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Ethereum Ethereum community continues to prepare for the long-awaited Ethereum 2.0 upgrade as its developers have made two major achievements towards the launch of the so-called Phase 0, reported Etereum 2.0 coordinator and developer Danny Ryan. Firstly, Ethereum 2.0 is ready to launch its first public multi-client testnet on Monday, June 29. This version of the testnet - called Altona v0.12 - will be the last semi-major version of the test network specification, and is expected to become the foundation for the first long-lived ETH 2.0 public test net. It will start controlled by the constituent client teams, namely Lighthouse, Nimbus, Prysm, Teku, Afri, and some of the Ethereum Foundation (EF) team members.
KRAKEN:ETHUSD
by CeoCodes
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XRP/RippleCrypto exchange platforms, merchants and gateways are vulnerable to malicious attacks. This occurs due to a failure to configure the XRPL when it is integrated with the exchange platform or one of the other institutions. In fact, it is a recurring error that has allowed malicious actors to empty wallets containing XRP of a platform or trader. According to the tool dedicated to prevent and stop this kind of attack, Xrplorer, only during June 3 have been successfully stopped. On their Twitter account, the tool advised the exchanges to check their settings. Xrplorer claims that malicious actors are constantly looking for platforms that allow them to take advantage of the Partial Payments feature. This feature is part of the XRP Ledger, as mentioned, and is one of the payment methods that allow XRPL. The Partial Payment function allows a sent transaction to deduct the recipient’s transfer fee. That way, if a user is making a return or returning a payment, the transaction fee can be charged to the recipient and the sending user does not incur an additional expense. According to the XRP
BITFINEX:XRPUSD
by CeoCodes
Bitcoin Dropping With BTC/USD circling $9,200, analysts are broadly risk-off. Broad correlation with ailing stock markets has sparked multiple warnings that a failure to keep support at current levels could spell a fresh downturn. For SteveCrypt0, however, even a worst-case scenario would not necessarily spell the end of the Bitcoin bull case. BTC/USD could hit $6,300 or even lower, he argued, and still retain its overall uptrend. The reason, he said, lies in the fact that a Fibonacci retracement level lies at $6,340. “We could go as low as 6300 or even dip to 6k and still be bullish,” he commented.
COINBASE:BTCUSDShort
by CeoCodes
USDCAD EYING 1.37USD/CAD breached the support at 1.3730 and moving short to 1.3600. USD/CAD gained downside momentum as the U.S. dollar continued to lose ground against a broad basket of currencies. The U.S. Dollar Index is trying to settle below the 98 level as the American currency is under pressure amid increased demand for riskier assets. The U.S. Manufacturing PMI increased to 39.8 in May compared to 36.1 in April. Canada’s Manufacturing PMI also rebounded from 33 in April to 40.6 in May. Numbers below 50 indicate contraction, but the rebound in PMI shows that economies are starting to recover from the acute phase of the coronavirus crisis. Traders focused on the recovery from the coronavirus crisis, providing support to riskier currencies like the Canadian dollar. Breakout Indicator signlling more short to come.
Short
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AUDUSD BREAKOUTThe Australian dollar has initially dropped during last Friday's session only to turn around and break towards the highs again. Aussie dollar is trying to take out the resistance and start a new trend higher, but there is growing political pressure between the United States and China causing a risk uncertainty. Credit Suisse outlook on AUD/USD technical outlook and highlights the importance of the .6706 level for near-term direction. Support initially at .6568, then .6538, ahead of the late May lows and 21-day exponential average at .6520/06, where we would expect to see fresh buying. Breakout indicator signalling more long to come.
