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Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level

Ethereum network participants are attempting to raise the network’s block size as a direct response to network congestion. As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees....

Ethereum Tests 25% Capacity Increase as Network Fees Hit Bitcoin Level
Platinum Wave Analysis – 19 September, 2019

Platinum reversed from support area Further gains likely toward 963.00 Platinum recently reversed up from the support area lying between the support levels 928.00 (which stopped the earlier waves (iv) and (a)), 920.00, 50% Fibonacci correction of the previous upward...

AUDJPY Wave Analysis – 19 September, 2019

AUDJPY reversed from resistance zone Likely to correct down to 73.00 AUDJPY recently reversed down from the resistance area lying between the resistance level 74.50 (former support from June), upper daily Bollinger Band, 100-day moving average and the 38.2% Fibonacci...

Here’s why regulators are so worried about Facebook’s digital currency

Policymakers around the world have upped the pressure on libra, the digital currency being introduced by Facebook, amid concerns it could heavily disrupt the global financial system. On Tuesday, European Central Bank board member Benoit Coeure warned that virtual currencies...

Economic Events

FxPro Daily Insight for September 19
FxPro Daily Insight for September 19
FxPro Daily Insight for September 18
FxPro Daily Insight for September 18
FxPro Daily Insight for September 13
FxPro Daily Insight for September 13
Daily Outlook

Crypto Review

Bit-comment: Cryptocurrencies continue to surprise
Bit-comment: Cryptocurrencies continue to surprise

Bitcoin loses more than 3% over the last 24 hours and trades at $9,800. Cryptocurrencies continue to surprise market participants. At the start, the Bitcoin dominance index fell, then the Bitcoin fell itself, and now almost the entire market of...

Altcoin Season Is About to Return – Here’s Why
Altcoin Season Is About to Return – Here’s Why

Alternative coins or altcoins have been slowly bleeding over the last two years. This is especially true for altcoins in their bitcoin (BTC) pairs. Many are down by over 90% from their all-time highs. Some mid-cap coins have even breached...

Bit-comment: Bitcoin eased its dominance
Bit-comment: Bitcoin eased its dominance

Bitcoin remains outside the market, trading at $10,250. All dynamics are now in altcoins, which is seen in the sharp decline in the Bitcoin dominance index to 67.8%. Almost all the altcoins from the TOP-100 are in the green zone....

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Market Snapshots

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Platinum Wave Analysis – 19 September, 2019
Platinum Wave Analysis – 19 September, 2019

Platinum reversed from support area Further gains likely toward 963.00 Platinum recently reversed up from the support area lying between the support levels 928.00 (which stopped the earlier waves (iv) and (a)), 920.00, 50% Fibonacci correction of the previous upward...

AUDJPY Wave Analysis – 19 September, 2019
AUDJPY Wave Analysis – 19 September, 2019

AUDJPY reversed from resistance zone Likely to correct down to 73.00 AUDJPY recently reversed down from the resistance area lying between the resistance level 74.50 (former support from June), upper daily Bollinger Band, 100-day moving average and the 38.2% Fibonacci...

Corn Wave Analysis – 18 September, 2019
Corn Wave Analysis – 18 September, 2019

Corn reversed from resistance zone Further losses are likely Corn recently reversed down from the resistance area lying between the resistance level 372.00 (top of the previous Evening Star from the end of August), upper daily Bollinger Band, resistance trendline...

AUDUSD Wave Analysis – 18 September, 2019
AUDUSD Wave Analysis – 18 September, 2019

AUDUSD reversed from resistance zone Further losses are likely AUDUSD under bearish pressure today after the earlier downward reversal from the resistance area lying between the resistance level 0.6870 (former monthly support from the middle of May), upper daily Bollinger...

Sugar Wave Analysis – 17 September, 2019
Sugar Wave Analysis – 17 September, 2019

Sugar reversed from resistance zone Further losses are likely Sugar recently reversed down with the daily Falling Star from the resistance zone lying between the resistance level 11.25 (former strong support from August), upper resistance  trendline of the daily down...

NZDUSD Wave Analysis – 17 September, 2019
NZDUSD Wave Analysis – 17 September, 2019

NZDUSD reversed from resistance zone Further losses are likely NZDUSD recently reversed down from the resistance zone lying between the resistance level 0.6430 (former strong support from October of 2018), upper daily Bollinger Band and the 38.2% Fibonacci correction of...

