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$NEXT & OLCV Sign Term Sheet for CO2 Transportation and StorageNextDecade, Oxy Low Carbon Ventures Sign Term Sheet for CO2 Transportation and Storage in South Texas today announced that they have executed a term sheet for the offtake and permanent geologic storage of CO2 captured from NextDecade’s planned Rio Grande LNG project in the Port of Brownsville, Texas. Under the terms of the agreement, OLCV will offtake and transport CO2 from the Rio Grande LNG project and permanently sequester it in an underground geologic formation in the Rio Grande Valley, where there is vast CO2 storage capacity, pursuant to a CO2 Offtake Agreement and a Sequestration and Monitoring Agreement to be negotiated by the parties. finance.yahoo.com
NASDAQ:NEXT
by AlenCiken
1
FANS is ready for the next reboundAfter the strong performance based on great news in February 21 there was an overreaction by investors that were selling afterwards. The result was a pull-back to around 1.35 CAD $. Also based on Stoch RSI indicator the stock is oversold at the moment and seems to be ready for a turnaround. Today's news regarding the application for U.K. Gambling Licenses is very promising. It seems to be realistic to me that FANS will be able to climb up to 2.50-3.00 CAD $ by the end of March.
F
by the_realone
Ascending Triangle in Vivocom - Time to Skyrock?In the past 3 months, VIVOCOM MYX:VIVOCOM formed an ascending triangle with accumulation characteristics after collapsing from a parabolic run up. Last week while the market was in a correction as spooked by the sharp rising US treasury yield, VIVOCOM went up from 0.935 to 1.05 without pressured by excessive supply. Will the RM3.8b sand supply contract act as a catalyst for VIVOCOM to start the markup phase? Let's analyze the price action with volume spread analysis (with the Wyckoff analysis concept) to uncover the telltale signs and potential targets for VIVOCOM based on point and figure projection.
VLong
by mingjong
L&T | AnalysisAs we know Budget 2021 of INDIA has been there and its main focus is on the infrastructure. So, It may be good to have a Good Stock based on this in our watchlist. So, Let's come to the Point, Should you buy this Stock ? Let's See the Analysis first and then we'll conclude the Buy/Sell Call --> In the Chart we can see that the Rectangular Range is there which is tested well and Price is fluctuating in it for a long time. Also, In the hourly chart we have the Descending Triangle which serves as the reversal pattern because Bears are pushing the price at the same level while Bulls are not able to. As a result, Descending Triangle forms with trendline at the top with decreasing buyers momentum and Baseline at the bottom indicating the constant seller's momentum. But RSI indicates that there is a support and It can jump from there, So, We should wait for the breakout. So, at the end we have two different scenarios that are either the stock will follow Path 1 or Path 2. So, wait for the breakout and follow the Path accordingly.
NSE:LT
by alphadecodetrade
Week in a Glance: Wall Street nightmares, the Fed and US GDP The main event of the past week was, of course, organized attacks by retail investors on the shares of a number of companies. We wrote about this in our previous reviews, in fact, absolutely everyone has already written about it, so we will not once again describe the essence of what is happening. Let's talk better about the consequences. Based on the current situation, we can talk about a local revolution in financial markets that can significantly reshape them. At a minimum, everyone on Wall Street will now monitor the largest forums and chat rooms to earn an extra penny or defend against future attacks. But on the whole, it is clear that the status quo will be violated. Moreover, both by market methods (for example, a sharp rise in prices for option contracts and a decrease in the potential of gamma squeezes) and non-market (regulators have not yet said their word, but it is obvious what they will say). In the meantime, retailers are seizing the moment and continue to attack new companies, wreaking havoc and anarchy on Wall Street. Among other events of the week, it is worth noting the meeting of the FOMC, which finished without surprises: the rate was left unchanged, as well as other parameters of the monetary policy. At the same time, Powell confirmed that this state of things will remain unchanged for the foreseeable future. The data on US GDP, published on Thursday, came out slightly worse than analysts' forecasts (4%), but on the whole they cannot be called a failure (after all, the country was in a lockdown for half a quarter). Although it is worth noting that the annual GDP fell by 3.5%, which was the worst year for the United States at least since the end of World War II. The coming week will definitely not be a week of respite after a busy previous one: statistics on the US labor market (including data on NFP), the Bank of England meeting, Eurozone GDP, as well as the further development of the confrontation between Reddit and Wall Street will not let anyone sleep well.