Long
by CeoCodes
Bitcoin Price Tests $9.4K as DemandBitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s recent price rise is accompanied by a slide in demand for put options. Such derivative contracts give the holder the right but not the obligation to sell the underlying asset at a predetermined price on or before the predetermined rate. Meanwhile, a call option gives the holder the right to buy, The one-month put-call skew, which measures the price of puts relative to that of calls, is currently at 6.6%, down from its multi-month high of 22% on May 22, according to data provided by the crypto derivatives research firm Skew. The metric fell sharply from 15% to 5% on Wednesday as prices rose from $9,000. This confirms a bullish breakout on technical charts. Essentially, the demand for put options, or bearish bets, has dropped as prices rise. “The decline in skew is related to higher perceived halving risk since mid-May, causing elevated skews,” said Luuk Strijers, COO at cryptocurrency derivative exchange Deribit. “Now the market seems to be less worried about further downward moves reducing the demand for puts.” Put options drew greater demand after the May 11 reward halving, pushing the one-month skew higher to 20% from 12%. This was possibly due to fears that the cryptocurrency would witness a price pullback similar to the 30% decline seen in the four weeks following the second halving, which took place on July 9, 2016. A 9% correction happened last week with prices falling from $9,950 to $8,660. The cryptocurrency defended levels below $8,700 multiple times earlier this week before jumping back above $9,000. As bitcoin fell from $10,000 to $8,630 in the seven days to May 25, the number of addresses holding at least 100 BTC rose from five-year lows, according to data provided by Glassnode. “Once again, the big players seem to be accumulating into the dip,” analysts at blockchain intelligence firm Santiment noted in a blogpost. The number of addresses rose from 16,010 to 16,089 during the price decline, a sign of dip demand and investor belief in the long-term bullish story, The number of addresses holding at least 0.01 BTC and 0.1 BTC also reached record highs during the recent price drop. Technical charts now indicate a scope for a rally toward resistances lined up near $9,850 and $10,000.
BITSTAMP:BTCUSDLong
by CeoCodes
5 Reasons To Take Bitcoin SeriouslyDespite recent price volatility and global COVID-19 uncertainty, 2020 is shaping up to be a big year for Bitcoin. 1.Security The fact that Bitcoin is not centralized makes it less vulnerable to security threats and more resilient and efficient. Many users are uncomfortable entering their banking and personal details online, so Bitcoin offers an alternative that, at the very least, appears safer. 2. Availability All that’s required to perform transactions with Bitcoin is a smartphone with internet access. Since no physical banking institutions are involved, cryptocurrencies like Bitcoin have an advantage, particularly in developing countries where traditional banking is unavailable or difficult to access. Since it’s easier to set up an internet connection than it is to create a physical banking network, Bitcoin is likely the currency of the future for many areas of the world. 3.Easy To Use And Bitcoin — although its underlying technology is highly complex — is incredibly easy to use. As we become increasingly used to apps and software solutions for everyday tasks and problems, we’re beginning to expect that "there’s an app for that." 4. Inflation Rsistant Bitcoin is essentially inflation-resistant, giving it a major advantage over traditional currencies, all of which are subject to losing value at certain times. The anti-inflationary measures mean that Bitcoin will always retain its value, and also make it a viable alternative to traditional currencies. 5. Lack of Competition Bitcoin is no longer the only cryptocurrency around. Ethereum, for instance, was one of the first competitors to emerge, imitating the technology behind Bitcoin. However, for the competition to be a threat to Bitcoin, it would need to have some specific and tangible advantages. Fiat currencies are not a rival to Bitcoin as governments continue to print more money.
BITSTAMP:BTCUSDLong
by CeoCodes
XAU/TRY Currency Chart. Gold Ounce to Lira Policymakers in emerging markets frequently complain that foreign capital is fickle. But foreign capital could be forgiven for having a similar gripe about emerging markets. On a conference call on May 6th Turkey’s finance minister, Berat Albayrak, was solicitous and reassuring, telling nervous overseas investors that the country’s dollar reserves were adequate and its commitment to market principles was firm. But the next day the banking regulator turned cold, reprimanding three foreign banks, BNP Paribas, UBS and even Citigroup, which helped host the call, for failing to meet their lira obligations on time. As punishment, it barred them from the country’s currency market. Four days later, the mood changed and the ban was lifted.
