Bulls and Bears – oh my!
January 14, 2021 by admin
Filed under Featured, Forex Tips
Anyone who has flicked through the financial channels on their cable TV box without really stopping to listen to what is being said will probably be occasionally confused by references to “bulls” and “bears”. These terms are common parlance in trading situations, and can be heard or read in any market analysis if you stay tuned long enough. They are not references to sports teams, nor to a traveling zoo visiting a trading floor, but rather to styles of market.
A “bull” market is, in short, a market on the rise. It is characterised by a great deal of investor confidence, which can carry on for an indefinite period of time. When a currency breaks its resistance level, it is expected to continue rising, to move with a singularity of purpose. This is much like the way a bull is characterised. Additionally, it triggers herd behavior, as more and more investors will join in and invest more. The term “bull market” is therefore a good definition of a market behaving confidently.
“Bear” markets, on the other hand, are the exact opposite of bulls. Where prices fall and the investor mood is negative, the support level may be broken and the price will continue to fall. The most common explanation for the terminology here is that when a bear attacks its prey, it tends to do so by striking downwards. For a true bear market to be declared, a majority of currencies need to fall, however a single currency can be described as behaving “bearishly”.
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In a Monday Fox Business interview, Interior Sec. Doug Burgum said the Department of Defense has “conclusively” determined that large offshore wind farms “have created radar interference that creates a genuine risk for the US,” especially “our east coast population centers.”
A Department of Defense official said it is working with Interior and other agencies to “assess the possibility of mitigating the national security risks posed by these projects” but had no additional comment.
Last year, Sweden blocked the construction of new wind farms over concerns they could interfere with military radar, amid heightened tensions between the European Union? and Russia. But experts have noted the design of wind farms can be adjusted to account for the issue, and it’s something US government officials have been aware of for decades.
Virginia Sens. Mark Warner and Tim Kaine, who serve on the Senate Intelligence and Armed Services committees, respectively, said the administration had “failed to share any new information” justifying the sudden pause.
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