By Bogdan Giulvezan Ethereum’s Getting Expensive to Move – Fees Spike as Uniswap Launches UNI Token Almost 1 million US Dollars in transaction fees were spent in less than one hour for moving ERC-20 tokens. It’s a new high for this type of fee, and it’s all due to the launch of Uniswap’s UNI token. […]
Range-Bound Trading Ahead of FOMC Meetings and Funds Rate by Bogdan Giulvezan The never-ending tug of war between the Euro and the US Dollar is currently taking place around 1.1860, with the pair stuck in a range since the beginning of August. Price is testing a bullish trend line and although the Euro seems to […]
ECB President Lagarde – Bullish on Retail CBDCs By Bogdan Giulvezan Speaking Thursday at the Deutsche Bundesbank online conference on banking and payments in the digital world, ECB President Christine Lagarde said that “Introducing a digital euro would allow the Eurosystem to be at the cutting edge of innovation” but also mentioned that “Europe has […]
Guest Author Bogdan Giulvezan As many of us already know, the UK left the European Union on January 31, 2020, three and a half years after UK citizens voted to do so. An economic separation will follow the political breakup, on 31 December 2020 and this will also mark the UK’s departure from the EU […]
Guest auther Bogdan Giulvezan After reaching a high of $12,019.85 on Tuesday, Sept. 1st, the undisputed king of the crypto space – Bitcoin – slumped to a low of about $10,300 on Friday, Sept. 3rd. That makes it two straight days (Wednesday and Thursday) in the red. Furthermore, over the last 7 days, Bitcoin is […]
guest author Bogdan Giulvezan EUR/USD is hovering around 1.1900 after failing to break the massive psychological resistance at 1.2000. The pair has gained new traction on the back of US Dollar weakness generated by last week’s Fed announcement regarding a monetary policy shift towards the dovish side. Fed Chairman Powell green-lighted average inflation targeting, which […]
A Rounding Top? Maybe Not I’ve been watching a rounding top formation in the oil market for a couple of months now. The formation looks pretty bearish and is supported by the indicators but that may not play out. After reviewing the latest EIA short-term forecast, consideration of recent economic data, and now Hurricane Laura, […]
The Dollar Slips, The Outlook Is Questionable Last week the dollar slipped to a new low after the Fed minutes revealed the committee was still concerned about the economic rebound. the news sent the Dollar Index to a new low that confirmed a downtrend that has been in place for several months. Only it didn’t. […]
This Rally May Only Be Getting Started The S&P 500 hit an all-time high this week and now the question becomes what now? The rally to today’s level was driven in large by the economic rebound and government stimulus, what could there possibly be to keep it going? While the stimulus is running out, and […]
You Find Bull Markets Where They Are Happening The hardest part about trading is that all too often the market and/or markets are just meandering. It is only on occasion and for good reasons that markets tend to trend strongly in one direction or the other. That’s why it’s so hard to be a good […]