CeoCodes

CeoCodes

AUD/USD: Risks remain tilted to the downside, markets remain slightly long of Aussie hinting at a further downside as speculators flip net short. As such, as we move closer to the RBA decision, increased pricing in of further stimulus is likely to curb notable upside in the currency. On the downside, key support is situated at the psychological 0.70 handle where a...

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The September 1 drop to 1.2994, the first time the USD/CAD had been below 1.3000 since January 8 is beginning to look like the post-pandemic bottom. The brief foray, the lack of subsequent attempts and the firm support at 1.3040 argue that the USD/CAD has exhausted its downward momentum. Global market sentiment improved during the week, adding to the lmarkets...

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Bitcoin has been pushed into the limelight in recent weeks by a number of high-profile companies investing in the cryptocurrency. Including Square's news it had bought 4,709 bitcoin for $50 million. Bitcoin price has continued to rally ahead of US stimulus bill. The bitcoin price has soared through 2020, climbing over 60% since January, however, the flood of...

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While there are a lot of experienced traders on Trading view, yesterday I realised that there are still very new traders. A Tradingview user contacted me to ask such a simple question that took him a week to find the answer to...... What does long and short mean? The Basics Long Position Holding a long position means you are buying the instrument (stock,...

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Gold markets have pulled back just a bit during the trading session on Monday to kick off the week but found enough buying pressure underneath the turn things around and show upward proclivity later in the day. Ultimately, I do think that the market will find enough reasons to go higher, especially as the Federal Reserve continues to do everything, they can bring...

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The price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout the second half of the year as the Federal Reserve vows to “increase its holdings of Treasury securities and agency MBS (Mortgage-Backed Security) and agency CMBS (Commercial Mortgage-Backed Security) at least at the current...

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* Bulls keep the reins with eyes on 0.7000 ahead of China CPI/PPI * A break of the 0.700 level could escalate the north-run to attack June month’s high of 0.7065. Pandemic concerns are turning worrisome in Australia and abroad, the AUD/USD buyers remain in control against broading US dollar declines. Traders might pause the run-up ahead of June month...

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Ethereum community continues to prepare for the long-awaited Ethereum 2.0 upgrade as its developers have made two major achievements towards the launch of the so-called Phase 0, reported Etereum 2.0 coordinator and developer Danny Ryan. Firstly, Ethereum 2.0 is ready to launch its first public multi-client testnet on Monday, June 29. This version of the testnet -...

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Crypto exchange platforms, merchants and gateways are vulnerable to malicious attacks. This occurs due to a failure to configure the XRPL when it is integrated with the exchange platform or one of the other institutions. In fact, it is a recurring error that has allowed malicious actors to empty wallets containing XRP of a platform or trader. According to the...

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With BTC/USD circling $9,200, analysts are broadly risk-off. Broad correlation with ailing stock markets has sparked multiple warnings that a failure to keep support at current levels could spell a fresh downturn. For SteveCrypt0, however, even a worst-case scenario would not necessarily spell the end of the Bitcoin bull case. BTC/USD could hit $6,300 or even...

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USD/JPY is held below resistance 107.61 with a breakout long expected in the London session. Breakout indicator signals a move long is coming. USD/JPY is trading at 107.61 and has travelled within a narrow range of between 107.37 and 107.85, directionless in a phase of consolidation between the 106 and 108 big figures. US President Donald Trump's China news...

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USD/CAD breached the support at 1.3730 and moving short to 1.3600. USD/CAD gained downside momentum as the U.S. dollar continued to lose ground against a broad basket of currencies. The U.S. Dollar Index is trying to settle below the 98 level as the American currency is under pressure amid increased demand for riskier assets. The U.S. Manufacturing PMI...

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The Australian dollar has initially dropped during last Friday's session only to turn around and break towards the highs again. Aussie dollar is trying to take out the resistance and start a new trend higher, but there is growing political pressure between the United States and China causing a risk uncertainty. Credit Suisse outlook on AUD/USD technical outlook...

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Domestic gold futures rise by 0.36 percent on Thursday, 28 May, tracking global rates, as the country remained in the fourth phase of an extended lockdown to curb the spread of the novel coronavirus pandemic. For the past few days, the prices of gold and silver have continued to fluctuate. Today, the gold prices closed at Rs 46,699 per 10 gram. At the same time,...

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Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s recent price...

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Despite recent price volatility and global COVID-19 uncertainty, 2020 is shaping up to be a big year for Bitcoin. 1.Security The fact that Bitcoin is not centralized makes it less vulnerable to security threats and more resilient and efficient. Many users are uncomfortable entering their banking and personal details online, so Bitcoin offers an alternative that,...

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Policymakers in emerging markets frequently complain that foreign capital is fickle. But foreign capital could be forgiven for having a similar gripe about emerging markets. On a conference call on May 6th Turkey’s finance minister, Berat Albayrak, was solicitous and reassuring, telling nervous overseas investors that the country’s dollar reserves were adequate...

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EURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further...