Bit-comment: BTC calmed while ETH gain its momentum
Bit-comment: BTC calmed while ETH gain its momentum

The Bitcoin price has remained virtually unchanged over the past 24 hours, remaining close to $10,200. As for the tech analysis, the first cryptocurrency remains trapped in the triangle, showing a weakening of the oscillation amplitude since late June. Among...

Dollar rose on the higher Oil, but the downward trend remains
Dollar rose on the higher Oil, but the downward trend remains

Markets react relatively sluggishly to the events of the beginning of the week. Oil remains at elevated levels, climbing13% since the beginning of the week. For a long time to come, the market will continue to have a higher premium...

FxPro Daily Insight for September 17
FxPro Daily Insight for September 17

Market overview FX: On Monday the dollar index added 0.5% to 98.20. EURUSD dropped to 1.1000. EUR, CHF slightly increase this morning while most major currencies are losing ground to USD. The volatility of the foreign exchange market is within...

Silver Wave Analysis – 16 September, 2019
Silver Wave Analysis – 16 September, 2019

Silver reversed from support zone Further gains are likely Silver recently reversed up from the support zone lying between the support level 17.50 (former pivotal resistance from August), the support trendline from July and the 38.2% Fibonacci correction of the...

EURUSD Wave Analysis – 16 September, 2019
EURUSD Wave Analysis – 16 September, 2019

EURUSD reversed from resistance zone Further losses are likely EURUSD recently reversed down from the resistance zone lying between the resistance level 1.1080 (top of the previous wave (a)) and the resistance trendline of the daily down channel from June....

Bit-comment: Bitcoin’s price range tightens
Bit-comment: Bitcoin’s price range tightens

During the last day and throughout the weekend Bitcoin was in a limited price range, trading around $10,400. The trading volume has declined by about 20% since Friday. The situation with the difficulty of BTC production is quite different. Since...

The attack in Saudi Arabia: suitable for oil, bad for global growth
The attack in Saudi Arabia: suitable for oil, bad for global growth

Brent opened the week with a price spike of more than 20% on reports of an attack on a significant oilfield in Saudi Arabia. Oil has made the sharpest intraday spike since the 1991 Gulf War. The oil price jump...

FxPro Daily Insight for September 16
FxPro Daily Insight for September 16

Market overview FX: The dollar index lost 0.2% to 98.0 at the start of the week’s trading, but has already returned positions. EURUSD is trading near Friday’s close at 1.1065. Crude oil-related CAD, NOK, RUB lost more than half of...

GBPNZD Wave Analysis – 13 September, 2019
GBPNZD Wave Analysis – 13 September, 2019

GBPNZD broke resistance zone Further gains are likely GBPNZD recently broke the resistance zone lying between the resistance level 1.9400 (which has been reversing the price from the middle of June) and the 61.8% Fibonacci correction of the previous downward...

Cotton Wave Analysis – 13 September, 2019
Cotton Wave Analysis – 13 September, 2019

Cotton reversed from support zone Further gains are likely Cotton recently reversed up from the support zone lying between the long-term support level 56.70 (which has been reversing the price from the start of 2015) and the lower weekly Bollinger...

Crypto market: unity or death
Crypto market: unity or death

Crypto market remains in a sideways trend: Bitcoin traded around $10K on Friday morning, altcoins are still near the lows, BTC dominance index grew above 70%. Autumn promises to be productive on events with the deliverable futures launch from Bakkt,...

Largest central banks returned the demand for yield to markets
Largest central banks returned the demand for yield to markets

The market shows demand for yielding assets, which in turn supports demand for the stocks and currencies of emerging markets. The main reason for optimism is that China and the United States have moved their positions closer, in terms of...

Platinum Wave Analysis – 12 September, 2019
Platinum Wave Analysis – 12 September, 2019

Platinum reversed from support zone Further gains are likely Platinum recently reversed up from the support zone lying between the key support level 931.00 (low of the previous wave (a)), upper trendline of the daily up channel from June and...

USDCHF reversed from resistance zone
USDCHF reversed from resistance zone

USDCHF reversed from resistance zone Further losses are likely USDCHF today reversed down from the resistance zone lying between the resistance level 0.9940 (which also reversed the price with the daily Evening Star at the start of August), upper daily...

