20210213

United States - Credit Rating

Fitch Ratings changed on Friday 31 July 2020 the United States’ sovereign rating outlook to negative from stable and affirmed the debt grade at AAA, citing as main trigger behind the revision the ongoing deterioration in the U.S. public finances and the absence of a credible fiscal consolidation plan, issues that were highlighted in the agency's last rating review on March 26, 2020. Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook. DBRS's credit rating for the United States is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports - Fuels, N.E.S., Coals & Gas (Census Basis)

Imports - Fuels, N.E.S., Coals & Gas (Census Basis) in the United States increased to 768.59 USD Million in December from 730.19 USD Million in November of 2020. Imports - Fuels, N.E.S., Coals & Gas (Census Basis in the United States averaged 1112.76 USD Million from 1989 until 2020, reaching an all time high of 4898.63 USD Million in October of 2005 and a record low of 33.48 USD Million in January of 1991. This page includes a chart with historical data for the United States Imports of Fuels, N.e.s., Coals & Gas.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports - Green Coffee, Cocoa Beans, Sugar (Census Basis)

Imports - Green Coffee, Cocoa Beans, Sugar (Census Basis) in the United States increased to 595.36 USD Million in December from 578.64 USD Million in November of 2020. Imports - Green Coffee, Cocoa Beans, Sugar (Census in the United States averaged 435.63 USD Million from 1989 until 2020, reaching an all time high of 1145.62 USD Million in October of 2011 and a record low of 147.94 USD Million in March of 2002. This page includes a chart with historical data for the United States Imports of Green Coffee, Cocoa Beans, Sugar.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports of Home Entertainment Eqp.

Imports of Home Entertainment Eqp. in the United States increased to 3015.57 USD Million in December from 2957.47 USD Million in November of 2020. Imports of Home Entertainment Eqp. in the United States averaged 2548.79 USD Million from 1989 until 2020, reaching an all time high of 4584.51 USD Million in June of 2008 and a record low of 915.74 USD Million in May of 1990. This page includes a chart with historical data for the United States Imports of Home Entertainment Eqp.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports of Household Goods

Imports of Household Goods in the United States decreased to 18603.19 USD Million in December from 19756.25 USD Million in November of 2020. Imports of Household Goods in the United States averaged 7857.56 USD Million from 1989 until 2020, reaching an all time high of 19756.25 USD Million in November of 2020 and a record low of 1453.82 USD Million in January of 1989. This page includes a chart with historical data for the United States Imports of Household Goods.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports of Imports of N.e.s. M5

Imports of Imports of N.e.s. M5 in the United States increased to 9473.40 USD Million in December from 9451.76 USD Million in November of 2020. Imports of Imports of N.e.s. M5 in the United States averaged 4596.39 USD Million from 1989 until 2020, reaching an all time high of 10914.86 USD Million in December of 2019 and a record low of 1027.58 USD Million in January of 1989. This page includes a chart with historical data for the United States Imports of Imports of N.e.s. M5.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports of Imports of N.e.s. M50

Imports of Imports of N.e.s. M50 in the United States increased to 9473.40 USD Million in December from 9451.76 USD Million in November of 2020. Imports of Imports of N.e.s. M50 in the United States averaged 4596.39 USD Million from 1989 until 2020, reaching an all time high of 10914.86 USD Million in December of 2019 and a record low of 1027.58 USD Million in January of 1989. This page includes a chart with historical data for the United States Imports of Imports of N.e.s. M50.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports of Imports of N.e.s. M500

Imports of Imports of N.e.s. M500 in the United States increased to 9473.40 USD Million in December from 9451.76 USD Million in November of 2020. Imports of Imports of N.e.s. M500 in the United States averaged 4596.39 USD Million from 1989 until 2020, reaching an all time high of 10914.86 USD Million in December of 2019 and a record low of 1027.58 USD Million in January of 1989. This page includes a chart with historical data for the United States Imports of Imports of N.e.s. M500.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports - Industrial & Service Machinery (Census Basis)

Imports - Industrial & Service Machinery (Census Basis) in the United States decreased to 15589.82 USD Million in December from 15961.37 USD Million in November of 2020. Imports - Industrial & Service Machinery (Census B in the United States averaged 8175.12 USD Million from 1989 until 2020, reaching an all time high of 16606.95 USD Million in August of 2019 and a record low of 2404.52 USD Million in January of 1989. This page includes a chart with historical data for the United States Imports of Industrial & Service Machinery.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports - Industrial Supplies & Materials (Census Basis)

Imports - Industrial Supplies & Materials (Census Basis) in the United States increased to 42371.91 USD Million in December from 39726.89 USD Million in November of 2020. Imports - Industrial Supplies & Materials (Census in the United States averaged 33577.68 USD Million from 1989 until 2020, reaching an all time high of 80668.56 USD Million in July of 2008 and a record low of 10373.37 USD Million in September of 1989. This page includes a chart with historical data for the United States Imports of Industrial Supplies & Materials.

SOURCE: 🇺🇸 United StatesSee More!

