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  1. #131
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    BITCOIN AND ETHEREUM PRICE FORECAST – BTC PRICES CONSOLIDATE THE GAINS

    The prices have been steady as the bulls try and hold on to the gains to inspire other traders and investors to join their lot.
    The BTC prices consolidated and ranged for much of the day and what should encourage the bulls is the fact that the markets was able to hold up the range break that we had seen over the previous day and this should set the tone for the coming days. The bullishness in the markets is clear for everyone to see and the fact that the breakout has arrived at almost the same time as when it happened last year as well, is something that is ominous for the markets. Now, the bulls would be hoping to keep pushing the prices higher and not allow it to fall back into the range over the next few days. If they do managed to do that, it would give a lot of confidence for the traders and the investors who are on the sidelines and this should help accelerate the bull run.
    BTC Prices Steady
    Now that the prices are clear of the $6800 region, the prices would now start to look higher with the next target being the $8000 region. Traders have to be careful about the correction that could happen as the prices might try to revisit the broken highs of the previous range and if and when that happens, that would be the ideal opportunity for the traders to buy some BTC for the next move higher. They also need to ensure that they place the stop losses at the correct areas so that they would be in a position to get out of the market if the prices and the market decides to fall back into the range once again.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news

  2. #132
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    BITCOIN HITS $8000 FOR THE FIRST TIME IN TWO MONTH

    Over the last 24 hours, BTC added more than 4% and overcame an important psychological level of $8,000, which sets optimists on the proximity of the new milestone of $10,000.
    Cryptomarket actively replaces altcoins in portfolios with the Bitcoin. Over the last 24 hours, BTC added more than 4% and overcame an important psychological level of $8,000, which sets optimists on the proximity of the new milestone of $10,000. Bitcoin was trading at $8189 at the time of writing.
    The top 10 coins for capitalizations show either a decrease or a slight increase from + 1.5% for Ethereum (ETH) to -52% for the Bitcoin Diamond (BCD), according to CoinMarketCap.
    The increase in the demand for the Bitcoin (BTC) coincides with the boost for daily volumes traded by 60% from $3.5 billion on Monday to $5.6 billion today. Investors bet for the market warming up with institutional money, as well as for the creation of investment products that would lead the demand for the Bitcoin (BTC) to a new mainstream level.
    Over the past month, the Bitcoin grew by 36% which contrasts sharply with 14% growth of the whole market ex BTC. The total cryptomarket capitalization without Bitcoin almost stagnated around $150 billion level for the previous month.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news

  3. #133
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    STRONG AUSTRALIA CONSUMER PRICE INDEX (CPI) TO FUEL AUD/USD REBOUND

    TRADING THE NEWS: AUSTRALIA CONSUMER PRICE INDEX (CPI)
    Updates to Australia’s Consumer Price Index (CPI) may fuel the recent rebound in AUD/USD as the headline reading for inflation is projected to increase to 2.2% from 1.9% per annum in the first-quarter of 2018.
    The Australian dollar may exhibit a more bullish behavior over the remainder of the month should the data prints put pressure on the Reserve Bank of Australia (RBA) to alter the forward guidance for monetary policy, and the central bank may start to change its tune in the second-half of the year as inflation approaches the central bank’s target of 2-3%.
    In turn, Governor Philip Lowe & Co. may prepare Australian households and businesses for higher borrowing-costs at the next meeting on August 7, but another below-forecast CPI print may drag on the Australian dollar as it encourages the RBA to keep the official cash rate (OCR) at the record-low throughout 2018.
    Read more:http://www.xtreamacademy.com/forex-news


  4. #134
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    CRUDE OIL, GOLD PRICES MAY RETREAT AS DOVISH ECB BOOSTS US DOLLAR

    CRUDE OIL & GOLD TALKING POINTS:
    Crude oil prices rise as EIA reports dramatic inventory drawdown
    Gold prices swing to range top courtesy of Trump/Junker meeting
    Dovish ECB might boost US Dollar, weighing on commodity prices
    Crude oil prices shot higher as EIA inventory data showed stockpiles shed 6.15 million barrels last week, an outflow nearly three times larger than the projected 2.23 barrel draw. The outcome likewise dwarfed the larger 3.16 million barrel decrease signaled in a private-sector estimate from API.
    Gold prices swung higher as the US Dollar weakened, boosting the appeal of the standby anti-fiat alternative. The greenback drifted lower as traders reduced exposure ahead of the closely watched meeting between US and European Commission presidents Donald Trump and Jean-Claude Junker, respectively.
    COMMODITIES MAY FALL AS DOVISH ECB BOOSTS US DOLLAR

