Important upcoming events and publications (GMT): 06:30 Bank of Japan press conference may cause volatility in pairs with #JPY, if Chairman Kuroda hints at monetary policy changes. 10:00 Eurozone consumer price index is able to influence the dynamics of #EUR, as the markets are keeping on eye closely inflation trends. The important news was the […]
GBPAUD broke support area Further losses are likely GBPAUD recently broke through the support area lying at the intersection of the round support level 1.8000 (monthly low from September) and the 50% Fibonacci correction of the previous sharp upward correction from August. The breakout of this support area should accelerate the active short-term impulse wave […]
Copper broke key support level 271.50 Further losses are likely Copper recently broke through the key support level 271.50 (which has reversed the price multiple times from the start of October). The breakout of the support level 271.50 continues the active short-term impulse wave C – which started previously from the powerful resistance level 285.00 […]
In addition to a critical psychological BTC level around $6K, investors keep in mind another important threshold: a total capitalization at around $200 billion. From mid-August, both figures on charts look like a heartbeat of a recently deceased organism. First, a consistent and sharp decline of vital activity (correction from the beginning of 2018), then […]
Over the past 24 hours, Bitcoin has lost 2 percent of its price against the US dollar, dipping below the $6,300 mark to $6,250. While cryptocurrency-only exchanges are demonstrating a price of $6,350 for Bitcoin due to the premium on BTC-to-USDT (Tether) pair, the actual price of Bitcoin remains at around $6,256. The volume of […]
U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible. “I think that we will make a great deal with China and it has to be great, because […]
American indices were again under pressure at the end of the day, rewriting minimums from May to index S&P500 According to the results of the day losses amounted to 0.7%, although the amplitude of fluctuations remains elevated, reaching 3.8% in just a few hours. Spreading fixation of profit has put the quartet FANG (Facebook, Amazon, […]
Important upcoming events and publications (GMT): 8:55 The number of unemployed in Germany has been almost continuously decreasing for more than 4 years. This trend changing can have an impact on EUR, and weak data can undermine confidence in the economic prospects of the Eurozone, where Germany remains the growth engine. 10:00 The first estimate […]
Privacy-focused Zcash, currently worth just over $110 per coin, has completed a network upgrade dubbed “Sapling” that it says will vastly improve transaction speed as well as reduce the actual size of transactions themselves. Zcash hopes that this will make mobile and other types of transactions more common and feasible on the network, saying it […]
USDCHF rising inside impulse wave 3 Further gains are likely USDCHF has been rising in the last few trading sessions inside the short-term impulse wave 3, which started earlier from the strong support level 0.9850 (which reversed the price multiple times in June and July). The active impulse wave 3 belongs to the medium-term impulse […]
Sugar reversed from key resistance area Further losses are likely Sugar recently reversed down from the key resistance area lying at the intersection of the strong resistance level 14.00 (monthly high from February) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier medium-term impulse wave (C) – which […]
Oil prices fell on Monday, as concern over the global economy put crude on track for its biggest monthly fall since mid-2016. Brent crude oil futures LCOc1 were down 34 cents at $77.28 a barrel at 1005 GMT, while U.S. crude futures CLc1 fell by 30 cents to $67.29. Even with U.S. sanctions on Iranian […]
The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being among the best-remunerated in the tech sector. According to CNBC, the average pay for blockchain engineers in the United States is between US$150,000 and US$175,000 making it comparable to what developers who specialize in […]
Asian stock markets gave up an early lead on Monday, with Chinese stocks leading the declines, amid worries about U.S.-China trade relations and continued tech-stock weakness on Wall Street. Down from the start of trading, the Shanghai Composite dropped 2.4% and the smaller-cap Shenzhen Composite 399106, -2.02% fell 0.7%. Hong Kong stocks joined regional peers […]
Global markets continue to slide down. Investors buy back a significant part of the drawdown, but the trend for decline is still in force. On Monday morning, the Heng Seng loses 0.4%, although it remains above Friday’s intraday lows. The Shanghai index of the 50 largest companies in China A50 fell by 4% to the […]
