The Canadian Dollar was hit by oil prices once again. The quarterly GDP figure stands out in the last week of November. The technical picture is quite bullish for the pair. This was the week: Another leg down in oil Oil prices continue taking two steps down, one up. Prices tumbled down once again alongside … “Canadian Dollar can do nothing against the crude crash”
Category: Opinions
Will Ripple surpass Bitcoin at the top? This could be the eventual result of this crash
Where will the free-fall of Bitcoin stop? After a downfall on November 14th, BTC/USD had a bad day on Monday that became worse today. At least it’s doing better than Bitcoin Cash, which crashed 40% in 24 hours. What are the levels to watch? The Technical Confluence Indicator shows that initial resistance awaits at $4,448 which is the … “Will Ripple surpass Bitcoin at the top? This could be the eventual result of this crash”
GBP/USD is not as stable as it seems
GBP/USD is looking relatively stable for a change, just like Prime Minister Theresa May that does not suffer a broad rebellion just yet. However, the currency pair faces more upside resistance than support. The Technical Confluences Indicator is currently struggling with a dense cluster of technical lines around 1.2860. This includes the Simple Moving average 100-15m, the SMA 10-15m, … “GBP/USD is not as stable as it seems”
Bitcoin: 3 explanations for the crash, big levels to watch
BTC/USD crashed spectacularly and hit the lowest levels since October. It is hard to find clear reasons for the plunge that may have been a long time in the making. The technical levels to watch are broader than usual. Volatility is finally back. And with a vengeance. Bitcoin crashed not only below $6,000 but also … “Bitcoin: 3 explanations for the crash, big levels to watch”
Canadian Dollar could make a comeback even though oil is falling
USD/CAD extended its rise as oil prices dropped. The C$ sell-off is sharp, with CAD entering oversold conditions, The overbought conditions on USD/CAD can send it to uptrend support. The Canadian Dollar continues suffering from the drop in oil prices. The price of petrol enjoyed some respite on Monday on reports that Saudi Arabia is willing … “Canadian Dollar could make a comeback even though oil is falling”
The Stablecoin Market Continues to Grow
While Tether continues its slide in popularity, you may think that the Stablecoin market would follow suit, but it isn’t doing. The stablecoin trend is growing, and there are newcomers poised to enter with pegs to currencies other than USD. Pegs to USD dominate the stablecoin market. To date, pegging a stablecoin to the US … “The Stablecoin Market Continues to Grow”
Will a Brexit deal steal the thunder from the US elections? GBP/USD levels to watch
There are growing signs that a Brexit deal is very close and come as early as Tuesday. A deal can steal the spotlight from the US Mid-Terms. The GBP/USD is not pricing in such an outcome and could shoot higher. The Sunday Times reported that preparations for a deal are “far more advanced than previously … “Will a Brexit deal steal the thunder from the US elections? GBP/USD levels to watch”
Bitcoin wedge is closing – time for a breakout?
The BTC/USD moved slightly to the downside but remains entrenched in a range. The technical picture is balanced due to the lack of movement. The FX Poll of experts shows a bearish bias at first but things get better with time. The price of Bitcoin remains entrenched in a range. Bears made an attempt to … “Bitcoin wedge is closing – time for a breakout?”
NFP: Trump will not be happy with the numbers if stocks fall
The US employment report beat expectations on jobs and participation. President Trump can celebrate the low unemployment rate again. However, further Fed hikes may push stocks lower. The US Non-Farm Payrolls report for November beat expectations with a gain of 250,000 positions, well above averages of under 200,000 and early expectations. Net revisions were flat. Another piece … “NFP: Trump will not be happy with the numbers if stocks fall”
Why Crypto Brains are Betting on a November Rally
It’s November and the predicted “bull-run” for Bitcoin is imminent. There are a lot of excellent reasons to expect the prediction could be correct, but we shouldn’t all jump in before the indicators are right. If you’ve not joined the crypto space yet, perhaps now is the time. Experts and amateurs alike can make predictions … “Why Crypto Brains are Betting on a November Rally”