In the past seven days, the valuation of the crypto market has dropped from $117 billion to $102 billion, by just over $15 billion. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) performed poorly against the U.S. dollar, experiencing losses above the 10 percent mark. Out of the three most valuable crypto assets […]
Bitcoin is gradually losing ground. Now the benchmark cryptocurrency is hanging around $3,500 but it is increasingly sophisticated to stay there. On Friday morning, the benchmark cryptocurrency is trading at around $3,300, weakening support around this level could result in a new sale. And in this case, there is a high probability that the BTC […]
Silver reversed from resistance area Further losses are likely Silver today 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 50% Fibonacci correction of the downward impulse from July. The downward reversal from this […]
AUDUSD broke support level 0.7200 Further losses are likely AUDUSD continues to fall inside the medium-term ABC correction (B) – which started earlier from the resistance area lying between the key resistance level 0.7380 (which also reversed the price in August), 200-day moving average and the upper daily Bollinger Band. The pair today broke the […]
The weak data from China is putting pressure on the world markets since Friday morning, but it is worth mentioning that even before that, on Thursday evening, the American markets has turned downward, reflecting investors uncertainty in economic prospects. Recent data from China noted the lowest growth rate of retail sales since 2003. Industrial production […]
On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11 […]
Janet Yellen is worried about the next financial crisis and told a small, intimate audience at an event Wednesday night in Washington, D.C., that her biggest concerns were the potential for reversal of financial safeguards put in place after the crisis and growing corporate debt. One of the most important questions she and her colleagues […]
Asian shares tumbled on Friday after China reported a set of weak data, fanning fresh worries of a slowdown in the world’s second-biggest economy and leaving investors fretting over the wider impact of a yet unresolved Sino-U.S. trade dispute. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3 percent. Japan’s Nikkei, also dragged down […]
While Bitcoin is crashing, Andy Cheung, head of operations at OKEx exchange predicts Bitcoin to hit higher than $20,000 next year. However, he is more bullish on Ethereum development which has its hard fork coming in January. Bitcoin is currently trading at about $3,400, down more than 82 percent from its all-time high (ATH) in […]
Natural Gas reversed from support area Further gains are likely Natural Gas continues to rise after the earlier upward reversal from the support area lying between the round support level 4.000 (which has been reversing the price from the middle of November), 38.2% Fibonacci correction of the upward impulse from September and the lower weekly […]
GBPCHF reversed from support area Further gains are likely GBPCHF recently reversed up from the combined support area lying between the major support level 1.2500 (which stopped the previous impulse wave (1) with the daily Morning Star) and the lower weekly Bollinger Band. If the price closes today near the active levels it will form […]
Over the past 48 hours, the Bitcoin price has stabilized at around $3,400 after dropping to a new yearly low at $3,210 on December 7. On a weekly basis, Bitcoin (BTC) is up six percent from $3,210 to $3,400 but the cryptocurrency market has lost $14 billion of its valuation against the U.S. dollar mostly […]
The demand for risky assets is gradually recovering, supported by the US-China’s “trade truce” which is not in hurry to ends. Futures on S&P500 rose by 0.4% this morning, after growth by 0.8% the day earlier. The Shanghai A50 is growing by more than 2% in hope of Chinese government stimulus. Positive dynamics of stock […]
The most potential use case of bitcoin today is the store of value. But an analyst thinks otherwise. Stephen Innes, head of Asia Pacific trading at Oanda, a New York-based forex firm, believes that the world’s leading digital currency is due for another drop because it hasn’t provided the world a “significant use-case” yet. The […]
EURGBP reversed from resistance area Further losses are likely EURGBP recently reversed down sharply from the key resistance area lying between the resistance level 14.80 (multi-month high from the end of August), 61.8% Fibonacci correction of the previous downward trend from August of 2017 and the upper daily Bollinger Band. The downward reversal from this […]
