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News, Trends, & Analytics 28.05.2019

Bitcoin’s recent gains may lead to correction

Bitcoin’s trading volume has exceeded $26 billion. This affects Bitcoin, in past three months the gains that were made may be due for a correction.

 

News

France published lower unemployment than its last report. This affects the EUR.


The U.K.’s Conservative party failed in the European Parliament elections, receiving the 5th most votes with the Brexit Party coming in 1st. The GBP will be affected.


Pro-European parties retain majority in the EU parliament. These results will affect the EUR.


U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe on Monday to even out a trade imbalance with the United States. With global implications this also affects the EUR.


Bitcoin’s trading volume has exceeded $26 billion. This affects Bitcoin value and potential going forward.

 

Calendar

14:00 GMT

The U.S. CB (Conference Board) Consumer Confidence report will be published. The results could cause volatility for the USD.


21:00 GMT

The RBNZ Financial Stability Report will be released. This report could bring volatility to the NZD.


23:00 GMT

The RBNZ Gov. Orr Speaks on the banks plans. Those plans could inspire a destabilized NZD.

 

Technical analysis

Bitcoin

Its Fibonacci levels show a downward correction may start from 9500.

 

EUR/GBP

EUR/GBP will be able to grow, because of wins by EUR supporters in yesterday’s election results.

 

Oil

Oil’s price can rise, its RSI has shown overselling.

 

Gold on this day

  • Since 2000, May 28th, it has been a trading day 13 times.
  • In 61% of those days the asset ended the fall.
  • The maximum reinforcement range was 1.28%.
  • The downtrend was limited to 1.00%.

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