The world’s wealthiest individuals saw their collective wealth rise to record levels last year, with self-made tech billionaires living in China seeing some of the largest gains. According to an annual report published jointly by UBS and PwC, the combined wealth of the world’s 2,158 billionaires rose to $8.9tn in 2017 — up 19% on […]
Gold broke resistance area Further gains are likely Gold continues to rise after the earlier breakout of the resistance area lying at the intersection of the strong resistance level 1230.00 (which reversed the price twice in July) and the 50% Fibonacci correction of the previous sharp downward impulse from June. The breakout of this resistance […]
AUDJPY reversed from key support area Further gains are likely AUDJPY today reversed up from the key support area lying at the intersection of the strong support level 78.730 (which stopped the extended downtrend in September) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier short-term impulse wave […]
The cryptocurrency market and Bitcoin in particular did not respond to the stocks indexes negative dynamics. At the moment it turns out that cryptocurrencies demonstrate greater stability than some of the world’s largest companies, that’s why BTC could attract some of the safe-haven demand. About a year ago stock markets correction spurred cryptocurrency rates growth. […]
As 2018 rolls on, investors are eyeing multiple possible catalysts that could send prices soaring across cryptocurrency markets. The desire is real; since mid-September, Bitcoin $6484.00 -0.15% managed to beat Nasdaq’s volatility record to form an unusually safe haven. WALL STREET DIPS TOES INTO BITCOIN It’s not secret that the long-awaited opening up of crypto […]
Ripple Labs has unveiled their quarterly market report, and things appear positive overall. Between its two major operations, Ripple Labs and Ripple II, which caters to institutional investors and is fully licensed, the firm moved more than $160 million in ripple (XRP). Interestingly, these sales accounted for less than half a percent of the total […]
Asian shares skidded to 20-month lows, S&P futures fell sharply and China’s yuan weakened at the end of a turbulent week for financial markets on Friday, as anxiety over corporate profits added to lingering fears about global trade and economic growth. The gloom enveloping Asia was at odds with a bounce on Wall Street overnight, […]
On stock markets, the sale of risky assets continues. S&P500 added 1.9% on Thursday, but the index futures eke out, returning to the area of lows from May. Japanese Nikkei225 loses 2% this morning, bringing the losses from the beginning of the month to 13.5%. Heng Seng fell under the 25000 mark, from which the […]
Bitcoin could end 2018 at $22,000, Fundstrat Global Investors analyst Tom Lee repeated in new predictions about the end of the cryptocurrency bear market October 19. Speaking during an interview with social media blog Crypto Tips, Lee, who is known for his bullish stance on Bitcoin in particular, highlighted the 200-day moving average price trend […]
GBPAUD broke support area Further losses are likely GBPAUD today broke sharply though the support area lying at the intersection of the key support level 1.8400 (former resistance from September), support trendline of the daily up channel from August and the 50% Fibonacci correction of the previous upward impulse from last month. The breakout of […]
Palladium reversed from long-term resistance level 1130.00 Further losses are likely Palladium continues to fall after the recent downward reversal from the major resistance area lying at the intersection of the long-term resistance level 1130.00 (which stopped the sharp uptrend in January) and the upper weekly Bollinger Band. The downward reversal from this resistance area […]
It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of […]
The sale on the U.S. stock markets was gaining momentum yesterday. DJI fell by 2.4%, S&P500 lost more than 3%, and Nasdaq plunged by 4.4% in just one trading session. Increased volatility has returned to the markets following the disappointment reports from chipmakers STMicroelectronics (-6.6%) and Texas Instruments (-8.2%). Moreover, the housing market attracts more […]
Tether Limited, the issuer of the USD-pegged USDT cryptocurrency, has destroyed 500 million units of the embattled stablecoin. Blockchain data reveals that earlier today, the firm transferred 500 million USDT from the token’s treasury address to this address, which the firm’s website indicates is the official USDT issuing address. Immediately following that transaction’s confirmation, the […]
A few short weeks ago the Dow industrials were on the verge of busting through another psychological milestone at 27,000. However, all that momentum has evaporated as a sweeping downturn grips financial markets, sending the Dow Jones Industrial Average DJIA, -2.41% tumbling more than 600 points on Wednesday and pushing the Nasdaq Composite Index COMP, […]