DJ:DJIShort
by Trade24Fx
Hamsters are still attacking, markets are in turmoil The main event of this week is the organized attacks of retail investors. Millions of financial lemmings attack poorly defended positions on a number of assets and got some impressive victories. The Wall Street giants, on the one hand, are at a loss, and some are even losing billions, and on the other hand, on a number of assets, daily intraday movements are (+/- 50%!), which makes it possible to earn hundreds of times more than before. We wrote about this uprising in more detail in yesterday's review, and in today's review, we note that events continue to develop, which makes financial markets very nervous. What if hamsters rush to storm not forgotten by God Blackberry or Nokia, but some of the companies on the go? This can lead to complete chaos. And that's scary, especially when you consider how overbought the market is. The markets were somewhat reassured by yesterday's US GDP data. Growth for the fourth quarter amounted to 4%, which, although slightly worse than forecasted, is overall quite a lot, especially when you consider that half of the quarter US economy was in lockdown. British Prime Minister Boris Johnson warned that the lockdown could last until at least 8 March. Against the background of this statement, as well as all the difficulties that British exporters and importers are now facing because of Brexit, it is extremely strange to see the pound at 1.37. So today we will actively sell it. The deal looks almost perfect: profit targets are measured in hundreds of points, but the risks are limited to tens of them. In general, under the current conditions, the best strategy, in our opinion, will be to avoid risky assets and return to buying the good old dollar, which, by the way, looks rather oversold.
TVC:DXYLong
by Trade24Fx
Reddit vs Wall Street, FOMC and key earnings Yesterday was quite eventful, if not for news, then for price fluctuations in financial markets. The day began with the usual growth in demand for risky assets, but with the start of the American session, fear appeared on the market, which provoked a decline in the stock market, as well as some strengthening of the dollar. At the same time, in general, there were no particular reasons for such a rapid change in sentiments, which is quite symptomatic. As for the possible reasons for worries, we can only mention the meeting of the FOMC. But this reason is very weak, because the US Central Bank did not change the parameters of monetary policy, which was expected. This means it should not have provoked an emotional outburst. The largest technology companies in the United States reported yesterday: Apple, Facebook, Tesla, as well as a number of other major players in the US stock market. Everyone expected a repeat of Microsoft's success. In fact, it turned out that way. After all, 2020 was a very successful year for the tech sector. Which, however, in no way justifies its current prices. So our position remains unchanged in 2021, we expect at least a powerful correction, and as a maximum - a full collapse of the bubble. Speaking of bubbles. A very interesting battle has unfolded between Wall Street whales and small investors and traders. The latter decided to punish the hedge fund Melvin Capital, which sold all sorts of doomed companies like GameStop, BlackBerry and others. So, millions of retail traders rushed to buy the shares of these companies, as well as a number of others that the hedge fund Melvin Capital was selling. As a result, stocks skyrocketed hundreds of percent, and the hedge fund lost billions of dollars. But it was supported by Ken Griffin (founder and owner of Citadel) and Steve Cohen (founder and owner of SAC Capital), who invested $ 2.8 billion in Melvin. So far, the epic confrontation continues. Considering that the current stock quotes, which are dispersed by Reddit users, have reached absolutely insane values, we would bet on investment whales, that is, the sale of GameStop shares can literally make anyone who dares to sell them rich. The fall of these stocks is actually inevitable. The only question is whether it will take place today or tomorrow.