FX_IDC:XAUTRYGShort
by CeoCodes
EURUSD Rallies Sharply, Eyes More StrengthEURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for further bull threats
Long
by CeoCodes
2
USDCAD Chart — USD to CAD Rate — TradingView Outlook in USD/CAD remains unchanged. Corrective patterns from 1.4667 could still extend with another decline through 1.3850 support. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, the break of 1.4140 resistance will indicate the completion of the correction. Intraday bias will be turned back to the upside for retesting 1.4667. However, a sustained break of 1.3762 will bring a deeper fall to 1.3664 key support next.
Short
by CeoCodes
1
Australian Dollar Continues to Recognize Resistance AboveThe US dollar will continue to be a safety currency that people will run to, and as the US Treasury market continues to attract a lot of inflows, it makes sense that the greenback will strengthen. At this point, it is highly likely that we will continue to see market participants fade short-term rallies, but keep in mind that this is a market that is also highly levered to China which is not going to be a helpful thing at this point in time. China is on the back foot when it comes to growth because quite frankly most of its customers are not buying. While being tethered to China for the last three decades has been a particularly good thing with the Australian economy, the overreaching dependence on Chinese trade has shown itself in Australia as it enters its first recession in 30 years. It is highly likely that we have come close to seeing the top and the Aussie dollar during this cycle. The 0.65 level has offered a lot of resistance, and it is also an area where we had seen massive selling, to begin with. Ultimately, this is a market that is trying to determine its longer-term direction. #ceo.codes
Long
by CeoCodes
Gold Markets Continue to Build Pressure Gold markets went back and forth during the trading session on Monday as we continue to dance around the $1700 level. We continue to look at the $1700 level is an area that is a bit of a magnet for price. With that in mind, you should also notice that there is an uptrend line that sits just below forming part of the symmetrical triangle that the market currently sits in. Fears of a second wave of coronavirus infections should support gold prices Limited activities in spot markets could cap major upsides in near term as SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 1,081.07 tonnes on Monday. Fresh spike in coronavirus cases in places that have eased lockdown-related restrictions such as China's Wuhan, South Korea and Germany have stoked fears of a second wave of infections. Wuhan, the epicentre of the outbreak in China, has reported its first cluster of virus infections since a lockdown on the city was lifted a month ago. SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell marginally to 1,081.07 tonnes on Monday.
OANDA:XAUUSDLong
by CeoCodes
AUD/USD: Price & VolumeThe Australian dollar has rallied as we continue to press the idea of the 0.65 handle. That being said, the market is most certainly running into a lot of noise in that area and with the jobs number coming, it will be interesting to see how this plays out. We continue to see the 0.65 level offer a lot of psychological and structural resistance. At this point, it is highly likely that we are going to see this market continue to melt away from this area, and it is difficult to imagine that the market will simply shoot straight through it and make a fresh, new high. High Volume is forming on the 4 hour timeframe indicating a move to come shorty. Resistance forming opens up the possibility of a move down to the 0.63 level. That is an area that could cause a little bit of support, and a breakdown below there could really open up the floodgates to a much bigger move to the downside. At that point, then we are looking at the 0.62 handle, and eventually the 0.60 level. Australian dollar is highly levered to the Chinese economy, and even though China is back to work, there are not that many people buying the products. In other words, things are going to be very uneven for some time, and that of course works against the value of anything risk appetite based.
