Daily Outlook


Cryptocurrencies experienced a minor corrective rally, but could Bitcoin price fall to $4,800?

Cryptocurrencies experienced a minor corrective rally, but could Bitcoin price fall to $4,800?

After recording one of the worst sell-offs in all of 2018, the crypto market has experienced a minor corrective rally, adding $8 billion to its valuation. The Bitcoin (BTC) price is approaching a resistance level at $5,600, a minor resistance...

Bitcoin Cash just split into two blockchains: what next?

Bitcoin Cash just split into two blockchains: what next?

The code for Bitcoin cash’s hard fork has been activated. With neither side of the contentious debate leading up to the hard fork willing to come to a compromise, two competing implementations of the protocol have now been activated. However,...

FxPro: Brexit news, weak economy and downward trend

FxPro: Brexit news, weak economy and downward trend

The British pound lost about 2% on Thursday, as Brexit talks provoked a number of ministerial resignations. Meanwhile, stocks of British banks were under threat, as the declared parameters of the deal would negatively affect their influence in Continental Europe....

OPEC strengthens the U.S. shale oil sector

OPEC strengthens the U.S. shale oil sector

If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than...

Economic results of the week: growth slowdown, trade war, rates hike in Asia, preliminary Brexit agreement

Economic results of the week: growth slowdown, trade war, rates hike in Asia, preliminary Brexit agreement

The global economy took another blow this week, with Germany and Japan – the world’s third- and fourth-largest economies – both showing contractions in the third quarter and renewing fears of a synchronized slowdown. Trade wars are dragging on, the...

Igor Sechin: Rosneft is fine with any level of oil prices

Igor Sechin: Rosneft is fine with any level of oil prices

Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. “We manage risks. If prices fall, we will work on increasing our market share,” Sechin said, adding...

FxPro: Fears of rising interest rates continue to push down growth stocks

FxPro: Fears of rising interest rates continue to push down growth stocks

There was a positive sentiment on Thursday, at the start of the trading day. However, as we saw in the past five trading days, the positive morning vibe was gone by the midst of the American session. Markets retain the...

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

Tokens Continue to Take a Hit: is SEC Preparing to Target Crypto Projects?

The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent....

Bitcoin price hits 2018 low amid cries of “capitulation”

Bitcoin price hits 2018 low amid cries of “capitulation”

Bitcoin price finally broke through $6,000 support, falling as low as $5,500 with the price still volatile at press time. As Bitcoin (BTC) price has flatlined as of late, one could say that it was a welcome sight to have...

Crude’s Collapse Is Sending Shockwaves Across Global Markets

Crude’s Collapse Is Sending Shockwaves Across Global Markets

Investors have gone from contemplating the prospect of oil at $100 to sub-$50 in less than two months. No wonder global markets are playing catch-up. From stocks and bonds to currencies, assets worldwide are gripped by a crude awakening. Monday...