Latest Market News
• Bank of America reversed from round support level 30.00 • Likely to rise to resistance level 34.00 Bank of America previously reversed up from the round support level 30.00 (which stopped the earlier extended downward impulse wave (C) from the middle of March). The upward reversal from the support level 30.00 stopped the earlier […]
• GBPUSD reversed from resistance level 1.1490 • Likely to fall to support level 1.1000 GBPUSD currency pair recently reversed down from the key resistance level 1.1490 (former strong support from the start of September), intersecting with the 61.8% Fibonacci correction of the earlier sharp downward impulse from August. The downward reversal from this resistance […]
Bitcoin (BTC) reclaimed and held $20,000 into Oct. 6 as the latest rebound punished short speculators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin preserves “important” $19,600 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing from local lows of $19,740 on Bitstamp around the Oct. 5 Wall Street open. The pair then […]
The AIFC Financial Services Authority in Kazakhstan granted Binance a permanent license to a digital asset platform and provide custody services in the country. 240 Total views 4 Total shares After a build-up of multiple memorandums of understanding (MoU) and an initial “in-principle” approval to operate in Kazakhstan, Binance received a permanent license to operate […]
The Australian Dollar reached stability against the USD on Thursday. The current quote for the instrument is 0.6534. The Aussie had difficult times handling the RBA’s decision to raise the benchmark interest rate below market expectations. The next thing that put pressure on the Australian currency was a local recovery of the “greenback”. However, these […]
The major currency pair is consolidating on Thursday. The current quote for the instrument is 0.9910. Yesterday, a situation arose when investors seemed to be ready to break parity amid global risk attitude and sentiment improvement. However, cautiousness prevailed. The final data published by the Euro Area showed that the Services PMI dropped to 48.8 […]