February 21, 2020 at 04:02PM While Chinese authorities try to control the spread of the new virus, they are moving quickly to stall its impact on the economy, especially on people’s jobs. […]
Advertisements
Bitcoin Chart Indicator Flips Bearish as Price Sees Weak Bounce From $9.4K
February 21, 2020 at 03:26PM Bitcoin’s lackluster recovery from price support around $9,400 is struggling to gather upside traction amid bearish developments on the short-term technical charts. The top cryptocurrency by market […]
Dow Wobbles as Coronavirus Clobbers Stock Market Earnings Forecasts
February 21, 2020 at 03:20PM The Dow Jones Industrial Average (DJIA) fell for a second consecutive day on Friday after one of its “safety stocks” warned that the coronavirus outbreak had put […]
Huawei says US push to create a 5G rival ‘would be a challenge’
February 21, 2020 at 03:06PM Plans by the United States to create a 5G rival to Huawei could be a “challenge,” one of the Chinese firm’s top executives told CNBC, amid growing […]
U.S. Stocks Slump, Gold Rallies on Bid for Safety: Markets Wrap
February 21, 2020 at 02:52PM U.S. stocks slid, gold surged and Treasury yields fell as investors took a defensive stance amid renewed concern about the economic impact of the coronavirus as it […]
Procter & Gamble Wave Analysis – 20 February, 2019
February 21, 2020 at 01:54PM Procter & Gamble reversed from support area Likely to rise to 128.00 Procter & Gamble recently reversed up sharply from the support area lying between the key […]
Natural Gas Wave Analysis – 21 February, 2019
February 21, 2020 at 01:53PM Natural Gas reversed from resistance area Likely to fall to 1.7530 Natural Gas recently reversed down sharply from the resistance area lying between the round resistance level […]
NZDUSD Wave Analysis – 21 February, 2019
February 21, 2020 at 01:52PM NZDUSD broke support area Likely to fall to 0.6250 NZDUSD continues to fall after the earlier breakout of the support area lying between the support levels 0.6375 […]
FxPro Daily Insight for February 21
February 21, 2020 at 01:16PM Market overview Global stock indices started the day down, but European business activity indices managed to somewhat improve the situation. S&P500 loses 0.2%, Euro50 and FTSE100 – […]
Euro zone Composite PMI above expectations, lift euro
February 21, 2020 at 10:20AM Preliminary estimates of the PMI indices for the eurozone countries, for the most part, exceeded expectations, creating positive traction in the EURUSD pair. The published composite PMI […]
China automotive industry: sales tumble 92% in first half of February
February 21, 2020 at 08:56AM China car sales plunged 92% during the first two weeks of February in the wake of the coronavirus outbreak, according to the China Passenger Car Association. It […]
Nasdaq correction could knock the index by 12%
February 21, 2020 at 08:46AM By the end of the week, the stock markets returned to a cautious mood, as players’ attention shifted to the problems of the production sector. Asian trading […]
Bit-comment: Halving approaching not sure support factor for BTCUSD
February 21, 2020 at 08:33AM Bitcoin has once again failed to hold on above $10K. Nevertheless, the bears ease their pressure near $9,600. BTCUSD growth is approaching a per cent during the […]
Oil prices fell around 1% on Friday: growing worries about fuel demand
February 21, 2020 at 08:25AM Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers […]
China prisons: early 250 cases of the new coronavirus
February 21, 2020 at 08:10AM Two prisons in China have reported nearly 250 cases of COVID-19 cases, with both inmates and prison guards getting infected. On Friday, Xinhua news agency reported that […]
Oil prices rise on U.S. gasoline stock draw, smaller-than-expected gain in crude inventories
February 20, 2020 at 05:54PM Oil prices rose further on Thursday after a U.S. report showed a draw in gasoline inventories and a much smaller-than-anticipated rise in crude stocks. U.S. gasoline stockpiles […]
IMF: Too early for accurate figures on coronavirus impact on global growth
