GBPUSD Price Analysis – May 20 The Pound Sterling has been on Wednesday’s back foot and intensified lower after an analysis showed Britain’s inflation dropped sharply in April, striking the lowest as of 2016 due to an interruption by the coronavirus. The weakness was, however, protected by the 1.2240 regions as GBPUSD regains traction towards […]
Read moreXAUUSD Price Analysis – May 20 Gold continues to capitalize on its modest gains higher, moving towards the latest high around the $1750 price level, but the precious metal has been capped by the upbeat market mood and recent greenback upturn. A solid rally in the US equity futures also kept a lid on any […]
Read moreAccording to new data from Bitinfocharts, the Bitcoin network has recorded a significant spike in average transaction fees following the recent halving. On the 14th of May, the average Bitcoin transaction fees spiked by more than 55% in a single day, recording an 11-month high of $5.1. Although it quickly dropped to about $3.5 two […]
Read moreKey Resistance Levels: $70, $80, $90Key Support Levels: $50, $30, $10 LTC/USD Price Long-term Trend: BullishToday, buyers are retesting the $46 high which is now a minor resistance. About 48 hours ago, the bulls were resisted as they attempt to move upward. Buyers are still finding penetration difficult at the resistance. However, if the selling […]
Read moreISIS received up to $ 300 million in crypto donations, according to the Counter Extremism Project (CEP), an NGO research center that sheds light on the corporate and financial operations of terrorist groups around the world. In its April report, named cryptocurrencies as threats to public safety and counter-terrorism: risk analysis and regulatory challenges, CEP […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishItaly 40 is rising and in an ascending channel. Yesterday, the index fell to level 16785 and immediately resumed an upward move. The upward move was interrupted as price retracing today. The market is currently facing a new resistance […]
Read moreKey Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: RangingThe USD/JPY pair is trading in a sideways trend. The price is fluctuating between levels 108.000 and 110.000. Today, the Yen is testing the lower price range to break above it. The index will be in the range-bound zone if […]
Read moreBitcoin is going through its very first global economic crisis and it is doing exceptionally well. The Coronavirus pandemic has forced governments and apex banks around the world to take extreme measures in cushioning the effects of the prevailing crisis on the global economy. It is recorded that over $8 trillion has been spent in […]
Read moreUSDCHF Price Analysis – May 19 USDCHF posts a slight gain of about 0.10 percent after flickering as a quote at 0.9724 level amid early Tuesday’s session. The pair exchange within a triangle in a consolidation bout while anticipating a breakout. The widespread uncertainty in the USD does seem to encourage USDCHF to trade sideways. […]
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