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United States Imports - Iron & Steel Mill Products, Semifinished (Census)

Imports - Iron & Steel Mill Products, Semifinished (Census) in the United States increased to 1248.98 USD Million in December from 946.45 USD Million in November of 2020. Imports - Iron & Steel Mill Products, Semifinished in the United States averaged 1147.22 USD Million from 1989 until 2020, reaching an all time high of 2592.56 USD Million in October of 2014 and a record low of 361.51 USD Million in February of 1993. This page includes a chart with historical data for the United States Imports of Iron & Steel Mill Products, Semifinish.

SOURCE: 🇺🇸 United StatesSee More!

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Weekly Forex Technical Analysis (Feb 15 — Feb 19, 2021)

EUR/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.1913 1.1966 1.2043 1.2096 1.2172 1.2226 1.2302

EUR/USD - Floor pivot points as of Feb 13, 2021

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.1972 1.2054 1.2102 1.2184 1.2231

EUR/USD - Woodie's pivot points as of Feb 13, 2021

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2048 1.2083 1.2095 1.2107 1.2131 1.2143 1.2155 1.2190

EUR/USD - Camarilla pivot points as of Feb 13, 2021

Tom Demark’s pivot points

Support Resistance
1.2069 1.2199

EUR/USD - Tom Demark's pivot points as of Feb 13, 2021

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2020 1.2050 1.2069 1.2085 1.2100 1.2149

EUR/USD - Fibonacci retracement levels as of Feb 13, 2021

GBP/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3548 1.3614 1.3734 1.3800 1.3919 1.3986 1.4105

GBP/USD - Floor pivot points as of Feb 13, 2021

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.3627 1.3760 1.3813 1.3946 1.3999

GBP/USD - Woodie's pivot points as of Feb 13, 2021

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.3751 1.3802 1.3819 1.3836 1.3870 1.3887 1.3904 1.3955

GBP/USD - Camarilla pivot points as of Feb 13, 2021

Tom Demark’s pivot points

Support Resistance
1.3767 1.3952

GBP/USD - Tom Demark's pivot points as of Feb 13, 2021

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.3680 1.3724 1.3751 1.3773 1.3795 1.3866

GBP/USD - Fibonacci retracement levels as of Feb 13, 2021

USD/JPY

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
103.07 103.74 104.33 105.00 105.59 106.26 106.86

USD/JPY - Floor pivot points as of Feb 13, 2021

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
103.72 104.29 104.98 105.56 106.24

USD/JPY - Woodie's pivot points as of Feb 13, 2021

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
104.23 104.58 104.69 104.81 105.04 105.16 105.27 105.62

USD/JPY - Camarilla pivot points as of Feb 13, 2021

Tom Demark’s pivot points

Support Resistance
104.03 105.30

USD/JPY - Tom Demark's pivot points as of Feb 13, 2021

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
104.41 104.71 104.89 105.04 105.19 105.67

USD/JPY - Fibonacci retracement levels as of Feb 13, 2021

AUD/USD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
0.7565 0.7608 0.7685 0.7728 0.7804 0.7848 0.7924

AUD/USD - Floor pivot points as of Feb 13, 2021

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
0.7616 0.7701 0.7736 0.7821 0.7856

AUD/USD - Woodie's pivot points as of Feb 13, 2021

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
0.7695 0.7728 0.7739 0.7750 0.7772 0.7783 0.7794 0.7827

AUD/USD - Camarilla pivot points as of Feb 13, 2021

Tom Demark’s pivot points

Support Resistance
0.7706 0.7826

AUD/USD - Tom Demark's pivot points as of Feb 13, 2021

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
0.7651 0.7680 0.7697 0.7711 0.7725 0.7771

AUD/USD - Fibonacci retracement levels as of Feb 13, 2021

USD/CAD

Floor pivot points

3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.2518 1.2589 1.2640 1.2711 1.2762 1.2833 1.2884

USD/CAD - Floor pivot points as of Feb 13, 2021

Woodie’s pivot points

2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.2584 1.2629 1.2706 1.2751 1.2828

USD/CAD - Woodie's pivot points as of Feb 13, 2021

Camarilla pivot points

4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
1.2623 1.2657 1.2668 1.2679 1.2701 1.2713 1.2724 1.2757

USD/CAD - Camarilla pivot points as of Feb 13, 2021

Tom Demark’s pivot points

Support Resistance
1.2614 1.2737

USD/CAD - Tom Demark's pivot points as of Feb 13, 2021

Fibonacci retracement levels

0.0% 23.6% 38.2% 50.0% 61.8% 100.0%
1.2661 1.2689 1.2707 1.2722 1.2736 1.2783

USD/CAD - Fibonacci retracement levels as of Feb 13, 2021

If you have any questions or comments on this technical analysis, please feel free to reply below.

Posted on Forex blog.

from Forex Blog https://www.earnforex.com/blog/weekly-forex-technical-analysis-feb-15-feb-19-2021/

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United States Overnight Repo Rate

United States Overnight Repo Rate was at 0.09 on Friday February 12. Repo Rate in the United States averaged 2.30 from 1995 until 2021, reaching an all time high of 6.94 in September of 2019 and a record low of -0.01 in December of 2009. Overnight repo rate is the interest rate at which different market participants swap treasuries for cash to cover short-term cash needs. The repo rate is helping to ensure banks have the liquidity to meet their daily operational needs and maintain sufficient reserves. The repo rate usually trades in line with the Federal Reserve’s target interest rate. This page provides - United States Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States - Credit Rating

Fitch Ratings changed on Friday 31 July 2020 the United States’ sovereign rating outlook to negative from stable and affirmed the debt grade at AAA, citing as main trigger behind the revision the ongoing deterioration in the U.S. public finances and the absence of a credible fiscal consolidation plan, issues that were highlighted in the agency's last rating review on March 26, 2020. Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook. DBRS's credit rating for the United States is AAA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies.

