Global macro overview for 31/05/2018

Global macro overview for 31/05/2018

The ADP Non-Farm Employment Change data published yesterday had indicated, that in May in the private sector of the American economy, the number of jobs increased by 178,000. That’s less than the consensus (190,000), but still a decent figure. At the same time, the previous reading has been revised downwards (from 204,000 to 163,000). A […]

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Bitcoin analysis for 31/05/2018

Bitcoin analysis for 31/05/2018

Singapore’s Monetary Office (MAS), the de facto central bank of a city-state, proposes changes to existing laws that would facilitate the entry of decentralized Blockchain-based exchanges. According to the published document, MAS claims that the current, single-level legal framework of “recognized market entities” (RMO) is not able to meet the demand for new business models […]

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Bitcoin analysis for 30/05/2018

Bitcoin analysis for 30/05/2018

Two Russian financial institutions are to test the regulatory platform, which aims to make national ICOs more transparent and safe for traditional investors. The Russian NSD (National Settlement Depository) has announced that it is working with Sberbank CIB to test the ICO emissions platform launched in April by the Bank of Russia. According to the […]

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Technical analysis of gold for May 29, 2018

Technical analysis of gold for May 29, 2018

Gold price remains supported in the short-term despite a widespread dollar’s strength. Gold remains above $1,290 and is expected to make a new move higher at least towards $1,320-30 area. This is very important confluence area of resistance. Yellow line – resistance Purple line- short-term support Green lines – targets Gold price is making higher […]

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Bitcoin analysis for 28/05/2018

Bitcoin analysis for 28/05/2018

The first deputy governor of the Russian Central Bank, Olga Skorobogatova, said that Blockchain technology is not yet mature enough to be used on an industrial scale, reports the local media. During a discussion at the International Economic Forum in Saint Petersburg, Skorobogatova suggested that the newly emerging technology still needs to be improved. According […]

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