The United States on Monday restored sanctions targeting Iran’s oil, banking and transportation sectors and threatened more action to stop its “outlaw” policies, steps the Islamic Republic called economic warfare and vowed to defy. The measures are part of a wider effort by U.S. President Donald Trump to curb Tehran’s missile and nuclear programs and […]
October was a brutal month not only for the U.S. IT-Companies. Crude oil prices also had significant and important shifts. After renewing the 4-year highs, Brent Crude Oil has lost more than 16% to date. By the beginning of October, its rally had been the strongest in more than 6 years, according to the RSI […]
For anyone concerned about bitcoin losing another 4 percent in October to post its third straight monthly loss, it’s worth comparing that loss to those seen by traditional financial markets. By standard measures, last month was the worst on Wall Street since the 2008 financial crisis. The Nasdaq lost 9.2 percent, the Dow Jones Industrials, […]
NZDCHF broke resistance area Further gains are likely NZDCHF continues to rise inside after the earlier breakout of the resistance area lying between the resistance level 0.6650 (former support from July), daily up channel from September, 100-day moving average and the 38.2% Fibonacci correction of the previous downward impulse from April. The breakout of this […]
Natural Gas broke key resistance level 3.330 Further gains are likely Natural Gas opened this week with the upward gap which broke through the powerful resistance level 3.330 (which stopped the two previous waves (iii) and (b) in October – as can be seen below). The breakout of this resistance level continues the active short-term […]
Dash on Sunday surged as much as 13 percent against the US Dollar as supposed stablecoin tether (USDT) lost over 4 percent of its value. The DASH/USD pair closed yesterday at 155.90-fiat while continuing to its slow upside momentum. Today’s Asian session witnessed the pair erasing its recent gains and forming intraday lows towards 152.78-fiat. […]
Major cryptocurrencies including Ethereum, Bitcoin Cash, and Litecoin have increased by more than 5 percent in value over the last 24 hours. The cryptocurrency market has started to demonstrate signs of recovery, as the daily trading volume of large digital asset trading platforms has increased over the past week. Bitcoin Cash in specific has seen […]
After the best week in years for a number of Asian stock markets — following the worst month in years for many — the region’s equities traded on a down note Monday amid profit-taking after surges late last week. Japan’s Nikkei NIK, -1.55% closed down 1.5% after its best week since mid-2016, following Friday’s declines […]
Despite the rebound of last week, which allowed key indices to bounce off the recent lows, the financial markets remain cautious. A new wave of pressure on Friday was spurred by the U.S. labour market report. The data for October showed growth of employment by 250K and acceleration of wage growth up to 3.1% yoy […]
Over the past 24 hours, the valuation of the crypto market has remained at $205 billion, mostly due to the stability of Bitcoin at $6,350. The gap between BTC/USDT (Tether) and BTC/USD has declined to around $50, with the Bitcoin-to-Tether pair being traded with a $50 premium. The announcement of Tether LLC’s new partner bank […]
We saw a very strong employment report from the United States, which naturally caused an increase in demand for the Dollar. Although this growth is still very modest (almost an hour USDX added just 0.2%), it is worth paying attention that the American economy with payrolls increase by 250K in October retains the trend growth […]
As the Bitcoin continues to trade sideways near $6,300, leading commentators declare they are “pleasantly surprised” with the market stability simultaneously changing their forecasts from “20k per BTC” by the end of 2018 to another 18 months of a bearish trend (BitMEX). It seems that now it is really very difficult to determine the future […]
Palladium reversed from support area Further gains are likely Palladium recently reversed up sharply from the support area lying between the key support level 1060.00 (which has been reversing the pair from the start of October) and the 38.2% Fibonacci correction of the previous sharp impulse wave from September. The upward reversal form the aforementioned […]
GBPUSD rising inside corrective wave 2 Further gains are likely GBPUSD continues to rise inside the sharp short-term corrective wave 2, which started earlier from the support area lying between the strong support level 1.2700 (which stopped the sharp downtrend in the middle of August) and the lower daily Bollinger Band. The price earlier broke […]
There is a rapidly growing interest in bitcoin and other cryptocurrencies among institutional investors while there seems to be lethargy in the number of retail buyers operating within the space. As such, bitcoin and altcoins now constitute a new institutional investment class since 2017, according to new research from major US bank Morgan Stanley. In […]
