EUR/USD has been moving sideways in the 1.0100-1.0270 channel for almost three weeks. Timid attempts to break through the upper or lower border of the channel have ended in failure each time. Could it be the summer holiday season to blame? Most likely, the reason is the unexpected economic statistics from the US.
August 8, 2022
Bitcoin has been down 1.2% over the past seven days, trading at $23,600. These are tiny moves by crypto market standards. Indeed, the first cryptocurrency has been dealing with little amplitude over the past week. Ethereum has added the same amount of 2.6% to $1720 in the last 24 hours and seven days.
August 8, 2022
Billionaire Warren Buffett runs the Berkshire Hathaway fund. It is the leading investment fund in the entire US. And it’s all due to the business acumen and iron fist of one of the most successful investors in the world. The maximum share belongs to Apple — 42.79%. Number two are Bank of America and American Express (11.45% and 7.8%).
August 5, 2022
Bitcoin has lost 2.1% in the past 24 hours, pulling back to $22.9K. Ethereum has fallen 6.5% over the same period, to $1580. Top altcoins fell from 2.7% (XRP) to 12% (Polkadot). Total cryptocurrency market capitalization, according to CoinMarketCap, fell 3.7% to $1.05 trillion during the day. The cryptocurrency Fear and Greed Index fell further to 31 by Tuesday morning, marking the exhaustion of last week's bullish momentum.
August 2, 2022
Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory. Pelosi is currently on a tour of Asian countries and although it had been rumoured that she would make a stopover to Taiwan, her trip was only confirmed late on Monday, sparking threats of retaliation by Chinese officials.
July 30, 2022
Many of us will remember equities' heady heights of 2020 and 2021 with nostalgia. Back in the age of the meme stock, it seemed like the bull market would never end. Liquidity was flowing in from all sides, and it looked as if companies like Tesla, Netflix, Meta and their like were about as close to a sure thing you could find.
July 28, 2022
Cardano was late to the crypto market compared to many others, but the altcoin crypto asset is brimming with innovation, giving it incredible projected growth which fueled early hype and price growth. Cardano potential is still extremely high, if not higher than before.
July 28, 2022
Bitcoin has surpassed the $23170 mark, adding more than 9% in the past 24 hours. Ethereum jumped 13% to $1640. Other leading altcoins in the top 10 have gained between 6% (BNB) and 15% (Polkadot). The total capitalisation of the crypto market, according to CoinMarketCap, rose 8.9% overnight to $1.06 trillion.
July 28, 2022
US stocks closed positive for the week, with huge gains made mid-week able to erase losses incurred early week and on Friday. Positive earnings by firms that reported in the week gave investors the confidence to return to the market, buoying up tech shares after the US Senate pushed forward a $50 billion bill to bolster chip manufacturing in the US.
July 27, 2022
Turmoil ensues in the global financial scene with rampant inflation, amplified recession fears and wide-reaching geopolitical risks, have investors scramble to reassess the future prospects of the shiny metal. Not only that, but the declaration of monkeypox as a global health emergency from WHO, stirred the waters even more.
July 27, 2022
Bitcoin is clinging to the $21,000 level, having changed little in the past 24 hours, while Ethereum is adding 1.7% overnight to $1450. Prices of the top altcoins range from -0.6% (Cardano) to +4.2% (BNB). The total capitalisation of the crypto market, according to CoinMarketCap, rose 0.85% to $978bn overnight.
July 27, 2022
Turbulence persists in the global economic scene and investors scramble to assess the future prospects of the bullion, as the rising tide of contagious inflation, recession fears and geopolitical risks continue to lash relentlessly onto the markets. In this report we aim to shed light on the events of the recent past and upcoming events.
July 26, 2022
About 85% of central banks have already invested or are considering investing in the yuan, according to UBS based on a survey of 30 central banks. This Fight for the lion’s share of the cake is 81% more than the year before. On average, central bank currency managers plan to hold about 5.8% of their reserves in yuan over the next 10 years.
July 26, 2022
Should you buy Bitcoin at $20k or wait for an even bigger drop? There are many arguments in favor of not postponing the purchase of the flagship crypto. The arguments are pretty strong. Bitcoin is a classic cryptocurrency, purchased for a long-term period. Bitcoin is not traded speculatively, but for HODLing purposes.
July 26, 2022
The single European currency showed slight growth at the beginning of last week, fixing a local high at 1.0272. There are three reasons for this. The first and most banal one is a corrective rebound after the EUR/USD pair, having broken through the parity level of 1.0000, found the bottom at 0.9951 on July 14.
