The meeting with the sun Photo by George Papapostolou
Bitcoin: Retail trader data shows 73.2% of traders are net-long with the ratio of traders long to short at 2.74 to 1. The number of traders net-long is 3.6% lower than yesterday and 6.6% lower from last week, while the number of traders net-short is 1.7% lower than yesterday and 7.5% lower from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. ...
Meek Mill will be released from prison following an order from the Philadelphia Supreme Court, CBS reports. The rapper, whose legal name is Robert Rihmeek Williams, served an up-to-four year sentence for violating probation stemming from a 2008 conviction on drug and gun counts. He has been in jail since last November. The decision was a sudden boon for Williams' team. Last week, ...
Trading the News: U.S. Gross Domestic Product (GDP) Updates to the U.S. Gross Domestic Product (GDP) report may curb the recent weakness in EUR/USD as the growth rate is anticipated to slow to an annualized 2.0% from 2.9%. Bear in mind, market participants may put greater emphasis on the core Personal Consumption Expenditure (PCE), the Fed’s preferred gauge for inflation, as the reading is projected to increase 2.6% during the first three-months ...
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