News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • If you'd rather watch a market video rather than US Presidential debates - or whether I gauged the market aftermath correctly - you can watch my trading video for what matters Wednesday here: https://www.dailyfx.com/forex/video/daily_news_report/2020/09/30/SP-500-and-Dollar-What-Comes-After-the-Presidential-Debate.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/IJLPRQNM2R
  • 🇨🇳 Non Manufacturing PMI (SEP) Actual: 55.9 Previous: 55.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • 🇨🇳 NBS Manufacturing PMI (SEP) Actual: 51.5 Expected: 51.2 Previous: 51 https://www.dailyfx.com/economic-calendar#2020-09-30
  • Here we go #PresidentialDebate2020
  • Heads Up:🇺🇸 Presidential Debate due at 01:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇨🇳 Non Manufacturing PMI (SEP) due at 01:00 GMT (15min) Previous: 55.2 https://www.dailyfx.com/economic-calendar#2020-09-30
  • Heads Up:🇨🇳 NBS Manufacturing PMI (SEP) due at 01:00 GMT (15min) Expected: 51.2 Previous: 51 https://www.dailyfx.com/economic-calendar#2020-09-30
  • What are some key points post the US Presidential debate? Get your key highlights here with @ZabelinDimitri at 10:30PM EST here: https://t.co/XV0y5M8KLT https://t.co/PUTq6kOjxt
  • Although recent polls suggested that Joe Biden is leading, the odds that Donald Trump may again defy the preconceived forecasts still exist. Remember he is Trump. And thus a face-to-face debate is worth traders’ precious time. Live TV show begins in 50 mins.
  • Dow displayed a bearish trading pattern overnight: 7 out of 9 sectors in the red, with 86.7% of the index constituents ending lower. Energy, materials and industrials were among the worst performers, while healthcare and consumer discretionary struggled to hold small gains. https://t.co/hI957NZRLr
Bitcoin, Ethereum, Ripple Prices Stuck in a Rut | Webinar

Bitcoin, Ethereum, Ripple Prices Stuck in a Rut | Webinar

2018-10-31 15:00:00
Nick Cawley, Strategist
Share:

Bitcoin, Ethereum, Ripple: Prices, Charts and Analysis

  • UK regulators warn on cryptocurrency derivatives.
  • Tight trading conditions may spark a sharp breakout.

UK Regulators May Stop Retail Traders Using Cryptocurrency Derivatives

The UK Cryptoasset Taskforce released a new report on Monday highlighting its concerns over retail traders use of various cryptocurrency derivatives. The report said that the authorities will consult on and may consider ‘a potential prohibition of the sale to retail consumers of derivatives referencing certain types of cryptoassets (for example, exchange tokens), including CFDs, options, futures and transferable securities’.

IG Sentiment Data show how retail traders are positioned in various cryptocurrencies and how changes in holdings can affect market sentiment. Retail traders remain heavily long of cryptocurrencies.

Cryptocurrencies Under Increased UK Regulatory Scrutiny

The cryptocurrency market lull continues with increasingly tight trading ranges and low volumes. Daily market turnover is currently around USD10 -12 billion, sharply lower than the USD50 billion+ seen in the three months around the turn of the year. This low volatility environment may lead to a breakout shortly with the downside looking more likely due to the market’s prevailing negative sentiment. Most charts show a ‘descending wedge’ pattern which also indicates a market breakdown may be imminent.

Bitcoin (BTC) Daily Price Chart (June - October 31, 2018)

Bitcoin, Ethereum, Ripple Prices Stuck in a Rut | Webinar

We look at Bitcoin, and a variety of other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

What’s your opinion on the cryptocurrency market at the moment? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES