The rundown: Bitcoin and all major currencies were up in the morning; Epoch Partners announces the world’s first cryptocurrency IPO; the automotive blockchain market will reach $5.29 billion by 2030 says a new report; Unocoin officially announces plans for crypto ATMs in India; Hong Kong is planning to regulate cryptocurrency trading platforms; Barclays (NYSE:BCS) has […] The post Bitcoin News Crypto Currency Daily Roundup October 15 appeared first on Market Exclusive.
Bitcoin prices are trading sharply higher Monday after a credit scare on a major cryptocurrency exchange created a rush for the No. 1 digital currency.
After trading inside a $1221.40 to $1167.10 range since the week-ending August 17, the market appears to be ready to launch an even higher move if it can maintain support over $1221.40. The weekly chart indicates there is room to rally to $1277.60 before buyers encounter any serious resistance.
(Repeats with no changes to text) * EM Asia weighed by strong dollar sentiment * Rupee slides on strong oil prices * Rupiah checks losses on Sept trade surplus By Sumeet Gaikwad Oct 15 (Reuters) - Most ...
Analysts looking for key drivers over the near-term that will ultimately decide the fate of a number of currencies, economies and ultimately whether a new crisis dawns.
Brexit jitters hit the Pound, with Italy’s budget delivery to the EU later today weighing on the EUR, as risk aversion returns to the markets.
Italian Deputy Prime Minister Luigi Di Maio on Sunday ruled out that the government could take the country out of the euro zone, saying such talk was no more than scaremongering by its political opponents. "No-one need fear an exit from the euro or from the European Union, there is no danger and no intention because that isn't what the Italians asked of us at the election," Di Maio said in an interview on private television station Canale 5. Di Maio, who leads the anti-establishment 5-Star Movement which governs with the right-wing League, told the station that the opposition Democratic Party said the government wanted to leave the euro "because they want to scare people".
It may well be make or break for the Pound and the British PM and the for the EUR as Italy faces up to the Establishment on Monday.
Most Asian shares recovered during early trade despite Wall Street suffering heavy losses overnight. In Europe, stocks continue to march higher on positive global cues which could support Wall Street later in the afternoon.
The massive support level near the $1185 level has been supportive for some time, and finally this last week we witnessed buying coming into push this market higher. In fact, Thursday ended up with a $30 gain. Friday has been very quiet, which is a good sign after that type of gain.
The US dollar fell during the week against the Japanese yen after forming a perfect shooting star last week at resistance. This was a classic sell signal, and the astute traders out there benefited. However, as we close out the week, it looks likely that there is support just below.
The British pound shows resiliency during the week against the US dollar, dropping towards the 1.30 level only to turn around and rally again. We are above the 1.3125 handle, and that of course is a very bullish sign.
The British pound dropped during the week against the Japanese yen, but as you can see the ¥147 level has offered support as we approached it. This is a market that has been going back and forth, but I would draw your attention to the shooting star from three weeks before.
The Euro went back and forth during the trading week, showing signs of resiliency and the 1.15 level. Friday was a bit soft, but overall it looks like we are going to continue to see buyers in this general vicinity.
The Australian dollar has bounced a bit during the week, breaking above the 0.71 level before selling off a little bit later on Friday. This is a positive candle, but quite frankly it pales in comparison of the negative candle stick that we had seen the previous week.
Gold markets were pretty quiet on Friday, grinding sideways after the explosive move on Thursday. This isn’t much of a surprise, because quite frankly markets need to cool off after a move like that. I think at this point, you are likely to see the market to one of a couple different things, either grind sideways to digest gains, or perhaps sell off as profit taking occurs.
The US dollar initially tried to rally during the trading session on Friday, but found resistance at the top of the recent consolidation that we have been in. Overall, this is a market that looks as if it is trying to find support at the 61.8% Fibonacci level again.
The British pound has pulled back a little during the session on Friday, showing signs of life again after falling initially. The market is one that I think is fairly well supported, but also has a lot of noise attached to it due to the Brexit.
The British pound has gone both up and down against the Japanese yen during the trading session on Friday, as traders start to come into the weekend. Because of this, it makes sense that the market participants would continue more of the same.
The Euro rallied initially during the day on Friday, but then sold off a bit during the early hours in the United States. However, I think that there is plenty of support below, so it is probably only a matter time before the buyers return.
The Australian dollar has rallied a bit during the trading session on Friday, as we continue to try to form a bit of a bottom. However, we are very much in a downtrend so don’t let that fool you.
Bitcoin prices holds above $6,000 Friday, after a 24-hour selloff results in the price of the world’s largest digital currency trading perilously close to the crucial support level.
Gold prices consolidated after surging higher on Thursday driven by demand to enter into a safe haven currency. Yields edge lower allow the dollar to ease paving the way for higher gold prices. President Donald Trump was on the tape on Thursday stating that he believe the Federal Reserve was being reckless and increasing interest rates was unacceptable. Gold prices broke out of a 2-month range hitting highs not seen since early August, and then consolidated on Friday. Prices surged above resistance which is now short term support near a downward sloping trend line at 1,212. Additional support is seen near the 10-day moving average at 1,200. Resistance on the yellow metal is seen near the July highs at 1,265. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.
The U.S. currency, as measured by the ICE Dollar Index, (DXY) a measure of the buck’s strength against six trading rivals, was at 95.265, up 0.3%. Overnight, the People’s Bank of China set the yuan (USDCNY) midpoint at 6.9120, its weakest level since March 10, 2017.