SOURCE: 🇺🇸 United StatesSee More!

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United States Fiscal Expenditure

Fiscal Expenditure in the United States increased to 547483 USD Million in January from 489682 USD Million in December of 2020. Fiscal Expenditure in the United States averaged 122948.07 USD Million from 1954 until 2021, reaching an all time high of 1104903 USD Million in June of 2020 and a record low of 3842 USD Million in November of 1954. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - United States Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Government Revenues

Government Revenues in the United States increased to 384651 USD Million in January from 346119 USD Million in December of 2020. Government Revenues in the United States averaged 153908.07 USD Million from 1980 until 2021, reaching an all time high of 563496 USD Million in July of 2020 and a record low of 33111 USD Million in March of 1980. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - United States Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Loans and Leases in Bank Credit

Private Sector Credit in the United States decreased to 10347.68 USD Billion in January from 10377.59 USD Billion in December of 2020. Private Sector Credit in the United States averaged 2605.70 USD Billion from 1950 until 2021, reaching an all time high of 10829.94 USD Billion in May of 2020 and a record low of 39.04 USD Billion in January of 1950. This page provides - United States Private Sector Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Commercial and Industrial Loans

Loans to Private Sector in the United States decreased to 2573.56 USD Billion in January from 2616.31 USD Billion in December of 2020. Loans to Private Sector in the United States averaged 649.64 USD Billion from 1950 until 2021, reaching an all time high of 3030.13 USD Billion in May of 2020 and a record low of 13.65 USD Billion in January of 1950. This page provides - United States Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Money Supply M0

Money Supply M0 in the United States increased to 5247900 USD Million in January from 5206600 USD Million in December of 2020. Money Supply M0 in the United States averaged 876514.81 USD Million from 1959 until 2021, reaching an all time high of 5247900 USD Million in January of 2021 and a record low of 48362 USD Million in March of 1961. The United States Money Supply M0 is the most liquid measure of the money supply including coins and notes in circulation and other assets that are easily convertible into cash. Money Supply M0 and M1, are also known as narrow money. This page provides - United States Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Money Supply M1

Money Supply M1 in the United States increased to 6750.90 USD Billion in January from 6619.40 USD Billion in December of 2020. Money Supply M1 in the United States averaged 1104.09 USD Billion from 1959 until 2021, reaching an all time high of 6750.90 USD Billion in January of 2021 and a record low of 138.90 USD Billion in January of 1959. This page provides - United States Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Job Openings NSA

Job Vacancies in the United States decreased to 6178 Thousand in December from 6301 Thousand in November of 2020. Job Vacancies in the United States averaged 4577.32 Thousand from 2000 until 2020, reaching an all time high of 7746 Thousand in April of 2019 and a record low of 2157 Thousand in December of 2009. This page provides - United States Job Vacancies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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United States Money Supply M2

Money Supply M2 in the United States increased to 19395.30 USD Billion in January from 19186.90 USD Billion in December of 2020. Money Supply M2 in the United States averaged 4440.29 USD Billion from 1959 until 2021, reaching an all time high of 19395.30 USD Billion in January of 2021 and a record low of 286.60 USD Billion in January of 1959. The United States Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United StatesSee More!

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Bitcoin Bulls Eye $50K As Data Show BTC’s Liquid Supply in Steady Decline

On February 12, Bitcoin (BTC) prices hit a record high of $49,085 briefly before dropping to the $46,000 level.

Looking at the 4-hour chart, it shows a pattern like a short consolidating phase, but BTC still maintains bullish momentum through the higher high and higher lows pattern.

If this current pace and structure are maintained, Bitcoin could rise to $50,000 before the end of the weekend.

BTC/USD 4-hour chart. Source: TradingView

According to a report released by an analyst at Decentrader, the demand for Bitcoin has increased as the liquidity supply of Bitcoin is declining and the number of bitcoins that have not moved on-chain for a long time is also increasing.

Bitcoin liquid supply. Source: Glassnode

As the graph above shows, Bitcoin currently has a liquidity supply of about 4 million coins, which has steadily declined since June 2020 as institutional investors and whales increase their BTC purchase.

Examining the number of wallets holding over 1000 bitcoins will provide further evidence of whale growth.

Wallets holding at least 1000 bitcoins. Source: Decentrader

As the number of large wallets increases, the number of small wallets remains flat or declining, indicating that large players are sucking bitcoins from small players.

Multiple projects have recorded double-digit gains and record highs, and the cryptocurrency market as a whole continues to be bullish.

Daily cryptocurrency market performance. Source: Coin360

Ethereum (ETH) is trading at $1863 on February 13. Polkadot (DOT), on the other hand, has the highest performance of the top 10 market capitalizations, up 21%. Other coins that have shown remarkable performance are the ALGO and Tezos (XTZ).

