|
|||||
 |
[embedded content] RAND ANALYSIS Missed QoQ GDP hampers rand gains. USD/ZAR advances off key support. Advertisement ZAR FUNDAMENTAL BACKDROP Stats SA have released Q2 GDP data (see calendar below) for 2021 outperforming YoY estimates. The low base last year reflects an exceptional performance but relative numbers across other nations paints a . . . → Read More: USD/ZAR Breaking News: Rand Fades After Mixed South African GDP Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the layer-two ecosystem is now processing more daily transactions than the Bitcoin network, according to recent findings. According to CoinMetrics data collated by industry analyst and Week In Ethereum News founder Evan Van Ness, there . . . → Read More: Ethereum layer-twos reportedly processing more transactions than Bitcoin Australian Dollar, RBA, Rates, Commodities, ASX 200, AUD/USD – Talking Points RBA left rates unchanged and reduced the amount of asset purchasers AUD/USD had been rallying in the lead up, but spike up was reversed Australia’s ASX 200 softened, 10-year yields down a touch The AUD/USD immediately moved up a quarter of a . . . → Read More: Australian Dollar Fades Knee-Jerk Rally on RBA Tapering Plan, Will AUD/USD Rise? New Zealand Dollar, ASX 200, RBA, US Dollar, Treasury Yields, Aluminum – Asia Pacific Market Open Monday’s Recap – The US Dollar Outperforms as the New Zealand Dollar Sinks Despite a rather rosy Monday for market sentiment, the risk-sensitive New Zealand Dollar and Australian Dollar were some of the worst-performing G10 currencies. In . . . → Read More: New Zealand Dollar Sinks as US Dollar, Treasury Yields Rise. ASX 200 Eyeing RBA El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender. “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 . . . → Read More: El Salvador purchases first 200 BTC, President Bukele confirms US Dollar, EUR/USD, AUD/USD, COT Report –Analysis USD Bulls Increase, Despite Cautious Powell AUD Negatives Priced In, Outlook Depends on RBA CAD Flips to Net Short USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips Shorts – COT Report In the most recent reporting period to August 31st, speculators continued . . . → Read More: USD Bulls Extend, AUD Outlook Depends on RBA, CAD Flips to Short – COT Report Bitcoin’s (BTC) market capitalization is nearing the $1 trillion mark and several altcoins have also been rallying hard in the past few days. This has driven the Crypto Fear and Greed Index into the extreme greed territory where the range fluctuates between 79 and 100. Generally, tops are made when the index hits around . . . → Read More: Price analysis 9/6: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK CRUDE OIL (LCOc1) ANALYSIS Breaking news – lower crude oil prices for Asia. Crude demand forecast set to increase. Symmetrical triangle remains in focus – key levels being tested. CRUDE OIL FUNDAMENTAL BACKDROP The major crude oil export from Saudi Arabia “Arab Light” is in focus today as state owned Saudi Aramco cuts . . . → Read More: Crude Oil Price Under Pressure as Saudi Aramco Cuts Prices Into Asia Union Investment, a $500 billion asset manager, is planning to add Bitcoin (BTC) to several investment funds as part of a targeted pilot program for its institutional clients, offering compelling evidence that crypto is becoming more mainstream in Europe’s largest economy. The Frankfurt-based institution told Bloomberg on Monday that it is considering adding BTC . . . → Read More: German asset manager Union Investment seeks BTC exposure for several funds Bitcoin (BTC/USD) Price Update: The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Bitcoin (BTC/USD) Bulls Take a Breather Below $52,000 After two consecutive months of gains, Bitcoin (BTC) bulls managed to drive price . . . → Read More: Bitcoin (BTC/USD) Price Forecast: Boom or Bust for Bitcoin Bulls Above $52,000?
Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an era of centralized social media dominance. In many ways, social media is a vital component of daily life for both . . . → Read More: How the Bitcoin model can solve the social media dilemma Bitcoin (BTC) began testing new support levels on Monday after an overnight rally paused at $52,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Bitcoin needs to keep $47,000 to avoid “breakdown” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD challenging $51,000 after breaking through the level for the first time in nearly . . . → Read More: Bitcoin preserves $51K — Here are the BTC price levels to watch Nasdaq 100, Nikkei 225, Non-Farm Payrolls, Fed, Technical Analysis – Asia Pacific Indices Briefing Nasdaq 100 shined as S&P 500, Dow Jones fell behind on mixed NFPs APAC markets eye illiquid trading conditions, Wall Street offline ahead Nikkei 225 looking for follow-through after best week since May 2020 Friday’s Wall Street Trading Session Recap . . . → Read More: Nasdaq 100 Rose After Mixed NFPs. Nikkei 225 Saw Best Week Since 2020, More Next? Australian Dollar, AUD/USD, Covid, Japan, COT – Talking Points Australian Dollar prepares for Reserve Bank of Australia rate decision Covid cases hit record high in Australia as NSW drive bulk of infections AUD/USD at multi-month highs but prices may be ripe for a pullback Monday’s Asia-Pacific Outlook The Asia Pacific session may see . . . → Read More: Australian Dollar Forecast: AUD/USD Traders Brace for RBA, Chinese Data Bitcoin (BTC) is struggling to sustain above $50,500 but that has not stopped the altcoins from following in Ether’s (ETH) footsteps after the top-ranked altcoin hit $4,000 on Sept. 3. This has pushed Ether’s market dominance above 20% while Bitcoin’s dominance has shrunk to 41.1%. However, Bitcoin’s hesitation in the past few days has . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, LTC, FIL, FTT, MIOTA Bitcoin (BTC) should cost at least $55,000 per coin according to one metric measuring its so-called “supply shock.” In a tweet on Sep. 5, analyst Willy Woo highlighted what he added is a “conservative” price estimate for BTC/USD. Bitcoin price plays catch-up with metrics While Bitcoin has still not established $50,000 as firm support, . . . → Read More: ‘Conservative’ BTC supply shock metric now says Bitcoin should cost at least $55K Despite a huge miss in US non-farm payrolls, where the nation added 235k jobs versus 733k expected in August, most stocks on Wall Street concluded the week higher. The tech-heavy Nasdaq 100 outperformed the S&P 500 and more cyclically-sensitive Dow Jones. Expectations that the Fed may not taper this month boosted growth stocks. . . . → Read More: Markets Week Ahead: Nasdaq 100, AUD/USD, RBA, EUR/USD, ECB, USD/CAD, BoC DAX 30 and S&P 500 FORECAST: BULLISH NFP data leaves investors concerned about the tapering timeline Key levels to watch for the DAX 30 and S&P 500 The latest reading on NFP data has been disappointing. There were only 235 thousand jobs created in the US in August, when analysts were expecting . . . → Read More: Equities Wobble After Extremely Disappointing NFP Headline: DAX 30, S&P 500 Key Levels to Watch Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to the possibility of crypto donations as the world embraces crypto. For blockchain . . . → Read More: Cryptocurrency can actually make a difference by helping people Fundamental Euro Forecast: Bearish One after the other, hawkish members of the European Central Bank’s policymaking Governing Council came out last week warning that Eurozone monetary policy will need to be tightened. However, it’s almost certain that they’ll be outvoted by the doves at this week’s Council meeting and that policy will remain . . . → Read More: Euro Forecast: EUR/USD Outlook Bearish, Doves to Outvote Hawks at ECB Meeting Gold (XAU/USD) Fundamental Analysis: Dire NFP data added to continued dollar weakness and subsequent rise in gold prices XAU/USD rises on softer dollar (DXY) but gains may be limited Gold price outlook for the week ahead: Bullish Advertisement Gold Shines on Friday After Worse than Expected Jobs Data Gold shot up in response . . . → Read More: Gold Price Weekly Forecast: XAU/USD Boosted by Lackluster NFP and Weaker Dollar Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend. A “descending channel,” also known as . . . → Read More: Traders know not to ‘go long’ when this classic trading pattern shows up Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Nigeria’s central bank partners with fintech firm Bitt Inc. . . . → Read More: Nigeria plans CBDC rollout, Salvadoran retirees protest Bitcoin Law, Twitter to add BTC and ETH