In the video (below) which presents a thorough analysis of Bitcoin (January 2018), you will discover:
✅ Why you shouldn’t buy Bitcoin any time soon
✅ The technical argument for why a sharp correction is potentially just around the corner!
✅ How far we think Bitcoin will fall
✅ Ultra-efficient buy levels
✅ The specific buy signals we are looking out for before going long
✅ The looming long-term buy set up with jaw-dropping profit potential
Any opinions expressed by our company’s representatives regarding the prices of specific currencies and the direction they will take in the future are purely opinions and are used for demonstration or training purposed only. They do not necessarily represent the opinion of Thelazytrader.com are NOT guaranteed in any way. In no event shall Thelazytrader.com have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided verbally or via the Internet, or any delays, inaccuracies, errors in, or omissions of information.
Editors’ Picks
EUR/USD caught in chart churn ahead of Wednesday’s HCOB PMIs, US ADP jobs figure
EUR/USD spent Tuesday in a churning pattern, cycling just below 1.075 as the pair grapples with finding momentum. Key labor data from the US looms ahead on Friday, and EU economic figures remain scattered throughout the back half of the trading week.
GBP/USD extends upside above 1.2650, eyes on US data/FOMC Minutes
The GBP/USD pair trades in positive territory for the fifth consecutive day around 1.2688 on Wednesday during the early Asian session. The USD Index declines below the 106.00 hurdle, which supports the major pair. Investors await the US June ADP Employment Change, ISM Services PMI, along with the FOMC Minutes, which are due later on Wednesday.
USD/JPY extends gains near 161.50 ahead of US data, FOMC Minutes
The USD/JPY pair trades on a stronger note near 161.40 after reaching a new high for this move near 161.75 during the early Asian trading hours on Wednesday. Market players remain focused on the possible foreign exchange intervention from the Bank of Japan, which might cap the pair’s upside.
Editors’ Picks
AUD/USD holds ground as RBA leaves the door open for a hike
Tuesday's session witnessed the Australian Dollar clearing losses against the US Dollar following the release of the hawkish RBA minutes and the US JOLTs figures from May. For the USD, the confidence of Jerome Powell on inflation coming back down sooner on the prospects of a cooling labor market weakened the Greenback.
USD/JPY extends gains near 161.50 ahead of US data, FOMC Minutes
The USD/JPY pair trades on a stronger note near 161.40 after reaching a new high for this move near 161.75 during the early Asian trading hours on Wednesday. Market players remain focused on the possible foreign exchange intervention from the Bank of Japan, which might cap the pair’s upside.
Gold falls amid falling US yields, soft US Dollar
Gold price slid during the North American session as market participants digested Federal Reserve Chair Jerome Powell’s comments at a European Central Bank forum in Portugal. Powell turned slightly dovish, yet US Treasury yields remained firm. The XAU/USD trades around $2,324.
Ethereum ETFs set for $5 billion inflows despite ETH Foundation's continuous sales
Ethereum is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Benefit of the doubt: US consumer confidence and elections
Despite widespread expectation for the US economy to be in recession in 2024, that fate has been avoided thanks to a resilient consumer. Yet it is difficult to square this undaunted spending with consumer confidence and sentiment readings that are lackluster at best.
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