The total market capitalization of cryptocurrencies is currently $1.48 trillion, and Bitcoin’s dominance is 60.14%.

If you have any questions and comments on Bitcoin today, use the form below to reply.


© MarkStevenson for Commodity Blog, 2021. | Permalink | No comment |
Published under: Bitcoin

Via Commodity Blog https://bit.ly/2OA2lVq

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Commodities Week in Review: February 8 to February 12

Commodities Week in Review: February 8 to February 12

Agriculture 

For many agricultural commodities, investors turned their attention to the US Department of Agriculture (USDA) and its World Agricultural Supply and Demand Estimates (WASDE) report. It examined the current state of US agriculture and offered a broad forecast. Researchers concluded that supplies are tightening for many crops, such as soybeans and wheat, and added that foreign demand will balloon for many agricultural products. Market analysts called it a bullish report since it signaled smaller inventories and expanding demand, which would lift prices.

Cocoa 

  • Friday Settlement: +$13.00, or 0.53%, to $2,446 per metric ton
  • Weekly Performance: -1.57%
  • YTD Performance: -5.81%

Coffee 

  • Friday Settlement: -$0.0055, or 0.45%, to $1.225 per pound
  • Weekly Performance: -1.17%
  • YTD Performance: -3.77%

Corn 

  • Friday Settlement: -$0.015, or 0.28%, to $5.395 per pound
  • Weekly Performance: -1.73%
  • YTD Performance: +11.07%

Cotton 

  • Friday Settlement: +0.73 cents, or 0.83%, to $88.60 cents per pound
  • Weekly Performance: +7.25%
  • YTD Performance: +13.28%

Lean Hogs

  • Friday Settlement: -0.05 cents, or 0.07%, to 73.975 cents per pound
  • Weekly Performance: +4.30%
  • YTD Performance: +5.15%

Orange Juice 

  • Friday Settlement: -$0.012, or 1.06%, to $1.117 per pound
  • Weekly Performance: -0.40%
  • YTD Performance: -11.24%

Rice 

  • Friday Settlement: -$0.015, or 0.11%, to $13.27 per pound
  • Weekly Performance: -1.12%
  • YTD Performance: +2.19%

Soybeans 

  • Friday Settlement: +$0.035, or 0.26%, to $13.71 per bushel
  • Weekly Performance: +0.26%
  • YTD Performance: +4.64%

Sugar 

  • Friday Settlement: -0.04 cents, or 0.26%, to 15.60 cents per pound
  • Weekly Performance: -5.22%
  • YTD Performance: +0.65%

Wheat 

  • Friday Settlement: +$0.04, or 0.63%, to $6.375 per bushel
  • Weekly Performance: -0.55%
  • YTD Performance: -0.66%

Bitcoin 

Next stop $50,000 for the peer-to-peer decentralized digital currency bitcoin? This week, Tesla Motors announced that it purchased $1.5 billion in bitcoin and that it would soon accept payments in the cryptocurrency in exchange for products in the future. This sparked a terrific rally. Although there was a bit of a selloff, bitcoin prices immediately returned to an upward trajectory.

  • Friday Settlement: +$970.00, or 2.04%, to $48,495.00 per coin
  • Weekly Performance: +27.43%
  • YTD Performance: +65.97%

Energy 

What a week it was for energy commodities. Crude oil prices enjoyed a late-week rally on Middle East tensions as Iran-backed Houthis announced that they struck an airport and an airbase in Saudi Arabia with drones. The strike occurred soon after President Joe Biden ordered the State Department to remove Houthis from its terrorist designation list. Natural gas failed to catapult beyond $3 following a disappointing inventory withdrawal report, despite much of the US blanketed with Arctic-like temperatures.

West Texas Intermediate (WTI) Crude Oil 

  • Friday Settlement: +$1.49, or 2.56%, to $59.73 per barrel
  • Weekly Performance: +4.66%
  • YTD Performance: +23.36%

Brent Crude Oil 

  • Friday Settlement: +$0.28, or 0.45%, to $62.71 per barrel
  • Weekly Performance: +5.18%
  • YTD Performance: +21.25%

Natural Gas 

  • Friday Settlement: +$0.029, or 1.01%, to $2.897 per million British thermal units
  • Weekly Performance: +0.52%
  • YTD Performance: +14.24%

Gasoline 

  • Friday Settlement: +$0.044, or 2.69%, to $1.6946 per gallon
  • Weekly Performance: +2.49%
  • YTD Performance: +20.09%

Heating Oil 

  • Friday Settlement: +$0.0293, or 1.68%, to $1.7739 per gallon
  • Weekly Performance: +3.36%
  • YTD Performance: +19.48%

Metals 

The metals market posted gains this week, with inflation being the primary culprit for the jump in gold and silver prices. A global economic recovery spurred a boost in industrial metals, with platinum prices touching their best levels in six years as more automakers attempt to transition from palladium to its sister commodity.