tipping feature: Hodler’s Digest, Aug. 29-Sept. 4 USD/CAD WEEKLY FORECAST: MILDLY BEARISH USD/CAD has corrected lower and fallen more than 400 pips in the last two weeks Weakness in the U.S. labor market and its implications for the Federal Reserve’s monetary policy support the case for further U.S. dollar weakness in the near term. The technical outlook is also somewhat . . . → Read More: Canadian Dollar Forecast: Weakening US Labor Market to Weigh on USD/CAD What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, . . . → Read More: Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts US Dollar Fundamental Forecast: Neutral USD sank after non-farm payrolls report miss sapped Fed tapering bets Domestic economic docket fairly light ahead, placing focus on other news Key external event risk include the RBA, ECB and BoC rate decisions US Dollar Reaction to Non-Farm Payrolls Data, Key Implications The US Dollar weakened . . . → Read More: US Dollar Outlook Turns Outward After NFP Miss: RBA, ECB, BoC Rate Decisions Next Bloomberg’s senior commodity strategist Mike McGlone has doubled down on call for six-figure Bitcoin (BTC), arguing that the first-born cryptocurrency is well on its way to becoming a global reserve asset that complements the United States dollar. The September edition of Bloomberg’s Crypto Outlook called $100,000 BTC and $5,000 Ether (ETH) the “path . . . → Read More: Bloomberg senior strategist calls Bitcoin a global reserve asset on the path to $100K Bitcoin (BTC) has been struggling to break the $50,000 mark for over 10 days now. However, on Sept. 2, the premium cryptocurrency briefly surpassed the milestone, sending positive ripples across the market. Since then, the token has dropped below the mark to trade in the $49,000 range before rebounding to hit the $50,000 mark . . . → Read More: Dreading September? Bitcoin price hopes to break the slump trend Bitcoin (BTC/USD), Ethereum (ETH/USD), Solana (SOL/USD) Prices, Charts, and Analysis Bitcoin posts a new multi-month high. Ethereum looking to break above $4k. Solana soars 20% on continued DeFi and NFT surge. A strong ending to the week will see the cryptocurrency market enter the weekend with strong tailwinds and the potential for . . . → Read More: Bitcoin (BTC) Nears $51k, Ethereum (ETH) Probes $4k While Solana (SOL) Soars Again AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: NEUTRAL AUD/USD lifted on the back of strong local data and a soft USD RBA meeting on Tuesday is key to markets looking for taper signals Commodities giving missed messages. Will USD direction dominate AUD/USD? The Australian Dollar moved higher over the week as second quarter GDP data beat . . . → Read More: Australian Dollar Outlook: AUD/USD Turns to RBA Decision After US Non-Farm Payrolls Data An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway. This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors . . . → Read More: Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi Bitcoin (BTC) finally broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This suggests that there is growing interest in cryptocurrencies and several legacy finance companies are initiating steps to tap into this increasing demand. One of the world’s largest independent asset managers, Franklin Templeton, has posted fresh job . . . → Read More: Price analysis 9/3: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK The bullish momentum across the cryptocurrency market continued to build on Sept. 3 as a market-wide rally lifted the prices of most altcoins and boosted Bitcoin (BTC) and Ether (ETH) above their respective resistance levels at $51,000 and $4,000. The recent price gains seen in the altcoin market show no sign of slowing down . . . → Read More: Altcoins book 50% gains after Bitcoin and Ethereum set a path to new highs Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major price milestone. Against month-to-date gains of $600, the pair reclaimed the historic level it had lost in the dramatic trend reversal that rocked the cryptocurrency market roughly three months ago. . . . → Read More: Ethereum price spikes to a 3-month high above $4,000 GBP/USD Price, Chart, and Analysis Politics may kick in on mooted UK tax rise. UK economic calendar is fairly quiet next week. Keep up to date with all market-moving data releases and events by using the DailyFX Calendar The UK economic calendar is fairly thin next with little in the way of . . . → Read More: British Pound Forecast: GBP/USD Needs a Domestic Boost to Move Higher FINTWIT ANALYSIS Mixed U.S. jobs data. Bitcoin (BTC) rallying. SPX takes a breather. U.S. JOBS UNDERSHOOTS, UNEMPLOYMENT FALLS WHILE WAGES RISE Advertisement Non-Farm Payrolls (NFP) and