The Bitcoin (BTC/USD) has been falling since Elon Musk tweeted that his value “seems high” during the weekend. After surpassing $ 58,000 and a valuation of more than $ 1 trillion, the granddaddy of cryptocurrencies has collapsed more than $ 10,000. BTC / USD has fallen below the 50-period simple moving average on the 4-hour […]
Tag: Cryptocurrencies
Forex Today – Asian Session: Dollar Declines as Optimism Fades
What you need to know on Friday, February 19: The dollar lost momentum as demand receded. European currencies benefited the most with EUR / USD peaking around 1.2090 and GBP / USD rising to a new multi-month high of 1.3985. Commodity-linked currencies made modest gains against their US rival. Yields on US Treasuries fell. Worse-than-expected […]
Forex Today – Asian Session: Dollar Keeps Rising, Gold Slumps
What you need to know on Thursday, February 18: Demand for the dollar persisted, supported by rising US Treasury yields as long-term government bond yields hit new one-year highs. Upbeat US retail sales, likely as a result of stimulus controls, further supported the US currency. The FOMC released the Minutes from its last meeting, which […]
XRP is about to break $ 0.65
Ripple’s price is bounded within a descending triangle pattern on the 4-hour chart. The digital asset is on the verge of a 20% gain if a key resistance breaks. The TD Sequential indicator has presented a buy signal that gives credit to the bulls. After a significant rally from the recent bottom of $ 0.30, […]
Forex Today – Asian Session: Optimism dominates a dull start to the week
What you need to know on Tuesday, February 16: Optimism kept the dollar under pressure against all major rivals except the yen. The optimistic sentiment was backed by hopes that the US Congress will speed up a stimulus bill now that it has acquitted former US President Donald Trump in his second impeachment trial. The […]
The dollar still in trouble despite deteriorating sentiment
This is what you need to know to operate this Friday, February 12: The US dollar remained the weakest currency in the foreign exchange market, although it managed to regain some ground before the daily close. The dollar advanced while Wall street fell, without a clear catalyst behind the latest crash. EUR / USD reached […]
Forex Today – Asian Session: Dollar Under Pressure, Risk Sentiment Fades
What you need to know on Thursday, February 11: The US dollar remained under pressure, losing ground to most major rivals. EUR / USD hit 1.2143, while GBP / USD hit a multi-year high of 1.3865. Commodity-linked currencies traded smoothly within limited intraday ranges. Investors are still waiting for a reason to move the currencies […]
Forex Today – Asian Session: The Dollar Is Prepared To Continue Falling
What you need to know on Wednesday, February 10: The US dollar fell against most of the major rivals, moving again alongside US Treasury yields. Government bond yields fell further after peaking early Monday at new multi-month highs as investors await news related to a new US stimulus package. EUR / USD approached 1.2120, while […]
ETH / USD shoots up to new all-time highs, targeting the $ 2,000 level
Ethereum hits another new all-time high as the bulls anticipate gains above $ 2,000. ETH whales are buying as the price rises to higher highs. Rumors around Ethereum could show a bearish signal that could lead to a correction. Ethereum has gradually followed in the footsteps of Bitcoin to reach a new all-time high. The […]
Ethereum price hits new all-time high of $ 1,800 as bulls aim for higher highs
The Ethereum has achieved another milestone by reaching a new all-time high above $ 1,800. The cryptocurrency has been moving higher since the beginning of the year. While the move towards the current all-time highs is significant, investors expect to hit highs above $ 2,000 and toward $ 3,000. In the meantime, setting a higher […]