Silver rising inside short-term impulse wave (c) Further gains are likely Silver continues to rise inside the short-term impulse wave (c), which belongs to the medium-term ABC correction 4 from the middle of November. The active wave 4 started recently from the major support level 14.00 (which has been steadily reversing the pair from the […]
Global markets are on the rise on Wednesday, adding more than 1.2% on the MSCI Asia ex Japan index. Japanese Nikkei jumped by 2%. Chinese stocks behave more carefully: Hang Seng grows by 1.1%, China A50 is up only by 0.2%. Futures on S&P 500 add 1% to the closing levels of the previous day. […]
According to cryptocurrency intelligence firm CipherTrace’s Q3 Cryptocurrency Anti-Money Laundering report, as of quarter-three, 2018, cryptocurrency thefts had already reached $927 million. The blockchain cybersecurity professionals identified theft and hacks at platform layers and exchanges to be a major problem, evolving further from its Q2 findings. In the CipherTrace second-quarter report, the company identified that […]
Palladium reversed from support level 1140.00 Further gains are likely Palladium recently reversed up from the support level 1140.00 – strengthened by the support trendline of the daily up channel from August and by the 50% Fibonacci correction of the previous impulse wave (i). The upward reversal from the support level 1140.00 started the active […]
• NZDUSD reversed from key support level 0.6800 • Further gains are likely NZDUSD recently reversed up from the key support level 0.6800 (former strong resistance from July and November – acting as support after it was broken by the previous upward impulse 1). The upward reversal from this support level started the active short–term […]
“Final vote on Brexit will take place on Tuesday in the House of Parliament.” We were sure of that yesterday. But something went wrong, and U.K. Prime Minister Theresa May postponed the final vote on Brexit draft plan. The reason is simple: she realized that the document in the current form won’t be accepted. She […]
The British currency fell to a 20-month low on Monday, after Theresa May had postponed an important vote for the Brexit plan. GBPUSD was lowered to 1.2500 and EURBGP course jumped to 0.9080. At the time of writing, the pound departed from earlier extremums and was traded near 1.2610. At the same time, the British […]
A series of incredibly large Bitcoin transfers totaling about $2.9 billion have been traced to a single source: Coinbase. Chinese crypto outlet 8BTC says the movement of nearly 850,000 BTC came from the leading US crypto exchange, which posted a “Notice of Blockchain Movements” on November 29th. “Over the next seven days, Coinbase will be […]
Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering worries over the U.S.-China trade dispute. The Dow Jones Industrial Average DJIA, +0.14% rose 34.31 points, or 0.1%, to end at 24,423.26, while the S&P 500 SPX, +0.18% gained 4.64 points, […]
Executives from both China and the U.S. are becoming increasingly wary of traveling after Huawei’s chief financial officer was arrested this month in Canada. The Dec. 1 arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co., has Chinese business people worried they could be next while Americans are growing concerned about retaliation. Meng […]
Recently, Sirin Labs, an initial coin offering (ICO) project that raised $158 million during the bull market of 2017, made the headlines for its controversial pivot from a hardware-based business model to supplying software to mobile phone manufacturers. According to a report released by Bloomberg, nearly a year since the ICO, the company has not […]
Corn broke resistance area Further gains are likely Corn recently broke through the resistance area lying between the key resistance level 380.00 (which has been reversing the price from the middle of October) and the resistance trendline of the wide daily up channel from July. The breakout of this resistance area accelerated the active short–term […]
GBPUSD broke multi-month support level 1.2700 Further losses are likely GBPUSD today broke through the strong, multi-month support level 1.2700 (which has been steadily reversing the price from the middle of 2017 – as can be seen from the weekly GBPUSD chart below). The breakout of the support level 1.2690 continues the active medium-term impulse […]
Crypto market has lost not just a huge amount of capitalization and trading volumes, but also the faith of investors and enthusiasts. Do, for the December, 7 we have huge “crowd of losers” among the Coins. Let’s start from those who are looking more promising against the rest: 1 – XRP This cryptocurrency provides an […]
December, 11 at 19:00 UK time The UK House of Commons will make a final decision for or against Theresa May’s Brexit deal. Foremost, the courses of GBPUSD, EURGBP, EURUSD, UK Indices and UK Shares will be affected. Due to this, pay attention, that: 1. Margin requirements for EU Indices will increase to 2% from […]
