GBP News 

ZEW investor sentiment poll in Germany vaults to a nearly flat reading in November

“The ZEW indicator of economic sentiment for Germany rose to -2.1 in November, a gain of 20.7 points from October” writes European Markets Editor for marketwatch.com. “There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November. Source: marketwatch.com

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GBP News 

ZEW investor poll jumps in November

“The ZEW indicator of economic sentiment for Germany rose to -2.1 in November, a gain of 20.7 points from October” writes European Markets Editor for marketwatch.com. “There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November. Source: marketwatch.com

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News 

NJR Crosses Critical Technical Indicator

“In trading on Monday, shares of New Jersey Resources Corp (Symbol: NJR) entered into oversold territory, changing hands as low as $42.08 per share” writes Bnk Invest for nasdaq.com. A stock is considered to be oversold if the RSI reading falls below 30.We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. Click here to find out which 9 other oversold energy stocks you need to know about » The views and…

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Crypto Markets News 

Bitcoin Price Tests $9K as Analyst Eyes ‘Significant’ Indicator Cross

“Bitcoin price (BTC) was drifting towards $9,000 on Oct. 30 as the momentum behind its recent bull run appeared to wane” writes William Suberg for cointelegraph.com. Concentrating on the short term, one analyst meanwhile dismissed the idea that Bitcoin coming off its recent highs was a bearish sign.Faring worse in the top twenty was Monero (XMR), which saw 5.3% shaved off its price on Wednesday. Source: cointelegraph.com

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Markets News Stocks 

The stock market’s ‘Halloween Indicator’ is more trick than treat

“Those counting on the so-called Halloween Indicator to boost the U.S. stock market over the next six months may be in more for of a trick than a treat” writes Mark Hulbert for marketwatch.com. He can be reached at [email protected] Read: Can the stock market march higher without the promise of more Fed cuts?. That uncertainty holds the stock market back prior to those elections, resulting in an upsurge immediately after as that uncertainty is resolved.Why is this seasonal pattern so pronounced in just the third year of the cycle?.…

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Crypto News 

Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

“As shown by the daily chart, Bitcoin price is approaching the double bottom at $7,775 and $7,714” writes Horus Hughes for cointelegraph.com. As Bitcoin’s price gradually sinks lower, traders appear to have turned their appetites elsewhere.The general sentiment amongst Bitcoin traders seems relatively unenthusiastic and many traders view Bitcoin’s current price action as an opportunity for accumulation at $7,800 and below.One will also notice that the 200-day moving average has flattened and Bitcoin price continues to peel away from the indicator which many traders describe as being crucial. Source: cointelegraph.com

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Crypto Markets News 

Key Trading Indicator Suggests Bitcoin Bulls Are Steadily Accumulating

“Overall, the Bitcoin bulls have made a good start to the week by attempting to recover losses from late last week” reports cointelegraph.com. This stands in stark contrast to bearish price action witnessed on Sunday.Despite an ominous close to the bottom of the trading range, Bitcoin has rebounded higher this morning alongside other cryptocurrencies, with notable gainers XRP and Link breaking 10% gains for the day.The 4-hour Bitcoin chart demonstrates that the bulls made quick work of the diagonal resistance and the previous resistance in the middle of the range.Today’s…

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Crypto Markets News 

Bitcoin Price Indicator May Signal Next Leg Higher

“Note that the bull market had stalled around $450 following a quick rise from $320 to $500 in November” reports coindesk.com. The bear market, which began at the end of 2013, ran out of steam at lows near $150 in January 2015.Further, the new bull market began two months following the confirmation of the bearish crossover.For instance, the bitcoin bear market ended near $3,100 in mid-December 2018 and prices built a base below $4,000 in the following three months before breaking into a bull market on April 2. Source: coindesk.com

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News 

Japan June final leading indicator index 93.3 vs 93.3 prelim

“Both readings are unchanged from initial estimates, so the headline remains the weakest since February 2010 – suggesting weakening economic conditions in the Japanese economy in 1H 2019” reports forexlive.com. The index is used as a reference to economic conditions, but most of the indicators used to make up the index has already been released individually – so there isn’t much of an impact on this release. The index basically measures up employment data, consumer confidence, production, housing, and stock market data, etc as its leading indicators to derive the…

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