July 25, 2022
The European Central Bank threw its rule book out the window on Thursday as policymakers defied their own forward guidance of a 25-basis-point rate hike to lift their three main lending rates by 50 bps. The move effectively marks the end of negative rates for the euro area.
July 22, 2022
The euro is clawing higher ahead of the European Central Bank’s widely anticipated interest rate rise – the first in 11 years – later today. There is some uncertainty as to how heavily the ECB will lean on the hawkish side after it was disclosed that policymakers are considering a 50-basis-point increase.
July 21, 2022
How long does forever last? Just over a year, if you're Elon Musk. Tesla has indicated in its quarterly report that it has sold three-quarters of its Bitcoins, citing uncertainty. The past selling does not change the market disposition, as all transactions have already been made.
July 21, 2022
Bitcoin jumped 8.5% to $23,300 on Tuesday, showing a 20.8% gain over the last seven days. BTC has tested the highs since June 13 near $23,700, and on Wednesday, it is trying to consolidate above its 50-day moving average. The dynamics near that line often acted as a reliable medium-term trend indicator...
July 20, 2022
The market mood improved dramatically overnight after Wall Street notched up its best daily gains in almost four weeks. After the recent avalanche of dreadful headlines, things appear to be looking up somewhat, leading some investors to speculate whether the worst is over.
July 20, 2022
FP Markets has added ETFs CFDs to its wide range of over 10,000+ products available to trade on the global markets. ETFs are a type of pooled investment security traded on a stock exchange in the same way that a regular stock can be traded.
July 19, 2022
The greenback's rally was spurred on by recent US inflation data. The consumer price index (CPI) reached 9.1% in June, exceeding the forecast of 8.8%. Note that this was observed only 12 times in 110 years, and the last time inflation rose above 9% was in 1981.
July 18, 2022
Bitcoin formally closed last week lower, ending it near $21,100. At the time of writing, the upside momentum has built up, taking the price to 21,800, the upper end of last month's consolidation range. Ethereum jumped 14.1% last week and is adding another 6.7% since the start of the day on Monday, rising to $1430.
July 18, 2022
Nansen's NFT analysis draws into focus the numbers behind the market's first bearish cycle. Blockchain analytics service Nansen has published its NFT Indexes Report for the second quarter of 2022, showing the market dynamics and quantitative performance of nonfungible tokens (NFTs) over the last three months.
July 15, 2022
Professional investors are warming to Ethereum again as ETH-based funds see a third consecutive week of inflows. Ether (ETH) prices may have dipped again on Wednesday, but there are signs that professional investors are warming to the asset as the highly anticipated Merge draws closer.
July 15, 2022
On 18 July 2022, Alphabet will have its stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by the same multiplier. Google will conduct a 20-for-1 stock split (1 share will be split into 20).
July 15, 2022
The much obsessed about psychological level was tagged today. We haven't seen a follow through to decisively breach 1 just yet, but it looks like the higher probability scenario. It’s been a one-way move south for EURUSD as 2022 got underway. The euro has depreciated by over 11% against the dollar since the beginning of the year.
July 14, 2022
In February 2022, the board of directors of Alphabet Inc. decided on another split of shares in the proportion of 1 to 20. The last time the split occurred in 2014, when the value of securities exceeded $1 000. Then the shares were divided in a ratio of 2:1. Since then, the value of a single share has already crossed the $3 000 mark in 2021 and is currently worth over $2 200.
July 14, 2022
The major stock market news today is about Wall Street indexes declining due to speculation that the U.S. Federal Reserve would raise interest rates. According to a study from the Labor Department, the Consumer Price Index (CPI), which analyzes how much money urban consumers spend on a variety of items.
July 14, 2022
Since the beginning of the day, the Bitcoin price has been recovering from yesterday’s low of $19,240. We have already climbed up to $19880 and will soon test the $20000 level again. If the price of Bitcoin rises above and sustains for a certain period, then there would be an opportunity for continued recovery.
July 14, 2022
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Crypto Market Could be on the Verge of Another "Winter": Investment Worthy Cryptocurrencies in 2023
The crypto industry hasn’t lived through such a crisis since 2018 when the first post-halving rally ended with capitulation and the eventual fall of Bitcoin (BTC) to $3,000. That infamous period was dubbed the Crypto Winter, and it seems that the chilling wind is blowing again. Unfortunately, Bitcoin has been failing its mission to serve as the global reserve currency, the digital gold as many labeled it.