The Dollar Comes Under Pressure by Bogdan Giulvezan The US Dollar lost ground against its major counterparts throughout last week, as the Biden – Trump political battle unfolded. However, global stocks were boosted by expectations that trade ties around the world would become stronger following Joe Biden’s victory. Considering the trade war waged by the […]
FOMO Starts to Kick In! by Bogdan Giulvezan Bitcoin is pumping once again and is now trading comfortably above $15K. It successfully cleared the resistance at $13,800 (June 2019 high) and is now sitting at levels last reached in January 2018. The US Dollar on the other hand is losing ground and looks strongly affected […]
Presidential Election, Interest Rates, and New Lockdown Measures by Bogdan Giulvezan The week ahead is shaping up to be one of the busiest of the entire year, with major events across the board. The Presidential Election will be the highlight for the United States, alongside the FOMC policy meetings and if that’s not enough, the […]
ECB Announces New Stimulus Package by Bogdan Giulvezan Bitcoin traded above $13,000 for the most part of the current week, reaching prices north of $13,800 on some exchanges. The biggest pullback of the week occurred Wednesday, as investors across the world were troubled by reports of an increase in COVID-19 cases and new lockdown measures […]
Pound Still Dependant on EU and UK Trade Deal Negotiations. by Bogdan Giulvezan Sentiment towards the greenback remained rather neutral over the past week, as investors and traders took a cautious approach to the markets, mostly due to US fiscal stimulus talks and the approaching of the Presidential election. On the other side of the […]
This Rally In Bitcoin Is Real PayPal, the giant e-wallet provider has recently announced they will be welcoming Bitcoin, Bitcoin Cash, Ethereum, and Litecoin transactions on the platform. But while this created a generally positive vibe around Bitcoin, some voices expressed concern regarding PayPal’s centralized business model and the narrow freedom given to crypto users. […]
Brexit- The Drama Is Yet To End by Bogdan Giulvezan Last Friday, UK Prime Minister Boris Johnson apparently pulled the plug on EU – UK trade deal negotiations, saying that the progress made thus far is insufficient. However, he also mentioned that talks may continue if there’s “some fundamental change of approach”. But there may […]
Ripple’s Swell Event 2020 by Bogdan Giulvezan Ripple’s Swell event took place on 14 and 15 October, with things going swell for the crypto giant. The conference was held online, due to social distancing measures and during the opening keynote, Ripple CEO Brad Garlinghouse highlighted the XRP digital asset as the “key behind RippleNet”, while […]
European Union – United Kingdom Trade Negotiations Enter Final Act by Bogdan Giulvezan UK Prime Minister Boris Johnson has chosen October 15 as the deadline for striking a trade deal between the UK and the EU. The European Council meeting is also set to start on the same day and EU negotiators have pointed out […]
Mainstream Support For Bitcoin Grows by Bogdan Giulvezan Square, Inc., the company behind Cash App, just announced that it has purchased 4,709 Bitcoins, for a total value of $50 million (aggregate purchase price). The investment represents about 1% of Square’s total assets and is a big nod to Bitcoin and the crypto space in general. […]