BITCOIN Analysis for October 3, 2017

Bitcoin has been quite impulsively bullish after bouncing off the $4,000 support area where the price is currently showing some bearish intervention off the resistance level of 4,386.80. The progress towards $5,000 level after breaking above the $4,386.80 and $4,500 is expected to quite slower and corrective in nature as the Cryptocurrency is on the […]

ForexLive Asia FX news wrap: USD drops

Forex news for Asia trading Wednesday 4 October 2017 RBA’s ‘Chart Pack’ published today — here is a scary one AUD traders — big data day Thursday coming up- retail sales and trade balance (preview) Definitely not FX: Hawks reinstate Jeff Kennett as president (One for the Aussies) More on «Trump Aides Deliver Shortlist of […]

RBA’s ‘Chart Pack’ published today — here is a scary one

The Reserve Bank of Australia’s ‘Graphs on the Australian Economy and Financial Markets’Complete Chart Pack can be downloaded here if you’re interestedHere is a (non) random graph sample:Rising household debt is a pretty constant source of angst — the Reserve Bank of Australia is concerned on it for its negative impact on household consumption (the argument going that […]