Ethereum has nearly been cut in half in the last 3 weeks, after an especially nasty weekend. Our Crypto Pro Service guys nailed that drop, and you need to check out their charts updated thru this morning.
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The world’s largest company by market capitalization will report its quarterly earnings on Thursday, after Wall Street’s closing bell. Forecasts point to another solid quarter, with investors likely to focus mainly on key business segments like cloud computing. Overall, the company’s stock is on a tear, having gained more than 36% this year – though […]
Trade and inflation numbers will be watched out of Japan this week ahead of the weekend elections for Japan’s upper chamber. The June trade data is due on Wednesday at 23:50 GMT, while the inflation figures for the same month will be published on Thursday at 23:30 GMT. Both releases are projected to point to […]
The speech of the head of the Federal Reserve Jerome Powell in the Congress and the minutes of the June meeting of the FOMC gave a new impetus to the weakening of the US currency. However, it did not receive significant development. Strong inflation data in the US for June somewhat reduced the likelihood of […]
According to analysts of the largest bank, Mr. Stanley, the Australian national currency has excellent potential for growth against the US dollar. Specialists say that the Australian dollar is strengthening its fourth session in a row after the release of economic data from China, which turned out to be better than expected and increased the […]
For the previous trading day, the euro / dollar currency pair showed a low volatility of 30 points, as a result of which, it remains in the same range of fluctuations. From the point of view of technical analysis, we see that after the correction, the quotation went smoothly into the stage of accumulation, forming […]
EUR / USD On Monday, July 15, trading ended for EUR / USD by a 10 bp decline. However, in general, quotations move away from the lows reached on July 9. As to the wave marking, the question is if it’s still open after July 18. It’s either the wave c is already completed, and […]
The US dollar is strengthening its position against the euro and the British pound at a fairly calm pace. The absence of important fundamental statistics yesterday shows which side has the advantage. Data on the growth of production activity in the area of responsibility of the Federal Reserve Bank of New York allowed the US […]
USDCHF rebounded on the 38.2% Fibonacci retracement level of the upleg from 0.9185 to 1.0235 near 0.9830 during yesterday’s trading session, touching the 20-day simple moving average (SMA). In the short-term, the market could turn positive if the RSI keeps moving around the 50 level, however the red Tenkan-sen line, as well as the blue Kijun-sen line, […]
The earnings season is one of the most important periods in the market because it gives investors an indication about how the companies are performing. The earnings season kicked-off yesterday after Citigroup announced its Q2 performance. In the quarter, the bank reported earnings of $1.95 a share, which was slightly above the expected $1.80. Part […]
In June, Facebook announced that it was working on a cryptocurrency that will be launched in 2020. To work on the currency, the company teamed up with 27 other large companies like Visa and Mastercard. These companies had committed at least $10 million for the project. Because of their size and scale, these companies would […]
The kiwi rose slightly today in the Asian session after New Zealand released its CPI data for the second quarter. The data showed that the CPI rose to an annualized rate of 1.7%, which was higher than the previous 1.5%. This was in line with the expectations. On a QoQ basis, the CPI rose to […]
With the new UK Prime Minister not expected to be announced until next week, Brexit news could remain scarce for now, shifting the focus back to data. Inflation figures for June are due on Wednesday, before retail sales numbers on Thursday, both at 08:30 GMT. The pound remains at very low levels as fears of […]
Morgan Stanleys’ stock has been incrementally following the north road since the end of December, and in the last month has risen from a three-month low of 40.40 to face the ultimate battle with the 200-day simple moving average (SMA). Presently, it is facing short-term resistance at the previous weeks’ break high above the 200-day […]
4-hour timeframe Technical data: The upper linear regression channel: direction – down. The lower linear regression channel: direction – down. The moving average (20; smoothed) – sideways. CCI: -8.6999 The British pound spent about two days above the MA, once again showed its inability to grow and returned to the area below the MA. Thus, […]
Crypto Industry News: Ethereum’s co-founder, Vitalik Buterin, proposed the use of Blockchain Bitcoin Cash as a temporary scalability solution for the Ethereum network. The developer presented a summary of this idea in an article published in Ethereum Research. The Ethereum network has experienced some scalability problems because its native Blockchain can process just 15 transactions […]
4-hour timeframe Technical data: The upper channel of linear regression: direction – up. The lower channel of linear regression: direction – down. The moving average (20; smoothed) – sideways. CCI: 30.3935 The first trading day of the week for the EUR/USD pair ended exactly as it began. The volatility of the pair remained very low, […]
Crypto Industry News: A bill that allegedly would ban the use of cryptocurrencies in India is disseminated by Blockchain’s local legal experts in social media. An unverified document published by technical lawyer Varuna Sethi seems to disclose a bill entitled “Ban cryptocurrencies and regulation of official digital currencies.” Even if it is authentic, the bill […]
CADJPY is hovering near the 50.0% Fibonacci retracement level of the downleg from 89.25 to 76.60. After the rebound on the two-year low of 76.60, the pair has been lacking direction, confirmed by the technical indicators. The RSI is flattening in the positive area, while the MACD is moving sideways near the trigger line. An […]
CADJPY is hovering near the 50.0% Fibonacci retracement level of the downleg from 89.25 to 76.60. After the rebound on the two-year low of 76.60, the pair has been lacking direction, confirmed by the technical indicators. The RSI is flattening in the positive area, while the MACD is moving sideways near the trigger line. An […]
US retail sales and remarks by Powell top the agenda today UK jobs data may be watched as Brexit news flow remains limited Kiwi ticks up, despite lingering RBNZ rate-cut speculation EU Commission chief awaits Parliamentary confirmation Dollar looks to US retail sales and Powell’s remarks The greenback recovered some ground to start the week, […]
GBPUSD returned to the red zone and near a key support area around 1.25 after attempting to recover during the past three sessions. Chances for a meaningful rally in the short-term are currently viewed as minimal as the market action continues to take place comfortably below the simple moving averages (SMA) and the Ichimoku cloud, while the RSI and the MACD […]
WTI crude oil futures recorded an upside rally last week, but this week the price is on the backfoot after the bounce off the significant barrier of the 23.6% Fibonacci level of the upward wave from 42.50 to 66.60 near 60.90. The technical indicators fail to give clear direction as the MACD is flattening in […]
Canada will publish June inflation data on Wednesday at 12:30 GMT as well as retail sales numbers for May on Friday, also at 12:30 GMT. Following, the Bank of Canada’s surprisingly overcautious tone at the last policy meeting, investors will be watching to see if the upcoming data support the Bank’s view that the recent […]
Today was an important day. The Dow, S&P and Nasdaq all made new intraday record highs. And the Dow met two converging trendlines. But more stocks closed down on the NYSE than closed up. Does that matter?
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