Bitcoin (BTC) is at the start of its next “main bull run” and the price peak won’t hit until the end of 2021, well-known analyst Willy Woo believes. In one of many recent Twitter discussions on Nov. 11, the creator of statistics resource Woobull produced fresh evidence that Bitcoin’s price gains are only just beginning.
Month: November 2020
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Forex Trading related discussions welcome! This stream is for educational purposes ONLY. Regular weekday stream timings: Stream starts @ 7am – 1030am GMT Trades Taken Timestamps: 0:00 Intro 6:40 GJ long +24 pips 1:01:20 GJ long +6 pips 2:31:31 Check out our hilarious reactions during the unexpected Brexit news ? Get updates on breaking financial
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Dow industrial average closes lower for the 1st time this week The NASDAQ index led the charge today the gain over 2%. As it closes near session highs NASDAQ snapped today slide Dow industrial average snaps 2-day rise NASDAQ closes higher for the 1st time in 3 days. The pair fell -1.53% on Monday, and
A couple of comments out of National Australia Bank commodity research highlight two important factors for oil. 1. Vaccine progress: “It’s great news, no question about that … But it will take time for vaccines to be rolled out, and therefore it will take time for demand to be positively impacted by that” and 2.
Gold prices fell 1% on Wednesday hurt by a stronger dollar, while optimism around a potential COVID-19 vaccine raised hopes for a quick economic rebound, driving investors towards riskier assets. Spot gold was down 0.9% at $1,860.61 per ounce by 09:30 a.m. EST (1430 GMT). U.S. gold futures fell 0.9% to $1,859.60. “Gold’s got two
RBNZ announced that a Funding for Lending Program (FLP) will be implemented in “early December” with an initial size of about NZD 28B. Further details will be announced in coming weeks. The program aims at providing loans to commercial banks at low cost (e.g.: 0.25%). The central bank left other monetary policy measures unchanged: OCR
A pedestrian wearing a protective face mask walks by a going out of business sign displayed outside a retail store in New York City. Noam Galai | Getty Images A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support as its recovery loses momentum, an
USD/CAD prints a rising wedge bearish reversal pattern on the hourly chart. A breakdown would expose the recent low of 1.2928. USD/CAD’s recovery from Monday’s low of 1.2928 to 1.3070 has taken the shape of a rising wedge pattern as per the hourly chart. A rising wedge comprises converging trendlines connecting higher highs and higher
Dow working on its 7th gain in 8 days The rotation out of the NASDAQ stocks into the Dow has slowed today. All the major indices are higher on hopes that a Covid solution will ultimately lead to stronger growth than 2021. The NASDAQ leads the way in early trading. The NASDAQ is looking to snap a
Edison Research gives the nod to Pres. Trump in Alaska Edison research has given the nod to Donald Trump in the presidential election over Joe Biden. 75% of the estimate of only has been counted. Why the long delay in a state with a low population? Due to Alaska’s sprawling geography, officials count absentee ballots that
Refined soya oil prices on Wednesday rose by Rs 14 to Rs 1,017.5 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for November delivery moved up by Rs 14, or 1.4 per cent, to Rs 1,017.5 per 10 kg in 14,590 lots.
New Zealand Dollar surges broadly today as markets see that RBNZ has less need to cut into negative next year. Kiwi’s strength is somewhat taking Aussie higher too. On the other hand, Sterling is paring some of yesterday’s strong gain while Dollar is following as second weakest for now. Market activity could be subdued for
A United States Postal Service (USPS) worker works in the rain in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters LONDON — The next six months will remain turbulent as the global economy keeps grappling with the effects of the coronavirus pandemic, Eric Rosengren,
The United Kingdom will report the preliminary estimate of its Q3 Gross Domestic Product this Thursday at 07:00 GMT and the figure is expected to indicate a nice comeback in the three months to September. The release could trigger some action around GBP crosses but it’s unlikely that it could provide sustainable support to sterling,
İstanbul Başakşehir, last season’s winner of the Turkish Süper Lig, has joined the Socios platform and will launch its own fan token ($IBFK) by the end of 2020. $IBFK, like other fan tokens in the Socios ecosystem, confers voting rights and rewards upon holders and is designed to boost fan engagement, and to monetize various
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