NYSE:GMEShort
by Trade24Fx
IMF forecasts, Fed and stock market monsters In terms of news, yesterday can hardly be called oversaturated. The UK labor market was not as bad as it could be. The IMF has updated its forecasts for the world economy in the foreseeable future. On average, 5.5% growth is expected in 2021, which is 0.3% higher than the previous estimates announced in October. Perhaps this information explains the surge of optimism in the financial markets that was observed yesterday. Markets may receive another dose of positive today this time from the Fed. Almost for sure the positive will not consist in further easing of monetary policy, which would be ideal for buyers in the US stock market. Rather, we are talking about a certain status quo in its current form. Markets are waiting for confirmation that the current ultra-low rates and quantitative easing program are for a long time. And if suddenly this does not seem enough to the markets, then today the real monsters of the US stock market will publish their financial results. We are talking about Apple, Facebook and Tesla. Microsoft already made it clear yesterday that the tech sector felt like a fish in water in 2020. It is likely that today, after the market closes, similar conclusions can be drawn after the report of other titans. In general, the bubble has every chance of continuing to inflate. And on this occasion, we recall one of the fairly well-known statements: “The market doesn’t end with some terrible burst of bad news. It ends when things are pretty darn good, but not quite as good as yesterday”.
DJ:DJIShort
by Trade24Fx
Stimulus Issues, the Economic Forum, and the case of Israel Yesterday has started with the markets full of confidence that stimulus are adopted. But the day has ended with a less positive tone. A number of Republicans have said that Biden's proposal is too generous and that one should be more modest: there is a black hole in the US budget, as well as the rapidly growing national debt. However, it is too early to make any conclusions and the market sentiments will obviously change more than once. The pandemic continues to be a permanent threat, which does not allow investors to relax completely, even if they would like to. The total number of cases in the world has exceeded 100 million and the voices that all these coronaviruses are nonsense and fictions are not heard at all. This is understandable. Even if Israel, having vaccinated 40% (!) of the population, is forced to declare a third lockdown, since the pandemic is once again spinning out of control. What can be said about other countries. It will be quite interesting today to get acquainted with the updated forecasts from the IMF about the future of the world economy. By the way, about the world economy. Yesterday there was a virtual world economic forum - a kind of Davos on-line. However, it did not bring any sensational discoveries, so by and large it has changed nothing.
DJ:DJIShort
by Trade24Fx
Week in a Glance: Biden and stimulus, Central banks and lockdown The past week turned out to be quite eventful with various fundamental events. The main thing, of course, was the inauguration of Biden and the expectations of the markets for the implementation of his plan to help the US economy in the amount of $1.9 trillion. On Tuesday, before the inauguration, the future head of the US Treasury, Jannette Yellen, spoke in Congress and called to “act big”. Actually, this speech was like a trigger for a change in sentiments in the financial markets, which again switched to the greed mode. As a result, the US stock market renewed its historical highs. Although the behavior of the cryptocurrency market shows that it is likely that the hour of reckoning is just around the corner. This refers to the departure of Bitcoin, albeit temporary, below 30K, that is, it has lost a quarter of its value. Cryptocurrencies are an extreme form of human greed and an early indicator of sentiments shifts. So, it looks like something is starting to change. The next in line is the US stock market. Actually, something is changing in the air of the stock markets despite all those highs. The earnings season is going pretty strange. Companies publish generally good, and in some places excellent, financials. But their shares after that tend to fall (with few exceptions like Netflix). Looks like, fewer and fewer people want to buy at prohibitively high prices. Especially when you consider that the global economy is steadily declining in the first quarter due to lockdowns. Germany and a number of other European countries have decided to extend the lockdown until mid-February. The past week can be called the week of the Central Banks. The Bank of Japan, the ECB, and the Bank of Turkey left the parameters of their monetary policy unchanged (as the markets expected). As a result we did not see any powerful movements in this regard.