Gold 

  • Friday Settlement: -$2.00, or 0.11%, to $1,824.80 per ounce
  • Weekly Performance: +0.53%
  • YTD Performance: -4.04%

Silver 

  • Friday Settlement: +$0.43, or 1.49%, to $27.45 per ounce
  • Weekly Performance: +1.54%
  • YTD Performance: +3.49%

Copper 

  • Friday Settlement: +$0.028, or 0.74%, to $3.7995 per pound
  • Weekly Performance: +4.38%
  • YTD Performance: +7.94%

Palladium 

  • Friday Settlement: +$40.50, or 1.73%, to $2,387.50 per ounce
  • Weekly Performance: +1.86%
  • YTD Performance: -2.77%

Platinum 

  • Friday Settlement: +$17.50, or 1.4%, to $1,264.50 per ounce
  • Weekly Performance: +11.14%
  • YTD Performance: +17.14%

Steel 

  • Friday Settlement: +$4.00, or 0.33%, to $1,209.00 per ton
  • Weekly Performance: +7.95%
  • YTD Performance: +25.55%

If you have any questions and comments on commodities today, use the form below to reply.


© AndrewMoran for Commodity Blog, 2021. | Permalink | No comment |
Published under: Bitcoin, Cocoa, Coffee, Copper, Corn, Cotton, Gold, Hogs, Natural Gas, Oil, Orange Juice, Palladium, Platinum, Rice, Silver, Soybean, Steel, Sugar, Wheat

Via Commodity Blog https://bit.ly/2OA2lVq

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20210212

Pulses are key to food security, healthy diets and sustainable agri-food systems, says FAO

The Director-General of the Food and Agriculture Organization of the United Nations (FAO) QU Dongyu today highlighted pulses’ crucial role in achieving food security, healthy diets and sustainable agri-food systems.

source http://www.fao.org/news/story/en/item/1373920/icode/

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EUR/USD Falls, Recovers After US Consumer Sentiment Falls

EUR/USD was falling today but has started a recovery at about 14:15 GMT and accelerated its advance after a report showed that the US consumer sentiment fell unexpectedly this month.

Michigan Sentiment Index dropped to 76.2 in February from 79.0 in January according to the preliminary estimate. That was a total surprise to analysts who were expecting an increase to 80.8. (Event A on the chart.)

Yesterday, a report on initial jobless claim was released, which showed a drop to 793k last week, seasonally adjusted, from the previous week’s revised level of 812k (revised up from 779k). Analysts were expecting a bigger drop to 755k.

If you have any comments on the recent EUR/USD action, please reply using the form below.

Posted on Forex blog.

from Forex Blog https://www.earnforex.com/blog/eur-usd-falls-recovers-after-us-consumer-sentiment-falls/

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7 Best Forex Brokers to Trade Brexit

The following post is a paid advertisement. The content was provided by the advertiser.

Best brokers to trade Brexit

Overview

With the Britain leaving the European Union, unprecedented waves of volatility were experienced in the UK markets. While some traders may have shown great concern with such volatility, it encouraged others to harness to the best of their abilities.

However, even though a trader may have the best trading strategy for trading Brexit, one of the crucial requirements for successful trading, is having a broker that delivers the best trading solutions and services to give traders a competitive edge to their trading.

Brexit has giving traders one of the biggest opportunities to trade a very volatile market says Forex analyst Louis Schoeman from Forexsuggest.com

Below are some of the best brokers that traders can consider when trading Brexit.

IG

IG is a multi-regulated, reputable broker with offices based in several jurisdictions. IG has been offering its superior trading services since 1974 and, as a STP, ECN, and DMA broker, truly offers traders with some of the most competitive trading conditions in the industry.

Pros and Cons

PROS CONS
Strict regulation in multiple jurisdictions Limited account funding methods
More than 16,000 tradable financial instruments
Tight spreads, low commissions, fast trade execution

CMC Markets

CMC Markets is a reputable UK-based Market Maker broker which has been in operation since 1989. Traders are offered with a sophisticated and versatile trading platform, comprehensive analysis, trading tools, and a variety of educational materials.

Pros and Cons

PROS CONS
Strict regulation US Clients not accepted
FSCS member Mark-up on spreads
Powerful trading platforms Fixed spreads and copy trading not offered

Pepperstone

Pepperstone is one of the largest online trading brokers which offers traders from around the world with access to global financial markets. With Pepperstone, traders can expect innovative technology, low-cost spreads, low-latency high-speed execution, and award-winning customer service.

Pros and Cons

PROS CONS
Strict regulation US Clients not accepted
Negative balance protection offered Fixed spreads not offered
Social trading supported

DEGIRO

DEGIRO is a multi-award-winning, multi-regulated broker based in the Netherlands which offers traders with competitive fees and a variety of financial instruments which can be traded.

Traders are also offered with an extensive range of trading tools as well as educational materials.

Pros and Cons

PROS CONS
Strict regulation US Clients not accepted
Investor Protection Scheme member Limited payment methods offered
Low and competitive fees

 

You might like: Learn more about the forex market for beginners

FXCM

FXCM is a UK-based STP broker which is well-regulated in facilitating the trade of numerous financial instruments across several asset classes. With FXCM, traders have access to powerful trading platforms, fast trade execution speeds, and competitive trading conditions.