U.S. unemployment data were released on Friday with keen eyes from financial market participants. NFP’s came in significantly lower than estimates (see calendar below). . . . → Read More: Non-Farm Payrolls (NFP), Bitcoin (BTC) & S&P 500 (SPX) – FinTwit Trends to Watch The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its . . . → Read More: Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report US Dollar, USD, EUR/USD, GBP/USD, USD/CAD Talking Points: It was a busy morning in the USD, with a very negative NFP report showing +235k v/s the +750k expectation. Next week is quiet on the USD but expect posturing ahead of the September FOMC rate decision. Elsewhere, ECB and BoC rate decisions can keep FX . . . → Read More: US Dollar Post-NFP, ISM: EUR/USD, GBP/USD, USD/CAD Are crypto exchange-traded funds (ETFs) finally coming to the United States of America? Dozens of cryptocurrency-based ETFs or ETF-like products are currently selling on regulated exchanges in Europe, while Canada and Brazil have already introduced their own versions this year. Over the past eight years, however, not a single investment firm has won . . . → Read More: Mass appeal: Could a Bitcoin futures EFT electrify US investors? Bitcoin (BTC) passed $50,500 later on Friday as a return to the $50,000 mark put bulls firmly back on the scene. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lines up a $51,000 offensive Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining ground after dipping to $48,300 lows overnight. An important retest, . . . → Read More: Bitcoin targets $51K ‘final resistance’ as ETH nears $4K for the first time since May USD, NFP Price Analysis & News US NFP 235k vs Exp. 750k, Prior Reading Revised Higher Unemployment Rate & Higher Than Expected Wage Growth Counters Headline US Dollar Initial Drop Reverses NFP Mixed as Headline Misses, Revision Downgraded, While Unemployment Rates Beats A much weaker than expected NFP headline at 235k . . . → Read More: US Dollar Drops, Gold Spikes Initially on NFP Headline Shock Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably . . . → Read More: How to prepare for the end of the bull run, Part 1: Timing Gathering together the most recent data on the cryptocurrency and blockchain job market, a new report suggests that higher levels of institutional adoption have spurred greater demand for expertise in the sector. According to the employment website Indeed — cited Thursday in Korea IT Times — as of mid-July 2021, the overall share of crypto . . . → Read More: Crypto and blockchain jobs’ share grew 118% in 10 months, new data shows GBP/USD Price, Chart, and Analysis UK PM may raise national Insurance contributions for 25 million taxpayers. Traders cut back on long GBP/USD exposure. Keep up to date with all market-moving data releases and events by using the DailyFX Calendar The short-term direction of GBP/USD will be decided later today when the . . . → Read More: British Pound (GBP/USD) Latest: NFPs the Near-Term Driver, UK Tax Hike Talk Bitcoin (BTC) briefly fell below $50,000 to retest support on Friday in a “critical” move for determining bullish continuation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to lows of $48,350 on Bitstamp overnight before recovering. That level represents an important zone to hold, trader and . . . → Read More: BTC price dips to test $48K ‘springboard’ for potential new Bitcoin bull run Australian Dollar, AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD – Talking Points AUD/CAD breaking higher out of downward channel, 0.9360 next target AUD/JPY entering key supply area around 81.50, trendline resistance ahead AUD/CHF reversal continues, entering key pivot area around 0.6800 AUD/NZD continues to break lower on follow through from head & shoulders pattern AUD/CAD Technical Analysis . . . → Read More: Australian Dollar Technical Analysis: AUD/CAD, AUD/JPY, AUD/CHF, AUD/NZD One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey. The full report of the Finder Consumer Sentiment Tracker was posted online on September 2. It is a monthly ongoing survey of 1000 nationally representative Australians conducted by Qualtrics. The . . . → Read More: 17% of Australians now own crypto, totaling $8B between them: Survey This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. There are a lot of narratives to keep an eye on as China enjoyed a relatively quiet week on the regulatory front . . . → Read More: Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings Dow Jones, Hang Seng, WTI Crude Oil, Energy Stocks, NFPs, Technical Analysis – Asia Pacific Indices Briefing Dow Jones gains as near one-month high WTI price boosts the energy sector APAC markets may mark time as all eyes turn to US non-farm payrolls data Hang Seng Index confirms a breakout above a near-term falling . . . → Read More: Dow Jones Gains as Crude Oil Prices Boost Energy Stocks, Hang Seng Index Eyes NFPs Australian Dollar, AUD/USD, US Jobs Data, COT- Talking Points Australian Dollar rises after US jobs data relieves some Covid concerns Several Aussie data prints on the docket for today ahead of NFPs AUD/USD’s technical path shows momentum may be ready to fade Friday’s Asia-Pacific Outlook The risk-sensitive Australian Dollar is moving higher as . