A massive exodus of Ethereum tokens from exchanges last week is a bullish signal. Holders of Ethereum prefer to hold rather than sell at a profit in anticipation of a bull run to $3,000. The TD Sequential indicator's sell signal on the 4-hour chart … [Continue reading]
Even if Tether fails, its impact on Bitcoin price would be short-lived, suggests new report
An article by Crypto Anonymous claims that Tether’s potential failure would be disastrous for Bitcoin. ARK Invest believes the stablecoin’s failure will, in the long run, be beneficial for Bitcoin. Bitcoin is holding above $32,000, but price movement … [Continue reading]
WTI eyes to regain $53.00 as vaccine news battles risk-off mood
WTI keeps recovery moves from $51.80 as risks recover. Updates from Moderna, AstraZeneca and Israel’s Maccabi Health Services favor risks. Geopolitical problems in Libya, Russia joins Iraq’s production cut news to help the oil bulls. API data, … [Continue reading]
USD/CAD sees choppy trade, back from 1.2780 highs to under 1.2750
USD/CAD has seen two-way trade on Monday The pair rallied as high as 1.2780 from earlier sub-1.2700 lows but is now under 1.2750 again. Contributing to mixed trade in CAD is choppy/indecisive crude oil markets. USD/CAD has seen two-way trade on … [Continue reading]
Belgium Leading Indicator came in at -7.5, above forecasts (-13.4) in January
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may … [Continue reading]
German IFO’s Economist: Economy to stagnate in Q1 2021 amid little confidence
Following the release of the final German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the economy is starting the new year with little confidence. Additional quotes “We expect GDP stagnation in Q1.” “Industry … [Continue reading]
FX option expiries for Jan 25 NY cut
FX option expiries for Jan 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.2000 563m 1.2230 895m 1.2250 680m - USD/JPY: USD amounts 103.25 … [Continue reading]
EUR./USD Price Analysis: Probing key Fibonacci retracement hurdle
EUR/USD has retraced 38.2% of the pullback from early January highs. The pair has trapped in a narrowing price range. EUR/USD is trading around 1.2166, which is the 38.2% Fibonacci retracement of the decline from 1.2349 to 1.2049. The … [Continue reading]
Iraq will cut oil output to compensate for breach of OPEC+ quota – Bloomberg
Iraq, the OPEC’s second-biggest producer will pump around 3.6 million barrels daily in January and February, Bloomberg reported, citing Ali Nizar, the deputy head of State Organization for Marketing of Oil (SOMO). According to data compiled by … [Continue reading]
Bitcoin Price Analysis: BTC correction underway, holding onto 50-DMA is critical
BTC/USD trades firmer but remains capped below $33K mark. A symmetrical triangle breakout on the daily chart keeps the bears hopeful. Critical 50-DMA support is the last resort for the BTC bulls. Bitcoin (BTC/USD) has stalled its correction … [Continue reading]