PLUS1
Currency
FTX Disaster, What went Wrong?
02 Dec 2022 @ 10:30
More than 2 billion dollars was lost in the FTX disaster due to problems relating to a lack of liquidity on the platform. Within 3 days, about 80% of the value of the FTT token was lost. FTX was once seen as a survivor and a champion in the struggling market. What went wrong with […]
GBP/USD Cuts Part of the In-day Profits, Yet Receives Bid Beyond 1.2000 Due to Weak USD
29 Nov 2022 @ 22:11
Fresh buying orders located the GBP/USD pair Today (Tuesday). This has brought some recovery from yesterday’s dip to a 3-days low. Nevertheless, GBP/USD has retraced a few pips Downwards from its daily height in the first part of the European trading period. As of now, the pair is being bought and sold beyond the 1.2000 […]
The Founder of Cheelee and NUTson Launches a $200 Million Support Fund for the Crypto Industry
23 Nov 2022 @ 10:35
The creator of a Web3 Social video platform, which is known as Cheelee and a Web2 mobile App program known as NUTson has announced the establishment of a $200 million support fund aimed at supporting the crypto industry in turbulent financial times. The Founder of Cheelee and NUTson, Roman Alekseev, in a statement that he […]
EUR/GBP Continues to Record Moderate Profits Beyond Mid-0.8700S, Lacks Upside Momentum
14 Nov 2022 @ 22:02
EUR/GBP moves higher for the 2nd day in a row today (Monday). Also, it is now holding to moderate in-day profits during the opening hours of the European session. The pair is now positioned beyond the mid-0.8700s however lacks any follow-through buying confidence. The pair keeps attracting some assistance from bets for an increased policy […]
USD/JPY Records Moderate Gains But Loses It
11 Nov 2022 @ 22:09
USD/JPY recorded moderate gains during the early hours of today (Friday). This saw the pair recovering some losses due to a CPI-induced dip towards 140.20. Nevertheless, the in-day uptick failed around 142.00s and the USD/JPY pair gave up most of its in-day gains, as it falls below 141.00 in the first part of the European […]
EUR/USD Retraces Downwards to 0.9950 Before United States CPI
10 Nov 2022 @ 23:41
EUR/USD lost its footing and has fallen under the 1.000 price level during the early hours of today (Thursday). The short-term outlook reveals that this price decline is due to a lack of buyers. Nevertheless, the United States October CPI data will soon give a new direction to the pair. The risk avoidance situation helped […]
GBP/USD Stays Steady Around 1.1550 During Risk Aversion
09 Nov 2022 @ 20:33
GBP/USD oscillates near the mid-1.1500s, this happened while the 4 days uptrend as buyers and sellers struggles during early Wednesday. The pair’s past gains can be related to the wide USD lack of upside momentum. The BOE Economist Huw Pill pointed out recession worries during panel discussion. He as well included that the Bank of […]
XAU/USD Maintains Focus on $1,683
08 Nov 2022 @ 23:30
Gold appears to be putting an end to its downtrend. This is happening as the subdued United States Treasury yield provided some assistance. The United States Dollar rebounds strongly during a cautious market sentiment on Mid-term Election Day. Gold bulls stay optimistic as strong support lies at the $1,660 price level. XAU/USD price recently obtained […]
EUR/USD Retraces Below 0.9900 Price Levels During Risk Avoidance Flow
01 Nov 2022 @ 15:12
EUR/USD was bought and sold near the 0.9920 price level during the opening of this week, following its closing at the 0.9965 price level three days ago (Friday). The money market commenced the week on a poor note during lukewarm Chinese data. Consequently, this indicates more economic regression in October. This can be seen as […]
Sterling Decline is Still in Progress
29 Oct 2022 @ 00:09
The new UK government gave a boost to sterling, GBP/USD rallied to the main resistance line on the chart below. This followed a steep decline when the budget was announced in September. Markets don’t move in a straight line but they tend to folow the same path. The path for GBP/USD is down, I believe […]
