Altcoins Outlook: 3 Simple Trade Ideas (analytics + technical analysis)

By Admin in Articles, Reviews 0 Comment

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.

Will more…

6 Interesting Forex Facts Most Traders Don’t Know

By Admin in Articles 0 Comment

1. How did the first Forex market look?

The barter system is the oldest method of exchanging goods for other goods. It was first introduced in 6000BC by Mesopotamia tribes. Back in the day, salt and spices were used as the main mediums of exchange. This is how the first-ever form of foreign exchange looked like. Eventually, the first gold coins were produced in the 6th century BC, and they acted as a currency. Although gold coins were widely accepted as a medium of exchange, they appeared to be impractical because they were quite heavy. In 1875, the countries adopted the Gold more…

Dominance of downtrends

By GG Analyst in Reviews 0 Comment

Bears

EURUSD

Friday payrolls from the USA appeared strong. It is important to mention that not only employment increased but either wages growth accelerated. Thus, all together those indicators shifted expectations what gave the powerful impulse to buying USD against most currencies. For EURUSD this strong data resulted in a big drop of 110 points and in a support level a bit higher 1.10. At the beginning of the new week the pair was traded around this level, reflecting the traders’ search for new impulses. Trade has been consolidating around 1.10 since the end of June. As well the pair is traded currently more…

Clearer deflation in Europe

By GG Analyst in Reviews 0 Comment

EUR/USD

The EU inflation keeps slowing down. The most important news here came yesterday from Germany, which didn’t see any price growth in November after the decline by 0.3% a month before. Yet, the annual inflation rate dropped to 0.6%. Last time inflation was that low at the end of 2009 because of the economic meltdown and cut in consumer spending. Now the situation is a bit different. The unemployment level is the lowest since the time of Germany’s reunification, as was shown in the employment report for November. Besides, it was messaged that the number of the unemployed had decreased again more…

Deceitful weakening of USD

By GG Analyst in Reviews 0 Comment

EUR/USD

The US dollar opened the week with a gap against the EU currencies, but immediately lost its advantage. The negative factor here was the ECB’s mood for further easing of the monetary policy and expansion of the incentives by possible bond purchases. After Draghi’s speech to the Parliament at the end of the previous week it became more possible that during the press-conference at the beginning of December it will be announced how fast and on what terms the European CB will purchase public debt of the EU countries. As it is absolutely clear that the current bond purchases are miserable more…