The Secretary-General of the United Nations, António Guterres has expressed his desire for the organization to adopt blockchain technology in its operations. Guterres’ desires were communicated through a publication by Forbes which aired on the 28th of December. The Sec-gen said that he believes strongly in blockchain as it fine-tunes every system it is applied […]
GBPUSD Price Analysis – December 29 Despite constant fears about a tough Brexit, the GBPUSD pair rose to the level of 1.3117 last Friday, the highest level in almost two weeks, to finally settle at a level in the price area of 1.3080. The steady increase in sterling, however, has not yet been registered. Key […]
*On the geopolitical front, releases from the U.S and China on the approaching sealing of the phase one trade agreement may likewise be impactful. *The trend for the week ahead may originate from market risk sentiment. Notwithstanding any emergency scenario, it might, at last, come down to discussion from the Oval Office and Beijing. As […]
EURJPY Price Analysis – December 27 EURJPY buyers ride on the upside momentum to the level at 122.46 during the European session into American Session on Friday. The pair recently bounced off the moving average 5 while the upper line of the ascending trend-line channel since early-September may bolster the pair’s advances past the level […]
Key Resistance Levels: $140, $160, $180 Key Support Levels: $80, $60, $40 BSV/USD Long-term Trend: Bearish Bitcoin SV has been relatively stable since September. The bulls have efficiently defended the $80 support level. The bears have not been able to break below the support in the last three months. In September, the bears tested critical […]
The Bank of Korea (the apex bank of South Korea) has announced its plan to put together a team to study the ins and outs of creating and operating a central bank-issued digital currency by the year 2020. The BOK announced on the 27th of December in its monetary policy briefing for 2020, adding that […]
Gold spot slowed down its revision from two-month highs of $1517.40 and endeavored a lukewarm close to $1512, chiefly because of a crisp selling-wave found in the US dollar over its fundamental rivals. The XAU/USD pair rose strongly before the Christmas break and broadened its consolidation two days after as financial speculators returned on Thursday. […]
Yesterday, Bitcoin’s price spiked up the $7300 resistance to $7465 on the day, but the market could not continue buying pressure. The surge was later followed by a dump to around $7200 – where BTC is trading up till now. However, a drop below $7000 may result in a massive sell-off as Bitcoin could roll […]
AUDUSD Price Analysis – December 26 The Aussie is optimistic about easing trade tensions between the United States and China and signs of a recovery in global growth. Based on this assessment, the direction of AUDUSD is likely to be determined by the reaction of traders to Tuesday’s close on the level at 0.6921. Key […]