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Domestic Data Prints Ahead of NFP Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An ‘ascending channel’ or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that an asset trades . . . → Read More: Traders use this classic trading pattern to determine when to ‘buy the dip’ RUSSELL 2000 OUTLOOK: Russell 2000 gains ground as risk appetite continues to dominate the market Although the small-cap index may have gas in the tank to rise further in the coming days, a pull-back could be in the cards over the medium term. Slowing economic growth and the prospect of higher corporate taxes can . . . → Read More: Russell 2000 Extends Gains but Bullish Momentum Could Begin to Fade Soon New Zealand Dollar Talking Points NZD/USD takes out the July high (0.7105) as it stages a five-day rally, and the update to the US Non-Farm Payrolls (NFP) report may sway the near-term outlook for the exchange rate as the Federal Reserve carries out an outcome-based approach for monetary policy. Advertisement NZD/USD Rally Spurs . . . → Read More: NZD/USD Rally Spurs Test of 200-Day SMA Ahead of US NFP Report Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000. The positive price action hasn’t been limited to the top two market leaders. Many altcoins continue to rally and the ‘altseason’ indicator . . . → Read More: Presearch, Aragon and IOTA explode higher after Bitcoin price clips $50K Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets. According to a report by DataNews on Thursday, the company, which is one of the firms bootstrapped by Belgian accelerator program Start it @KBC, has rolled out a crypto payment feature in Antwerp and Brussels. Beginning Thursday, Seety . . . → Read More: Belgian startup debuts Bitcoin payments for parking tickets Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto seeing “spectacular” September Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it crisscrossed the $50,000 barrier after returning to it for the first time in almost . . . → Read More: Bitcoin bull run sparks $180K BTC price prediction ahead of institutional ‘fireworks’ Binance’s affiliate United States-based cryptocurrency exchange, Binance.US, is targeting an initial public offering (IPO) in 2024, according to Binance CEO and founder Changpeng Zhao. Binance.US is planning to close a large private funding round in the next two months that would allow the firm to become more independent from the global exchange, Zhao . . . → Read More: Binance CEO says US crypto exchange will go public in three years Cardano’s ADA token surged to new all-time highs on Thursday as an altcoin comeback gripped cryptocurrency markets. ADA/USD 1-day candle chart (Binance). Source: TradingView Cardano joins Ether in serious gains Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday. Having shown strength for multiple weeks, Cardano benefited from a . . . → Read More: ADA price hits $3 for the first time as Cardano, Ethereum lead crypto ‘super bull cycle’ Gold, XAU/USD, Covid, NFP – Talking Points Gold prices may be primed to continue recent gains on safe-haven appeal XAU/USD focused on US labor market as Initial jobless claims, NFP nears Technical posture looks primed for more gains after bullish SMA crossover The price of gold looks primed to continue rising as traders . . . → Read More: Gold Price Forecast: XAU/USD Eyes Covid, Initial Jobless Claims as NFP Nears S&P 500, Nikkei 225, Real Estate Sector, ADP Employment Report, Technical Analysis – Asia Pacific Indices Briefing S&P 500 ends relatively flat, supported by gains in the real estate sector Soft ADP employment report underscored dovish Fed view on labor data Nikkei 225 eyes Descending Triangle after closing at highest since mid-July Wednesday’s Wall . . . → Read More: S&P 500 Supported by Real Estate, Nikkei 225 Eyes Falling Triangle Chart Pattern British Pound, GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD – Talking Points GBP/CHF re-enters multi-month channel after bouncing off 200-DMA GBP/AUD breaks lower out of ascending channel, targeting 0.618 retracement GBP/CAD continues to oscillate above support, trend