Published on: 08/16/19 8:28 AM
Category: Newsletter
Oil seesaws once again.
Oil drops 3% on weak global economic data, U.S. crude stocks build.
Oil prices shed 3% after Chinese and European economic data revived global demand fears and U.S. crude inventories rose unexpectedly.
Crypto banking is struggling.
Zcash plunges 7% as it gets delisted by Coinbase.
Coinbase was forced by ClearBank to delist Zcash, sending the Cryptocurrency plunging 7%.
There’s a new fear in town.
Growing recession fears send Wall Street tumbling.
Wall Street main indices slumped more than 2.5%, after German and Chinese economic data sparked fears of a recession.
BTC/USD
Bitcoin has dropped sharply in the last two sessions, falling 12.2%.
Bitcoin has dropped sharply in the last two sessions, falling 12.2%, sending the ATR into the high volatility zone.
AUD/USD
AUD/USD has lost 0.7% in the last session.
The Aussie-Dollar pair has lost 0.7% in the last session. The ATR is signalling high volatility in the near future.
EUR/USD
EUR/USD has plunged 0.7% in the last two sessions.
The Euro-Dollar pair has seen some downward movement, falling 0.7% in the last two sessions. Stochastic enters the negative area.
Crude Oil
Crude Oil has plunged 3.4% in the last session.
The price of Crude Oil has plunged 3.4% in the last session. The RSI currently dwells in the negative zone.
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