The on-chain liquidity protocol, Kyber Network, set July 7, 2020, as the date for its upgrade to the Katalyst protocol. On Monday, June 29th, Kyber announced that it was finally setting a date for a major update to its Katalyst champion product. The update will occur on Tuesday, July 7, 2020, at exactly 7 a.m. […]
Read moreUSDCHF Price Analysis – June 30 Although the USDCHF gained more than 30 pips in the prior session on broad-based USD strength and the bullish market mood. It has lost its momentum, however, and returned to trade beneath the level of 0.9500, where it was down 0.35% on the day. As attention turns to Powell’s […]
Read moreS&P 500 Price Analysis – June 30 The S&P 500 potentially stays beneath 3078.3 level to hold the initial risk lower for a leap beneath its moving average of 13 during its wider corrective period. The S&P 500’s most recent high at 3233 levels around the region corresponded to the moment when COVID-19 incidents shot […]
Read moreKey Resistance Zones: 24000, 25000, 26000Key Support Zones: 22000, 21000, 20000 Italy 40 (ITA40) Long-term Trend: BullishThe index is rising and in an uptrend. A correction candle body tested the Fibonacci 0.50 retracement level. This indicates that the index will rise and reach the 2.0 extension level. The trend is likely to continue after the […]
Read moreKey Resistance Levels: 0.64000, 0.65000, 0.66000Key Support Levels: 0.58000, 0.57000, 0.56000 NZD /USD Long-term Trend: BullishThe Kiwi is in an uptrend. However, in June the market is in a sideways trend. A correction candle body tested the 0.786 retracement level. This indicates that the market will reach a high of 1.272 extension level. The Kiwi […]
Read moreGold (XAU/USD) continues on its range-bound move in the early European session and remains within the confines of the $1,775-70 level. Worries over the growing number of new Coronavirus cases and fading optimism of a sharp V-shaped global economic recovery continue to extend support for the yellow metal’s safe-haven appeal. Gold gained further backing from […]
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 Yen fell to level 106 to resume an upward move. The pair has risen and it is approaching level 107.672. The Japanese Yen is currently approaching the resistance zone at level 107.700. The market is fluctuating below the resistance. […]
Read moreGiant crypto exchange Binance announced its plans to introduce a Compound (COMP) perpetual contract in Tether (USDT) on its platform. On Monday, June 29, Binance announced that its users can now open positions on perpetual COMP/USDT contracts from Tuesday, June 30. According to Binance, “users will be able to choose between 1-50x leverage.” Although it […]
Read moreGold remains range-bound around the $1,770 level for the better part of the European session and even now as we approach the close of the session. Meanwhile, strategists at TD Securities have opined that the yellow metal will likely surpass the $1,800 mark as inflation-hedge assets gain popularity. According to the strategists, gold is on […]
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