Long-Term USD Trends in Focus Ahead of FOMC

2020-07-29

  FOMC Interest Rate Decision, US Dollar, Monetary Policy, Federal Reserve Balance Sheet – Talking Points: The upcoming FOMC interest rate decision may exacerbate the US Dollar’s recent decline USD looks set to extend its losses against its major counterparts after snapping through long-term trend support. Asia-Pacific Recap A mixedRead More →

Ethereum, Stellar, Dogecoin Price Analysis: 29 July

2020-07-29

  For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, theRead More →

Nasdaq May Fall as Valuation Stretched Close To “Bubble” Level

2020-07-25

  Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →

Tether may be well-positioned to see use-cases diversify

2020-07-24

  The cryptocurrency ecosystem has evolved substantially over the past decade. While Bitcoin remains the most recognizable flag bearer, the industry’s adoption rates would look quite different if it were not for handy stablecoins. In this regard, Tether has been god-sent for the cryptocurrency market and the larger ecosystem. However,Read More →

Bitcoin: Is it still the risk asset it once was?

2020-07-22

  All these years, Bitcoin has been called different names, it has phased, morphed into being different things; from being an asset used in the dark web to an asset that aids in speculative trading. Between name-calling and morphing, Bitcoin has evolved into an asset that is now being consideredRead More →