Bitcoin (BTC) is on track to reach or even exceed gold’s market value. In fact, when the digital currency was trading around $ 100, its value had already reached roughly 10% of gold’s market capitalization. Currently, gold’s market value is around $ 10.7 trillion. Bitcoin, by contrast, has approximately $ 1.1 trillion. Obviously, this brings […]

Gold and silver, although proven themselves to be the storehouse of wealth, are facing difficult problems at the moment. But one US politician is trying to change this, proposing a new legislation. On Tuesday, US Representative Alex Mooney introduced the Monetary Metals Tax Neutrality Act to the House of Representatives. Under the bill, capital gains, […]

OPEC+ said to discuss options that include rollover and gradual oil output increase later todayReuters reports, citing sources familiar with the matterA rollover of existing production cuts is what the market is largely expecting now but the question is, for how long and what are the terms. Reuters sources are saying that there may be […]

Gold closed with a strong growth yesterday, winning back all the losses it incurred earlier. But in terms of the whole price movement, the yellow metal underwent the largest decline it had since the fourth quarter of 2016. On Wednesday, April futures for gold (in NYMEX) increased by 1.8%, hitting $ 1,713.90 per ounce. A […]

According to the results of Wednesday’s trading, the June contract for Brent declined to $62.74 per barrel. Thus, the North Sea oil mix lost 2.7%. The Texas brand also plunged to $ 59.16. As a result, there was only a 2.3% difference with the previous session for the May WTI futures. On Thursday morning, the […]

GBPJPY in the last nine days has logged only one bearish doji candle and it seems set to push to new heights as upside pressures continue to overpower. It appears the pivot at 147.39 gained significant traction refuelling the rally and lifting the price to a 34½-month high of 152.22. The rising Ichimoku lines are […]

J. Biden’s expected approval on the decision of the Congress (Upper and Lower House) regarding the stimulus measures to help the US economy and its citizens in the amount of $ 1.9 trillion, failed to make an impact on global markets. Such investors’ mood can be explained by the fact that this event is no […]

Crypto Industry News: The American banking giant Goldman Sachs recently decided to restart its cryptocurrency trading office. Apparently, this has led to an increased demand for digital assets among the customer base. Goldman Sachs chief operating officer John Waldron said the company is researching how to meet the growing demand of customers looking to invest […]

Crypto Industry News: The Russian central bank expects to start pilot programs for its central bank’s digital currency in 2022, the board member said. Bank of Russia vice president Alexei Zabotkin said the bank plans to complete the digital ruble prototype by the end of 2021, local news agency Prime said Wednesday. He announced his […]

Technical Market Outlook: The GBP/USD pair has retraced 50% of the last wave down and made a local top at the level of 1.4001. The market conditions are now overbought on the H4 time frame, so the down move might start soon. The intraday technical support is seen at the levels of 1.2889 and 1.3857. […]

CADJPY has been growing exponentially since the break above a three-year-old resistance trendline at the end of January, crawling above its simple moving averages (SMAs) in all timeframes and to the highest peak in more than two years. In the daily chart, although the RSI and the Stochastics have yet to plot any downside reversal […]

Technical Market Outlook: After the EUR/USD pair broke out of the main descending channel zone the pair made a new local high at the level of 1.1989, just below the technical resistance located at 1.1994. There is an short-term trend line support located around the level of 1.1925 and any violation of this level will […]

Europe is at risk of another pandemic wave. Daily incidents in both France and Italy are huge, and the pace of vaccinations is very slow. EUR / USD: Euro rose after the ECB confirmed that it intends to extend support measures until April next year. However, even if the euro traded upwards, it is still […]

USDCAD is heading marginally north after the slip to the 1.2525 support level, however, the pullback off the descending trend line in the previous sessions signals a strong negative momentum in the broader outlook. From the technical view, the MACD oscillator is suggesting a flattening movement as it stands slightly below its zero and trigger […]

Germany’s DAX rose 0.2% to hit its all-time high, Britain’s FTSE 100 rose 0.17%, and France’s CAC 40 rose 0.72%, hitting a record high since February 2020. Italy’s FTSE MIB and Spain’s IBEX 35 added 0.82% and 0.8%, respectively, with both indicators also ending the day at annual highs. Following the March meeting, the ECB […]

One can only admire the resourcefulness of the head of the European Central Bank as during her press conference, Christine Lagarde immediately removed all unpleasant questions about the catastrophic collapse in retail sales that followed immediately after the rise in consumer prices. It turns out that the difficulties in the economy are related exclusively to […]

USD/JPY The Japanese yen continued to adhere to its target yesterday to exit the declining price channel, that is, above the 109.17 mark, move towards the target level of 110.34, and possibly further rise. If we analyze the pair’s growth amid the confusing ECB meeting on Thursday, there is a high probability that the price […]

AUD/USD The Australian dollar, which was prepared for a technical fall yesterday at the meeting of the European Central Bank, did not see a decline in European currencies, it quickly changed the trend to an upward one. The price at the end of the day rose by 53 points, gaining a foothold above the Kruzenshtern […]

EUR/USD Yesterday’s European Central Bank meeting passed in the expected manner – while maintaining the rate (in the context of expectations) from the second quarter, the central bank will increase the volume of purchases under the PEPP program. But ECB President Christine Lagarde said that in the presence of such plans, there is no final […]

4-hour timeframe Technical details: Higher linear regression channel: direction – upward. Lower linear regression channel: direction – sideways. Moving average (20; smoothed) – sideways. CCI: 61.1506 The British currency continued its not too strong upward movement over the past day. Thus, at the moment, a new upward trend has formed for the pair, which may […]

GBP/USD 5M The GBP/USD pair also continued its upward movement, which is clearly seen at once by the two linear regression channels directed to the upside on the 5-minute timeframe. The pound/dollar pair moved almost identically to the euro/dollar pair. As always, there was a complete flat during the evening, since this time does not […]

EUR/USD 5M The EUR/USD pair traded quite interestingly on March 11, maintaining an upward trend. The dollar continued to fall in price during the day, while the euro depended on the ECB meeting and its results. However, we can immediately say that in practice, traders showed a very modest reaction to a very important fundamental […]

Denmark has announced the suspension of the use of vaccinations against the COVID-19 coronavirus produced by the Danish-Swedish pharmaceutical company AstraZeneca due to the threat of thrombosis up to a fatal outcome. The first cases of blood clotting disorders and severe pulmonary thromboembolism are reported in the European news without specifying the number of victims. […]

The correction of cryptocurrencies lasted less than expected. Apparently, the crypto markets have gone to re-assault all-time highs for the main cryptocurrency, while the altcoins will test their resistance levels. With breakdowns, cryptocurrencies can continue to grow, while failure to overcome the current boundaries will again bring back the market to decline. Once again, Bitcoin […]

The cryptocurrency market has finally recovered from the price correction and is ready to reach new peaks. The main driving force of digital assets is still Bitcoin. The value of this leading digital asset continues to grow and has already got near to a historical record. An additional factor can be called the creation of […]