remains neutral GBP/NZD plummets through trendline, eyeing 200-DMA for fresh support GBP/CHF Analysis The British Pound has been mixed . . . → Read More: British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD Australian Dollar, AUD/USD, Trade Balance, Crude Oil – Talking Points Australian Dollar gains as Wall Street traders push US stocks higher Trade data may reflect weakness from lockdowns across Australia AUD/USD’s trendline break puts the currency pair on brighter path Thursday’s Asia-Pacific Outlook The risk-sensitive Australian Dollar moved higher versus the US Dollar . . . → Read More: AUD/USD Path Brightens on Trendline Break Ahead of Trade Data Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Cointelegraph contributor and market analyst Michaël van de Poppe recently . . . → Read More: Bitcoin bulls target $50K as Friday’s $655M BTC options expiry approaches NASDAQ 100 OUTLOOK: Nasdaq 100 begins September on the right foot and notches a record closing high after a 4.16% gain in August Depressed Treasury yields following the ADP employment report boost appetite for technology stocks Despite positive investor sentiment, downside risks for equity markets continue to build in the near term Advertisement . . . → Read More: Nasdaq 100 Starts the Month with Bullish Bias & Ekes Out Record Close. Now What? Bitcoin (BTC) is struggling to break above $50,000 but analysts remain confident due to strong on-chain metrics. Analyst Willy Woo believes that investors have been accumulating Bitcoin and a break above $50,000 could result in a quick up-move to $60,000. Another positive voice was that of SkyBridge Capital CEO Anthony Scaramucci, who said in . . . → Read More: Price analysis 9/1: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA Bitcoin’s pseudonymous creator, Satoshi Nakamoto, is a figure surrounded by mystery, and this intrigue continues today despite many aspects of the founder’s influence being studied at length. A particular point of interest has been a large amount of unmoved Bitcoin mined in the early days of the blockchain’s existence that is attributed to . . . → Read More: The value of a legacy: Hunting down Satoshi’s Bitcoin Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s) to nearly 86 EH/s as of June 23, representing a drop of nearly 40% — from China to surrounding . . . → Read More: China mining shock may not be over yet, experts suggest Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month . . . → Read More: Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K? Twitter is reportedly laying the groundwork to enable Bitcoin (BTC) tipping for content creators. According to MacRumors, the latest Twitter iOS beta includes lines of code that could see Bitcoin become a part of the “Tip Jar.” Indeed, as previously reported by Cointelegraph, Twitter CEO Jack Dorsey had previously hinted that Bitcoin tipping . . . → Read More: Twitter reportedly working on Bitcoin tipping feature Ethereum’s native asset, Ether (ETH), has extended its rally on Wednesday to log multi-month highs against Bitcoin (BTC) and the United States dollar. The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a . . . → Read More: Ethereum price breaks $3,500 and hits 3-month highs against Bitcoin Bitcoin (BTC) revisited weekly lows on Wednesday as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $46,530 on Bitstamp overnight, its lowest since Friday. With $50,000 out . . . → Read More: Coinbase’s Bitcoin reserves drop to the lowest level since December 2017 Decentralized finance (DeFi) protocol Cream Finance will pay back its users following a $18.8 million flash loan hack that occurred on Aug. 30. Cream has published a post-mortem to the AMP flash loan exploit, promising to replace the stolen Ether (ETH) and Amp (AMP) tokens by allocating 20% of all protocol fees until . . . → Read More: Cream Finance to repay stolen Ether and Amp via protocol fees Crude Oil, OPEC, Covid, EIA, API – Talking Points Crude and Brent oil dropped in August as Covid fueled demand fears OPEC+ decision may see cartel reign in supply to support prices Technical outlook is slightly bullish after retaking key trendline Crude and Brent oil benchmarks are slightly higher as September trading kicks . . . → Read More: Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution. Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round. The round was led by Lightspeed Venture Partners . . . → Read More: Offchain Labs launches Arbitrum One mainnet, secures $120M in funding Australian Dollar, AUD/USD, AU GDP, RBA, Commodities – Talking Points Australian Q2 GDP delivered an upside surprise despite NSW lockdown The ASX 200 was soft going into GDP but steadied afterwards The focus will move to the RBA next Tuesday.Will AUDhold recent gains? AUD/USD found some footing after Australian GDP came in at . . . → Read More: AUD/USD Gains on Solid GDP Beat, Will Australian Dollar Continue Higher? Dow Jones, ASX 200, Australia GDP, Technical Analysis – Asia Pacific Indices Briefing Dow Jones weakened to wrap up solid month for stocks on Wall Street Higher Euro-area CPI, soft US consumer confidence dented sentiment ASX 200 may look past Australian GDP data as focus remains on Covid Tuesday’s Wall Street Trading Session Recap . . . → Read More: Dow Jones Ends Solid Month on a Downbeat as ASX 200 Focuses on a Rising Wedge Wednesday’s Asia-Pacific Outlook Australian Dollar gains versus US Dollar ahead of Australian Q2 GDP NZD sees broad-based strength after New Zealand Covid cases drop AUD/USD ends August with a loss as a trendline caps upside overnight Wednesday’s Asia-Pacific Outlook The Australian Dollar gained versus the US Dollar overnight as Wall Street stock indexes . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Q2 GDP to Kick Off September Trading After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. While investors’ attention was elsewhere, DeFi prices have had time to consolidate and project developers were able . . . → Read More: Surge in activity and token prices show ‘DeFi Summer 2.0’ already started Nasdaq 100, S&P 500, Dow Jones – Talking Points Nasdaq 100 loses finishes down 6 points as tech stocks take a breather Month-end rebalancing sees Dow Jones, S&P 500 lose roughly 0.10% Equities post seventh straight month of gains, longest run since January 2018 US equity indices retreated slightly on Tuesday to round . . . → Read More: Nasdaq 100 Forecast: Stocks Retreat Slightly to Round Out a Strong August Bitcoin (BTC) continued to range below $50,000 on Aug. 31, the final day of the month, as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data from Cointelegraph Markets Pro and TradingView painted a dull picture for investors on . . . → Read More: Bitcoin price turns to test lower support levels as $50K stays out of reach Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the . . . → Read More: 3 reasons why a Bitcoin ETF approval will be a game changer for BTC price In an interview with Fox Business released today, former U.S. President Donald Trump was questioned about his views on the health of the Wall Street markets, the current administration’s progress, as well as the potential of Bitcoin and the cryptocurrency market. In response to the latter question, the former President stated: “I like . . . → Read More: Former US president calls crypto a ‘disaster waiting to happen’ Anthony Scaramucci, CEO and founder of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 before the end of the year, mainly due to the exponential growth in demand every month. “The bottom line is you have the limited and fixed supply of Bitcoin and you have every month exponentially more demand,” Scaramucci told . . . → Read More: Anthony Scaramucci: $100K per BTC by year-end is still within reach Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a . . . → Read More: Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range 1inch Network, a major decentralized exchange (DEX) aggregator and automated market maker, is broadening its reach by partnering with veteran crypto wallet provider BitPay. The two companies announced that 1inch’s DEX aggregation functionality is available for all users of the BitPay wallet — an app that allows individuals to manage, convert and spend . . . → Read More: BitPay wallet integrates 1inch Network DEX aggregator FTX.US, the United States-based affiliate of Sam Bankman-Fried’s cryptocurrency exchange FTX, is acquiring crypto derivatives platform LedgerX for an undisclosed amount. FTX.US’ owner, West Realm Shire Services, announced on Tuesday that the company had executed a sale-and-purchase agreement to acquire LedgerX’s parent company, Ledger Holdings. The deal is expected to close, pending satisfaction of customary . . . → Read More: FTX.US acquires Bitcoin derivatives platform LedgerX Bitcoin (BTC) and Ether (ETH) have started showing “remarkable” bullish divergences that echo the start of bullish price trends. That’s according to the latest data collected by on-chain analytics firm Glassnode this week. BTC, ETH data mimics “mid to late 2020” In its latest weekly report, “The Week On-chain,” Glassnode revealed that while price . . . → Read More: ‘Remarkable’ on-chain metrics could spell Bitcoin, Ethereum bull market return — New report Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC). In its “Digital Asset Fund Flows Weekly” report on