World markets are starting a new week with a decline. Futures on American S&P500 sank to levels where they have not steadily been since May. Shanghai’s Stock Exchange Blue chip index A50 slid to the lows of June-November. Japanese Nikkei225 sank to its local minimums. Market reaction to weak statistics has added to anxiety around […]
After months of waiting, the hopes and dreams of ripple (XRP) investors may finally be realized — at some point in the near future, anyway. Yes, XRP fans, crypto exchange Coinbase has confirmed that it is exploring adding support for the second-largest cryptocurrency to its platform. The San Francisco-based Coinbase announced the move on Friday […]
NZDCAD reversed from resistance area Further losses are likely NZDCAD recently reversed down sharply from the resistance area lying between the through the strong resistance level 0.9220 (multi-month high from May), upper daily Bollinger Band and the resistance trendline of the weekly down channel from June of 2017. The downward reversal from this resistance area […]
Gold broke key resistance level 1.3390 Further gains are likely Gold recently broke through the key resistance level 1240.00 (former strong support from December of 2017 and last July, which was mentioned as the likely upward target in our previous forecast for this instrument). The breakout of the resistance level 1240.00 should accelerate the active […]
Overnight, the crypto market has lost about $16 billion of its valuation as it dropped from $123 billion to $107 billion. For the first time since May 2017, the Ethereum price has fallen to the $80 region, deleting all of the gains recorded throughout the bull market of late last year. The Bitcoin Cash price […]
European stocks rebounded from the worst day in more than two years and Asian shares posted modest gains as investors sought to end a bruising week on a more upbeat note. Signs of stress remained, however, as U.S. equity futures declined and Treasuries rose. The Stoxx Europe 600 Index, which on Thursday dropped the most […]
OPEC prepared for a further day of talks on oil-production curbs after a summit on Thursday ended with no deal, as Russia resisted the big output cut that Saudi Arabia was demanding. After six-hour meeting in Vienna, Saudi Energy Minister Khalid Al-Falih said he wasn’t confident of an agreement when the Organization of Petroleum Exporting […]
Since November 6, in exactly one month, the Bitcoin Cash price has dropped by 81.6 percent, from $638 to $117. Initially, in the first week of November, the price of Bitcoin Cash (BCH) had begun to rise as the anticipation towards a hard fork on November 15 increased. Because a contentious hard fork was expected […]
Platinum falling inside impulse wave (v) Further losses are likely Platinum continue to fall after the earlier downward reversal from the key resistance level 810.00 (former support level, which was mentioned as the likely downward target in our earlier report for this instrument). The downward reversal from the resistance level 810.00 started active short–term impulse […]
USDCAD broke key resistance level 1.3390 Further gains are likely USDCAD today broke through the strong resistance level 1.3390 (which stopped the previous medium-term impulse wave (5) and the sharp daily uptrend in June – as can be seen from the daily chart below). The breakout of the resistance level 1.3390 should accelerate the active […]
Chinese markets and futures for S&P500 has started trading on Thursday with a falling by about 2% after reports that Canada arrested CFO of Huawei, Chinese IT giant, with intention of extraditing her in the United States. This news sparked fears of a new spiral of tightening rhetoric between the world’s largest economies, returning the […]
European and Asian stocks dropped on Wednesday following the rout on Wall Street, though declines were contained and U.S. equity futures rose after China pledged to start delivering on trade agreements reached with America. The pound gained as traders weighed the latest on Brexit. Global markets were left reeling following Tuesday’s steep sell-off in New […]
GBPAUD reversed from support area Further gains are likely GBPAUD recently reversed up sharply from the support area lying between the lower daily Bollinger Band and the strong support level 1.7300 (low of wave (A) and multi-month low from August). The upward reversal from this support area completed the earlier short–term impulse wave 5 – […]
• Palladium broke key resistance level 1160.00 • Further gains are likely Palladium continues to rise after the earlier breakout of the key resistance level 1160.00 (which stopped the previous short-term impulse wave (i) and which was set as the likely target in our earlier forecast for this instrument). The breakout of the resistance level […]