February 20, 2020 at 05:25PM It is premature to give precise projections of economic growth in China and the World in 2020 following the outbreak of coronavirus, IMF Managing Director Kristalina Georgieva […]
Bitcoin Price Plummets $800 in an Hour
February 20, 2020 at 05:05PM Bitcoin (BTC) took an unexpected dive, plunging $600 in a matter of minutes. The plunge saw 15 of the 20 largest crypto assets by market cap down […]
Nvidia Wave Analysis – 20 February, 2019
February 20, 2020 at 03:08PM Nvidia rising inside short-term impulse wave 3 Likely to rise to 330.00 Nvidia has been rising sharply in the last few trading session inside the short-term impulse wave 3 […]
Gold Wave Analysis – 20 February, 2019
February 20, 2020 at 03:07PM Gold broke pivotal resistance level 1610.00 Likely to rise to 1650.00 Gold recently broke sharply above the pivotal resistance level 1610.00 (which stopped the previous sharp impulse […]
AUDCAD Wave Analysis – 20 February, 2019
February 20, 2020 at 03:06PM AUDCAD broke key support level 0.8840 Likely to fall to 0.8750 AUDCAD continues to fall sharply after the earlier breakout of the key support level 0.8840 (which […]
FxPro Daily Insight for February 20
February 20, 2020 at 01:53PM Market overview European and US indices recede from the highs reached overnight. Nasdaq added 7.7% this month, jumping from the levels near 9000 to 9700 and to […]
Citigroup believes gold could top $2,000 a troy ounce in the next 12 to 24 months
February 20, 2020 at 01:15PM The price of gold was approaching seven-year highs on Wednesday, as investors shrugged off a surging dollar that’s normally seen as a headwind for precious metals. Gold […]
U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
February 20, 2020 at 01:06PM The U.S. Dollar Index, a widely-watched measure of the currency versus its peers, is close to breaching 100 for the first time since 2017, as the currency […]
The virus outbreak increased the chance Beijing doesn’t comply with all of the trade deal terms
February 20, 2020 at 12:57PM The impact of the coronavirus outbreak in China on U.S. economic growth will be negligible and short-lived, according to economists in a Reuters poll who nonetheless now […]
Bitcoin’s melting
February 20, 2020 at 12:42PM Bitcoin once again breaks the hearts of those hoping not to see it “below $10K” again. The price trend of the last few days is similar to […]
ASEAN officials at the meeting did not wear masks: but will it reassure the people of Asia?
February 20, 2020 at 12:36PM China called for solidarity on Thursday in a special meeting to discuss the coronavirus outbreak with Southeast Asian nations as it faces criticism for its handling of […]
EU faces gap between 60 and 75 billion because of Brexit
February 20, 2020 at 12:17PM Where will the money come from? This is the contentious question that the EU needs to answer every seven years — and this time around, the issue […]
The Dollar is searching for its price ceiling
February 20, 2020 at 09:07AM The dollar index has been growing almost daily in February, adding 2.5% from the beginning of the month to its peaks from May 2017. The dollar index […]
Gold on track for highest close in 7 years as investors hedge stock market highs and virus fears
February 19, 2020 at 06:42PM Having surpassed the key $1,600 mark, gold prices were flirting with a seven-year high on Wednesday, as investors continue to shore up their positions amid the coronavirus […]
FxPro Daily Insight for February 19
February 19, 2020 at 02:21PM Market overview US and Asian indices are slightly changing over the past day in anticipation of new signals from the Fed in the minutes of the last […]
Platinum Wave Analysis – 19 February, 2019
February 19, 2020 at 01:58PM Platinum broke round resistance level 1000.00 Likely to rise to 1040.00 Platinum recently broke above the round resistance level 1000.00 – accelerating the active impulse waves 3 […]
EURCAD Wave Analysis – 19 February, 2019
February 19, 2020 at 01:57PM EURCAD broke key support level 1.4460 Likely to fall to 1.4200 EURCAD recently broke sharply through the key support level 1.4460 (which has been reversing the price […]
Facebook Wave Analysis – 19 February, 2019