DJ:DJIShort
by Trade24Fx
Stable Central Banks, Turkish Lira and US Data Yesterday can be called the day of the Central Banks: Bank of Japan, ECB and even the Bank of Turkey. Since all the above-listed central banks left their monetary policy parameters unchanged (as the markets expected), we did not see any serious price movements yesterday. In general, oddly enough, the main intrigue was around the Bank of Turkey. The fact is that Erdogan is very dissatisfied with the current high rates of the Central Bank (17%) and has repeatedly stated the need to reduce them. But the Bank of Turkey demonstrated de facto independence and left 17% in the game. This means that the Turkish lira continues to remain extremely attractive from the position of carry trade. So sell USDTRY looks like a potentially very attractive trade. A bunch of data were published yesterday related to the US labor and housing markets. Initial jobless claims were slightly better than forecasts and the previous value. But in general, 900K is a lot. More than three times higher than pre-pandemic levels: a quick economic recovery and V-shape as they are. Meanwhile, Biden's optimism in the financial markets has subsided somewhat. The fuse lasted just a couple of days. The oil market is also consolidating on the top. The data on oil stocks from the API showed unexpected growth, which puzzled buyers. However, who cares now about the real situation in the oil market, when $1.9 trillion are looming on the horizon.
Short
by Trade24Fx
Biden, Central Banks and earnings seasonThe earnings season in the US continues to gain momentum. And with rare exceptions such as Netflix (stocks literally skyrocketed by 15% yesterday), we see a similar picture: good financials come out, but the stock not only does not grow, but even declines. One of the explanations for this is the fact that stocks are very overvalued and it is physically much easier for them to fall than to rise. It is quite possible that this is one of the signs of the upcoming correction in the US stock market. But for the correction, it is necessary at least to switch the attention of the markets from the stimulus package in the United States to the state of the economy or a pandemic, or at least to be puzzled by the fact that stimulus are only being planned and there is no fact in general. The fact is that for some elements of Biden's plan, votes are needed not from 50 senators, but from 60. That is, Biden needs to convince at least 10 Republican senators. It is unlikely that it will be easy and fast, if at all that would be. But until Biden stops talking about stimulus in each of his public appearances, shifting attention will be difficult. So yesterday, entering the office as President, Biden mentioned the need to support the US economy and its citizens. And although Biden is now taking all the attention of the financial markets, this does not mean that nothing else is happening. The current week is extremely busy with meetings of the Central Banks. Yesterday, for example, the Bank of Canada announced its decision on the parameters of monetary policy. The rate was not changed as expected, but it was noted that due to the pandemic, Canada's GDP in the first quarter will decrease by 2.9%. After that, the Canadian dollar has strengthened significantly, which, in our opinion, is a good opportunity for its sales. Today the ECB will announce its decision on the parameters of monetary policy. And the Bank of Japan has already decided to leave rates unchanged.
Long
by Trade24Fx
Yellen's message, IEA outlook, and of course Biden Yesterday was filled with optimism and joyful expectations. Expectations of money, a lot of money. In this light, the speech of the future head of the US Treasury, Jannet Yellen, in Congress caused increased interest. In fact, the former head of the Fed was supposed to present Biden's plan for a new stimulus package, which the he announced last week. What she actually did, saying that it was time to spend big and don't think about debt. Let's save the economy and the citizens of the United States today, and we will deal with the consequences tomorrow, that was her message. By the way, today Biden's inauguration and America will move in the new era. The stock market as a whole was growing confidently, but rather strange things were happening in single stocks as usual for the current earnings season. Goldman Sachs published excellent financial results, but the shares were under pressure, losing about 1.5% during the trading session. Bank of America was rather unconvincing on almost all fronts of reporting, from profit to revenues, but at the same time, stocks demonstrated growth throughout almost the entire American session. Oil also grew yesterday. But that was a part of the overall movement, not the asset's own strength. The fact is that the IEA published its monthly outlook with forecasts for the oil market for 2021 and their vision is rather pessimistic: the value of demand has decreased by 0.3 million bpd. In general, the rise in oil continues to be part of the general movement of greed and as soon as the markets remember about fear, oil will invariably fall out.
