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The current EURUSD structure suggests that we could be looking at the final part of a cycle-degree zigzag consisting of sub-waves w-x-y. At the time of writing, wave y seems to be under construction. This is also a primary-degree Ⓐ-Ⓑ-Ⓒ zigzag. Waves Ⓐ and Ⓑ are fully formed, whereas wave Ⓒ is still under development.
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The US Dollar is on track to record a 2% rise for the week, helped by a rise in oil prices and the move to safe-haven assets in the fallout from the panic stemming from the Coronavirus spread. The US Dollar Index, a measure that FX traders use to gauge the relative strength of the
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Since 2009, blockchain technology has been  primarily used in the issuance and maintenance of cryptocurrency, but the power of the technology have applications far beyond the crypto space. Features such as immutability, decentralized storage, transparency, and security are making blockchain popular in other fields. According to Safepost, the use of decentralized technology in emails has yet to be fully
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Some thoughts on CBDC operations in China – Central Banking The world’s major central banks and monetary authorities have commenced studies into central bank digital currencies (CBDCs) in recent years. The Monetary Authority of Singapore and Swedish central bank Sveriges Riksbank have undertaken or contemplated related pilot projects. The People’s Bank of China (PBoC) is
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French CPI isn’t usually one to trade. However, with all the noise surrounding coronavirus, this particular print might be a little more sensitive than usual. The German CPI, on the other hand, will be one to keep a closer eye on. In case we get a negative print, and the French figures align with that
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The Euro was trading near to a 3-year low against the greenback as FX traders await the latest economic news. Against the US Dollar, the Euro has depreciated nearly 3.4% since the beginning of the year, largely on disappointing economic data which has fueled expectations that the European Central Bank will be compelled to maintain
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The IOTA Foundation announced the release of a safe Trinity wallet version for desktop, while investigating missing funds. IOTA Warns of Scammers Active on Discord Channel The IOTA Foundation warned owners trying to check their balance not to trust contacts on the official Discord channel. Scammers are contacting participants with claims on being able to
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The Japanese Yen was able to keep earlier gains versus the greenback during Asian trade on Friday on growing concerns over the spread of the Coronavirus. Riskier assets were weighed down by those worries, as well, and dismal data from the Eurozone tanked the Euro and kept trader sentiment firmly in favor of safe haven
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The current cycle-degree structure hints to further downside as part of primary waves Ⓦ-Ⓧ-Ⓨ. Wave Ⓦ unrolls in an intermediate (A)-(B)-(C) correction and has completed both waves (A) and (B), as seen on the chart. Following the bullish (B) correction markets initiated the final intermediate-degree impulse wave, wave C. Sometime in the next (or the
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Liquidity crisis is often synonymous with a financial crisis. After all, when liquidity dries up, the flow of money becomes difficult. When the flow of money becomes difficult, the world can literally come to a standstill. Thus, the effects of liquidity crisis can quickly snowball into something big if not managed promptly such as defaults
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Figuring out the market implications of political events is one of the more challenging aspects of market analysis. Everyone has their own views on the partisan issues involved. And it’s no secret that people don’t always have rational reactions to political situations. Plus, governments are notoriously not likely to do what makes the most economic
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Fed Sounds More Cautious The US Dollar has had a muted start to the final trading day of the week. Following a more cautious tone from the Fed on Wednesday, the dollar has softened a little though the USD index is still above the broken bearish trend line for now at 97.73 last. The meeting
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Gold The yellow metal has ended the week in the green as risk-off flows relating to the ongoing coronavirus outbreak were seen fuelling safe-haven demand for metals. Gold prices gapped higher at the open this week as news of the intensification of the viruses spread over the week saw equities prices sharply lower. Over the
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