February 19, 2020 at 01:56PM Facebook broke key resistance level 215.00 Likely to rise to 224.00 Facebook recently broke above the key resistance level 215.00, which previously stopped the short-term impulse wave […]
The U.S. Is Very Worried About Bitcoin—And It’s Finally Doing Something About It
February 19, 2020 at 10:35AM Bitcoin, cryptocurrencies, blockchain, decentralization, China’s digital yuan, Facebook’s libra—the U.S. is understandably worried about the dominance of the almighty dollar. Last year, U.S. president Donald Trump slammed […]
Euro climbs back above $1.08, volatility spikes
February 19, 2020 at 10:12AM The euro rose on Wednesday as improving risk sentiment in global markets paused the dollar’s rally, providing relief to the single currency, which had earlier fallen to […]
China’s industrial production: 30-50% of former capacity
February 19, 2020 at 09:48AM China’s economic growth in the first quarter could fall to as low as 3.5% if the spread of the new coronavirus is not contained fast enough for […]
What’s dragging EUR down: then trade wars, now the corona virus
February 19, 2020 at 09:29AM The single currency fell to 3-year lows against the dollar as indices of German and US business sentiment published the day before sharply contrasted with expectations. The […]
Bit-comment: Altcoins returned interest to BTCUSD
February 19, 2020 at 09:17AM Buyers supported Bitcoin when it approached the $9,500 area. For the day, the benchmark cryptocurrency has consistently strengthened its position. Increased buyer’s interest allowed Bitcoin to exceed […]
U.S. consumers expect spending growth to slow: NY Fed
February 18, 2020 at 05:51PM American consumers expect their household spending to increase more slowly over the next year, according to a report released by the Federal Reserve Bank of New York […]
Copper Wave Analysis – 18 February, 2019
February 18, 2020 at 03:03PM Copper reversed from resistance area Likely to fall to 258.00 Copper recently reversed down from the resistance area lying between the key resistance level 262.00 (former strong […]
Philip Morris Wave Analysis – 18 February, 2019
February 18, 2020 at 03:02PM Philip Morris reversed from resistance area Likely to fall to 86.00 Philip Morris recently reversed down from the resistance area lying between the long-term resistance 90.00 (former […]
EURUSD Wave Analysis – 18 February, 2019
February 18, 2020 at 03:01PM EURUSD falling inside impulse waves 3 and (3) Likely to fall to 1.0770 EURUSD under bearish pressure after the earlier breakout of the key support level 1.0880 […]
FxPro Daily Insight for February 18
February 18, 2020 at 03:00PM Market overview Equity markets are declining after Apple said it would not meet the revenue guidance for the March quarter. This report returned to the market the […]
China to grant tariff exemptions on 696 U.S. goods to support purchases
February 18, 2020 at 11:26AM China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill […]
Oil prices fall as market weighs coronavirus demand impact
February 18, 2020 at 11:08AM Oil prices fell on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on […]
Coronavirus hit Apple
February 18, 2020 at 10:30AM Apple has warned that disruption in China from the coronavirus will mean revenues falling short of forecasts. The tech giant said production and sales were affected, and […]
Gold sets records in euro and strives even higher
February 18, 2020 at 08:37AM Apple has returned to the market fear of the coronavirus’ impact on the economy. The company said that the recovery of supply and sales might be delayed. […]
Bit-comment: Bitcoin does not keep up with the altcoin’s rebound
February 18, 2020 at 07:58AM On the crypto market, we are witnessing quite a rare phenomenon when altcoins bounce back 5-18% after the slump, while Bitcoin barely started to grow. At the […]
Bitcoin suffers after 64% growth, when will it end?
February 17, 2020 at 06:35PM The general enthusiasm in the crypto market gave its way to uncertainty, and now it even borders with pessimism. The situation is similar to what happened in […]
Crypto market: do “whales” press out weak traders?
