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Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral, according to Glassnode’s latest report. 5188 Total views 47 Total shares The number of transactions on the Bitcoin (BTC) network has spiked over the past week, with blockchain analysis firm Glassnode suggesting that […]
Gold futures finished lower Tuesday, as the U.S. dollar’s surge to its highest in two decades took a bite out of prices for the yellow metal. Gold for June delivery GC00, -0.84% [s:GCM22] shed $17.60, or 0.9%, settling at $1,841 an ounce on Comex, a day after the most-active contract booked its lowest settlement value […]
BP is planning to acquire a stake in one of the world’s largest green hydrogen projects from wind and solar energy, in Western Australia. BP plans to acquire a stake of about 30% of the Asian hub of renewable energy with a capacity of 26 gigawatts, The Australian newspaper reported. The project proposes about 14 […]
Gold prices rose during trading on Tuesday, with the dollar retreating from its highest levels in two decades, prompting investors to choose bullion priced in the US currency. This comes at a time when investors are waiting for key US data for clues regarding the Federal Reserve’s stance on raising interest rates. Gold prices ended […]
It’s been a tough start to the week for global equities indices with the four benchmarks tracked here each falling to multi-month lows on Monday. The growing wave of central bank monetary tightening, along with rising inflation and ongoing supply-chain risks is adding to fears of a global pull-back. Central bankers have warned about the […]
Type: Bearish ContinuationKey Levels:Resistance: 1622’6Pivot: 1611’2Support: 1581’0Preferred Case:With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the swing low support at 1581’0 from our pivot of 1611’2 in line with the 38.2%, 50% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Alternatively, price […]