Day: May 6, 2022
The Financial and Consumer Services Commission (FCNB) has become aware that BitzCex Investment or “BitzCex investetment”, which claims to provide online cryptocurrency, forex and other trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. New Brunswickers are urged to exercise caution when investing […]
The Financial and Consumer Services Commission (FCNB) has become aware that Beneffx, which claims to provide online cryptocurrency, forex and other trading services, is accepting New Brunswick residents as clients. This entity is not registered in New Brunswick to provide such services. Beneffx appears to be operating from the Marshall Islands. New Brunswickers are urged […]
Thursday was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7%, while the Nasdaq slipped over 5%. Many hoped for capitulation in the trade and crypto markets, and although the short-term outlook for Bitcoin looks weak, one analyst and some evidence would suggest that Bitcoin is still […]
Fed-funds futures traders see an 83% likelihood that the Federal Reserve will raise its main policy rate target by 75 basis points in June, to between 1.5% and 1.75%, according to the CME FedWatch Tool. Though down from 94% a week ago, the expectations have remained relatively unshaken even after Fed Chairman Jerome Powell said […]
The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library. The latest paper looks at a particular group of players in the Bitcoin (BTC) mining industry. Published by crypto consulting firm Crypto Oxygen, the report highlights the current […]
Bausch + Lomb Corp.’s stock BLCO, +5.72% debuted Friday with a slight gain, which helped justify the disappointing pricing overnight of the lenses and medical devices maker’s initial public offering. The company said late Thursday that its IPO priced at $18 a share, which was well below the expected range of between $21 and $24, […]
The BTC dropped after all. On Friday, the major cryptocurrency is trading at $36,435; yesterday’s low is $35,579. At the moment, the asset is moving close to the lows of 24 February. Over the last 24 hours, the BTC lost 9%. The current technical picture doesn’t exclude a possibility of a plunge below $35,000. After […]
After taking a short break, EURUSD resumed its decline. The major currency pair got back under bearish pressure quite quickly. The current quote for the instrument is 1.0558. The weekly Unemployment Claims report published yesterday by the US showed 200K against the expected reading of 182K. The difference is quite acceptable – the current situation […]
Type: Bearish ContinuationKey Levels:Resistance: 85’46Pivot: 83’76Support: 82’04Preferred Case:With price expected to reverse off the resistance of the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 83’76 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 82’04 which is in line with […]
Type: Bearish ContinuationKey Levels:Resistance: 1674Pivot: 1662’6Support: 1644Preferred Case:With price moving below the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 1662’6 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1644 which is in line with the horizontal pullback support.Alternative Scenario:Alternatively, […]