The oil market has had nearly six months to assess the possible effect of U.S. sanctions on Iranian oil exports. Surprisingly, the prospect of significantly tighter global supplies has resulted in lower prices. President Donald Trump announced on May 8 that he would end the participation of the United States in the Joint Comprehensive Plan […]
Asian stock markets jumped in early trading Friday, reflecting investor relief about upcoming trade talks between China and the U.S., as well as the dollar‘s gains against a basket of major currencies including the yen. President Donald Trump on Thursday said he had a good talk with Chinese President Xi Jinping, and that trade talks […]
Chinese equities are developing a rebound on Friday, supported by the hopes for progress in China and the US trade negotiations. The telephone conversation between the leaders of two major world economies has shown that there is still an opportunity to settle trade disputes. Asian indices have added more than 4% since the beginning of […]
Platinum broke resistance area Further gains are likely Platinum recently broke through the resistance area located between the strong resistance level 848.00 (which has been reversing the price from July) and the resistance trendline of the daily up channel from August. The breakout of this resistance area accelerated the active short-term impulse wave (C) – […]
NZDJPY broke resistance area Further gains are likely NZDJPY recently broke above the resistance area located between the strong resistance level 74.30 (top of the previous impulse wave 1 from October) and the 61.8% Fibonacci correction of the previous downward correction from last month. The breakout of this resistance area accelerated the active short-term impulse […]
Bitcoin prices and trading volume might keep plummeting, and the current bear market could last another 18 months. That’s the sobering assessment of Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX), the world’s largest bitcoin derivatives trading platform. Hayes started trading crypto full-time in 2013 after losing his job as an equities trader […]
The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia, but analysts warned the worst was yet to come. In a sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a slowdown in […]
American markets added on Wednesday, finishing the last trading session of October by a growth of 1.1% on S&P500 and 1.0% of DJI. However, October became the worst in the last 10 years, causing a decline of major U.S. indices by more than 7%. On Thursday morning, the markets show mixed dynamics. Futures on S&P500 […]
Ripple’s XRP was among the best performing cryptocurrencies in September. But the bullish sentiment hasn’t sustained well this month. The XRP-to-USD pair has recorded a 24 percent monthly loss as October heads to a close, falling from 0.5831-fiat to 0.4400-fiat. The coin got sold off to the tune of over $7 billion, despite being surrounded […]
GBPCAD reversed from support area Further gains are likely GBPCAD recently reversed up from the support area between the strong support level 1.6600 (which has been reversing the price form the end of last year) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier short-term (C)-wave, which belongs […]
Silver broke support area Further losses are likely Silver recently broke through the support area located between the key support level 14.40 (low of the previous impulse wave 1) and the support trendline of the daily up channel from August. The breakout of this support area continues the active short-term impulse wave 3 – which […]
Ripple’s New Chief Market Strategiest, Cory Johnson, is certainly a known quantity in the traditional financial world. He co-founded TheStreet.com with CNBC’s Jim Cramer – that guy who’s always freaking out over charts and events on Wall Street – and worked with a number of different start-ups over the years before eventually finding himself at […]
Seven years ago, Marshall Hayner gave his grandfather one bitcoin, worth about $30. On the paper wallet he fashioned to commemorate the gift, the U.S. entrepreneur and software developer wrote: “Do not open until $100,000.” Bitcoin on Wednesday celebrates ten years since Satoshi Nakamoto, bitcoin’s mysterious founder, released a whitepaper outlining the need for an […]
An official gauge of China’s factory activity dropped to a 27-month low in October as escalating trade tensions with the U.S. continued to weigh on sentiment, especially smaller firms’. The official manufacturing purchasing managers’ index dropped to 50.2 in October from 50.8 in September, data released by the National Bureau of Statistics showed Wednesday. The […]
On Wednesday morning stock markets are developing a rebound. However, the currency markets still demonstrate a demand for dollar. Futures on S&P500 have added 0.3% after the growth by 1.9% the day before. Japanese Nikkei225 has grown by more than 1% after 3.2% in the “green zone” the day before. Key Chinese indices are also […]
