Market Analysis

BTC/USD Set to Hit 14,000 USD but First, It Must break Though 12,000 USD

August 10, 2020

Talking Points: Bitcoin price continues in the bullish hands with the route to 14,000 USD already carved out. BTC/USD’s potential for an increase above 12,000 USD in the short-term mounts with its...

Aramco Posts Huge 73% Loss in Profits

August 10, 2020

Energy giant Saudi Aramco has reported a massive 73% fall in its profits, or the net income, for the April-June quarter to $6.6 billion amid the pandemic. During the same period of 2019, Aramco had...

FTSE 100 Opens High Despite Growing US-China Tensions

August 10, 2020

The FTSE 100 index started the new trading week in positive territory despite fears that further deterioration of US-China relations could leave America unable to agree a new economic stimulus...

U.S. Dollar Continues to Slide

August 6, 2020

Over the past month, investors have swooped for commodities, with all-time highs being reached for everything from gold to the tech-giants stock’s, to bonds. This has pushed yields down to record...
Oil

Oil Finally Makes A Break For it!

August 6, 2020

Oil has finally broken out of the narrow range it has been trading in for over a month now, with ICE Brent trading as high as US$46.23/bbl at one stage yesterday, although the market was unable to...

Key Indicators Suggest Bitcoin Could Reach Highs of 13,900 USD if Bulls Continue to Support

August 6, 2020

Talking Points: Bitcoin’s consolidation period in the lower 11,000 USD region has resulted in a strong push upwards to 12,000 USD. However, Bitcoin has yet to re-test this level, it does look like...
Swiss Franc

Swiss Franc Likely to Maintain Strength

August 5, 2020

Towards the end of June, the Swiss franc was rising against the USD as fears of a second wave of COVID-19 controlled the markets, with demand for safe-haven assets growing. The downturn in the...

USD Enters Consolidation Period

August 4, 2020

After suffering its largest monthly fall in three years, the U.S. dollar looks to be entering a period of consolidation. However, the causes of the DXY to fall by 10% from its high in March still...
gold

Gold’s Record Rally Is an Indicator That the U.S. Dollar’s Dominance As the Reserve Currency Could Be Over

August 4, 2020

This summer’s huge gold price rally could be an indication that the market is losing trust in the U.S. dollar as the globes reserve currency, as suggested by Nick Piquard Horizons ETFs...
Commodities

Commodities: Oil & Gold Roundup, OPEC+ Raise July Output, Base Metals Overview

August 4, 2020

Oil continues to trade in an incredible range bound manner, with Brent still anchored around the $43/bbl level. Speculators appear to be getting more nervous about the demand recovery, with the path...
Asian market

Asian markets low as new virus outbreak kick starts fresh quarantine measure

August 3, 2020

Asian markets mostly fell Monday with sentiment depressed by a spike in coronavirus infections that has forced fresh lockdowns and sparked worries about the impact on the world economy. A lack of...

U.K. close to first major post-Brexit trade deal after fresh negotiations with Japan

July 30, 2020

Britain draws closer to signing its first major trade deal since leaving the European Union in January, according to media reports on Wednesday. The U.K. has made a breakthrough in talks with Japan,...

Asian stocks on the rise as U.S Dollar continues to take a beating

July 30, 2020

Stocks across Asia were boosted by the promise of ultra-easy monetary policy globally as the Federal Reserve left interest rates near zero to support the country’s virus-battered economy, sending...
FTSE 100

FTSE 100 to head lower ahead of Fed meeting

July 29, 2020

The FTSE 100 is expected to open lower on Wednesday as markets have shown little movement ahead of the Fed meeting later during U.S. session. The FTSE 100 is expected to open around 31 points lower...
gold

Is Gold Closer to 2000 USD Than We Think?

July 29, 2020

If the futures market is a sign of where traders believe gold is going, then gold hitting 2000 USD may be closer than we think. As of now, the December contract of Comex gold futures is trading at...
Oil

Rising COVID Cases and U.S-China tensions continue to push investors away from oil

July 27, 2020

Oil prices edged down on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets such as Gold and Bitcoin. Brent crude dipped 10...