    Looking ahead, the knock-on influence of the ECB monetary policy announcement may emerge as defining for near-term price action. The central bank has already put the path of QE asset purchases on autopilot through year-end but traders will want guidance on when rates will begin to rise thereafter.
    ECB President Mario Draghi will almost certainly face a barrage of questions to this end at the press conference following the announcement. Earlier messaging suggested a hike won’t come at least until the end of summer 2019. As of now, market pricing has written off an increase until the fourth quarter.
    Eurozone economic news-flow has cautiously improved in recent weeks, producing a cautious hawkish shift in expectations. The likelihood of an October hike has increased from 58.7 to 80 percent since mid-June. A call for restraint from the ever-cautious Mr Draghi might cool such optimism however.
    If this proves to be the case, the bellwether EUR/USD exchange rate might drop. Its unrivaled liquidity might mean that such a move echoes as broader-based US Dollar strength. Most commodity prices would face de-facto selling pressure in such a scenario because they are priced in terms of the US unit on global markets.
    Read more:http://www.xtreamacademy.com/forex-news

  5. #135
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    GOLD PRICE PREDICTION – GOLD SLIPS FOLLOWING ECB DECISION

    Gold prices edged lower after running into resistance near the 10-day moving average at 1,230, following the ECB meeting where the central bank left rates unchanged and said stimulus is still needed. The ECB was slightly more confident on growth and inflation and is poised to end its quantitative easing program in December and hold rates steady until the summer of 2019. Support on the yellow metal is seen near the July lows at 1,211 and then the July 2017 lows at 1,204. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal. Softer than expected U.S. Durable goods data helped capped the greenback, which has placed a floor under gold prices.
    ECB left policy rates on hold and confirmed the guidance on QE
    ECB left policy rates on hold and confirmed the guidance on QE, with net asset purchases expected to be reduced from October and phased out at the end of December this year. Rates are still expected to remain unchanged at least through the summer of 2019, so at least in the initial statement no clarification on whether that means until the end of September next year.
    Read more:http://www.xtreamacademy.com/forex-forecast

  6. #136
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    BITCOIN – A BIG FEW DAYS FOR THE BULLS TO GET THROUGH

    Sub-$8,200 support has kept Bitcoin at bay, but another pullback to $8,100 levels could see the week’s gains at risk. It’s a key part of the week.
    Bitcoin fell by 2.46% on Wednesday, partially reversing Tuesday’s 8.52% gain, to end the day at $8,183.1.
    In a relatively choppy start to the day, Bitcoin moved through to a start of the day intraday high $8,488.1, coming up short of the first major resistance level at $8,691.93 and Tuesday’s $8,506.7 high, before a mid-morning reversal saw Bitcoin slide through to a mid-afternoon intraday low $8,073.
    A late in the day recovery saved Bitcoin from heavier losses on the day, which would have seen Bitcoin slide back to sub-$8,000 levels to bring the first major support level at 7,857.23 and, more importantly, the 23.6% FIB Retracement Level of $7,857 into play.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news

  7. #137
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    GOLD PRICES MAY DROP AS US GDP BOOSTS FED OUTLOOK, DOLLAR

    GOLD & CRUDE OIL TALKING POINTS:
    Gold prices fall as dovish ECB translates into stronger US Dollar
    Crude oil prices edge up on inventory data, Saudi shipment halt
    US GDP data might keep gold under pressure, oil impact unclear
    Gold prices turned lower as the US Dollar returned to the offensive, tarnishing the appeal of anti-fiat alternatives. An early retracement of the prior day’s downswing was compounded by a dovish ECB policy announcement, which sank EUR/USD and echoed as broader support for the greenback (as expected).GOLD PRICES VULNERABLE AS US GDP DATA BOOSTS DOLLAR
    The spotlight now turns to US GDP data. Economists expect to see that the annualized growth rate ticked up to 4.2 percent in the second quarter, the highest in almost four years. A strong result may boost bets on a fourth Fed rate hike in 2018. Its probability is now priced in at 57.8 percent.
    Meanwhile, crude oil prices continued to edge higher, finding continued support in an impressive set of EIA inventory figures. News that Saudi Arabia suspended shipments through the Bab el-Mandeb Strait after Houthi attacks on two of its tankers probably helped as well.The US Dollar is likely to extend gains in this scenario, weighing on gold prices. The likely response from crude oil is clouded however. A pickup in growth bodes well for cycle-sensitive commodities but USDstrength applies de-facto downside pressure. Time will tell which catalyst proves to be more potent.
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  8. #138
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    DOLLAR HIGHER AFTER TRUMP ADMINISTRATION REOPENS TALKS WITH CHINA

