Features & market analysis news

The price of THETA Token has surged more than 260% in May to hit an all-time high at $0.4782 before retreating to the low $0.40s. The platform has received a major boost after the South Korean tech giant Samsung said it will incorporate Theta.tv streaming platform into its Galaxy S20 smartphones. Fundamental analysis: Samsung is a big win as the community expects a major platform upgrade Samsung announced its plan to pre-install the blockchain-ba...

Zilliqa (ZIL) price has skyrocketed in the past few weeks on a series of positive developments surrounding the Singapore-based blockchain platform, including a listing of a ZIL/BUSD trading pair on Binance. Fundamental analysis: Buterin’s acknowledgment, Binance listing and more At the end of the last week, the crypto exchange Binance announced it would be listing a ZIL/BUSD trading pair on Friday, May 22. Moreover, the co-founder of Ethereum, Vi...

EUR/USD is currently up 0.7% on the day on the broadened USD weakness. Reuters is reporting that the ECB is working on the contingency measures to continue the QE if the German top court forces the German central bank to quit.  Fundamental analysis: ECB preparing for the unthinkable – life without the Bundesbank A possible ruling of the German constitutional court that would prohibit the Bundesbank from participating in European quantitativ...

Kevin Rose, the former Google employee and one of the early Ripple investors, says he still doesn’t see Ripple as a currency. In the meantime, XRP/USD is struggling to stay above $0.20 and the 100-DMA.  Fundamental analysis: I don’t see Ripple as a cryptocurrency, says Rose In a recent interview, Kevin Rose spoke about the early days of Ripple when the company tried to gain a foothold in the world of blockchain tech. During that period, Goog...

The year or 2020 is likely to go to history books due to many different reasons. The COVID-19 pandemic is likely to dominate the headlines for years to come as the year when the materialization of a true “black swan” concept occurred.  What is rarely known is that a “black swan” term, used widely across the society, is a term coined by the former options trader Nassim Taleb. The idea behind this term was to explain a situation with a very lo...

EOS price is still trading below the 100-DMA after failing to keep its head above this important technical indicator last week. Separately, Block.one announced it will vote for EOS candidates, however, the open-source software provider named some conditions.  Fundamental analysis: Three conditions outlined Block.one, which owns 10% of the total supply of EOS tokens, named the requirements the block producer’s (KP) candidates must fulfill in...

Bitcoin has fallen for the second day in a row after the price failed to move past the $10,000 resistance again. The buyers expect to receive a boost from the golden crossover, which took place yesterday, in pushing the price action higher in the coming weeks.  Fundamental analysis: Golden crossover takes place Just a few days after the halving event, the crypto community found another reason to expect a rally in Bitcoin prices – the g...

Litecoin has been trading mostly sideways in the past month after the coronavirus-related selloff forced the price action to hit the 15-month low at $25.00. In the meantime, the Litecoin Foundation with the game-maker Atari. Fundamental analysis: Low transaction rates pay off for Litecoin The Litecoin Foundation has entered into a partnership with the US video game-maker Atari to offer an approved payment method for investors who plan to buy Atar...

Following the month when the largest monetary and fiscal packages in history were unveiled, the U.S. banking giant JPMorgan Chase & Co (NYSE: JPM) believes there’s only one winner going forward, and that’s gold prices. Fundamental analysis: Currency debasement coming In the latest report published by JPMorgan, the bank’s analysts John Normand and Federico Manicardi believe that there is an increased risk of the currency debasement in the comi...

EUR/USD has failed to clear $1.10 for the second time this month, signalling a potential reversal in the trend direction. Separately, JP Morgan has issued a warning that the currency debasement is coming to the markets. Fundamental analysis: Positive PMI numbers The latest PMI data from Europe have shown that the data is improving, but staying within the contraction zone. The manufacturing PMI came in at 39.5, much better than 33.4 in April and 3...

Rolls-Royce (LON: RR) announced it is forced to cut 9,000 jobs as the COVID-19 outbreak continues to paralyze the airline industry. Shares of the company have surged 6% on the announcement to trade above the multi-year lows.  Fundamental analysis: Expected cuts in the civil aerospace division Rolls-Royce, a major producer of airplane engines, said it is cutting 9,000 jobs in response to the COVID-19 outbreak that completely paralyzed the airline...

Shares of Walmart gapped more than 3% higher today after the company announced better-than-expected results for the first-quarter. A surge in demand has forced Walmart to hire nearly a quarter of million new workers. Fundamental analysis: E-commerce business soars Walmart reported that it earned $1.18 per share in the first-quarter ending April 30, higher than $1.12 per share expected from the Wall Street analysts. Moreover, the Arkansas-based re...

IOTA (MIOTA/USD) price has gained nearly 10% in the last week as the crypto market continues to recover from the March lows. Separately, the German Federal Ministry has selected the IOTA Foundation as a finalist in the competition to develop innovative tech solutions to help fight the COVID-19 outbreak.  Fundamental analysis: IOTA among the finalists The German Federal Ministry for Economic Cooperation and Development (BMZ) selected IOTA Fou...

USD/JPY is on the brink of breaking out of the descending wedge as the Bank of Japan (BoJ) called for an unscheduled meeting that is likely to result in introducing new measures to support the embattled economy.  Fundamental analysis: New measures to provide funds The BoJ scheduled an extraordinary meeting on Friday, May 22, to discuss a new set of activities aimed at providing fresh funds to the economy and businesses, the Nikkei reports. A...

Shares of Nvidia (NASDAQ: NVDA) have jumped 4% today to hit a fresh all-time high above $350 after BMO Capital Markets upgraded the stock to “outperform” from “market perform”.  Fundamental analysis: Nvidia “uniquely positioned” BMO Capital Markets upgraded Nvidia stock to “outperform” from “market perform” after describing the company as being “uniquely positioned” to continue to be the “prime beneficiary” of the data-center workloads. “We...

Shares of Exor NV (BMV: EXO1N) crashed 10% last week after the proposed sale of the reinsurance business collapsed. Italy’s biggest company saw its stock price lose more than 50% of the value since the COVID-19 outbreak hit northern Italy.  Fundamental analysis: Exor facing financial difficulties Exor, the holding company of Italy’s Agnelli family, is struggling to raise cash after the sale of the “PartnerRE” reinsurance business to Fr...

DAX Index is trading 4% higher today on improving risk appetite as the economies worldwide step up the reopening process. As expected, Germany is warning of a significant slowdown in the economic activity for the second quarter. Fundamental analysis: Bundesbank expects the momentum to pick up In its regular monthly report, Germany’s Bundesbank said that it expects the national economic activity in the second quarter to come in significantly below...