Oil prices jumped more than 1.5 percent on Monday after top exporter Saudi Arabia announced a supply cut in December and other producers also considered reductions heading into 2019. Front-month Brent crude futures LCOc1, a benchmark for global oil prices, were at $71.59 per barrel at 0749 GMT, up 2 percent from their last close. […]
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting […]
The American dollar has been showing growth during the last four weeks, managing to return to the annual highs area. After all, it had closed the Friday session at the highest level in 16 months. Despite the drawdown at the beginning of the week, caused by the traditional pressure on the currency due to pre-election […]
Over the last 48 hours, since November 7, the global crypto market has lost $6 billion of its valuation as it dropped from $220 billion to $214 billion, while Bitcoin remained stable. On November 6, major cryptocurrencies including Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH), Stellar (XLM), and Cardano (ADA) recorded large gains in the […]
Major cryptocurrencies show a decline of about 1% at the end of the week, however, based on the results of 7 days they are still in positive territory: Ethereum (ETH) adds a little less than 7%, XRP grew by more than 11%, Bitcoin Cash (BCH) raised more than 35 %. Among non-Top 10 ZCash (ZEC) […]
Copper reversed from resistance area Further losses are likely Copper has been falling in the last few trading sessions after the earlier downward reversal from the resistance area lying between the strong resistance level 282.00 (which has been reversing the price from August) and the upper daily Bollinger Band. This resistance area was further strengthened […]
GBPJPY reversed from resistance area Further losses are likely GBPJPY continues to fall after the recent downward reversal from the resistance area lying at the intersection of the multi-month resistance level 149.30 (which has been reversing the price from May), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from […]
US indices have rapidly risen after the US elections, allowing to dismiss the decline in October. The Thursday-Friday correction does not look so scary now, as long as the S&P500 remains above the 200-day average The US dollar has also returned to the growth after a slight hitch against most competitors, as the US Fed […]
Over 90 percent of UK residents have now heard of Bitcoin and up to 9 percent of some demographics own it, an upbeat new survey revealed November 7. The findings by market research agency YouGov paint a surprisingly positive picture of consumer attitudes towards the largest cryptocurrency, coming despite a year-long bear market and associated […]
European stocks slid, following a retreat in Asia, amid growing concerns about a slowdown in China and policy makers’ steps to address it. The dollar advanced as the Federal Reserve stayed on track for a December rate hike. Mining and energy shares led a drop in Europe’s main equity gauge after crude oil entered a […]
Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions. Seven industry sources told Reuters that Western oil majors and trading houses have clashed with Russia’s third and fourth biggest producers, Gazprom […]
The US dollar has turned to growth this week following its previous decline in uncertainty. First of all, the risks of unpleasant surprises due to the elections are now gone and the results were close to predictions. Often, subsequent to elections, the currency and stock market of the country experiences some upswing, which was also […]
U.S. stocks pulled back from near a one-month high as traders awaited the results of a Federal Reserve policy meeting in Washington. Benchmark Treasury yields dipped while the dollar edged higher. Tech shares underperformed after Jack Dorsey’s Square Inc. gave a disappointing earnings forecast and Roku Inc. reported slower growth. European stocks pared an earlier […]
Silver reversed from resistance zone Further losses are likely Silver recently reversed down from the resistance area lying between the key resistance level 14.80 (which has been reversing the price from the start of October), upper daily Bollinger Band and the resistance trendline of the daily up channel from September. The downward reversal from this […]
AUDCHF broke resistance zone Further gains are likely AUDCHF continues to rise after the recent breakout of the resistance area lying at the intersection of the pivotal resistance level 0.7270 (former multi-month support level) and the resistance trendline of the daily up channel from September. The breakout of this resistance zone should accelerate the active […]
There was a positive reaction of the stocks on Wednesday, gaining momentum during the day. As a result, the U.S. main indices held an impressive rally with a growth by more than 2%. The dynamics of the American dollar was not a one-way street. Following the initial decline due to the recovery of demand for […]
In May 2017, a college student based in the US invested $5,000 in Ethereum (ETH), when the digital asset was worth around $50. Within merely months, the price of ETH skyrocketed from $50 to $1,281 at its peak, as the cryptocurrency market achieved a valuation of $800 billion. With a base return of 25-fold, having […]
China reported stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, seeking to beat higher tariff rates due to kick in at the start of next year. Import growth also defied forecasts for a slowdown, suggesting Beijing’s efforts to cushion the cooling economy may be slowly starting to […]
Oil prices fell on Wednesday, continuing their recent slide after surging U.S. crude output hit another record and domestic inventories rose more than expected. In early trade, prices had risen after a report that Russia and Saudi Arabia are discussing whether to cut crude output next year. Then the U.S. Energy Information Administration reported that […]
Brent Crude Oil reversed from support zone Further gains are likely Brent Crude Oil recently reversed up from the support zone lying between the pivotal support level 71.40 (which has been reversing the price from June), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward price trend from February. The upward […]
NZDUSD broke resistance zone Further gains are likely NZDUSD continues to rise after the earlier breakout of the resistance zone located between the key resistance level 0.6700 (top of wave 4 from September) and the 61.8% Fibonacci correction of the previous downward impulse from July. The breakout of this resistance zone accelerated the active impulse […]
Bitcoin market dominance has fallen to a monthly low of just over 51% of the overall market capitalization while Ripple and Bitcoin Cash have both rallied multiple percentage points over the past week. Bitcoin’s overall value in the cryptocurrency market is an important barometer in the progress of the space as a whole. If Bitcoin […]
Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing some dollar weakening. It should be noted that market movements are very moderate. The dollar index sank by 0.2%. Futures for S&P500 has added about the same amount. The Democrats got control […]
U.S. stock futures held onto gains on Tuesday after media projections showed the Democrats winning control of the House of Representatives in U.S. midterm congressional elections. With President Donald Trump’s Republican party holding onto their majority in the Senate, according to CNN, NBC and ABC News, the results were in line with expectations on Wall […]
Preliminary estimates of the U.S. election results support a positive mood on the world markets, reducing the demand for protective assets and causing some dollar weakening. It should be noted that market movements are very moderate. The dollar index sank by 0.2%. Futures for S&P500 has added about the same amount. The Democrats got control […]
Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would reimpose sanctions on Tehran, but with waivers in hand the Islamic Republic’s major buyers are already planning to scale up orders again. The original aim of the sanctions was to cut Iran’s oil exports as much as possible, to […]
Gold reversed from support area Further gains are likely Gold continues to rise inside the short-term impulse wave (iii), which started previously from the support zone located between the key support level 1200.00 (former resistance from August and September), 50-day moving average and the 38.2% Fibonacci correction of the previous upward impulse from August. This […]
• AUDCAD reversed from support area • Further gains are likely AUDCAD continues to rise inside the weekly upward impulse wave – which started previously – when the price reversed up sharply from the major support area lying between the multi- support level 0.9200 and the lower monthly Bollinger Band. The upward reversal from this […]
The upcoming midterm elections have attracted the financial markets attention, as they can give an answer to the question of whether the American people will continue to support Trump. A potential victory of the Democratic Party could seriously undermine the president’s initiatives. The President, who is severely restricted in his legislative initiatives, is called “lame […]
fter exploring XRP as a base currency, Canadian CoinField exchange has finally launched its platform with 20 XRP-based crypto pairs in 61 countries worldwide. It also shared details about its referral program that rewards 10 XRP. XRP as Base Currency Gaining Traction In late September, CoinField Exchange has been exploring XRP as its base currency. […]
