
The government of Belarus has passed new statutes aimed in part at encouraging the development of companies around cryptocurrency and blockchain.
via CoinDesk
S&P500 shows a five wave move within wave 5) since mid of November which means that sooner or later, a deeper and new corrective set-back may occur. Particularly we see price picking up, away from the lower channel line, which indicates final sub-wave five of 5 to be in progress, which can search for a [...]
The post S&P500 Can Face a Bearish Reversal and CADJPY More Upside appeared first on Forex Crunch.
The US housing market looks steaming hot, at least according to the annualized level of new home sales which jumped by 17.5% to 733K.Is this an outlier? It may be so. The figure for November was revised down to 624K, quite a big change from 685K originally published. The final read of consumer confidence from [...]
The post US new home sales leap by 17.5% to 733K – USD ticks up appeared first on Forex Crunch.
The big sell-off of cryptocurrencies continues with huge falls in all 5 digital coins. Here are 5 reasons for the big fall. The king of coins, bitcoin, is down over 33% and trades around $10,900 at the time of writing. The low so far has been $10,400 and volatility is raging, with a recovery reaching $12,000. [...]
The post BTC/USD dips to $10,400 before bouncing – trading halted at the CME appeared first on Forex Crunch.
Orders of durable goods rose by 1.3% in November, lower than 2% expected. Looking at core orders, we already have an outright drop of 0.1% against a rise that was expected. A deeper dive into the core of the core points to a drop of 0.1% as well. Sales of durable goods feed into GDP [...]
The post US durable goods orders fall short of expectations – USD still stable appeared first on Forex Crunch.
Bitcoin cash (BCH) was the shining star earlier in the week when Coinbase included it in its exchange. Now it seems to be one of the biggest losers in the dive of digital currencies. Why are they falling? Here are 5 reasons for the crypto-crash. BCH/USD dipped under a level of support but managed to [...]
The post Bitcoin cash crash: technical levels to watch on BCH/USD appeared first on Forex Crunch.
Ethereum is often seen as the “second cryptocurrency”, offering a significant alternative to bitcoin due to its more sophisticated nature. ETH/USD hasn’t always followed its bigger brother, but when all cryptocurrencies crash, Ethereum is no exception. Why are digital coins down? Here are 5 reasons for the crypto-crash. Yet ETH/USD seems to have a better technical [...]
The post ETH/USD erosion: creates double bottom – technical levels to watch appeared first on Forex Crunch.
The British economy grew by 0.4% in Q3 2017 also according to the final read, but on a yearly basis, growth was upgraded from 1.5% to 1.7%, a bit of good news. This small upgrade was countered by a disappointment on the current account read: a deficit of 22.784 billion pounds, worse than 21.2 billion [...]
The post UK Q3 GDP final read upgraded to 1.7% y/y – GBP/USD ticks up appeared first on Forex Crunch.
Double-digit downfalls for digital currencies is the name of the game today with no holdouts nor standouts. What is going on? Here are 5 reasons for the crypto-crash. Litecoin, LTC/USD, is down over 22%, suffering one of the biggest downfalls, competing only with bitcoin cash. Here is the chart showing the big fall, followed by [...]
The post Litecoin, heavy crash: technical levels to watch on LTC/USD appeared first on Forex Crunch.
Cryptocurrencies are suffering a sell-off: it’s a Santa rally but just in reverse. Why are digital coins coming down? Here are 5 reasons for the crypto-crash. Ripple was initially guarded against the fall, holding its ground while bitcoin, Ethereum, bitcoin cash and litecoin were all tumbling down. However, the sell-off has arrived at XRP/USD as well. [...]
The post Ripple rolls over: levels to watch on XRP/USD appeared first on Forex Crunch.
Cryptocurrencies are crashing across the board and the leading coin, bitcoin, is not immune to the fall. Why is the sell-off occurring? Here are 5 reasons for the crypto-crash. Bitcoin is not suffering the worst crash, but as the leading digital currency, it enjoys the highest volume and its recent moves offer technical levels of [...]
The post BTC/USD: Levels to watch after the big crash appeared first on Forex Crunch.