USDCHF Price Analysis – November 5 USDCHF is beginning to flash fresh positive trends and has kicked off the resumption of its recent rally over the next few days if the present support levels hold. The rebound took the price from a low of the level at 0.9851 to the intraday high on the level […]
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Bitcoin is back on bullish mode after breaking a symmetrical triangle to a new channel formation, although the $9400 resistance was slightly broken yesterday but got rejected at $9644 on Bitfinex. BTC is currently retracing to $9100, following the channel pattern shaping on the hourly chart. However, Bitcoin is currently trading at $9350 with a […]
Read moreThe HMRC (Her Majesty Revenue and Customs), which is the United Kingdom’s tax, payments, and customs authority, has revised its tax code for cryptocurrency activities. On the 1st of November, the tax agency of the UK, which is responsible for taxes as well as other financial operations, revised its tax code to define its position […]
Read moreFTX, a cryptocurrency derivatives exchange has bagged a $150 million lawsuit from Bitcoin Manipulation Abatement LLC. The lawsuit was based on the premise that FTX violated the rules guiding cryptocurrency, by manipulating markets and peddling unregistered securities in the US. The lawsuit was uploaded onto social media by End of the Chain host, Samuel McCulloch […]
Read moreToplines: In the wake of plunging 0.2% prior in the session, spot gold was stable at $1,512.93 per ounce Up 0.2% at $1,514.80 per ounce was U.S. gold futures The price for gold was stable early Monday as the greenback eased on light manufacturing survey, while indications of a U.S.- China economic bargain getting past […]
Read moreThe week started on a quiet note for major currencies after the Tokyo event while investors eagerly await the first official speech from Christian Lagarde, the new head of ECB. Dollar For currency pairs, the dollar maintained a significant price of 97.218, having dropped to 97.107 on Friday which is a low recorded between august […]
Read moreEURUSD Price Analysis – November 4 The euro enlisted higher when the US dollar fell. The FX pair, albeit marginally unstable, was cited close to the recently settled highs. Financial data for the euro region is yet to be released. This left the greater part of the overwhelming effect in the US data release. Numerous […]
Read moreBitcoin’s trading has continued to struggle between tight ranges of $9000 – $9400 for some days now. The sideways move was due to the flash drop from $10350 in late October and most especially a sign of capitulation in the market. Bitcoin may remain in a range-bound if the above price zones hold tight. However, […]
Read moreGBPUSD Price Analysis – November 3 Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as […]
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