TVC:USOILShort
by Trade24Fx
2
China GDP Britain problems and Biden's expectations Yesterday was a holiday in the United States, so it was calm in the financial markets, and nothing extraordinary happened in the fundamental background. The main news of the day can be considered the publication of China's GDP for 2020. An increase of 2.3% against the background of the GDP drop in the overwhelming majority of other countries is a clear positive. But, on the other hand, for China, this is the worst result in the last 45 years, which somehow does not look very happy. The data on industrial production and retail sales also caused a strange feeling: the growth of the first indicator by 7.3% is a clear positive, but the 4.6% of the second after previous 5% was rather disappointing. But in general, China still inspired hope for a bright future. What cannot be said about the pandemic, which has not yet been brought under control in the world. As a result Germany decided to extend the lockdown until mid-February, which reminded the markets that the solution to the problems of the world economy will not be quick and immediate. The UK, meanwhile, continues to "enjoy" life outside the EU. Judging by a number of groans from business in the country, not everyone is happy with what has happened: new taxes, additional certification, rising costs for the delivery of products to Europe, a ton of additional paperwork - these are not all the consequences that have befallen companies. According to the Bank of England, only 6% of companies were ready for this, the rest plunged into chaos. Brexit could cost British exporters £ 25bn ($ 34bn) this year as a result of weak demand and increased bureaucracy, according to a report by insurance company Euler Hermes Group SAS, leading to a 1.1% contraction in gross domestic product. In this light, our recommendation to sell the pound continues to be more than relevant. The only thing we would like to note is that in the current conditions it is safer to do this against the euro, that is, to buy the EURGBP pair. Janet Yellen, Biden's nominee to run the Treasury Department, will tell the Senate Finance Committee on Tuesday that the government must "act big" with the coronavirus relief plan. And on Wednesday, Biden will become the new President of the United States. That can provoke another wave of hopes for the best from the financial markets.
Long
by Trade24Fx
Weekly in a Glance: US stimulus, impeachment, earnings seasonThe main events of the past week include the second impeachment of Trump, as well as the stimulus package from Biden. Trump wanted to make a history; Trump made history. Not as the man who made America great again. But as the first, against whom the impeachment procedure was initiated twice. House of Representatives voted in favor of this on Wednesday. Now it's up to the Senate. On Thursday, Biden announced his vision for a new stimulus package for the US economy. The planned size is $ 1.9 trillion. On the same day, the head of the Fed, Jerome Powell, confirmed that in the foreseeable future there will be no tightening of monetary policy in the United States and, in general, the year will be a year of rapid economic recovery. From macroeconomic statistics, it is worth noting a 5% decline in German GDP in 2020, as well as an unexpected and rather strong decline in retail sales in the United States (by 0.7%). US earnings season kicked off last week. Banks traditionally open it. CitiGroup, JP Morgan, Wells Fargo, as well as Delta Airlines and BlackRock have already reported. And it should be noted that some pretty interesting things were happening. On Thursday, Delta Airlines once again recalled that 2020 was a year of complete failure for the airline industry (the company lost 65% of revenues, continues to generate hundreds of millions of losses, and financially everything is bad). BlackRock, on the contrary, felt like a fish in water and by the end of 2020 added more than 1.2 trillion (!) of AUM to their total assets under management, that is, the company is the largest investment company in the world. And now the question is: which of the companies has grown in price and which has decreased? BlackRock lost about 4.5% (!), while Delta Airlines gained a few percent. Tellingly, this behavior of the markets continued on Friday, as a result of which CitiGroup and Wells Fargo lost about 7% (!) each. In general, Friday recalled that all attempts to analyze individual assets at any time can be multiplied by 0 with the general movement. A sharp jump in the level of fear on Friday provoked a general rally, classic for such an event, in which investors moved from risky assets. Accordingly, the stock markets and the cryptocurrency market declined, commodity markets fall, but the dollar, on the contrary, felt quite comfortable and demonstrate significant growth.
