PLUS1
Currency
USDCAD Soars as the Bank of Canada Turns Dovish
23 Jan 2020 @ 10:31
USDCAD soared on Wednesday as the Bank of Canada turned dovish. Until recently, the Bank has maintained a hawkish bias and left rates unchanged despite other central banks cutting rates in 2019. Yet on January 22, they turned dovish causing the USDCAD to spike higher by 86 pips. The important output gap is said to […]
Bitcoin: Upcoming Halving And What To Expect
23 Jan 2020 @ 03:16
Bitcoin’s upcoming halving will be one of the most followed crypto-related occasions in the year 2020. Thousands of cryptocurrency enthusiasts will be observing the markets eagerly to witness what effect this year’s halving will have on the cryptocurrency. Many believe that the occasion would have a positive effect on BTC’s price as has been observed […]
Your All-Round Guide To Security Token Offerings
23 Jan 2020 @ 02:59
Security token offerings (STOs) are one of the most revered investment options in the crypto space at the moment. It has even been termed the “future of fundraising”. But what exactly are STOs and what is the rave all about? This article aims to break down STOs, what it is all about, and how it […]
No Sign Of Recovery As USDCHF Stays On The Low Level At 0.9680
15 Jan 2020 @ 05:29
USDCHF Price Analysis – January 14 At the time of composing, the FX pair was trading at 0.9683 level, dropping 0.25% per day after discovering support around 0.9670 level. The USDCHF pair recovered its daily losses and was last seen trading at 0.9683 level, where it remained virtually unchanged during the day. Key Levels Resistance […]
GBPUSD Breaks Below 1.30 Amid Rate Cut Speculation
14 Jan 2020 @ 08:49
GBPUSD started the trading week lower and continues 0.56% lower at 1.2984 as investors increase the bets for an interest rate cut by the Bank of England after the weak economic data released earlier today. The UK GDP came in at -0.3% below the market consensus of 0.0%, disappointing investors as this was the lowest […]
Gold Stays Constricted In A Restricted Trading Range Around $1550 Level
11 Jan 2020 @ 01:03
XAUUSD Price Analysis – January 10 Gold rose in price in response to the grim release of NFP in the US, although it lacked a strong follow-up from buyers and stayed within the trading range of the previous session. Over the past 24 hours, the yellow metal has been trading in a limited trading range […]
Bitcoin (BTC) Breaches More Resistances, Attempts To Terminate Downtrend
11 Jan 2020 @ 00:50
Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Bullish Yesterday, the bulls made an impressive move as the bulls reach a high of $8,400. The coin was resisted and the price retraced to a low of $7,800. The support is holding which was previously a resistance […]
USD/CAD In The Crossfire Of Today's Employment Reports
10 Jan 2020 @ 09:16
With both the US and Canada set to release employment figures at 13:30 GMT, USD/CAD warrants a look. Data has generally undershot expectation for Canada since the end of November. Given BOC have a base rate of 1.75%, it appears to be only a matter of time before they’re forced to lower rates. Yet Poloz […]
1.2660 remains pivotal for GBP/CHF
09 Jan 2020 @ 09:23
With a bearish structure on the weekly chart and potential H&S top on the daily, we’re looking for an eventual breakdown. We can see on the weekly chart that GBP/CHF remains in a long-term bearish trend. There have also been four failed attempts to break above the 200-week eMA, with the most recent attempt being […]
The Kiwi – Low Hanging Fruit?
08 Jan 2020 @ 09:37
It’s been a turbulent session, but that’s not to say risk cannot pick itself back up from here. If Trump allows. It was clearly a game of two halves for traders, with risk-off dominating the first half upon news of Iran attacking US bases in Iraq. Yet fears subsided and markets reversed course when it was confirmed […]
