Financial News

Crypto Technicals: ETH/USD holds 21-EMA support, 'Golden Cross' keeps scope for upside

ETH/USD chart - Trading View

Exchange - Bifinex

Support: 166.22 (21-EMA); Resistance: 190.50 (Trendline)

Technical Analysis: Bias Neutral to Slightly Bullish

- ETH/USD pauses downside, holds above 21-EMA support
- The pair is trading 0.95% higher on the day at 172.30 at 0945 GMT

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Cryptocurrency Derivatives Series: Bakkt likely to lure institutional inflow

There has been a long waiting of cryptocurrency aspirants for institutional investors. While the launch of bitcoin futures contracts on regulated exchanges in late 2017 didn’t gain a lot of traction, but for now, Bakkt likely to strike a chord.

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FxWirePro: S&P 500 Q1 earnings update

So far, 15 percent of the companies in the S&P 500 have reported their Q1 earnings. Let’s take a look at the key takeaways,

Earnings:

  • So far, 78 percent of the companies that reported actual results, reported better than expected earnings.
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RBI likely to adopt 25-50 bps rate cuts in rest of 2019 on account of the benign inflation outlook, says Morgan Stanley

The Reserve Bank of India (RBI) is expected to adopt 25-50 bps in rate cuts in the rest of the year on account of the benign inflation outlook, easing household expectations and a favorable external environment – a dovish Federal Reserve and a weak US dollar, according to a recent research report from Morgan Stanley.

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Cryptocurrency Derivatives Series: Top 3 OTCs For Highest Derivatives Trade Volumes

Bitcoin derivatives trading has received myriad interests following recent rallies of Bitcoin price.

The CME, the US registered exchange, renders a highly regulated Bitcoin product but the trading volume on this exchange is paltry (about $70 million daily) compared to OKEx, bitFlyer, and BitMEX, owing to the difficulty involved in being approved to trade on such platforms.

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