Cryptocurrencies
Billionaire Gautam Adani Loses $60 Billion
The Indian tycoon drops out of the top end of the powerful club of the world’s biggest fortunes. He started the year as the fourth richest man in the world. For 24 days he took Read more…
Cryptocurrencies
Billionaire Gautam Adani’s Empire Continues to Burn
In two weeks Adani Group has lost more than $118 billion in market value, more than half its market capitalization. The fire continues to decimate the market value of the conglomerate built by the Indian Read more…
Cryptocurrencies
Fourth-Quarter GDP Print to Ease Sterling Problems?
Last week was dominated by the US, particularly the impressive data releases on Friday. Other regions could steal the limelight this week, particularly the UK where developments across the board are not encouraging. Friday’s fourth-quarter Read more…
Cryptocurrencies
USDJPY Jumps Above a Downtrend Line
USDJPY shot up on Friday following the robust US employment report and opened with a positive gap today. The rally took the pair above the downtrend line drawn from the high of November 21, as Read more…
Cryptocurrencies
Dollar Extends Rally
The US dollar continued where it left off on Friday when it surged higher after the US jobs report came out much stronger than expected, catching many people by surprise. While the additional gains have Read more…
Cryptocurrencies
Futures Decline on Rate Concerns & US – China Tensions
US futures Dow futures -0.50% at 33740 S&P futures -0.75% at 4104 Nasdaq futures -1% at 12447 In Europe FTSE -0.71% at 7838 Dax -0.95% at 15369 Jobs data supports a more hawkish Fed US Read more…
Cryptocurrencies
EUR/USD Extends Losses
The euro continues to lose ground and has started the week in negative territory. In the European session, EUR/USD is trading at 1.0783, down 0.19%. Earlier in the day, the euro has now fallen to Read more…
Cryptocurrencies
EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.0745; (P) 1.0842; (R1) 1.0892; More… Intraday bias in EUR/USD is still on the downside for the moment. Fall from 1.1032 short term top is correcting whole rise from 0.9534, and should Read more…
Cryptocurrencies
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1979; (P) 1.2122; (R1) 1.2197; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2446 is seen as the third leg of the corrective pattern from 1.2445. Read more…
Cryptocurrencies
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 129.28; (P) 130.24; (R1) 132.15; More… Intraday bias in USD/JPY remains on the upside. Rise from 127.20 short term bottom should target 55 day EMA (now at 133.28) first. Firm break there Read more…