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. See our updated Privacy Policy here.

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
Subscribe
Please try again
More View more
Real Time News
  • 🇩🇪 Unemployment Rate (JUL) Actual: 5.7% Expected: 5.8% Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇩🇪 Unemployment Change (JUL) Actual: -91K Expected: -28K Previous: -38K https://www.dailyfx.com/economic-calendar#2021-07-29
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.34%, while traders in France 40 are at opposite extremes with 72.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/JAiC4NsGWC
  • Heads Up:🇩🇪 Unemployment Rate (JUL) due at 07:55 GMT (15min) Expected: 5.8% Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:🇩🇪 Unemployment Change (JUL) due at 07:55 GMT (15min) Expected: -28K Previous: -38K https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇸🇪 GDP Growth Rate YoY Flash (Q2) Actual: 10% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-07-29
  • 🇸🇪 GDP Growth Rate QoQ Flash (Q2) Actual: 0.9% Expected: 0.7% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-07-29
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here: https://t.co/vg7w10la3j https://t.co/JOL8rAYFRF
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 1.79% Oil - US Crude: 0.89% Gold: 0.68% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/toLClkhHhi
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.47% 🇨🇦CAD: 0.40% 🇬🇧GBP: 0.33% 🇪🇺EUR: 0.21% 🇨🇭CHF: 0.20% 🇯🇵JPY: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lS2BQ4hFSG
Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

Nick Cawley, Strategist

Dogecoin (DOGE/USD) News, Analysis, and Charts:

  • Dogecoin soars on Coinbase Pro adoption.
  • Ethereum/Bitcoin spread moving higher.

News that Coinbase Pro will allow trading in Dogecoin from tomorrow (June 3) sent the meme-inspired coin sharply higher as traders begin to price in the added liquidity and potential buying interest from a new pool of investors. Coinbase Pro accounts will be able to transfer their Dogecoin holdings into their professional accounts’ if liquidity measures are met’ according to a company blog post. Coinbase Pro is geared towards the more active trading accounts compared to the normal Coinbase account.

If Coinbase Pro adoption is successful, then the standard accounts are likely to have trading access to Dogecoin in the coming weeks.

Dogecoin is currently trading 25% on a 24-hour basis, fueled in part by a tweet from ‘Dogefather’ Elon Musk who appeared to approve the move, boosting the attraction of the coin.

Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

The daily chart shows Dogecoin touching a fresh two-week high and eyeing further gains. The recent series of lower highs has been broken, while a series of higher lows off the May 19 low at $0.21 remain in place. A prior high at $0.45 may temper the move in the short term.

Dogecoin (DOGE/USD) Daily Price Chart

Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

Chart via TradingView

The Ethereum/Bitcoin spread has recovered a large part of the mid-to-late May sell-off and has resumed its move higher. The recovery shows the positive sentiment towards Ethereum and the recent 810+ high may soon come under pressure.

Ethereum/Bitcoin (ETH/BTC) Daily Price Chart

Dogecoin (DOGE) Surges on Coinbase Pro Listing News, Elon Musk Tweets Approval

Traders of all levels and abilities will find something to help them make more informed decisions in the new and improved DailyFX Trading Education Centre

What are your views on Dogecoin – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

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

DISCLOSURES