Since December 17, within four days, the Bitcoin price recovered from $3,181 to $4,073 by 28 percent on most major fiat-to-crypto exchanges. But, on a 30-day basis, the value of the dominant cryptocurrency still remains down about nine percent from $4,400 and still has to surpass resistance levels above the $4,400 mark to confirm a […]
NZDJPY broke the support zone Further losses are likely NZDJPY recently broke the support zone lying between the key support level 75.50 (former resistance from September) and the 50% Fibonacci correction of the previous sharp upward impulse form October. The breakout of this support level should continue the active short-term impulse wave 3 of medium-term […]
Cotton broke multi-month key support level 75.30 Further losses are likely Cotton today broke through the multi-month support level 75.30 (which has been steadily reversing the price from the middle of February – as can be seen from the daily Cotton chart below). The breakout of this support level should accelerate the active short-term impulse […]
Bakkt‘s Bitcoin (USD) Daily Futures Contract, the physically-settled daily futures contract, is quite close to getting the green light from the authorities, according to reports on the Wall Street Journal (WSJ). The exchange has been working with the Commodity Futures Trading Commission (CFTC) to ensure its business plan is compliant with the agency’s regulatory framework. […]
On December 19, FxPro became the International Investor Award Winner and was named the “Most Reliable Broker of the Year (Global Markets)”. This status is definitely confirmed by the worldwide traders’ trust: more than 870,000 client accounts are opened with FxPro up to date. The Award was established by the respected “International Investor” Magazine. It […]
Global markets continue to lose its positions. Overnight Nasdaq Index was one step away from the bear market threshold, at one point losing more than 20% from the peak values reached in October. S&P500 lost 1.6% on Thursday. The futures for index losing another 0.2% on Friday morning, although it is trading somewhat higher than […]
This week may will be remembered for a reverse of crypto market to some optimism. Bitcoin has managed to get support at $3,300. Purchases are gradually gaining momentum, that allowed the price to exceed the $4,000 threshold. Needless to say that the BTC rebounds after an excessive oversold earlier. In addition, a very positive sign […]
The Fed raised the key interest rate as widely expected. But despite the fact that most of the market participants were ready for this scenario, the surprises could not be avoided. The greatest influence on the dynamics of EURUSD, and the entire dependent market as a whole, was provided by Powell’s comments and forecasts for […]
Brent Crude Oil broke support area Further losses are likely Brent Crude Oil recently broke through the support area lying between the support levels 60.00 and 57.00, 61.8% Fibonacci correction of the previous weekly upward impulse from the middle of 2017 and the weekly support trendline from the start of 2016. The breakout of this […]
NZDCHF broke support area Further losses are likely NZDCHF recently broke through the support area lying between the key support level 0.6750 (which stopped the previous short-term correction (iv) in November), 38.2% Fibonacci correction of the previous upward impulse from October, support trendline of the daily up channel from September and the 200-day moving average. […]
Stocks dropped in Europe and Asia on Thursday as investors expressed concern about a lack of relief from the Federal Reserve’s monetary tightening. U.S. equity futures trimmed a decline, the dollar slumped and the yen jumped. The sell-off that began Wednesday with Fed Chairman Jerome Powell’s downplaying of the implications of market volatility, and his […]
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth The central bank said the U.S. economy has been growing at a strong rate and the job […]
EURNOK rising inside sharp impulse wave (3) Further gains are likely EURNOK rose sharply in the last few trading sessions – breaking through the two successive powerful resistance levels – 9.8750 (monthly high from February) and 9.800 (monthly high from September). The breakout of these resistance levels strengthened the bullish pressure on EURNOK – which […]
Gold broke key resistance level 1250.00 Further gains are likely Gold today broke through the key resistance level 1250.00 (which stopped the price at the start of December, as can be seen below). The breakout of the resistance level 1250.00 should accelerate the active impulse wave 3 which previously reversed up with the daily Japanese […]
Starting with the next week, markets will be switching to a holiday trading schedule. Please, take a look at the changes in trading of various financial instruments (GMT +2): https://www.fxpro.com/trading-tools/market-holidays Please, be aware that whenever a specific market is closed, deals with the instruments that are traded on it are not possible. The instruments that […]
In the last 24 hours, the Waves token has soared in price by almost 50%. Over the week, the rate jumped by almost 116%, cryptocurrency trading volumes grew by almost 340% over the past few days, reaching $ 102 million. For the past one week Waves price has been successfully coasting the green line amidst […]
American markets remained under pressure on Tuesday. S&P 500 has updated October 2017 lows, increasing losses from the start of the month to 10%. The dollar index on the decline for the 3rd day in a row amid rumors that the Fed will raise the rate, but would drastically soften its forecasts for monetary policy, […]
According to the International Monetary Fund (IMF), the global debt has achieved $184 trillion with $86,000 per person, a figure that is twice larger than the global average income per-capita. Out of the $184 trillion, The Balance reported that $21 trillion comes from the U.S., making up for around 11.4 percent of the global debt. […]
WTI broke through the support level 50.00 Further losses are likely WTI today broke through the powerful round support level 50.00 (which has been steadily reversing the price from October of 2017 – as can be seen below). The breakout of the support level 50.00 accelerated the active medium-term impulse wave (3) – which belongs […]
• GBPNZD reversed from resistance area • Further losses are likely GBPNZD recently reversed down from the resistance area lying between the pivotal resistance level 1.8600 (former strong support from January and November) and the 50% Fibonacci correction of the previous sharp downward impulse 1. The downward reversal from this resistance area created the daily […]
Over the past 24 hours, Bitcoin adds more than 8% and trades around $3,500, showing the strongest rebound in the latest 3 weeks. Along with the growth of the BTC price, trading volumes are also growing, which confirms the serious mood of buyers. Together with the benchmark cryptocurrency, as always, the entire altcoin market has […]
Teen crypto star Erik Finman has said Bitcoin (BTC) “may have a bull market or two left in it,” but that “long-term, it’s dead,” in an interview with financial news site MarketWatch on Dec. 17. Finman is famous for his precocious investment in Bitcoin back in 2011, when he reportedly bought in — at the […]
Key US indices lost more than 2% on Monday, so the S&P500 closed at the lowest levels since November. It is also worth to note the sales prevalence in the last few hours of the American session: with rare exceptions, we have seen such a dynamic since previous month. Primarily, this is due to a […]
Cryptocurrency bull Tom Lee says bitcoin’s dismal price of roughly $3,400 is wrong because its actual fair market value is $13,800 to $14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. “Fair value is significantly higher than the current price of […]
Platinum reversed from resistance level 805.00 Further losses are likely Platinum recently reversed down from the pivotal resistance level 805.00 (former support from the end of September). The downward reversal from this resistance level started the active medium-term impulse wave (3), which belongs to the longer-term downward impulse sequence from the start of November. Platinum […]
AUDCHF reversed from resistance area Further losses are likely AUDCHF recently reversed down from the resistance area lying between the key resistance level 0.7180 (former support from the middle of November) and lower trendline of the recently broken daily up channel from September (acting as resistance after it was broken). The downward reversal from this […]
Cameron and Tyler Winklevoss, early bitcoin investors and founders of the Gemini crypto exchange, don’t seem to be deterred by the current market slump. In fact, speaking to Bloomberg recently, Tyler Winklevoss said, “We’re totally at home in winter.” The twins confirmed they are pushing ahead with their firm’s plans, including a new mobile application, […]
Asos Plc plunged the most in 4 1/2 years after warning that its Christmas shopping season got off to a disastrous start, showing that Europe’s retail apocalypse is spreading from bricks-and-mortar stores to e-commerce. The gloomy update from an online retailer that competes with Amazon.com Inc. and has furnished fashions to the likes of Meghan […]
World markets were under pressure at the start of the week, due to concerns around world growth. In our view, there are more reasons to worry that the positive US statistics will not allow the Fed to soften its policy as markets expect. The November’s Retail Sales, published on Friday, were marked by 0.2% increase […]
The most important upcoming events and publications for December, 17 (GMT): 10:00 EU Consumer Price Index rarely causes a big surge on the EUR volatility. However, last few weeks, markets have focused on regional data, as it can shed light on the ECB’s rate policy. 11:00 U.K. CBI Industrial Orders is expected to indicate a […]