Palladium Wave Analysis – 11 September, 2019
Palladium Wave Analysis – 11 September, 2019

Palladium broke resistance level 1560.00 Further gains are likely Palladium recently broke the resistance level 1560.00 (which reversed the price at the start of September with the daily Evening Star – and also at the end of July). The breakout...

EURAUD Wave Analysis – 11 September, 2019
EURAUD Wave Analysis – 11 September, 2019

EURAUD broke support zone Further losses are likely EURAUD recently broke through the support zone lying between the support level 1.6100 (which reversed the price at the start of August) and the 61.8% Fibonacci correction of the previous upward impulse...

Copper Wave Analysis – 10 September, 2019
Copper Wave Analysis – 10 September, 2019

Copper reversed from resistance area Further losses are likely Copper recently reversed down from the resistance area lying between the key resistance level 264.00 (former monthly high from April), upper daily Bollinger Band, 100-day moving average and the 50% Fibonacci...

GBPJPY Wave Analysis – 10 September, 2019
GBPJPY Wave Analysis – 10 September, 2019

GBPJPY rising inside weekly wave 2 Further gains are likely GBPJPY continues to rise inside the weekly upward correction 2, which started earlier from the support area lying between the long-term support level 126.50 (which stopped the sharp downtrend in...

EURCHF Wave Analysis – 09 September, 2019
EURCHF Wave Analysis – 09 September, 2019

EURCHF broke resistance area Further gains are likely EURCHF recently broke through the resistance area lying between the resistance level 1.0915 (top boundary of the sideways price range from last month) and the 38.2% Fibonacci correction of the previous downward...

Silver Wave Analysis – 09 September, 2019
Silver Wave Analysis – 09 September, 2019

Silver reversed from resistance area Further losses are likely Silver recently reversed down from the resistance area lying between the resistance level 19.50 and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese...

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Brokers News

Turkish Local Elections
Turkish Local Elections

Next Sunday, 31/03/2019, Turkey will hold local elections in order to elect its local representatives. As a result the following restrictions were applied from 27/03/2019 at 17:00 GMT+2: – TRY Forex pairs were changed to “close only” mode; – Swap...

FxPro: “Most Reliable Broker of the Year”
FxPro: “Most Reliable Broker of the Year”

On December 19, FxPro became the International Investor Award Winner and was named the “Most Reliable Broker of the Year (Global Markets)”. This status is definitely confirmed by the worldwide traders’ trust: more than 870,000 client accounts are opened with...

Urgent! Brexit’s Final: changing in FxPro trading conditions
Urgent! Brexit’s Final: changing in FxPro trading conditions

December, 11 at 19:00 UK time The UK House of Commons will make a final decision for or against Theresa May’s Brexit deal. Foremost, the courses of GBPUSD, EURGBP, EURUSD, UK Indices and UK Shares will be affected. Due to...

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Brexit

Sterling could rally to $1.50 if Boris Johnson secures a Brexit deal, strategist says
Sterling could rally to $1.50 if Boris Johnson secures a Brexit deal, strategist says

Sterling could soar as high as $1.50 if lawmakers agree a Brexit deal before the U.K. leaves the European Union, one strategist has told CNBC. Speaking on CNBC’s “Squawk Box Europe” on Thursday, Hans Redeker, global head of FX strategy...

Sterling shrugs as UK leader Johnson suspends Parliament for 5 weeks
Sterling shrugs as UK leader Johnson suspends Parliament for 5 weeks

UK Prime Minister Boris Johnson’s office has confirmed the British Parliament will be suspended for the next five weeks starting Monday, after Johnson visited his counterpart in Dublin to discuss solutions to a problem that bedevilled his predecessor Theresa May:...

Brexit Today: Pound Sterling To US Dollar, Euro Exchange Rates Lifted As PM Johnson Faces String Of Defeats
Brexit Today: Pound Sterling To US Dollar, Euro Exchange Rates Lifted As PM Johnson Faces String Of Defeats

Pound (GBP) to Euro (EUR), Dollar (USD) exchange rates were trading close to fresh highs posted on Wednesday as Thursday’s European session got underway with Sterling riding a wave of positive sentiment as opponents to no-deal Brexit trounced the government...

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