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Month: June 2018

Ethereum Technical Analysis: ETH/USD heading back down south, eyes will be on to see if ascending trend line can prevent another large drop

Ethereum price is seen down on Thursday, nursing losses of around 1.30%. ETH/USD bears are pressing the price down to a key near-term supporting trend line.   ETH/USD 30-minute chart   Spot rate:                    528.72 Relative change:         -1.41% High:                            545.30 Low:                             525.57   Trend:                          Bearish   Support 1:                   525.15, 38.2% (support on […]

Crude oil production drops 3% in May

ONGC produced 1.84 million tonnes of crude oil in May as compared to 1.93 million tonnes in the same period last year, an official statement said here … The post <b>Crude oil</b> production drops 3% in May appeared first on

Why the Cryptosphere Is Losing Its Mind Over This 18-Digit Number

00000000000000000021e800 – that’s 18 zeros followed by 21e8 and another two zeros – doesn’t look particularly remarkable. Nor does 00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a, which is the complete hash it’s associated with. And yet this series of numbers and letters has sent the cryptosphere into overdrive, sparking talk of quantum computing breakthroughs, time travel, Satoshi’s return, and the hidden […]

GBP/USD – British pound gains ground on hawkish BoE stance

The British pound is almost unchanged in the Thursday session. In North American trade, GBP/USD is trading at 1.3253, up 0.62% on the day. On the release front, Britain’s budget deficit narrowed to GBP 3.4 billion, well below the estimate of GBP 5.1 billion. The Bank of England maintained the benchmark rate at 0.50%, but […]

The US-China Trade War Summarized In One Chart

With the US and China now actively engaged in several rounds of tit-for-tat tariffs and retaliations, it is easy to lose track of a) where we currently are in the escalating trade standoff and b) what has actually been implemented. As a handy guide, Goldman reminds us that in the latest overture by the US […]

On the way up to $6,840 according to Ichimoku Clouds

On the way up to $6,840 according to Ichimoku Clouds Bitcoin / Dollar BITSTAMP:BTCUSD winsoar I love this indicator. It seems to be quite accurate with these settings on the 1 hour chart. Give this idea a like if you agree.

The Permian Faces Shut-Ins Due To Oil Pipeline Shortage

Authored by Tsvetana Paraskova via, The fastest-growing oil producing region in the United States, the Permian, is nearing the limits of its pipeline takeaway capacity and some producers may be forced to shut in wells within months, according to the chairman of one of the biggest U.S. shale producers, Pioneer Natural Resources. “We will […]

Libya Desperate To Get Stranded Oil To Market

Libya is looking for ways to get hundreds of thousands of barrels of crude oil to international markets after fighting shut down its two biggest export … The post Libya Desperate To Get Stranded <b>Oil</b> To Market appeared first on

Internet Stocks Tumble After SCOTUS Rules On State Internet Tax Collection

The Supreme Court just overturned a 1992 ruling (which had limited online tax collections), thus freeing states and local governments to start collecting billions of dollars in sales taxes from internet retailers that don’t currently charge tax to their customers. Specifically, SCOTUS upheld a law passed by South Dakota lawmakers in 2016 that requires out-of-state […]

Why Did US Crude Oil Inventories Fall?

On June 20, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA reported that US crude oil … The post Why Did US <b>Crude Oil</b> Inventories Fall? appeared first on