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Month: July 2018

Spain’s New Submarine Is Too Big To Fit In Its Dock

Submitted by Matthew Bennett, an independent journalist in Spain. Support his analysis on Patreon. El País reported on Wednesday that Spain’s struggling new S-80 submarine procurement programme had run into another problem. After previously being found too heavy to resurface, the boats, which are 81m long and weigh 3,000-tons, were now too long to fit in […]

Bitcoin Price Watch: BTC/USD Correcting Gains

Key Points Bitcoin price started a downward correction after trading as high as $7,605 against the US Dollar. There was a break below a key ascending channel with support at $7,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The BTC/USD pair may perhaps correct further lower towards the $7,200 and […]

Bitcoin symmetrical triangle, 128MA and Fibonacci

Bitcoin symmetrical triangle, 128MA and Fibonacci Bitcoin / Dollar BITFINEX:BTCUSD anibalsantaella The 128MA 1D has been being a good reference in the long term for Btc             . The price has resistance at the triangle’s lower band, this zone has confluence with the 0.618 Fibonacci level

EUR/USD is closer to a breaking point

The EUR/USD is on the back foot, repeating the pattern from yesterday. Markets are watching the trade spat between the US and China. The technical picture shows bears are gaining more ground. The EUR/USD is struggling with 1.1600 once again as the US Dollar gains fresh strength across the board. A similar move was seen […]

Bernanke, Geithner & Paulson Warn: “We’ve Forgotten The Lessons Of The Financial Crisis”

Late last month, the Fed declared that six of the country’s biggest banks needed to scale back their plans for returning cash to shareholders to strengthen their capital buffers, a striking reminder that banks shouldn’t be overeager to put the legacy of the financial crisis behind them. Perhaps this is why, during a private round […]

Bitcoin will resume the ascent after a pause

Bitcoin will resume the ascent after a pause Bitcoin / Dollar BITFINEX:BTCUSD fedorenkoalexei Bitcoin             price has stabilized after an impressive rally. The coin faced a tough local resistance just below the $7,600 area and has retreated partially since then. The technical picture has improved significantly after the recent breakthrough as the price has recovered […]

Germany’s Dysfunctional Deportation System

Authored by Soeren Kern via The Gatestone Institute, A court in Gelsenkirchen has ruled that deporting a self-declared Islamist – suspected of being a bodyguard of the former al-Qaeda leader Osama bin Laden – was “grossly unlawful” and ordered him returned to Germany. The case has cast a spotlight on the dysfunctional nature of Germany’s deportation system, as well as […]

Amazon Now Accounts For 49% Of Online Retail

Amazon will account for accounts for 49.1% of all online retail sales, up from 43% the year before, if they clear an expected $258 billion in sales this year. The stunning figure provided by research firm eMarketer is tempered by the fact that Amazon’s near-majority share of online sales accounts for just 5% of all retail […]

Ripple Price Analysis: XRP/USD Testing Key Support

Key Highlights Ripple price made a nice upside move before facing sellers near $0.5245 against the US dollar. There was a break below a crucial bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading near a major support zone at […]

GBP/USD: after the first attempt failed, falling under 1.30 may be harder

The GBP/USD dropped to 10-month lows and got very close to 1.3000. However, after the pair stabilized, it has a lot of support above the round number. The Technical Confluences Indicator shows that the pair has significant support at 1.3055, the convergence of last month’s low, the Fibonacci 38.2% one-day, the Simple Moving Average 5-4h, and the Bolinger […]