CeoCodes

CeoCodes

The price of gold has traded to fresh yearly highs during every single month so far in 2020, and the bullish behavior may persist throughout the second half of the year as the Federal Reserve vows to “increase its holdings of Treasury securities and agency MBS (Mortgage-Backed Security) and agency CMBS (Commercial Mortgage-Backed Security) at least at the current...

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* Bulls keep the reins with eyes on 0.7000 ahead of China CPI/PPI * A break of the 0.700 level could escalate the north-run to attack June month’s high of 0.7065. Pandemic concerns are turning worrisome in Australia and abroad, the AUD/USD buyers remain in control against broading US dollar declines. Traders might pause the run-up ahead of June month...

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Ethereum community continues to prepare for the long-awaited Ethereum 2.0 upgrade as its developers have made two major achievements towards the launch of the so-called Phase 0, reported Etereum 2.0 coordinator and developer Danny Ryan. Firstly, Ethereum 2.0 is ready to launch its first public multi-client testnet on Monday, June 29. This version of the testnet -...

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Crypto exchange platforms, merchants and gateways are vulnerable to malicious attacks. This occurs due to a failure to configure the XRPL when it is integrated with the exchange platform or one of the other institutions. In fact, it is a recurring error that has allowed malicious actors to empty wallets containing XRP of a platform or trader. According to the...

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With BTC/USD circling $9,200, analysts are broadly risk-off. Broad correlation with ailing stock markets has sparked multiple warnings that a failure to keep support at current levels could spell a fresh downturn. For SteveCrypt0, however, even a worst-case scenario would not necessarily spell the end of the Bitcoin bull case. BTC/USD could hit $6,300 or even...

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USD/JPY is held below resistance 107.61 with a breakout long expected in the London session. Breakout indicator signals a move long is coming. USD/JPY is trading at 107.61 and has travelled within a narrow range of between 107.37 and 107.85, directionless in a phase of consolidation between the 106 and 108 big figures. US President Donald Trump's China news...

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USD/CAD breached the support at 1.3730 and moving short to 1.3600. USD/CAD gained downside momentum as the U.S. dollar continued to lose ground against a broad basket of currencies. The U.S. Dollar Index is trying to settle below the 98 level as the American currency is under pressure amid increased demand for riskier assets. The U.S. Manufacturing PMI...

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The Australian dollar has initially dropped during last Friday's session only to turn around and break towards the highs again. Aussie dollar is trying to take out the resistance and start a new trend higher, but there is growing political pressure between the United States and China causing a risk uncertainty. Credit Suisse outlook on AUD/USD technical outlook...

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Domestic gold futures rise by 0.36 percent on Thursday, 28 May, tracking global rates, as the country remained in the fourth phase of an extended lockdown to curb the spread of the novel coronavirus pandemic. For the past few days, the prices of gold and silver have continued to fluctuate. Today, the gold prices closed at Rs 46,699 per 10 gram. At the same time,...

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Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s recent price...

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Despite recent price volatility and global COVID-19 uncertainty, 2020 is shaping up to be a big year for Bitcoin. 1.Security The fact that Bitcoin is not centralized makes it less vulnerable to security threats and more resilient and efficient. Many users are uncomfortable entering their banking and personal details online, so Bitcoin offers an alternative that,...

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Policymakers in emerging markets frequently complain that foreign capital is fickle. But foreign capital could be forgiven for having a similar gripe about emerging markets. On a conference call on May 6th Turkey’s finance minister, Berat Albayrak, was solicitous and reassuring, telling nervous overseas investors that the country’s dollar reserves were adequate...

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EURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further...

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Outlook in USD/CAD remains unchanged. Corrective patterns from 1.4667 could still extend with another decline through 1.3850 support. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, the break of 1.4140 resistance will indicate the completion of the correction. Intraday bias will be turned back to...

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The US dollar will continue to be a safety currency that people will run to, and as the US Treasury market continues to attract a lot of inflows, it makes sense that the greenback will strengthen. At this point, it is highly likely that we will continue to see market participants fade short-term rallies, but keep in mind that this is a market that is also highly...

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Gold markets went back and forth during the trading session on Monday as we continue to dance around the $1700 level. We continue to look at the $1700 level is an area that is a bit of a magnet for price. With that in mind, you should also notice that there is an uptrend line that sits just below forming part of the symmetrical triangle that the market currently...

CeoCodes Updated 

The Australian dollar has rallied as we continue to press the idea of the 0.65 handle. That being said, the market is most certainly running into a lot of noise in that area and with the jobs number coming, it will be interesting to see how this plays out. We continue to see the 0.65 level offer a lot of psychological and structural resistance. At this point, it...

CeoCodes Updated 

OIL PRICES: Recent Events The price of oil decreased substantially in 2020 due to the COVID-19 pandemic and the 2020 Russia–Saudi Arabia oil price war. On 20 April, WTI Crude futures contracts dropped below $0 for the first time in history. Oil Prices collapse into negative prices on Monday was a clear warning of just how scarce storage space for oil is getting....