Bitcoin > $10,000 – Levels To Watch
BTC/USD just crossed the closely-watched $10,000 line. This was eyed by many people and become closer to reality over the weekend. After Bitcoin achieved the big prize, is the sky the limit? Will this extra publicity trigger even higher levels such as 15K or 20K? Or will some investors and speculators cash out and sell the […]
GBP/USD Second Bullish Breakout Above 1.33 Resistance Zone
GBP/USD 4 hour The GBP/USD made a bearish bounce at the resistance (red) zone but then found strong support about half way the range. The bullish bounce is showing strong momentum and price could now be ready for a larger bullish breakout. For the moment the bearish wave 4 of yesterday seems unlikely after this […]
Gold Eases As Dollar Gains On Strong U.S. Data
Gold prices ended Tuesday’s session down $0.63 as the dollar strengthened on the back of the better-than-expected U.S. data. The Conference Board’s consumer confidence index came in at 129.5, up from the previous month’s 126.1 and above expectations for a reading of 123.9. XAU/USD traded as low as $1290.58 an ounce, but the market ended […]
China’s Growth Miracle Runs Out Of Steam: Views From Pettis, Blackrock
Michael Pettis at China Financial Markets says, “China’s growth is running out of Steam.” Blackrock brushes off concern. On October 20, Blackrock global chief investment strategist, Richard Turnill, explained What cooling growth in China means for investors. “We see China’s growth rate slowing only to still-solid and more sustainable levels. The implications for investors? Growth in […]
E Elliott Wave Analysis: GBPUSD Can See More Weakness, While EURUSD Higher Levels
The USD is mixed, slightly higher against the EUR, unchanged against the AUD and down against GBP which has been very volatile yesterday when firstly GBP fell but then turned out very strong after the UK denied earlier notes about 45-55 billion divorce bill. We see cable trading at 1.3400 and even high making a […]
South Africa ETFs In Focus On Rating Downgrade
The South African economy has been experiencing low demand for exports and going through political turmoil that has weighed on its economy’s growth. Sequentially, GDP declined an annualized 0.3% in the fourth quarter of 2016 and 0.7% in the first quarter of 2017. However, it grew 2.5% in the second quarter of 2017. Rating Downgrade […]
Markets Break Out Of Midday Anxiety
U.S. equities were solidly in the green, with the major indexes notching fresh highs, shrugging continued tax reform uncertainty and anxiety over North Korea’s latest missile test. The gains came courtesy of a 17-year high in Consumer Confidence, reports of record-breaking Cyber Monday figures, and a more than two-decade high in regional manufacturing activity. Treasury […]
GBP/USD Breaks To A Two-Month High On Brexit Bill Deal Hopes
A report about the British government accepting to pay a high Brexit divorce bill sent the pound higher. And now it is taking another leg up. Pound/dollar is already trading at 1.3415 1.3428, the highest in around two months. An outline of the Brexit divorce bill is much closer to the EU demands of 60 billion euros and further […]
Bitcoin Breaks Records As Sterling Rallies
Bitcoin broke the $10,000 mark on Tuesday night, posting over 900 percent gains this year so far, the largest gain of all asset classes, as growing institutional demand for cryptocurrencies of all types continues to propel the markets upward. As of 2:15 p.m. HK/SIN on Wednesday, bitcoin was trading at $10,486.63 according to Coinbase, falling back […]
