The 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...
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...
The 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...
OIL 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....
EBay 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...
At 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...
the 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...
The overall market conditions are showing recovery signs as BTC surged above the price level of $7.9k again with ethereum crossing the major level of $200. During the price recovery, IOTA also managed to avoid downfall below the major support level of $0.15. It is having a significant overall gain of 4.81%.
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...
Shares 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...
Oil 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...
The 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...
The coin lost all its gains in the drastic fall in March and has been noting a fall of 9.66%. Traders looking for a range to trade within may wish to note that OmiseGo may range between $0.450852 and $0.627388. RANGE BOX & LIVE LEVELS DAILY INDICATOR SHOWING EARLY SIGNS OF RETURNING STRENGTH.
Privacy coins continue to be important in cryptocurrency markets. While most cryptocurrency transactions are traceable on the blockchain, privacy coins utilize a range of protocols to obscure the addresses of transacting parties. Some privacy cryptocurrencies are private by default. Others offer identity-preserving features as an option. Horizen is a technology...
Tether's stablecoin USDT was introduced to improve the liquidity of the early Bitcoin market. The project has faced various legal controversies revolving around the legitimacy of its 1:1 USD backing. Despite these obstacles, the stablecoin has dominated one of the fastest growing sector's in crypto. Tether is by far the most popular and most liquid stablecoin and...
USD/CAD extends the rebound from the monthly low (1.3855) as the Bank of Canada (BoC) announces new measures to cushion the Canadian economy, and the exchange rate may continue to retrace the decline from the yearly high (1.4667) as it breaks out of the downward trending channel carried over from the previous month. USD/CAD LEVELS TO WATCH FOLLOWING NEW BOC BOND...
Bitcoin users had already widely panned the plans, which many see as a further move towards government economic meddling that some suggest facilitated the coronavirus crisis to begin with. “The Rubicon has been crossed. Even surprises me and I have been a strong advocate for extreme policy response, ‘unlimited,’ in the face of economic collapse,” Gold Bullion...
Gold to trade in a consoliation channel after a sharp drop. The sharp pullback in prices came as the US dollar gained strength GOLD INDICATOR STILL HOLDING THE OVERALL TREND SHORT DURING THE RANGE