Short
by CeoCodes
4
OIL PRICES: Recent EventsOIL PRICES: Recent Events The price of oil decreased substantially in 2020 due to the COVID-19 pandemic and the 2020 Russia–Saudi Arabia oil price war. On 20 April, WTI Crude futures contracts dropped below $0 for the first time in history. Oil Prices collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting. The following day Brent Crude fell below $20 per barrel. "It will take time and money to turn it back on. It's not like a light switch," David Trainer, CEO of New Constructs, an investment research firm based in Nashville. The outbreak of Coronavirus impacted the oil price as many people are staying home. The social-distancing and stay-at-home orders are thought to partly be one of the major factors that crippled the oil price market in the first place. Return of the oil boom is speculated to be coming in the next few months as the world reopen after COVID-19 lockdowns. The demand of oil is thought by experts to return and in turn increase oil prices in the coming months. "When demand comes back online, there won't be as many people there to make the oil," said Trainer. Profiting from a oil price CFD increase: Let’s say you buy an oil price contract at a current market price of US$11.55 per barrel, believing the market price will rise by a certain time. If the oil price has risen at the expiry of the contract, you’ll make a profit based on the difference between the buy and sell price. However, if oil price falls below the buy price at the point when the contract expires, you’ll lose the trade. Heikinashi Fibonacci Resistance Level: $28.77 Heikinashi Fiboacci Support Level: $0.06
TVC:USOILLong
by CeoCodes
3
Ebay's New Marketing Plan ... Attract more Buyers & SellersEBay is starting a marketing campaign this week to drive new buyers to the site, according to the mind of eBay Americas Jordan Sweetnam, who reached out to sellers on Tuesday through a post on the Seller Announcement Board. EBay will run commercials across radio, display, electronic video and paid social. The creative builds on its Up & Running program, which is "meant to show the world that hundreds of thousands of small businesses are always up and running eBay," Sweetnam explained. He connected to movies on YouTube, and while they may certainly entice buyers, they seem to be targeted more to small retailers that have had to close their physical shops and are looking for sales online. Sweetnam said eBay saw a surge in buyer demand in April that resulted in double-digit Marketplace quantity development. In March and the first part of April, shoppers had been purchasing things in what eBay calls"confinement" categories -"items that people increasingly needed as they prepared for or adjusted to shelter in place mandates," he explained. "Buyers were focused on products for home offices, gym equipment and indoor leisure activities like video games and consoles." EBay had pulled back marketing appreciably in North American in early 2019, and in its recent first-quarter earnings call for 2020, the company told Wall Street analysts,"Coming into Q1, we expected and saw modest buyer growth deceleration driven in part by our planned reduction of marketing spend on buyers with lower engagement and higher churn" Sweetnam referenced eBay's marketing investment once he wrote,"You've heard often from me about how we are being strategic with our marketing dollars, and this new campaign reflects the changing market dynamics and the unique opportunity we have to really go out and drive the eBay brand message." EBAY Stock Price Summary 30 day high of the EBAY stock price was $41.09 and low was $30.28. 90 day high was $41.09 and low was $26.02. 52 week high for eBay Inc. - $42.00 and low - $26.02.
NASDAQ:EBAYLong
by CeoCodes
1
USDCAD on TradingviewAt this point, price action is testing a big zone of prior support on the chart: Not only did this area hold multiple inflections over the past couple of weeks, but there are three different support/resistance mechanisms within a 20-pip range. The price of 1.3992 is the 50% marker of that March major move; and at 1.4000 psychological level sits just beneath the 1.4012 Fibonacci level which is the 38.2% retracement of the 2020 major move. Given a recent lower-low, combined with a test of resistance around prior support to go along with a potential lower-high, short side scenarios may be an attractive way of moving forward. The big question is whether the technical setup is too clean for comfort, and whether a bear trap may be brewing here on the hourly chart below.
Short
by CeoCodes
UK 100 FTSE CFD Live Price Chartthe UK 100 CFD is an index-based contract for difference, tracking the price move of a basket of 100 of the largest UK companies. It can be a more cost-efficient way of having market exposure to UK companies than trading individual shares. The UK 100 CFD is based on the London-quoted FTSE 100 Index, which is a good proxy for the broader UK market. The FTSE 100 Index tends to do well when the UK economy is growing and when consumer spending is on the rise. Live moves of the FTSE 100 can be followed in a daily price chart.
