CeoCodes

CeoCodes Updated 

New Zealand has fared better during the coronavirus pandemic than most other countries on the planet giving it an advantage to restart a growth based economy. New Zealand Dollar is well-positioned for more gains, similar to its sister the Australian Dollar Traders are further net-short than yesterday and last week (acording to IG), and the combination of current...

CeoCodes Updated 

The news reads "Monero Shoots Up 10%" Price action on the chart is forming a retrace to the major Psychological level of 150. For Monero to resume it Bull Ride, we need to see consolidation forming aroun this 150 level before a stronger move up. PRICE ACTION Retrace Target intra Day to around 152.50 Consolidation Zone for longer term trading 149-152, will...

CeoCodes Updated 

NEWS Bitcoin has hit a record value of $19,920.53 this month, prompting a surge of interest from British investors. JPMorgan Predicts $600 Billion Bitcoin Demand The Bank said that even 1% of asset allocation by large financial companies would result in $0.6 trillion BTC demand. The bank expects financial services companies from the US, EU, Japan and the UK to...

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Gold prices have opened the week at a key support level around the 61.8% retracement of the June-August major move. CURRENT EVENTS: Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold...

CeoCodes Updated 

Microsot's company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with monero (XMR, -0.42%) mining trojans this summer. BISMUTH is leveraging cryptocurrency miners to stay under the radar and establish persistence in targeted networks. BISMUTH is running increasingly complex cyber espionage attacks as early as 2012,...

CeoCodes Updated 

Bitcoin price tried to break the all-time high but couldn’t manage to do it on all exchanges just yet. The current price action looks very similar to previous Bitcoin rallies. On December 1, Bitcoin attempted to crack the previous all-time high but only managed to do so on a few exchanges. The current price action resembles what happened back in 2017 when Bitcoin...

CeoCodes Updated 

Brexit talks have brought back uncertainty in the markets after positive vax news in the month of November managed to remove a big part of the coronavirus drag. If price holds above this short-term support, we could see consolidation coming into play, shifting price sideways as investors await for the next catalyst to offer some direction. The 1H chart is...

CeoCodes Updated 

Bitcoin appears to be restablishing support above this price level. “Bitcoin is currently consolidating between $18,000 and $19,000,” said Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital. “We are also witnessing an ascending triangle pattern on the chart, and a breakout above $20,000 this month is a possibility,” he added. “On the...

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CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade. If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting...

CeoCodes

CFDs are financial contracts between a broker and trader that pays for the difference in the settlement price between when you open and close a trade. If a trader expects the currency to move higher, they will enter a long position with a specific lot size. Conversely, if the trader expects the currency to move lower, they will enter a short position, expecting...

CeoCodes

Forex – also known as FX – is short for “Foreign Exchange”. It represents a market where one can exchange and trade different currencies across the globe. To understand how forex works, let’s use the example of overseas travel. If you’re from the United States and are travelling to Japan, chances are you would head to a local currency dealer before your trip to...

CeoCodes Updated 

Monero is building up a nice bullish outlook that has seen its price jump significantly the past weeks. The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.

CeoCodes Updated 

Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH. Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning,...

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🏅 CFDS VS ETFS 🏅 ➡️ GOLD ETFS (Right Chart) ETFS PHYSICAL GOLD (ASX:GOLD) offers low-cost access to physical gold via the stock exchange and avoids the need for investors to personally store their own bullion. Each GOLD unit comes with an entitlement to an amount of "physical bullion". This means : Real Gold, Real Bars. ⬅️ GOLD CFDS (Left Chart) CFDs on...

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Holding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80. Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly...

CeoCodes Updated 

GBPJPY needs to break key resistance for a significant move higher. Retesting the monthly high 140.61 seems unlikely unless GBPJPY can gather some strength at the breakout level.

CeoCodes Updated 

FX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase. “We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042...

CeoCodes Updated 

Gold-backed trust funds traded on the stock market saw their first net outflows in a year last month, the mining-industry's World Gold Council said today, with gold ETFs as a group shrinking 2.7% by size and 8.9% by value as gold prices sank at their fastest pace on Joe Biden's win since Donald Trump won the 2016 US election. Looking for breaks through support...