Larry Colvin
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Bitcoin’s price falls below $20,000
The price of bitcoin has fallen below $20,000 as a brutal selloff in cryptocurrencies deepened. Bitcoin BTCUSD, -7.90% fell momentarily to $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November. Concerns about the Federal Reserve’s a
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USD/CAD retreats to 1.3000 on hawkish BOC bets, oil’s bounce, focus on Fed’s Powell, Canada inflation
USD/CAD pares recent gains at 19-month high, renews intraday low of late. Higher inflation expectations ahead of Canada CPI data inflate hawkish hopes from the BOC. Fedspeak, recession fears join downbeat oil prices, despite the recent bound, to keep pair sellers hopeful. Qualitative catalysts to of
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The Definition Of Basket Trading And How To Invest With It
Basket trading is an active strategy primarily used by institutional traders, hedge funds, and algorithmic or quantitative traders and fund managers, but is it suitable for retail traders? Basket trading allows traders to focus on sectors or target asset classes. Bask trading Forex strategies are eq
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Bitcoin slumps below $20,000 as cryptocurrency rout rolls on
Bitcoin traded below $20,000 on Saturday, extending the slide that has wiped out trillions in market value from cryptocurrencies. Bitcoin BTCUSD, -8.01% traded down 8% to $19,029, extending a slide from its November peak of $68,924.78. The slide coincides with the Federal Reserve announcing, and the
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BlackBull Markets Review 2022
For this BlackBull Markets review, we opened a live account and deposited over €4,000. We traded the popular instrument in each market to identify the actual spreads and placed a total of 12 trades. We contacted the broker’s customer support team to resolve the challenges we faced. Finally, we withd
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NZD/USD Price Analysis: Bulls need to break a key weekly level at this juncture
The weekly correction into the 38.2% Fibonacci has a confluence with the May swing lows. A firm break through the resistance will be needed if the bulls are going to stay in control towards 0.6720. The NZ dollar is attracting a bid as the US dollar nurses last week's losses and continues to bleed ou
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GBP/JPY Price Analysis: Struggles at 161.50, despite bull’s effort aiming towards 162.00
The British pound appreciates vs. the Japanese yen, spurred by an upbeat sentiment. The mood improved as China’s Covid-19 Covid-19 restrictions might ease as cases dropped. GBP/JPY Price Analysis: To aim upward, unless bulls battle at around 161.50, which would send the pair tumbling towards 160.00.
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Swiss Franc Price Forecast: Parity on the Cards for USD/CHF Ahead of SNB Rates Decision
USD/CHF TALKING POINTSSwiss National Bank rate previewU.S. inflation and upcoming Fed decisionIG client sentiment: Bullish Advertisement SWISS FRANC FUNDAMENTAL BACKDROPFridays U.S. CPI beat reignited dollar bets causing USD/CHF to test May swing highs. This data print was a key indicator to gauge w
Pull-up Update