After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
Crypto Report for October 31
What happened to Bitcoin during this week?
On Monday, the price for Bitcoin unexpectedly fell to its mid-October lows. The main reason for this slump lies in the hacking attack of the Canadian crypto trading platform MapleChange. The platform lost over 6 million dollars. Moreover, its representatives said they could not refund anything. The future of the platform is still uncertain.
Up to now, Bitcoin is testing the resistance at 6334. Does it mean we entered another flat? For now, we can’t tell for sure. Positive news or manipulators can drive the price to the next resistance at 6394. Otherwise, Bitcoin can fall downwards the support at 6218.
The release of the US CPI on Wednesday will determine whether US500 continues its advance or reverses down. Tensions between the US and China boosted the demand for gold, but will it persist?
Gold still has space to fall, and the euro is trying to price the ECB rate hike. Inflation readings, Elon Musk problems, earning reports, and the overall market outlook for forex await you in this video.
Although the last week was intense, this one may be more dynamic and volatile. After the FOMC meeting and controversial decisions from the Bank of England, we saw a historical pound decrease, and the gold plunge. And there’s even more for you.
After the US CPI last week came out above the forecast, traders started expecting a 75-basis point rate hike…
In this video, we will talk about the potential change of a trend in the euro, another stock rally amid a global downtrend, gold prospects, and news that shakes the world right now. It’ll be a helpful video you don’t want to miss.