TVC:USOILShort
by Trade24Fx
Biden's plan, -5% from Germany, jobless claims, OPEC reportYesterday Biden announced his vision for a new stimulus package for the US economy. The sum is $ 1.9 trillion. Financial markets took this news rather coolly and as atypically as possible: stock markets did not grow, commodity markets did not show optimism, and cryptocurrency markets began to unfold after some growth. This suggests that the markets are running out of steam. On the one hand, everything is logical when you look at the number of daily cases and deaths in the United States, as well as the resulting restrictive measures. Yesterday's data on jobless claims reminded the markets about the causal relationship between the pandemic and the economy. The figure of 965K with average expectations of 795K is if not shocking, then sobering for sure. In addition, the US Congressional Budget Office reported that the budget deficit for the first three months of the new fiscal year increased by 60% compared to the same period last year and amounted to about $ 573 billion. And this amount did not take into account the last stimulus package of $ 900 billion. Given that at the end of 2021, the Budget Office expects a budget deficit of 1.8 trillion. It is not very clear (purely arithmetically) where Biden is going to take money from to implement his stimulus plan. Germany has reported on the growth rate of GDP in 2020. No growth of course, but drop in fact. GDP fell by 5%. Markets we did not receive anything fundamentally new, simply because the median forecasts of experts were a decline of 5.1%. You can even find a positive for Germany in these data, since there are chances that German economy did not go negative in the 4th quarter. OPEC has published its monthly oil market outlook. Nothing sensational was detected. But since the markets have recently become accustomed to a permanent negative in the form of downward revisions of forecasts of demand growth rates, the lack of new information was perceived as positive. However, 95.9 million b / d of demand in 2021 is still more than a dubious reason for optimism simply because in the pre-pandemic reality it would have amounted to 100+ million b / d. That is why our position on oil remains unchanged - we sell.
TVC:USOILShort
by Trade24Fx
5
Trump’s Record, Tesla’s problem and US Oil Stocks On Wednesday, the US House of Representatives voted to impeach President Donald Trump, making him the first president in US history to be impeached twice. In any other situation, we could talk about the reaction from the financial markets to this event. But not in a pandemic world where markets have their own laws of behavior. So the US stock market did not think to decline, as well as the dollar. Yesterday oil did not even think to grow, although it had a reason for this: US oil inventories drop (formally indicates a deficit in the market), which is a bullish signal. Let us express on this occasion the theory that we voiced earlier: when oil was at $ 10- $ 20, US, China, India and other countries actively purchased cheap oil, filling up reserves. And now, when there is a choice to buy oil on the market at $53 or take at $15 from the stocks, they choose the second option. That is, there is no deficit as such, but there is a purely economic calculation and an attempt to save up to $100 million a week. And where does a serious shortage in the oil market come from now, if there are lockdowns all around? This means that the demand has dropped sharply and is not growing. At the same time, the OPEC + compliance level literally collapsed from 100% + to 75% in December. That is, we are talking about the fact that an additional supply appeared on the oil market under 2 million bbl / d. In total, our mid-term vision for oil has not changed: we are still selling the asset. Tesla buyers received "great" news yesterday: The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla (NASDAQ:TSLA) Inc to recall 158,000 Model S and Model X vehicles over media control unit (MCU) failures that could pose safety risks by leading to touchscreen displays not working. This is a rather atypical situation, since usually companies themselves initiate a recall of cars if they find faults in them. Tesla pretends that they do not see any problem. They can be understood, well, the most secure and highest-quality car in the world will have technological problems that provoke a threat to security. Recall that Tesla is a huge bubble that must burst sooner or later. And news like this is essentially a needle that leaves holes in the bubble shell.
