The United States has seen a winter with warmer than average temperatures and, consequently, gas stocks have slumped back to their previous low level. Futures prices at the Henry Hub in February 2019 have fallen from $3 per million British thermal units from its peak of $4.80 in middle of November. Gas stocks saw a […]
A Busy Week Ahead The global equity markets are trying to move higher but there are a number of make-or-break events due next week that could derail the budding rally. Top of the list is the US-China trade talks set to occur in Washington D.C. The US-China trade impasses has led the global economy to […]
Litecoin Dips, Slides Lower In Top 10 Rankings Litecoin currently sits at the 8th position on the crypto top-10 by market cap, with a total dollar market value of $1.8 billion, followed by TRON (TRX) with $1.6 billion. As most other coins, Litecoin is trading bearish, having lost almost 11% in the last 7 days […]
Ripple Continues Its Expansion, Adds New Partners Thirteen new financial companies joined RippleNet, which means that now Ripple has over 200 partners worldwide. The better news is that five of the 13 new additions will use XRP for liquidity. The five institutions are JNFX, Euro Exim Bank, FTCS, SendFriend, and Transpaygo. The other 8 will […]
Go Long Or Short On EOS. Your Choice! Major cryptocurrency exchange Huobi now supports EOS trading on their Derivative Market. This means that clients are able to go long or short, and thus to profit even when EOS price is going south. This new form of trading was introduced by Huobi as part of their […]
Cash Is King, Always Was And Always Will Be The market is falling and when I say market I mean equities, globally. The amount of fear in the market, the number of reasons why risk-off is better than risk-on, has overpowered even the staunchest of bulls and brought the rally to its knees. In simple […]
The Change That Shook The Market A few week’s ago in a speech to the NY Economic Club FOMC chief Jerome Powell indicated neutral interest rates were close at hand. His remarks, along with data and comments from other Fed members, have led the market to believe the FOMC will pause or slow-down its rate […]
Another wave of selling has hit the market Another wave of selling has hit the market and most cryptocurrencies are bleeding value, dropping as much as 40% for the last 7 days and 20% for the last 24 hours alone. The move doesn’t seem spurred by one particular piece of news but rather by a […]
After months of trading hostilities between the US and China, the two global economic heavyweights finally reached a truce on Saturday. During sideline talks at the G20 Summit, presidents Trump and Xi agreed to suspend the retaliatory tariffs for 90 days to allow for negotiations. In a press release, the White House stated that the […]
A Dovish Fed Was Expected But What Happens Now Jerome Powell delivered the market a stunning message on Wednesday when he revealed interest rates are closer to neutral than previously thought. While a powerful message and one that could send the dollar shooting lower it was not all that unexpected. Data over the last two […]