Elliott Wave Analysis: EURAUD Aiming For 1.6200
As expected, EURAUD broke below channel support line and 1.6285 region, so seems like trend is bearish confirmed, and it can be unfolding a new five-wave bearish cycle towards 1.6200 level or maybe even lower. That said, be aware of...
Bitcoin rallies 15% topping $13,000
Omar Marques | LightRocket | Getty Images Bitcoin rallied above the $13,000 level Wednesday, adding to its double-digit gains this week. The world’s first and largest cryptocurrency soared 15% to a high of $13,485.85 Wednesday afternoon — its highest level...
EUR/JPY Trying to Break Higher
This is a quick note to highlight a potential reversal in the EUR/JPY, which was in the process of forming further bullish price action after it created a large bullish engulfing candle on Friday. At the time of this writing,...
MARKET WRAP: Stocks Moved Back In Positive Territory
Tech stocks supported the markets while the gold price remained above the 1400 mark for now Stocks The S&P 500 Index recovered its losses and gained 0.21% as of 15:30 London time. The Stoxx Europe 600 Index failed to remain...
Cryptocurrency: Facebook’s Libra – is this how we get to responsible fintech?
Mobile banking and payments have swiftly reduced the number of unbanked around the world in the order of billions. But we’re very far off being able to claim that those now entering the financial system as a result are accessing...
Sentiments Lifted by Mnuchin’s Trade Optimism, Capped by Trump’s Tariff Threats
Risk appetite firms up mildly today as lifted by US Treasury Secretary Steven Mnuchin’s upbeat comments regarding trade negotiation with China. There are also reports that US would delay new tariffs without deadline, to bring China back to negotiation table....
$300 billion tariff threat looming over the G-20 meeting between Trump and Xi
President Donald Trump takes part in a welcoming ceremony with China’s President Xi Jinping on November 9, 2017 in Beijing, China. Thomas Peter-Pool | Getty Images President Donald Trump’s threat to impose punishing new tariffs on $300 billion in Chinese...
US core capital goods orders rebound; shipments increase
Washing machines and dryers stand in a Manhattan appliance store on September 19, 2018 in New York City. Spencer Platt | Getty Images New orders for key U.S.-made capital goods rose more than expected in May and shipments increased solidly,...
Trump says a US-China trade deal is possible, but he’s ‘happy where we are now’
President Donald Trump expressed optimism Wednesday for a trade deal with China but said he’s happy with the way things are going and is still considering putting tariffs on all Chinese imports. The president, in an interview with Fox Business,...
Gold Rally Halts
Gold has given back some of its sharp gains over the past day and a half. At the time of writing, the precious metal was trading flat on the week, hovering just above the $1400 level, at $1402. The precious...
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