    The US dollar rose on Tuesday after American inflation data was in line with expectations and consumer confidence came out higher than forecasted. The U.S. Federal Reserve wraps up its two day Federal Open Market Committee (FOMC) meeting on Wednesday at 2:00 pm EDT. The market is not anticipating a major change from the language on the rate statement or the interest rate itself. The September Fed meeting has been priced in for another rate hike as the Fed continues its path toward monetary policy normalization. The private payrolls report from the ADP is expected to show a gain of more than 180,000 jobs and serve as the preamble to the biggest indicator release in the market the U.S. non farm payrolls (NFP) due on Friday.
    Dollar Rebounds Ahead of FOMC
    The EUR/USD fell on Tuesday. The single currency is trading at 1.1689 after breaking above the 1.17 price level on positive European indicator releases during the European session. The USD started gaining traction with the release of inflation data and higher consumer confidence numbers but it was the reports that the US and China are trying to meet to discuss trade that boosted the currency. Private conversation are said to be ongoing with a goal of having ministerial meetings that have been on hold since the trade war rhetoric escalated.
    monetary policy on Wednesday and without a press conference the focus will be on the language changes in the statement. The Fed has already hiked twice in 2018 and policy members have talked about two more interest rates lift if the economy continues on its current growth path. President Trump has already commented that he is not a fan of the Fed’s decision to keep driving interest rates higher. Chair Powell has so far avoided commenting outside of the central bank’s mandate and this week there won’t be a chance for the financial press to seek his opinion on the matter of the Fed’s independence.
    Read more:http://www.xtreamacademy.com/forex-news

  9. #139
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    BITCOIN’S RALLY STALLED BELOW $8000, CRYPTOS ARE BACK IN RED

    In the middle of the previous week the rally got stuck near $8300 level and since then the Bitcoin’s price has slowly decreased.
    Last week it became obvious that the Bitcoin had big difficulties with further growth above $8000. During the weekend, it held above $8,200 mark, but yesterday it suddenly fell below $7900. Most likely, it was “a belated reaction” on SEC refusal to launch the Bitcoin ETF. Nevertheless, shortly after this rollback new buyers entered the market. As a result, trading volumes increased by 22% and the price went back to the latest levels. Market participants evaluated this movement as a large investors’ attempt to prevent the market from the deeper correction.
    After a recovery in the past week, the crypto market is back in the red with Ethereum, Bitcoin, Bitcoin Cash, Ripple and Dash fall more than 5%.
    At the moment technical analysis is not on a bull side. In the middle of the previous week the rally got stuck near $8300 level and since then the Bitcoin’s price has slowly decreased. RSI indicates sell signals due to its coming back again to the levels below 70 after its peaks a week earlier. This is a bear signal, which could be reinforced in case if the price drops below $7850, recent lows. Then, it might be a sell-off signal not only for the technical analysis fans but also for ordinary investors.
    The desperate desire of the enthusiasts to see a new rally outweighs the fundamental basis for the growth. It is very likely that this desire is heated by Tether and Bitfinex exchange speculations. Taking into account the absence of positive drivers, the market is under the threat of correction.
    Among promising news, there was a report from South Korea about the probable launch of transparent cryptocurrency and blockchain regulation in the Q4 of 2018. Korea is the third largest crypto market after the USA and Japan, so it is difficult to underestimate such prospects. The regulation in South Korea almost certainly will lead to a significant growth of crypto assets popularity and an influx of new funds.
    Read more:http://www.xtreamacademy.com/cryptocurrency-news

  10. #140
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    BITCOIN – THE BEARS ARE COMING TO TOWN

    Bitcoin’s hit on Tuesday raises the possibility of a resumption to the bearish trend that saw Bitcoin down at $5,000 levels. Regulatory risk is the key.
    Bitcoin tumbled by 5.35% on Tuesday, following a 0.63% fall on Monday, to end the day at $7,741.1.
    Playing catch up, following two days of minor losses relative to the broader market, Bitcoin slid from a start of the day intraday high $8,178.9 through the first major support level at $7,919.37 to an early afternoon intraday low $7,664.9, calling on support at the day’s second major support level at $7,670.03 before recovering to $7,700 levels by the day’s end.
    While the near-term bullish trend remained intact, with Bitcoin managing to steer clear of the 38.2% FIB Retracement Level of $7,456, the pullback through the 23.6% FIB Retracement Level of $7,857 and failure to break back through to $8,000 levels has raised the prospects of a resumption to the bearish trend formed back at 5th May’s swing hi $9,999.
    An anticipated roll out of rules and regulations across key jurisdictions continue to drive volatility across Bitcoin and the broader market, with the latest news being of the South Korean government clear intent to pass law as quickly as possible to beef up anti-money laundering policies and to introduce minimum standards on the security side that exchanges would need to meet in order to minimise the risk of theft.
    A delay to the G20 unified rules and regs to October will likely have led to the South Korean government’s sense of urgency, which raises the question on whether other jurisdictions will follow.
    While it may be considered a positive for crypto exchanges to be forced to improve security levels and to also improve on KYC and anti-money laundering processes, the ability of the exchanges to meet the demands of governments and regulators continues to be a key issue, with increased scrutiny at the verification process another issue that the broader market continues to balk at.
    At the time of writing, Bitcoin was down 2.2% to $7,561.0, with Tuesday’s sell-off continuing into the early hours of this morning, Bitcoin pulling back from a start of a day $7,756.1 morning high to a morning low $7,515, calling on support at the day’s first major support level at $7,544.37.
    Read more:https://www.xtreamacademy.com/cryptocurrency-news

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