OANDA:UK100GBPLong
by CeoCodes
2
Rally Isn’t Over Yet ... Bitcoin is trading in a bullish zone above the $7,450 and $7,400 support levels against the US Dollar. BTC might dip a few points, but it remains well bid for a rally to $8,000. Bitcoin is showing a lot of positive signs above the $7,400 and $7,200 support levels. A clear break above the $7,650 resistance could open the doors for a fresh rally. There is a short term contracting triangle forming with resistance near $7,625 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could correct a few points, but the bulls are likely to protect the $7,400 support Bitcoin is Back in Uptrend This past week, bitcoin started a strong rise from the $7,028 swing low against the US Dollar. BTC price gained bullish momentum and broke the key $7,200 resistance level. It opened the doors for a decent increase above the $7,400 resistance and the 100 simple moving average (4-hours). The price even climbed above the $7,500 hurdle and traded to a new weekly high at $7,788. Recently, there was a downside correction below the $7,600 level. Bitcoin traded below the 23.6% Fib retracement level of the recent rise from the $7,028 swing low to $7,788 high. On the downside, the $7,400 support area is acting as a strong buy zone (the previous breakout zone). The 50% Fib retracement level of the recent rise from the $7,028 swing low to $7,788 high is also near $7,408 and acting as a decent support base. 14 BTC & 30,000 Free Spins for every player, only in mBitcasino’s Crypto Spring Journey! Play Now! It seems like the price is currently consolidating above the $7,400 support. More importantly, there is a short term contracting triangle forming with resistance near $7,625 on the 4-hours chart of the BTC/USD pair.
BITSTAMP:BTCUSD
by CeoCodes
1
BOEING STOCKShares fell 6.75% to close at 143.61 on the stock market today. Rival Airbus (EADSY), facing coronavirus headwinds of its own, lost 2.6%. Top 737 Max supplier Spirit AeroSystems (SPR) gave up 7.8%. General Electric (GE), which makes engines for the 737 and the Boeing fighter jets, dropped 4.8% in Monday. China's CDB Financial is the second lessor to cancel Boeing 737 Max orders in as many days. On Friday, General Electric's (GE) GECAS scrapped orders for 69 jets. The coronavirus pandemic has brought air travel almost to a halt. In March, Boeing saw 150 Boeing 737 Max orders cancelled. The jet's grounded around the world after two deadly crashes. The planemaker hopes to get the plane back in the air by mid-year.
NYSE:BAShort
by CeoCodes
1
USDCAD Taking The Bullish SideOil currencies were battered to start the trading week after the most immediate crude contract had the largest drop on record, a 40% decline below the $11 a barrel level. With oil prices plunging to the lowest levels since 1986, the Canadian dollar, Russian ruble and Norwegian krone all tumbled, but failed to take out last week’s respective lows. The initial shock to the Canadian dollar and other oil currencies however was short-lived as investors realize today’s crash was more about no one wanting to take delivery of WTI crude contracts and less of any major fresh news on the supply and demand side for crude. The main trade in FX remains whether safe-havens strengthen if the recent global rebound with risky assets is faded this week. Gold
Long
by CeoCodes
2
Oil prices fall to historic lows as West Texas futures dropThe price on the May futures contract for West Texas crude that is due to expire Tuesday fell into negative territory — minus $37.63 a barrel. That’s right, sellers were actually paying buyers to take the stuff off their hands. The reason: With the pandemic bringing the economy to a standstill, there is so much unused oil sloshing around that American energy companies are running out of room to store it. And if there’s no place to put the oil, no one wants a crude contract that is about to come due. Underscoring just how acute the concern over the lack of storage is, the price on the futures contract due a month later settled at $20.43 per barrel. That gap between the two contracts is by far the biggest ever. “The May crude oil contract is going out not with a whimper but a primal scream,” said Daniel Yergin, a Pulitzer Prize-winning oil historian and vice chairman of IHS Markit Ltd. “Refiners are rejecting barrels at a historic pace, and with U.S. storage levels sprinting to the brim, market forces will inflict further pain until either we hit rock bottom or COVID clears, whichever comes first, but it looks like the former,"
OANDA:WTICOUSDShort
by CeoCodes
1