Forexlive Americas FX news wrap: Volatile up and down day as traders digest news/value/risk
Forex news for NY trading on
February 26, 2020.
Today saw more up and down activity as a result of the mixed signals from the coronavirus. Whereas, the numbers of infected seem to have peaked in China, the numbers around the world are moving higher.
It was already a tough day for bitcoin but news that the SEC has disapproved a plan to list a bitcoin ETF on NYSE ARCA is now breaking. Regulators cited concerns over Bitcoin manipulation.
Brazil announced one earlier today
It's getting tougher to name countries that have cases.
France, Germany and Canada revealed some new and worrying cases today as well. What we're looking for is oddball cases that aren't tied to China or other known cases.
Bitcoin tries to hold near 200 day MA support him him him
Price moved below the MA today but rebounded
The price of bitcoin moved below its 200 day MA today at the 8779.84 level on the Coinbase exchange today.
The low price extended to $8602.00, but has bounced back higher. We currently trade at $8809.48,. That is still down $-568.54. So it is not a bullish day (the sellers
Down $1.17 or -2.34%.
The price of WTI crude oil futures settled at $48.73. That was down $-1.17 or -2.34%. The high price for the day reached $50.44 after the inventory data. The low extended to $48.30.
Bounced off yesterday lows
The price of gold moved lower test the low from yesterday at $1625.22. The low today reached just below that level at $1624.98. The price got a push higher on the Nassau County headlines, but is stalling near the 100 hour MA at $1646.79. The price has traded above and below that
Disclaimer: The trade in Forex and Cryptocurrencies can generate significant benefits but also involves a risk of partial or total loss of funds and should be considered by the initial investors. We recommend you that you read our terms and conditions and the disclaimer page before making any investment. The clients should be aware of their individual capital gain tax liability in their country of residence. This website is independent of forex and crypto brokers featured on it. Before trading with any of the brokers, potential clients should ensure they understand the risks and verify that the broker is licensed. The website does not provide investment services or personal recommendations to clients to trade forex and crypto options.
USA regulation notice: Cryptocurrencies companies are not regulated within the United States. These companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commission of Futures of Commodities (CFTC), National Futures Association (NFA), Securities Commission (SEC) or Regulatory Authority of the Financial Industry (FINRA).
Disclosure of Risk: fxrobotix.com don't accepts responsibility for loss or damage as a result of trust in the information contained in this website; This includes educational material, automatic operations, and graphics, and analysis. Please remember, the user has to be aware of the risks associated with trading in financial markets. Profits may vary according to market conditions and each user. The profits and results, we recommend you read the terms and conditions. In case the potential client does not understand the risks involved, he/she should seek advice or consultation from an independent advisor. If the potential client still does not understand the risks involved in trading in any financial instruments, he/she should not trade at all.