The Hong Kong Monetary Authority just disclosed that it is carrying out studies on developing a CBDC. This announcement came on the 7th of November in a news report. Partnership with the PBoC HKMA also disclosed that it is partnering with the digital currency department of the People’s Bank of China. The PBoC is expected […]
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Since our previous crypto trading signals, we have seen Bitcoin finally broken beneath $9000 to $7700. Bitcoin has seen a little price recovery back to the $8800 area at the moment as more sell may be underways. For this reason, BTC is currently correcting a loss of -4.98%. The selling pressure could become heavier if […]
Read moreEURJPY Price Analysis – November 8 The European common currency had a bullish rebound versus the Japanese yen in the last session while testing the horizontal zone on the level at 121.11. Meanwhile, the pair’s exchange rate may likely continue to fluctuate and lose strength within this session. The potential target next may be at […]
Read moreFollowing a break out of reports on a preliminary agreement almost been reached in the trade talks between the U.S. and China, the greenback was propped up as it neared a percent gain for the week. The U.S. dollar paired against 6 major currencies traded at 98.136 nearing a 1% market gain for the week. […]
Read moreDue to recent shrink in volatility, the $9200 has become a trading level for Bitcoin for over two days now. In spite of that, the $9100 – $9000 is currently providing support for the market. On the upside, Bitcoin is holding major support at $9500. We can expect these price zones to provide levels for […]
Read moreAfter reports of a preliminary agreement been reached by the two largest economies, China and U.S broke out; the bulls tested European markets in which it reached the 2015 peak. Recall in the last 16 months, the U.S. and China had been in a trade war in which both countries slapped tariffs on their respective […]
Read moreBitcoin’s bearish actions have recently extended to the $9100 price areas during the New York session but now correcting at around $9200. We may see a more recovery back above the $9200 once the short-traders exit the market. And if Bitcoin keeps to its last 24-hours decline, we should be expecting a further price roll […]
Read moreAUDUSD Price Analysis – November 7 The Aussie dollar pair moves ahead as the pair finds buyers early in the European session while still stuck in a tight trading range. Although the FX pair had appreciated about 48 pips versus the US Dollar, the dominant indicators display its likely the exchange rate may attempt to […]
Read moreThe United States Securities and Exchange Commission revealed that it has restricted securities trading of 271 providers and some digital assets in 2019. The SEC published its annual filing for 2019 on the 6th of November, noting that the amount of restrictions this year is just a little less than that of 2018 which was […]
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