Cryptocurrencies need regulating. - Mnuchin The US Secretary of the Treasury Steven Mnuchin thinks that millions of dollars are laundered via cryptocurrencies. In this light he considers it necessary to introduce regulations to the cryptocurrency market same as to normal financial services, which means rather tough regulations.However, in order to start regulating the market, it […]
EUR/USD: Federal Reserve attracted maximum attention Recently the major currency pair has grown significantly; however, this is not because the euro has become surprisingly strong out of the blue. The reason is in the policy of the US Federal Reserve system, specifically, their decision to lower the interest rate on the July session. There is […]
In this column we talk about the news that has influenced financial markets last week. The first week of July turned out rather quiet for capital markets: the end of June was too busy for investors. However, market players found room for movement even in such calm settings. Sberbank: The Business Is Prospering Russian Sberbank […]
The LTC is declining Tuesday, trading at $58.60. After making new local lows, the crypto has been going down for the third day in a row. On H4, the Litecoin is inside an ascending channel that looks quite stable. The MACD, however, is forming a black cross after divergence, which means the price may soon […]
The current setup is best shown on H1, where the latest upside movement stopped near the current channel resistance.