February 17, 2020 at 06:28PM 1. BINANCE PERFORMANCE ISSUES On Friday, Bitcoinist reported that a “lagging” issue caused widespread REKage of traders. Binance assured traders that the issue was fixed. But that […]
FxPro Daily Insight for February 17
February 17, 2020 at 03:04PM Market overview Global markets fluctuate slightly on Monday, as some US markets closed due Presidential Day observation. Singapore and Canadian dollars add slightly to USD. On FX, […]
AIG Wave Analysis – 17 February, 2019
February 17, 2020 at 02:53PM AIG broke support area Likely to fall to 47.00 AIG recently broke sharply through the support area lying between the round support level 50.00 and the 50% […]
Sugar Wave Analysis – 17 February, 2019
February 17, 2020 at 02:51PM Sugar reversed from resistance area Likely to fall to 15.00 Sugar previously reversed down sharply from the resistance area lying between the multi-year resistance level 15.50 (which […]
EURCHF Wave Analysis – 17 February, 2019
February 17, 2020 at 02:50PM EURCHF reversed from strong support area Likely to rise to 1,0800 EURCHF recently reversed up from the strong support area lying between the long-term support level 1.0620 […]
$100K Bitcoin is too conservative a forecast
February 17, 2020 at 12:46PM Bitcoin (BTC) is going to hit a giant $400,000, celebrated TV host Max Keiser has said as he raises his price target for the first time since […]
7 critical success points from a self-made millionaire
February 17, 2020 at 12:28PM Gary Vaynerchuk wears many hats: serial entrepreneur, investor, and CEO. Here are seven things I learned from my afternoon with him: 1. Gary doesn’t get jetlag, but […]
Europe Stocks Gain on China Lift; Yen, Gold Slip: Markets Wrap
February 17, 2020 at 11:51AM European stocks rose on Monday after Chinese shares advanced with the yuan as investors took encouragement from the Asian country’s pledges to support the world’s second-biggest economy […]
Dollar growth possible targets and timing
February 17, 2020 at 09:28AM The dollar index closed last week above 99.0, in the three-years peaks area. After touching these levels in September-October last year, the US currency reversed downwards for […]
WTI Wave Analysis – 14 February, 2019
February 14, 2020 at 02:33PM WTI reversed from support area Likely to rise to 54.00 WTI recently reversed up sharply from the support area lying between the key round support level 50.00, […]
Fedex Wave Analysis – 14 February, 2019
February 14, 2020 at 02:32PM Fedex broke multi-month resistance trendline Likely to rise to 163.90 Fedex recently broke through the multi-month resistance trendline which has been reversing the price from April of […]
CADCHF Wave Analysis – 14 February, 2019
February 14, 2020 at 02:31PM CADCHF broke resistance area Likely to rise to 0.7450 CADCHF recently broke the resistance area lying between the resistance level 0.7360 and the resistance trendline of the […]
800 rate cuts on and investors throw money at everything: BofA
February 14, 2020 at 12:11PM Investors poured money into most asset classes last week, with bond funds attracting $23.6 billion and equities and emerging markets benefiting too, analysts at BofA said, noting […]
Explosion in Coronavirus Cases Sends Gold to 10-Day High
February 14, 2020 at 11:46AM The price of gold rallied on Thursday after an unexpected surge in reported coronavirus infections curbed appetite for risk. While stocks have recovered from an early-morning slump, […]
Trading schedule changes on the US Presidents Day
February 14, 2020 at 11:28AM Please pay attention that on February 17, 2020, the trading schedule for several instruments will be changed due to the US Presidents Day. The above schedule may […]
Bit-comment: Bitcoin holding above 10K threshold
February 14, 2020 at 11:19AM Bitcoin faced hard resistance at the approach of $10,500, rolling back to $10,100 at some point yesterday and after stabilizing at $10,200, where it is at the […]
Is it a good time to buy stocks now?
