Crypto Futures News 

Bitfinex to Launch Crypto Options, a Gold-Backed Stablecoin

“Crypto exchange Bitfinex is planning to expand its product offerings by introducing crypto options and gold-backed digital currency among others” writes Arnab Shome for financemagnates.com. Bakkt, which launched physically-delivered Bitcoin futures last September, saw a significant surge recently despite a dim launch.CME Group in the US is also set to introduce Bitcoin options next year. However, in Asia, the Hong Kong regulator is skeptical of the crypto futures and recently issued a warning against such contracts.The company is aiming to bring the crypto options as early as the first quarter…

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GBPUSD breaks to new lows but snaps back

“If you look at the 4-hour chart of the GBPUSD, there is a lower trend line at 1.28173” reports forexlive.com. That takes it back above the most recent floor area, but below the broken trend line.Stay below the 1.2817 trend line is the risk for sellers now.The price has moved below the first two targets and just fell to 1.27923 low, but the price has snapped back higher. Source: forexlive.com

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EURUSD moves to lower trend line and October swing lows targets

“The EURUSD has moved down to new NY sesssion lows and in the process moved to test a lower trend line off the recent lows at 1.1074 on the hourly chart AND the swing lows from the month of October at 1.1071-73” reports forexlive.com. The 22 day average is around 50 pips (so around 50% of the normal range).Drilling to the 5 minutes chart below, the pair has been able to dipped below its 200 bar moving average and lower trendline on the way to new session lows.The pair remains in…

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USDCAD ping pongs between trend lines

“The USDCAD moved lower earlier in the day, but found support buyers near a lower channel trend line and bounced” reports forexlive.com. The higher trend in the USD, helped to push the price back through the 100 hour MA (blue line and up to retest a topside channel trend line.Like at the lower line, traders leaned (this time selling), and the price rotated back down.The price has moved back to retest the 100 hour MA (blue line) at 1.31528. Source: forexlive.com

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The pros and cons of a growing trend in women-owned businesses

“Between 2014 and 2019, the number of women-owned businesses climbed 21%, to nearly 13 million; by contrast, the number of U.S. businesses overall increased just 9%” writes Kerry Hannon for marketwatch.com. To do so, I reached out to these two experts: First, the big picture: Women-owned businesses are exploding, according to the Amex report.For the first time, the annual American Express AXP, +0.40%   report on women-owned businesses in America looked at “sidepreneurs,” part-time entrepreneurs who work fewer than 20 hours a week on their businesses.The 2019 State of Women-Owned…

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GBPUSD tries to keep a lid at the 100 hour MA/underside of broken trend line.

“The price has taken a peak above the higher trend line, but only by a pip” reports forexlive.com. The GBPUSD traders have taken the price lower in trading today as the election process is underway.Traders have taken the price off the low for the day near the 50% of the range since October 17 at 1.28997 (call it 1.2900), and are testing that 100 hour MA and underside of the broken trend line.That trend line is a little higher at 1.2919 currently. Source: forexlive.com

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Crypto News 

Cryptocurrency and Blockchain News From Brazil: Oct. 28-Nov. 3 in Review

“Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Brasil” writes Joeri Cant for cointelegraph.com. The alleged pyramid scheme, Atlas Quantum, a Brazilian platform that claims to conduct Bitcoin (BTC) arbitration, has angered its customers yet again. Source: cointelegraph.com

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Crypto News 

Bitcoin Shows Extreme Volatility After $10,600 Spike — Where to Next?

“On Nov. 1, the highly anticipated monthly candle of Bitcoin is set to open at previous monthly candle openings, as the Bitcoin price has tended to record a large spike in value” writes Joseph Young for cointelegraph.com. The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a single day.The daily trading volume of Bitcoin then dropped below $1 billion on Oct. 12, down substantially since June when…

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News Stocks 

Cyclerion’s stock plummets to pace premarket losers after diabetes treatment study missed primary endpoint

“CYCN, -74.46% plummeted 71% toward a record low Wednesday, to pace all premarket losers, after the biopharmaceutical company said a Phase 2 trial of its diabetes treatment missed the primary endpoint” writes Reporter Editor for marketwatch.com. The company said the Phase 2 proof-of-concept study of praliciguat, which is a once-daily, orally available stimulator in diabetic nephropathy did not meet statistical significance on its primary endpoint of reduction in albuminuria from baseline as compared with placebo.The company said, however, there was a trend toward improvement and improvements were observed in patients…

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Ashlee Simpson’s rose gold hair is mega

“Rose gold hair has been sitting pretty at the top of our must-try colour list, and it looks like the trend is here to stay” writes Digital Beauty Director for cosmopolitan.com. From metallic coppery highlights to blushing ombre fades, rose gold locks are winning eeeverywhere from Instagram to Pinterest (and there are no prizes for guessing why). Source: cosmopolitan.com

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