TVC:USOILShort
by Trade24Fx
2
Europe and a Double-Dip Recession, Trump and impeachment The situation with the pandemic in Europe continues to be as dire as possible. The logical consequence of this was the statement by Merkel that the German authorities are considering extending the lockdown for another 10 weeks. For the largest EU economy, and the EU as a whole, this means a guaranteed decline in GDP in the first quarter. Bloomberg Economics, in particular, believes that the eurozone economy will contract by about 4% in the first three months of 2021 (previously predicted to grow by 1.3%). And if a decline is also recorded at the end of the fourth quarter of 2020 (JPMorgan believes that in the fourth quarter of 2020, the European economy contracted by 9%.), Then Europe will officially go into a state of recession (for the second time in a year). Europe is not the only problem region. Japanese Prime Minister Suga said that the state of emergency announced in Tokyo could spread to other prefectures. As for the vaccination as a panacea for a pandemic, although the United States at the start of the week had a record for the number of vaccinations per day (1.25 million), this is far from the pace that will allow the States to achieve herd immunity in the foreseeable future. According to the most conservative estimates, it is necessary to make about 500 million shots, which at a rate of 1.25 million per day gives extremely disappointing estimates of the timing of this vaccination (about 400 days). Meanwhile, Democrats continue systematically destroying Trump. It would seem that there is only a week left and they can forget about Trump as a bad dream. But no. Today the House of Representatives is going to initiate the impeachment procedure (the second during the Trump term).
FOREXCOM:NAS100Short
by Trade24Fx
Why the dollar is rising and cryptocurrencies are falling The start of the week was remembered by the dollar's growth. The explanations for this were different, ranging from the sharply increased yield of US Treasury bonds (the yield of 10-year bonds, for example, has doubled in the last 3-4 months), ending with an increase in nervousness in financial markets due to the pandemic, weak data on NFP, new coronavirus strains, second impeachment to Trump, etc. Despite the fact that yesterday's rise in the dollar was the third day of growth in a row, it is still too early to turn over into buying it. So far, we can only state the destruction of previous trends, but not the formation of new ones. By the way, about Trump. Although little more than a week remains before his inglorious end as President of the United States, the Democrats clearly felt the blood and want to shame him completely and irrevocably. 2 impeachments in one term is not a fact that Trump would like to enter the history with. However, given that there is almost no time left, the likelihood of this is extremely small. Trump's problems turned out to be contagious enough, as evidenced by the sale of Twitter shares after the social network banned Trump's account. It seems that they wanted the best, but in the end, they turned out to be digital dictators and tyrants. Even more indirectly, due to the social activity of Trump and his supporters, Google and Apple suffered, which removed the Parler social network application from their stores. Over the past few days, the cryptocurrency market has lost about 20% of its capitalization, or about $ 200 billion, and has officially moved to the territory controlled by bears. The main question now is whether Bitcoin will collapse by another 70-80% in the nearest future or will it wait. It is likely that the Ripple scandal knocked the ground out from under the feet of the bulls. Most of the leading cryptocurrency exchanges decided to suspend the XRP token trading. Among the latter, the second in the coinmarketcap.com rating cryptocurrency exchange Coinbase. Understanding that the recent top 3 cryptocurrency market XRP token in such a scenario could drop in price to 0, acted like a cold shower. And this is rational: if one lawsuit can multiply the capitalization of any token by 0, then buying these tokens at 40K can be a very expensive. At the right time, these sales were superimposed on the message of Bank of America to their clients, in which they clearly demonstrated that the cryptocurrency bubble is the largest in the entire modern history of the markets and deservedly receives the title of “mother of all bubbles”.
BITFINEX:XRPUSDShort
by Trade24Fx
5