Monday, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive . . . → Read More: Institutions remain bullish on Cardano and Ether, while BTC outflows persist The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol. One project that has been gaining traction in the month of August is Fantom . . . → Read More: Fantom price gains 100% after launching a 370M FTM incentive program There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September. Bybit data shows that since 2013, Bitcoin has closed September in the red for six years and . . . → Read More: Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA The cryptocurrency market once again finds itself waiting for some form of catalyst to get the prices moving, and this week commenced with the market moving sideways as Bitcoin (BTC) struggles to find its footing near $48,000. Several altcoins have managed to break free of the wider market malaise and post impressive gains, giving . . . → Read More: CELO, Fantom and Keep3rV1 rally after liquidity mining programs launch In a recent interview, subprime short investor and billionaire portfolio manager John Paulson criticized the volatile nature of digital assets while advocating for investments in traditional safe-havens such as gold. The co-founder of Paulson & Co, a New York-based firm launched in 1994, Paulson was a historic beneficiary of the United States housing financial . . . → Read More: Billionaire investor John Paulson says crypto has ‘no intrinsic value’ The United Arab Emirates (UAE) and Dubai are among the friendliest jurisdictions for the cryptocurrency industry, according to Stephen Stonberg, CEO of Bittrex Global crypto exchange. Dubai is likely to benefit from the expanding crypto market in the Middle East as local regulators increasingly accept blockchain-related technologies, Stonberg said in a Sunday Bloomberg interview. . . . → Read More: Dubai to benefit from expanding crypto market, Bittrex Global CEO says Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month. Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures. September 2021 looks like a classic for BTC As Bitcoin matures, it becomes more . . . → Read More: Betting on a Bitcoin bull run? Not in September, BTC price data says Australian Dollar, AUD/USD, Q2 Business inventory, Covid – Talking Points Risk-sensitive Australian Dollar unchanged as APAC trading kicks off Australia set to report Q2 business inventories and company profits AUD/USD at 26-day EMA resistance following big gains last week Monday’s Asia-Pacific Outlook The risk-sensitive Australian Dollar is edging higher versus the US Dollar . . . → Read More: Australian Dollar Forecast: AUD/USD Eyes Q2 Economic Data to Start APAC Trading GBP/USD Analysis: GBP/USD jumped during Powell speech but pulled back modestly thereafter Cable set to continue its largely sideways grind this coming week IG Client Sentiment: Massive jump in weekly short positioning muddies sentiment reading Advertisement Powell Speech Produces Short-lived Volatility Fed Chairman, Jerome Powell conducted his virtual address at the Jackson Hole . . . → Read More: Sterling Tech Forecast: GBP/USD Jumps During Powell Speech On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test. In response to the speech, . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ADA, LUNA, VET, XTZ The heavy selling in the U.S. dollar market at the end of last week assisted Bitcoin (BTC) to climb above $49,000. However, BTC struggled to extend its climb above $50,000, a psychological resistance level, as investors remained cautious about the Federal Reserve’s taper timing. Bitcoin corrects after logging its week-to-date high of $49,667. Source: . . . → Read More: Bitcoin weekly outlook: Why a $50K-retest is likely ahead of Friday’s US jobs data Bulls were in the front seat for financial markets this past week, with stock markets across the world rising. On Wall Street, the Nasdaq Composite, S&P 500 and Dow Jones gained about 2.8%, 1.5% and 0.9% respectively. In Europe, the FTSE 100 and Euro Stoxx 50 climbed 0.85% and 1.05% respectively. In the . . . → Read More: Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs On August 10, the United States Senate voted to pass a $1 trillion bill to revitalize America’s infrastructure. From the standpoint of the crypto community, miners in particular, the Senate’s foray into crypto legislation has been a disaster. Unless the language defining brokers in the bill is clarified, it will singlehandedly thwart the . . . → Read More: How does the infrastructure bill affect the mining industry in the US? |
|
|||
|
Copyright © 2024 bitcoin, btc, cryptocurrency, investment, trading, ptc, gpt, online business opportunity - All Rights Reserved |
|||||