Stablecoins See a Rally in Inline With the Price of Gold As Global Uncertainty Continues

July 27, 2020

Various gold-backed stablecoins appear to be moving towards new record highs as the price of their underlying asset has hit its most significant levels since September of 2011. At the time of...

Why Hasn’t the NZD Dropped as Expected?

July 27, 2020

What has occurred in the forex markets over the last few weeks is that the weakening momentum in the USD (for a host of good reasons) has outweighed all of the variables that were expected to produce...
Asian Shares Sink

Asian Shares Sink as China Orders U.S. Consulate to Close Amidst Squabbling Between the Two Nations

July 24, 2020

Emerging Asian stock markets sank but currencies were mixed against a weakened U.S. dollar on Friday as China made a petty move by ordering the U.S. consulate in Chengdu to shut, stoking fears over...
gold

Gold Soaring Towards Record Highs

July 24, 2020

Gold took advantage of a weak dollar on Thursday and saw itself reach another nine-year high and approach the $1,900/oz level while rising geopolitical risks and a weakening US dollar continue to...
Visa

Following MasterCard’s Announcement Earlier This week, VISA Have Joined the Crypto Party With Their Own Development Plan

July 23, 2020

Following MasterCard’s announcement earlier this week in regards to their expanding support of cryptocurrencies, VISA has joined in and laid out a similar statement wanting to keep in the race with...
Economy

UK’s Economy Racing as Lockdown Lifts, but Future Remains Uncertain

July 22, 2020

Analysts expect that the UK’s economy will expand at its quickest pace in decades this quarter after shrinking at its fastest pace in centuries last quarter, as large key parts of the economy have...

E.U Stimulus Deal and Fresh Vaccine Hope Sees Oil Prices Make Steady Gains

July 22, 2020

Tuesday saw oil prices rise to around $1 a Barrel, hitting its highest level in more than four months with a boost from a European Union stimulus deal and some hopeful news about coronavirus vaccine...

Mastercard Partners With Wirex to Bring a Crypto Card to Their Customers

July 21, 2020

While trying to stay ahead of the game, payment provider Mastercard has been making inroads into the crypto sector for the past few months. Their enthusiasm surrounding the future of cryptocurrency...

E.U. Reaches ‘Historic’ Post-Pandemic Recovery Deal After Lengthy Summit

July 21, 2020

E.U. leaders have reached a historic deal for a massive stimulus plan for their coronavirus-hit economies at an early morning meeting on Tuesday after a fractious summit that lasted almost five days....
Crypto Surge

Three Signs That Could See Crypto Surge “On Par” With 2017

July 20, 2020

Three Signs That Could See Crypto Boom Like 2017. Max Bronstein from Coinbase said, “there are three clear signs that crypto is having a major reflation moment, soon to be on par with and likely...

Covid spikes around the Globe continue to have a negative effect on Asian markets

July 20, 2020

Monday saw shares take further losses as fresh spikes in coronavirus infections across the world forced governments to implement new containment measures, fuelling fears about the stuttering economic...

Chainlink (LINK) Surpassed Ethereum in Crucial Metric Following a 500% Rally

July 17, 2020

At an all-time high achieved during July the 15th’s trading session at 8.91 USD, the favourite amongst the altcoin community was up by almost 500% from March’s collapse at lows of around 1.50...
Bitcoin

New Twitter Poll Shows Almost 70% of Traders Believe Bitcoin Will Crack the 20,000 USD Mark by 2021

July 16, 2020

Cryptocurrency analyst PlanB set up a new Twitter poll which results show that the market experts believe that Bitcoin (BTC) will crack 20,000 USD mark in 2021. The poll, which surveyed...
bank of japan

Bank of Japan Expect GDP to shrink by 4.7% in 2020

July 15, 2020

During Wednesday’s session, the Central Bank of Japan (BOJ) forecast that the nation’s economy could contract by 4.7% in 2020 (April 2020 to March 2021) despite recent signs of a gradual...