 

Pros and Cons

PROS CONS
Strict regulation US, Ukraine, Turkey, Russia, and several other countries not accepted
Multiple powerful trading platforms Not the tightest spreads
Social trading supported

Swissquote

Swissquote is a reputable STP broker with multi-regulation in several jurisdictions, facilitating the trade of a wide variety of financial instruments. Traders are offered with tight, variable spreads, zero-commission trading, and more.

Pros and Cons

PROS CONS
Multi-regulated No US Clients
Commission-free trading No fixed spreads
Competitive spreads High minimum deposit

You might like: Best forex brokers in the UK

ETX Capital

Based in the UK and regulated by the FCA, ETX Capital is a popular and reputable Market Maker broker. Traders have access to more than 5,000 instruments which can be traded through powerful trading platforms.

Pros and Cons

PROS CONS
Established and well-regulated US, Belgium, Canada, and others not accepted
Variety of financial instruments No social trading
Multiple payment options Limited trading tools

 Ready to start trading? – click here to open an account

Posted on Forex blog.

from Forex Blog https://www.earnforex.com/blog/7-best-forex-brokers-to-trade-brexit/

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Gold Slumps Amid Weaker US Dollar, Higher Bonds

Gold was one of the few commodities to trade in the red in the final session of the week. Movement in gold futures was lackluster, allowing the yellow metal to secure a modest weekly gain. As gold prices try to stay above $1,800, industry observers are optimistic that the precious metal can trade in this range amid inflation concerns and a weaker greenback.

March gold futures tumbled $2.30, or 0.13%, to $1,824.50 per ounce at 16:41 GMT on Friday on the COMEX division of the New York Mercantile Exchange. Gold is poised for a weekly boost of 0.55%, paring its year-to-date slump to around 4%.

Silver, the sister commodity to gold, is rallying to end the trading week. April silver futures advanced $0.388, or 1.43%, to $27.435 per ounce. The white metal will enjoy a weekly surge of 1.5%, raising its 2021 gain to about 3.4%.

The broader financial markets are trading relatively quiet on Friday, but the commodities are performing admirably well. This may be due to a sliding buck as the US Dollar Index, which measures the greenback against a basket of currencies, fell 0.04% to 90.38, from an opening of 90.42. The DXY will record its worst weekly performance of the year with a 1.2% drop. A lower buck is good for dollar-pegged commodities because it makes it cheaper for foreign investors to purchase.

Bonds edged up higher, which is bad news for gold prices. The benchmark 10-year Treasury added 0.037% to 1.195%. The one-year note was flat at 0.068%, while the 30-year bond jumped 0.052% to 1.997%.

Market analysts say that the high number of weekly initial jobless claims, the sluggish economic recovery, and the Federal Reserve‘s inflationary efforts will limit gold’s red ink. Earlier this week, Fed Chair Jerome Powell warned that historically low interest rates are here to stay to cushion the economic blow and support the economic recovery. Plus, the Congressional Budget Office (CBO) recently forecast that the federal deficit for 2021 will be $2.3 trillion, which does not include any additional stimulus. House Speaker Nancy Pelosi (D-CA) recently confirmed that more stimulus and relief spending would be coming later in the year.

On the data front, the University of Michigan’s preliminary numbers for February were disappointing. Economic conditions dropped to 86.2, consumer sentiment slid to 76.2, and consumer expectations declined to 69.8.

In other metal markets, March copper futures rose $0.0115, or 0.3%, to $3.783 per pound. March platinum futures picked up $13.20, or 1.06%, to $1,260.20 an ounce. March palladium futures added $35.00, or 1.49%, to $2,382.00 per ounce.

If you have any questions and comments on commodities today, use the form below to reply.


© AndrewMoran for Commodity Blog, 2021. | Permalink | No comment |
Published under: Gold

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Bitcoin Market Cap Surpasses 900 Billion Briefly, 1 Trillion in Sight

Bitcoin‘s market capitalization was less than $100 million short of $1 trillion briefly on Friday 12. Its market capitalization has surpassed $900 billion as Bitcoin prices hit record highs.

Bitcoin price on Bitstamp, one of the oldest Bitcoin exchanges, hit a high of $49,000, resulting in a market capitalization of $912.69 billion. Bitcoin prices are currently $47,745 per coin, up 5% in the last 24 hours and 28% in the last 7 days.

A market capitalization of $900 billion means an additional $354 billion in market capitalization in 2021 alone.

Bitcoin currently accounts for 61% of the market capitalization of all cryptocurrencies. The total market capitalization of cryptocurrencies was $1.436 trillion, an increase of 88.5% from the beginning of 2021.

Bitcoin is currently the ninth-largest asset in the world, overtaking Facebook and Tesla last week, according to CompaniesMarketCap, a site that ranks the market capitalization of various assets.

In terms of GDP, Bitcoin’s $900 billion is between Mexico ($1.4 trillion) and the Netherlands ($88.6 billion).

Investors massively buy bitcoin from crypto exchanges

Immediately after the price of bitcoin rose to $49,000, investors began to massively sell the premier cryptocurrency and transfer it to cold wallets for long-term storage. The outflow of bitcoins from exchanges reduces the supply in the market, which leads to higher prices. This means that Bitcoin will be able to set a new price record in the next few weeks.

