Lawmakers, business executives and economists have all tried to warn President Trump that his trade policies could hurt growth. On Friday, the government reported that employers added just 75,000 jobs in May, a fact that will be hard for him to ignore.The increase was a far cry from what economists had expected and a fraction of the number of jobs created in April. The weakness was most evident in sectors that depend on exports, and analysts were quick to blame Mr. Trump’s tariffs on China and other countries. The new data from the Labor Department also increases the likelihood that
CloakCoin (Bittrex: CLOAKUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, CloakCoin began a wave one advance in January 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in May this year. If this wave count is correct, CloakCoin should be heading next towards the December 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
CloakCoin is a cryptocurrency designed to facilitate private, secure and untraceable decentralized transfers with Enigma. The coin is now five
United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrencyEOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7.
In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development.
The tweet also hinted that fellow top crypto ADA is next in line to prove itself as a decentralized proof-of-stake (PoS) blockchain system:
“It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.”
G20 finance ministers and central bank governors have asked the Financial Stability Board (FSB) and global standard-setting organizations to monitor risks around crypto assets. The request was made in a joint communiqué published on the website of Japan’s Ministry of Finance on June 9, following the G20 meeting held in Fukuoka, Japan.
The leaders that cosigned the document state that they urge relevant institutions to give greater consideration to crypto assets and consider appropriate action:
“We ask the FSB and standard setting bodies to monitor risks and consider work on additional multilateral responses as needed.”
Advances in cryptography are converging to help developers bring blockchain applications closer to the core decentralizing principles on which this technology is founded.
Inventions such as atomic swaps, zk-SNARKS and Lightning-based smart contracts are allowing developers to realize the dream of true peer-to-peer transactions in which neither party, nor an outside intermediary, can act maliciously. Witness the rising number of non-custodial and decentralized exchange (DEX) services for trading crypto assets.
This is exciting. But it also shines a light on another big problem that has curtailed the widespread adoption of cryptocurrency and blockchain technology: secure key management.
For too long, the most reliable means of protecting the private keys that afford the holder control over an underlying crypto asset have been too clunky, insufficiently versatile, or difficult to implement on scale. User experience has been sacrificed in return for security.
Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.
During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.
AMA session with Beni Issembert, Beam CMO, at 7 PM (GMT) on Beam’s YouTube channel.
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
Today we broke the resistance line at 0.39$ with a nice volume but unfortunalty, the reversal came with low volume but it was enough to remove all the gain of the day. So we are again lower than the resistance line at 0.39. We already dropped too much to do a pull back pattern so let’s see if the market will try to go back quickly break that resistance line. If it is not the case, I’m afraid we go test 0.34$ again.
What I like about the price action is the downward direction since 2018.
Lets zoom in for the trade set-up. What I like about the zone is the stack of sellers on top of each other and the explosive move out of the zone before the pull back.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
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Peregrins first bred in the spire in 2015 using a nest box made at the University of Sheffield , A new box was then installed in the autumn of 2015 and a camera fitted to watch into the box. In 2018 an extra camera was fitted to watch from the side overlooking the east parapet allowing observation of the birds leaving and entering the nest.
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Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.
The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world. Over half of all foreign currency reserves in the world are in
The Standard & Poor’s 500 Index (known commonly as the S&P 500) is an index with 500 of the top companies in the U.S. Stocks. Because the S&P 500 Index represents approximately 80% of the total value of the U.S. stock market, it’s the bellwether index for the U.S. stock market. In addition, the U.S. stock market is the largest stock market in the world, it’s also the bellweather for equity markets around the world. The S&P 500 is arguably the most important stock market index on the planet.
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Because we live in a global economy, the global equity markets
On 4hr chart, possible mini triangle consolidation to the downside. Yesterday opinion still valid. Weekly likely to close off evening star pattern.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio :109
Total marketcap :247
Dominance :55.6
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :
Gold prices jumped 1% on Friday to their highest levels since April 2018 as a sharp slowdown in U.S. jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year.The U.S. Labour Department reported on Friday that job growth slowed sharply in May and wages rose less than expected.”The U.S. jobs number was weaker than expected and that rallied the gold market. That gives the bulls more technical momentum,” said Jim Wyckoff, senior analyst at Kitco.Chances “have significantly increased that the U.S. Federal Reserve is going to lower interest rates sooner rather
There are two things that act as worst enemies of investors. We all know them well.
FOMO (Fear of Missing Out) and The Sunk Cost Fallacy
When the price of crypto is moving up aggressively we tend to freak out and worry about missing the ride and do things like chase price higher or buy on any little pullback. Often times this bites us in the ass and we make a poor entry price.
Other times we hold onto something that we are up big on because it is ripping higher and any pullback is just a hiccup before things are sure to
