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Pound clings on in forex markets as Theresa May survives vote

After the break higher yesterday Bitcoin has consolidated into a bull flag formation.The technical pattern now looks susceptible to an upside break. There is also a relative strength index (RSI) trendline break on the cards that could indicate more upside pressure.Volume is much lighter than yesterday and if it does not pick up sometimes thatContinue reading “Pound clings on in forex markets as Theresa May survives vote”

Dollar finally sees good news in forex markets as talks progress

As per CoinDesk, ConsenSys is giving away $175,000 in grants to seven Ethereum-based projects. These projects include Lighthouse, Tellor and Alice, among others. ConsenSys Head of Experiential Marketing, Yadira Blocker, said about the grant recipients: “In Wave 1, we saw a lot of applications but they weren’t super strong. In Wave 2, we started toContinue reading “Dollar finally sees good news in forex markets as talks progress”

Dollar enjoys more forex market success as risk back on the agenda

The Intercontinental Exchange and their flagship Bitcoin product Bakkt are said to be looking to jump in ahead of the CME group to release a Bitcoin options contract.Apparently, It wants to beat its rival CME, which is looking at a 1Q 2020 launch for its own bitcoin option contract. Deribit in Amsterdam already sell BitcoinContinue reading “Dollar enjoys more forex market success as risk back on the agenda”

Forex analysts missed the boat in 2018 – Will it happen again in 2019?

Federal Reserve’s Mester has said that the US is likely to avoid a serious downturn.Speculators are pricing in a rate cut from the Fed for later this month. However, the concentration has been elsewhere this week with the seesaw trade talk headlines, conflicting from start to finish ahda of tomorrow’s key meting between Trump andContinue reading “Forex analysts missed the boat in 2018 – Will it happen again in 2019?”