Bitcoin has been
trading sideways for the entire month now. The BTC/USD pair has made 2
unsuccessful attempts to break through the bearish level of $ 40,000 and 3
failed attempts to break through the bullish $ 30,000.
While bitcoin is
stagnant, traders have switched their attention to altcoins. After the BTC rate
began to correct from $ 42,000 area, the altcoin market came to life: billions
of dollars are circulating on crypto exchanges every day.
If you are stuck with
Bitcoin trades, it’s time to take profits and look around: altcoins are
becoming more and more attractive every day. Let’s start our analysis with
Ethereum, the second most popular cryptocurrency.
Gold, silver and copper have been soaring since March lows, and they posted new cycle highs in August. They’ve seen consolidated, and metals have been trading in shor-term bearish trends and consolidative formations.
the fundamental situation remains bullish for precious
metals. Why? Major
central banks are about to introduce more easing, with the Reserve
Bank of Australia (RBA) and the Bank of England (BoE) having announce
more Quantitative Easing (QE) in November, while the European Central
Bank (ECB) is expected to increase its bond-buying program at the
Federal Reserve (Fed) is also expected to act following Fed Chair
Jerome Powell urging congress to provide more more…
Every active trader looks for a rise in market volatility for potential opportunities.
That’s why the 2020 US election is one of the most anticipated trading events of the year. And with less than a week to go, pro traders are preparing in different ways. Technical traders are watching price charts to predict potential market movements, fundamental traders are tracking data points to determine the strength of a particular currency. Whichever way you choose to trade the election, it’s a time for all traders to size up their strategies and risk management tools to make sure they are best positioned to benefit more…
It has been a bad week for worldwide stocks, and most major indices are down by around 5% for the week, with further losses expected over the next days.
But don’t blame it all on the election. Yes, there is some uncertainty building up, especially if Joe Biden wins, but the odds are that each candidate has narrowed to 50/50. Biden’s recently revealed corruption scandal is hurting him, while Trump continues to attract huge crowds in his rallies.
As many keep saying stocks only go up in the long-term, no matter what party reigns or who the president is.
Worse than the election, are COVID-19 more…
probably noticed that as of late, that the once highly volative and active
EURUSD has seen very low volatility and narrow trading ranges. On Wednesday,
the pair was up by 0.1% for the day, during the US session, marking a daily
move of 10 pips. While it is still the most globally traded pair, this
volatility is not enough for traders to base their strategies on.
The truth is,
between July and October the pair has barely moved. Its July highs were at 1.20
and lows at 1.16. In simpler terms, its range is at 400 pips over the period of
three months, and on most days more…