Analysis of bitcoin for January 09, 2018

Bitcoin has been impulsively bearish after bouncing off the $17,000 price area recently. The price has been ranging between $13,000 to $17,000 for a while, but the market trend is yet to be defined. The correction is currently quite obvious for the Bitcoin market as the cryptocurrency is being traded in the futures markets and […]

Kodak joins the cryptocraze, gets a 77% stock boost

Shares of Eastman Kodak jump Building a profitable company is hard, but boosting the stock price is easy. All you need to do is say that you’re going into the cryptobusiness. The latest is KODK, which was once photofilm giant, but has fallen on the hardest of times in the shift to digital cameras. Shares […]

US oil output will rise more than 10% by November 2019

EIA forecast The EIA is out with its latest US oil production estimates. They see production this year at 10.27mbpd compared to 10.02m in their previous estimate. By November 2019, they see production rising to 11m bpd, compared to about 9.8mbpd today. OPEC is going to love that. At the same time, I don’t think […]

Is yuan price action behind the EUR/USD correction? — SocGen

SocGen on the euro slide Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and notes that there might be a recent pattern for EUR/USD correction following the recent price action in the Chinese Yuan. «When the Chinese authorities signaled that enough was enough and they didn’t want to see further Yuan strength last September, the […]

European stocks end the session with gains.

Stocks higher. 10 year yields higherThe European stocks are ending the session with gains: German DAX rose by 0.18% France’s CAC rose by 0.7% UK’s FTSE is up by 0.4% Italy’s FTSE MIB is up by 0.70% Spain’s Ibex is up by 0.63% Portugal’s PSI 20 is up by 0.23% In the 10 year note […]