In this regard, the forecast of analysts at Bloomberg, who have already stated that the price of one bitcoin can be a hundred times more expensive than gold, no longer seems so unrealistic. The cost of a troy ounce of gold is currently $ 1,828. During the day, the yellow metal gained 1.9% of its value.

The price of gold. Source: Investing.com

Recall that the founders of the Gemini cryptocurrency exchange, brothers Cameron and Tyler Winklevoss, are confident that Bitcoin can rise in price up to $500,000 per coin.

If you have any questions and comments on Bitcoin today, use the form below to reply.


© MarkStevenson for Commodity Blog, 2021. | Permalink | No comment |
Published under: Bitcoin

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United States Natural Gas Stocks Change

Working gas held in storage facilities in the United States decreased by 171 billion cubic feet in the week ending February 5 of 2021 . Natural Gas Stocks Change in the United States averaged 0.12 Billion cf from 1994 until 2021, reaching an all time high of 147 Billion cf in July of 2003 and a record low of -359 Billion cf in January of 2018. Natural Gas Stocks Change refers to the weekly change of the natural gas supply situation. This page provides the latest reported value for - United States Natural Gas Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

SOURCE: 🇺🇸 United States https://ift.tt/2rePGJI

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United States Initial Jobless Claims

Initial Jobless Claims in the United States decreased to 793 thousand in the week ending February 6 of 2021 from 812 thousand in the previous week. Initial Jobless Claims in the United States averaged 372.13 Thousand from 1967 until 2021, reaching an all time high of 6867 Thousand in March of 2020 and a record low of 162 Thousand in November of 1968. Initial jobless claims have a big impact in financial markets because unlike continued claims data which measures the number of persons claiming unemployment benefits, Initial jobless claims measures new and emerging unemployment. This page provides the latest reported value for - United States Initial Jobless Claims - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

SOURCE: 🇺🇸 United States https://ift.tt/2rXnzfY

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Federal Reserve Board releases hypothetical scenarios for its 2021 bank stress tests

Federal Reserve Board releases hypothetical scenarios for its 2021 bank stress tests

source https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210212a.htm

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20210209

First phase of COVID-19 vaccination campaign for UN personnel in Italy has begun, targeting those working in vulnerable, frontline care situations

Beginning late last week, 180 first responders from the International Organization for Migration (OIM) and the UN High Commission for Refugees (UNHCR), as well as a small number of first responders from the United Nations International Children's Emergency Fund (UNICEF), the World Food Programme (WFP), and FAO, were vaccinated in the headquarters of FAO by its medical team.

from FAO Newsroom RSS http://www.fao.org/news/story/en/item/1373604/icode/

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Silver Price Forecast: XAG/USD Bid Back Above 27 - Can SLV Hold?

Silver put in a pronounced breakout to start last week, but quickly broke down. Can bulls re-claim the 30 handle or is a larger reversal brewing ahead?

source https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/02/09/Silver-Price-Forecast-XAG-USD-XAGUSD-Bid-Back-Above-27-but-Can-it-Hold.html

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United States GDP

GDP in the United States increased to 21433.20 USD Billion in 2019 from 20580.20 USD Billion in 2018. GDP in the United States averaged 7457.54 USD Billion from 1960 until 2019, reaching an all time high of 21433.20 USD Billion in 2019 and a record low of 543.30 USD Billion in 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

SOURCE: 🇺🇸 United States
https://tradingeconomics.com/united-states/gdp

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Soybean Tops $14 amid Bullish USDA Report, Weather in Brazil

Soybean futures soared on Tuesday, topping $14 for the first time in nearly a month after a new US government report anticipated tighter ending stocks. A weaker greenback contributed to the crop’s substantial rally. Without a substantial injection of new supply, how much higher can soybean prices go this year?

March soybean futures surged $0.185, or 1.33%, to $14.0625 per bushel at 14:12 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybean prices flatlined last week, but they are still up more than 7% year-to-date.

According to the US Department of Agriculture (USDA), there will be reductions in ending stocks for soybeans, corn, and wheat. It also trimmed its corn and soybean harvest views for Argentina and Brazil. Overall, it was a bullish report for the agricultural sector, which has been red-hot over the last year.

Industry observers are also warning that heavy rains will impact Brazil’s soybean harvest this month. Since the rainfall can impact the country’s truck-dependent soybean shipping, the transportation of the 2020–2021 crop could take a substantial hit throughout February. But conditions are forecast to remain dry in most of Argentina for the next several days, although some rains are being reported in the nation’s northern region.

Since global demand is projected to continue skyrocketing for the remainder of 2021, foreign markets are attempting to alleviate the situation. Indonesia, one of the world’s largest soybean producers, will soon officially unveil a three-phase plan to help ease prices, including classifying soybeans as a strategic commodity that allows the government to place restrictions on imports. As a result, the USDA is forecasting the nation’s soybean output to climb to 470,000 tons.

The greenback is also supporting soybean prices. The US Dollar Index (DXY), which measures the buck against a basket of currencies, tumbled 0.38% to 90.59, from an opening of 90.91. A lower buck is good for dollar-pegged commodities because it makes it cheaper for foreign investors to purchase.

