Uncertain - only been with them for a week.
Margins are extremely high - so small and new traders like my self are risking our entire capital on a single trade
Bitcoin trades lower at $97,400 (-3.76%) as more signs emerge that investors have called time on its one-month post-US election rally.
As noted yesterday, the modest gains that followed Trump's appointments of the pro-crypto Paul Atkins as SEC head and David Sacks as his "AI and Crypto Czar" were warning signs the rally was faltering.
As was the volatility...
The AUDUSD finished higher o/n at .6440 (+0.80%) boosted by reports that China will increase support for its economy.
We suspect yesterdays China headlines help the AUD/USD remain above critical multi month support at .6370/50 for now, despite the likelihood of a dovish pivot this afternoon from the RBA as outlined in the article ⬇️
The AUD/USD would need to...
Bitcoin trades at $95,654 (-1.68%), continuing to work off overbought readings and consolidating the gains that followed its post-election rally to the $99,800 high.
Once the current period of consolidation is complete, which may include another leg lower towards $90,000 (Wave c of iv as viewed on the chart below), we expect the uptrend to resume, leading to a...
USDJPY finished lower overnight at 149.56 (-0.11%) its lowest daily close in over six weeks. The rebound in the JPY is being supported by increased expectations of a 25bp rate hike at the BoJ’s Dec meeting following a strong rise last week in the Tokyo core rate of inflation (2.2% in November, up from 1.8% in October) and after BoJ Governor Ueda said over the...
The ASX200 finished 23 points (0.28%) higher yesterday at 8417 giving back a good chunk of gains as the 3pm seller that we saw last Tuesday returned.
Nonetheless, yesterdays close above multi-week trend channel resistance, currently at 8400ish was a positive development. Provided the ASX200 can sustain the move above 8400 over the next 48 hours, it will be...
Bitcoin is trading at $94,060 (-3.92%), with the retreat from the $99,800 high viewed as a much needed pullback to work off overbought readings, rather than the start of a reversal lower or anything sinister. It also provides a reminder that markets, even crypto markets don’t move in straight lines indefinitely.
Looking ahead, the upside acceleration in Bitcoin...