There are a lot of cryptocurrencies. However, Bitcoin retains its status as the biggest crypto money in the market. It is important to mention that Bitcoin is the oldest cryptocurrency, and despite fierce competition throughout its history, it still attracts crypto owners. Nevertheless, the path to crypto adoption is not easy due to various reasons …
On Wednesday, Bitcoin’s price reached the highest level in seven weeks. This happened early on January 8 during the Asian trading hours. Bitcoin is one of the most famous cryptocurrencies around the globe. Moreover, it is the biggest cryptocurrency in terms of market capitalization. The price of the biggest cryptocurrency reached this result as Iran …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDMXN The pair still appears to be on the defensive, trading below the 50-day moving average and 200-day moving average, near record low but within tight ranges on the daily chart. For the Mexican …
The Chinese central bank announced that it would trim down a portion of deposits in commercial banks earlier this week. This means the required volume of cash in banks in China will diminish, pumping more cash the country’s economy. The move will release billions and billions of dollars in Beijing’s financial system. It will …
Cryptocurrencies became more popular around the world. However, the lack of regulations and clarity regarding the future of crypto markets created many problems. India is home to more than 1.2 billion people. It has a huge potential when it comes to embracing this emerging technology. However, Indian officials are reluctant to support the crypto market. …
On the second day of 2020, the greenback measured 96.215 against a basket of currencies following a six-month low. This was a slight recovery after its 1% loss over the past week against the sterling and commodities currencies. The Chinese freed up over $110 billion in liquidity for the domestic banking system after Beijing loosened …
The Greenback: To Rise or To Fall? | Wibest Broker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCHF The AUDCHF currency pair is still chopping sideways, kicking off 2020 with a rather tight start as both the Australian dollar and Swiss franc gain strength from a plethora of factors. Over in …
Daily Market Charts and Analysis January 03, 2020 Read More »
Strong US economic outperformance launched the greenback flat on New Year, but investors are optimistic. Progress in the trade deal between the American and the Chinese left its index down 1.9% in December. The Chinese yuan gained 1% against the currency last month at 6.9630 but inched back up at 6.9640. The yen also pushed …
The Greenback, On and Before New Year | Wibest Broker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCHF The pair has slipped lower than its most recent support line below the 50-day moving average, with the overall trend apparently biased to the downside, although longer-term movement suggests a sideways chop. According …
Daily Market Charts and Analysis January 01, 2020 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDRON After losing steam from its December 23 peak, the USDRON pair slipped steeply and now is very close to the 200-day moving average, with the dollar weakening and possibly recording the lowest annual …
Daily Market Charts and Analysis December 31, 2019 Read More »
South Korea’s National Tax Service (NTS) decided to withhold tax worth 80.3 billion won or $70 million from the Bithumb. It is worth mentioning that Bithumb is the country’s largest crypto exchange. Yesterday, Vidente the largest shareholder of Bithumb Holdings which operates the Bithumb Korea, confirmed this information. Also, according to Vidente, the tax will …
Gold traders are working their way to the top and looking to end the year with gains, defying all odds. Spot gold prices are now at their two-month highs thanks to the unwavering confidence of bulls. However, many experts still doubt whether prices could continue their bullish momentum once Washington and Beijing’s trade agreement comes …
Spot Gold Prices Still Bullish Despite Trade War Optimism Read More »
Last week, the Lebanese central bank turned heads after its governor said “nobody knows” how low it would deplete against the dollar. The economic and political crisis of the country is weighing in pressure on the pound’s currency peg. Lebanon continues to grapple as its market suffers from the economic crisis that has spanned for …
The Lebanese Pound and the Black Market | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The pair is slipping to the lower parts of the daily chart, declining largely as the dollar weakens on trade news. The 50-day moving average is also poised to cross below the 200-day …
Daily Market Charts and Analysis December 30, 2019 Read More »
Yesterday, the Lebanese central bank head, Riad Salameh, commented about the crisis faced by the pound in the black market. According to Salameh, “nobody knows” how much the dollar could rise against the pound on the black market. The extremely serious situation continues to escalate, adding more pressure on the currency. The turbulence in Lebanon’s …
Lebanese Central Bank Governor Addresses the Pound Read More »
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