Consolidation Continues, Profits Are Taken The cryptocurrency market continues to consolidation following the 5-month highs hit two week’s ago. The market is undergoing an understandable round of profit-taking driven by this years big gains. While Bitcoin is still down more than 60% from its all-time high it and other digital coins and tokens have posted […]
The Dollar Is Breaking Out And Moving Up The U.S. Dollar Index broke out of its long-term trading range this week. The move is driven by positive data and a growing belief the U.S. economy is still leading the global advance. Friday’s read on GDP underscores this belief, up 3.2% at the headline, and well […]
The Basic Attention Token Is A Market Leader While the entire cryptocurrency market has been slowly waking up the Basic Attention Token has been marching steadily higher. Up more than 320% from the 2019 low this token is a market leader and likely to retest its all-time highs in the not-too-distant future. Currently sitting at […]
Forex Majors – Technical Overview And Weekly Predictions Trading volumes remain thin as major FX hubs across Europe and the US are closed in celebration of Good Friday and the Easter Holiday. However, the US Dollar remained strong across the board and made solid advancements against its main counterparts this week. Whether these gains will […]
Very few, if any, other cryptocurrencies are used quite the way Binancecoin is used. This token, like no other, is meant to appreciate. It is engineered to appreciate, it can’t help it. Binancecoin is the Binance Exchange mechanisim for returning value to its “shareholders”. The shares are tokens of BNB, BinanceCoin, the mechanism for returning […]
Major Forex Pairs – Technical Overview And Weekly Predictions A marathon deliberation between EU leaders determined that Britain will remain a member of the European Union until October 31st.. The option to leave earlier is still on the table provided Theresa May can secure enough votes for a Brexit agreement. The European Central Bank is […]
Inflation Data Will Move The Dollar With the labor market as tight as it has been decades the FOMCs focus is squarely on inflation. That makes this week an important for dollar traders because we’ll get a read on the FOMC as well as two key indicators of inflation, CPI and PPI. The read on […]
EOSIO (EOS) – Overview And Long Term Price Forecast Launched in July 2017, EOSIO aims to become the best infrastructure for building decentralized applications (dApps), bad news for Ethereum. Its blockchain architecture allows for vertical and horizontal scaling of dApps. This is made possible by emulating most of the characteristics of a traditional computer upon […]
Bitcoin Tops $4,000, And It Holds This is a make or break moment for Bitcoin. The world’s leading cryptocurrency and reserve digital token is trading above $4,100 and looks like it could higher. It also looks like it might top out at this level so patience is the name of today’s game. The BTC/USD may […]
Uber, the ride-hailing app, is planning to float on the stock market in April. According to reports from the Reuters news agency, the company will register with US regulator the SEC. It is also planning a roadshow for investors in April. This is the second company in the same industry to float stocks on the […]