In other agricultural commodities, March corn futures added $0.04, or 0.71%, to $5.6776 per pound. March wheat futures picked up $0.0075, or 0.11%, to $6.56 a bushel. March coffee futures slumped $0.006, or 0.48%, to $1.235 per pound.

If you have any questions and comments on commodities today, use the form below to reply.


© AndrewMoran for Commodity Blog, 2021. | Permalink | No comment | Add to del.icio.us
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source https://www.earnforex.com/commodities/soybean-tops-14-amid-bullish-usda-report-weather-in-brazil/

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United States Job Openings

Job Offers in the United States increased to 6646 Thousand in December from 6572 Thousand in November of 2020. Job Offers in the United States averaged 4579.25 Thousand from 2000 until 2020, reaching an all time high of 7520 Thousand in January of 2019 and a record low of 2264 Thousand in July of 2009. In the United States, job openings refer to all positions that are open (not filled) on the last business day of the month. Job openings are part of the Job Openings and Labor Turnover Survey (JOLTS). The survey collects data from around 16400 nonfarm establishments including retailers and manufacturers, as well as federal, state, and local government entities in the 50 states and the District of Columbia. The JOLTS assesses the unmet demand for labor in the U.S. labor market and gained attention in 2014 as favorite labor market indicator of Federal Reserve Chair Janet Yellen. This page provides the latest reported value for - United States Job Openings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

SOURCE: 🇺🇸 United States
https://tradingeconomics.com/united-states/job-offers

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United States Redbook Index

Redbook Index in the United States increased by 0.70 percent in the week ending February 6 of 2021 over the same week in the previous year. Redbook Index in the United States averaged 2.52 percent from 2005 until 2021, reaching an all time high of 9.30 percent in December of 2018 and a record low of -12.60 percent in May of 2020. The Johnson Redbook Index is a sales-weighted of year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9,000 stores. Same-store sales are sales in stores continuously open for 12 months or longer. By dollar value, the Index represents over 80% of the equivalent 'official' retail sales series collected and published by the US Department of Commerce. Redbook compiles the Index by collecting and interpreting performance estimates from retailers. The Index and its sub-groups are sales-weighted aggregates of these estimates. Weeks are retail weeks (Sunday to Saturday), and equally weighted within the month. This page provides the latest reported value for - United States Redbook Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

SOURCE: 🇺🇸 United States
https://tradingeconomics.com/united-states/redbook-index

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Heating and petrochemical demand in Asia contribute to more U.S. propane exports

U.S. exports of propane have been increasing in recent months, primarily to countries in East Asia, as a result of cold weather and robust petrochemical feedstock consumption that drive demand in that region. Between April 2020 and November 2020 (the most recent monthly data in the U.S. Energy Information Administration's (EIA) Petroleum Supply Monthly), approximately 58% of all U.S. propane exports went to markets in Asia. Nearly half of all U.S. propane exports in those months were shipped to three countries: Japan, China, and South Korea.

source https://www.eia.gov/todayinenergy/detail.php?id=46696

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Tesla Pump Liquidates $500M in BTC Shorts

Few hours after Tesla’s news caused Bitcoin to gain a massive percentage to over $47,000, around $500 million worth of positions were liquidated.

Just a day after the US Securities and Exchange Commission (SEC) revealed filing that Tesla bought $1.5 billion worth of BTC, the price per coin immediately soared from $39,000 to $45,000. Then breaking into an all-time high of $47,500.

At 12:53 GMT on Tuesday, BTC was trading at $46,584 per coin.

$500 million liquidation

As the Bitcoin initially rallied to $45,000, it caused $500 million worth of short positions to get liquidated.

The term liquidation in the Bitcoin futures market refers to when the price of BTC moves quickly in a short period beyond the liquidation prices of futures contracts.

According to data provided by Bybt.com, $1.3 billion worth of futures positions were liquidated in the future market in the last 24 hours.

bybt.com data showing liquidation

It appears that the derivatives market was overcrowded with short-sellers. Tesla’s acquisition news caused a massive short squeeze, liquidating hundreds of millions of dollars worth of positions within a few hours.

What can also be inferred is that many investors were caught off-guard. They did not expect Tesla to acquire Bitcoin even after Musk changed his Twitter bio to “#Bitcoin” on January 29, 2021.

What happens after this liquidation?

The funding rates is increasing as the majority of the market continues to buy and long Bitcoin. This will make crypto traders cautious. When funding rates get overly high, the market will be vulnerable to a long squeeze that may cause a short-term drop.

Nevertheless, a cryptocurrency trader known as “Loma” says that the market is not overconfident just yet. He said:

I want us to get to that point where people start talking about how it’s impossible for us to retrace 70–90% before I think of closing my spot $BTC positions. I remember feeling like there’s no way $BTC goes back below $10k in 2018. We went to ~$3,500. Never say never.

stablecoins inflow

CryptoQuant CEO, Ki Young Ju, emphasized that there is newfound buyer demand as stablecoin inflows into exchanges were spotted. He noted:

You can call me crazy, but I think we’ll see 50k soon. Just got another stablecoins deposit signal.

If you have any questions and comments on Bitcoin today, use the form below to reply.


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source https://www.earnforex.com/commodities/tesla-pump-liquidates-500m-in-btc-shorts/

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