Bitcoin’s(btc) recent performance is an indication that there is currently a weak appetite for risk. This could be due to a variety of factors, such as economic uncertainty or political instability. Whatever the reason, it’s important to keep an eye on Bitcoin and other cryptocurrencies as their prices may be more volatile than usual. In…
Coinbase, one of the largest US-based cryptocurrency exchanges, is facing a probe by the US Securities and Exchange Commission (SEC) over its crypto listings. The US Securities and Exchange Commission is said to be launching a probe, according to Bloomberg. As of yet, there are no further details. Coinbase is under investigation by the US…
There’s a big unwind of all kinds of safe-haven trades at the moment. Stocks are roaring and the US dollar is sinking across the board. However the biggest moves are in crypto with bitcoin up 9% and ethereum up a whopping 16%. The change happened after Powell talked about the low chances of another 75…
Another big cryptocurrency hack has been reported, this time of the Solana system. The attack is apparently still happening. Some users’ wallets are said to have been emptied entirely. Major “hot” wallets that are connected to the internet, like Phantom, Slope and Trust Wallet, are among those affected. Several Solana addresses have been linked to…
A new report says that criminals are increasingly targeting non-fungible tokens (NFTs). NFTs have become a target for criminals because of their popularity and the large amounts of money that can be made from them. The report says that there have been a number of scams and hacks targeting NFTs, and that these are likely…
The 4 PM London fix yesterday result in the dollar moving lower. EURUSD rallied yesterday, moving above the 0.99515 swing low from July and racing up to the 100 hour MA. Today, the price for the EURUSD moved back below the 100 hour MA and returned to the 0.99515 level (the low reached 0.99548), and…
The US 10 year yield dipped today, reaching an intraday low of 2.584%. This move takes the yield closer to the next target, which is between 2.53% and 2.557% (this is the range between the swing high from March 28 and the swing low from April 7, before the recent run-up). This is the sixth…
USDCHF moved back above the 100 hour MA for the third time in the last five trading days, but failed to sustain the prior two breakthroughs last week. Today’s break is off a lower 100 hour MA at 0.95415. The high price has moved to 0.9559 so far. Traders will now use the 100 hour…
Usdcad falls back to 200 simple moving average SMA In the morning video, I mentioned the 200 hour moving average of the USDCAD. We managed to break past that level today, although there was some hesitance at first. But we were able to stay above it for a number of hours. However, our momentum started…
Daly’s comments on inflation have sent the dollar moving upwards, which in turn has caused the EURUSD to move back below the 100/200 hour moving averages. This tilt in the bias back to the downside started earlier today, when prices in the Asian session tried to break out to the upside and above the 50%…