0.01326

☑️Targets: 0.01288, 0.01260, 0.01235, 0.01210

🚫STOP LOSS: 0.01370

⚜️LEVERAGE Isolated 10X

#BTC/USDT ANALYSIS

BTC is holding above the long ascending trendline and the Ichimoku cloud support. Volume is quite stable in a short term.

The price is also consolidated in a symmetrical triangle. A successful breakout will target the $28500 resistance level, which is the main level for bulls to break out for the mid-term bullish confirmation.

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