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Currency
BOC Optimism and Firmer WTI Boosts CAD | CAD/JPY, WTI
05 Dec 2019 @ 08:36
BOC Optimism and Firmer WTI Boosts CAD | CAD/JPY, WTI BOC held rates as expected, although their statement was optimistic enough to send the Canadian dollar sharply higher. The statement was indeed one of optimism, although not hawkish as there is clearly no bias to raise rates. But with a relatively high OCR of 1.75%, it […]
RBA Hold Rates, Yet Could ‘Ease' Their Way Into 2020
03 Dec 2019 @ 08:52
RBA Hold Rates, Yet Could ‘Ease’ Their Way Into 2020 In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts. What made this meeting more interesting was that it followed on from Lowe’s highly anticipated speech last week, title “Unconventional Monetary Policy: […]
Risk-On Start To The Week On Firmer China PMI Reads
02 Dec 2019 @ 09:30
The week began with an element of risk on thanks for positive Chinese data over the weekend. China’s manufacturing PMI expanded in November to break a 7-months stretch of contraction according to China’s National Bureau of Statistics (NBS). At 50.2, it’s the highest read since March and backed up by new orders expanding to 51.3. […]
Monero (XMR) Faces Selling Pressure After Breakout Attempt
02 Dec 2019 @ 04:47
Key Resistance Levels: $70, $80, $90 Key Support Levels: $40, $30, $20 XMR/USD Price Long-term Trend: Bearish The coin had been trading above $50 in October in a sideways trend. In November, Monero made a positive move and broke above the $60 price level. The bulls could not sustain the move above the upper price level […]
GBPUSD Price: Following Recouping From The Low, British Pound Anticipates Upward Momentum
02 Dec 2019 @ 04:33
GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes […]
3 Best Trading Software of 2019
28 Nov 2019 @ 13:35
Are you a professional stock trader? Or did you get lured into the world of automated online trading because you read a random review that spoke a lot of different advantages of automated online trading? In either case, you must have certainly clicked on this link because you need to know more about trading software. […]
USD Could Be In For A Tough Month In December
28 Nov 2019 @ 09:17
The dollar index has stalled near resistance levels as we approach December, a month which is typically bearish for the Greenback. A weaker USD could help NZD/USD break higher for oversold levels and USD/CHF fall from parity. Matt Simpson takes a technical look. City Index: Spread Betting, CFD and Forex Trading on 12,000+ global markets […]
All You Need To Know About Hedera Hashgraph
27 Nov 2019 @ 08:55
Hedera is said to be a decentralized public ledger that personalizes the digital world for its users in ways like never before. This technology goes beyond Blockchain for inventors to deliver applications that are fast, fair and secure. Hedera Hashgraph was developed by Dr. Leemon Baird and Scientist Mande Harmon on July 2016. This game-changing […]
USDCHF: Upside Momentum Attempt At Parity Losses Steam, Running Into Sellers
26 Nov 2019 @ 17:34
USDCHF Price Analysis – November 26 The USDCHF reached a new daily high of the level at 0.9987 at the start of the European session but failed to maintain momentum as investors refrained from taking important positions pending further developments on the trade dispute between the United States and China. At the time of writing, […]
Bitcoin SV Makes Upward Corrections But Struggles To Push Price Above $110
26 Nov 2019 @ 17:29
Key Resistance levels: $220, $240, $260 Key Support Levels: $160, $140,$120 BSV/USD Long-term Trend: Bullish Bitcoin SV is making a surprising upward move after surviving a downtrend from the overhead resistance at $150. The coin fell to a low of $92 and commenced a bullish move. The price upward move can be sustained if the […]