U.S. markets on Tuesday were heavily sold, losing more than 3% on key indices. The main trigger of the decline was the dynamics of debt markets in the USA. The yield of government bonds with longer periods of circulation was lower than the yield of some more shorter-term securities. This often happens during economic downturns, […]
Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori. The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he […]
Waves, a token platform with the web developer generation in mind, has seen its base token rise nearly 50 percent over the last 24 hours amid a generally-stagnant crypto market, making analysts scratch their heads – what could be driving this? Aside from the normal hustle and flow of cryptocurrencies gaining wider adoption, we think […]
The United States delivered Russia a 60-day ultimatum on Tuesday to come clean about what Washington says is a violation of a arms control treaty that keeps missiles out of Europe, saying only Moscow could save the pact. NATO allies led by Germany pressed U.S. Secretary of State Mike Pompeo at a meeting in Brussels […]
One of the most influential Federal Reserve policymakers said on Tuesday he expects further interest-rate hikes continuing next year since the U.S. economy is “in really good shape,” reinforcing the Fed’s upbeat tone in the face of growing doubts in financial markets. Even as New York Fed President John Williams told reporters he expects the […]
AUDJPY reversed from resistance area Further losses are likely AUDJPY recently reversed down from the resistance area lying between the key resistance level 83.8 (lower boundary of the resistance area which has been reversing the price from March) and the upper weekly Bollinger Band. The downward reversal form this resistance area stopped the earlier short–term […]
Silver reversed from key support area Further gains are likely Silver recently reversed up from the key support area lying at the intersection of the long-term support level 13.90 (which has been reversing the price from the end of 2015) and the lower weekly Bollinger Band. The upward reversal form this support area stopped the […]
Earlier this year, with the bitcoin price trading around $7,000, Santa Clara University Professor of Finance Atulya Sarin published an opinion piece arguing that the rising cost of crypto mining, coupled with the ability for bearish investors to short bitcoin in the futures markets, could spell doom for the flagship cryptocurrency. Now, following a further […]
Bitcoin is hanging around the $4,000 level, not daring to choose any particular direction. It seems that investors feel that the benchmark cryptocurrency has not really reached the bottom yet and they are still waiting for the appearance of a strong impulse. However, BTC/USD has been able to avoid re-testing the level of $3,500, what […]
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil rose $1.55 or 2.5 percent to a high of $63.24. U.S. light crude was $1.25 higher at $54.20. Both benchmarks climbed around 4 percent on […]
After the initial breakthrough on truce in the trade wars, the U.S. and Chinese indices had lost momentum, and today are performing a moderate decline. On Tuesday morning, Futures on S&P500 are around the 2775, cutting 1.8% gains from Friday down to 0.4%. Shanghai’s China A50 is 1% below peak levels at the start of […]
The crypto market’s prolonged decline has finally begun to manifest in the bitcoin mining industry, which had at times seemed impervious to falling prices but is now experiencing a moderate exodus. At a basic level, miners produce Bitcoin blocks by competing to solve complex mathematical problems. When the hash rate increases, blocks are found more […]
Cotton broke round resistance level 80.00 Further gains are likely Cotton recently broke through the round resistance level 80.00 (top of waves (a) and 4; which has been steadily reversing the price from the end of September). The breakout of the support level 80.00 coincided with the breakout of the 100-day moving average and the […]
EURNZD broke key support level 1.6400 Further losses are likely EURNZD continues to fall inside the sharp short-term impulse wave 3 –which today broke through the key support level 1.6400 (which also reversed the price in October in 2017, as can be seen below). The breakup of the support level 1.6400 should accelerate the active […]
The U.S. and China have declared a truce in the trade war, and have agreed not to introduce new tariffs, and try to reach to an agreement in the next 90 days. As a result, the U.S. dollar has been languishing at lower levels while the stock markets have been rapidly climbing upwards. Shanghai’s stock […]
On November 28, the price of Bitcoin (BTC) spiked from $3,771 to $4,355, by more than 15.4 percent. In less than 48 hours, the dominant cryptocurrency has fallen back down to $3,861, dropping below the $4,000 mark. Bitcoin recorded a 7-month high daily spike in value on Wednesday, leading traders to be optimistic about the […]