February 14, 2020 at 10:39AM News about the Chinese coronavirus three weeks ago broke into the headlines of financial media, making much buzz in world markets. However, in the markets, there is […]
Bitcoin Rally 2020 is another flash in the night?
February 14, 2020 at 09:50AM Crypto analysts are split on whether bitcoin’s rise this year is driven by unique factors or is just its latest bout of volatility. But many agree on […]
Singapore must prepare for a continued rise in coronavirus cases, minister says
February 14, 2020 at 08:05AM Singapore must be prepared for the number of people in the country infected with the new coronavirus disease — formally named COVID-19 — to continue to climb […]
Oil prices climb on prospects for deeper OPEC+ output cuts
February 14, 2020 at 08:02AM Oil prices edged higher on Thursday, as investors hoped the world’s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due […]
Fed fuelled interest for crypto hint working on the blockchain
February 13, 2020 at 03:12PM The Bitcoin held above $10,000 for a few days, and that’s the good news. The ability to stay above the threshold also supports the demand for altcoins. […]
Wheat Wave Analysis – 13 February, 2019
February 13, 2020 at 02:49PM Wheat reversed from support level 540,00 Likely to rise to 550,00 Wheat recently reversed up from the support level 540,00 (low of the earlier correction from December), […]
General Electric Wave Analysis – 13 February, 2019
February 13, 2020 at 02:48PM General Electric broke resistance level 13,00 Likely to rise to 13,50 General Electric recently broke through the resistance level 13,00 – which stopped the previous sharp upward […]
EURCAD Wave Analysis – 13 February, 2019
February 13, 2020 at 02:48PM EURCAD broke multi-month support level 1.4460 Likely to fall to 1.4300 EURCAD recently broke sharply through the strong multi-month support level 1.4460 (which has been reversing the […]
Inflation threat vs Asian virus
February 13, 2020 at 11:00AM The markets have returned to a cautious mood associated with a jump in the number of cases of coronavirus infection. New methods of disease assessment have led […]
Bitcoin dropped by $300 an hour: What’s the reason?
February 13, 2020 at 10:58AM Bitcoin (BTC) fell by almost 2% in an hour on Feb. 13 as markets faced rejection after reaching higher levels around $10,500. Data from Coin360 and Cointelegraph […]
Top 3 countries with the most optimistic employees
February 13, 2020 at 10:39AM Employees in India, Indonesia and China are more hopeful about their career prospects than workers in any other major economy, according to a new study from LinkedIn. […]
Hubei’s epidemic spike has pushed the stocks down
February 13, 2020 at 10:21AM Stocks in major Asian markets declined on Thursday as investors weighed a spike in the number of new coronavirus cases reported in China’s Hubei province due to […]
Dow jumped 200 points: the virus can’t stop the stock from growing
February 12, 2020 at 05:57PM Stocks rose on Wednesday as investors tried to shake off concerns over how the coronavirus would impact corporate profits and the global economy. The Dow Jones Industrial […]
FxPro Daily Insight for February 12
February 12, 2020 at 03:31PM Market overview Stock markets continue its recovery, and all the new comments of politicians are optimistic about the impact of coronavirus on the economy. China believes that […]
Sugar Wave Analysis – 12 February, 2019
February 12, 2020 at 02:00PM Sugar under bullish pressure Likely to rise to 16.00 Sugar is under the bullish pressure after the earlier breakout of the resistance zone lying at the intersection […]
General Motors Wave Analysis – 12 February, 2019
February 12, 2020 at 01:59PM General Motors reversed from support area Likely to rise to 35.65 General Motors recently reversed up from the combined support zone lying at the intersection of the […]
AUDUSD Wave Analysis – 12 February, 2019
February 12, 2020 at 01:58PM AUDUSD reversed from support area Likely to rise to 0.6775 AUDUSD recently reversed up from the support area lying between the long-term support level 0.6675 (which has […]
