Author: Silas W

Standard Chartered and Ant International have made significant strides in financial technology, with the companies announcing Wednesday that they have successfully completed the first-ever blockchain-based Singapore Dollar (SGD) transaction between their respective entities. Essentially, the companies executed the first blockchain-based SGD transaction using Ant International’s blockchain-based Whale platform. “To enable this transaction, Standard Chartered plugged…

Cryptocurrency exchange giant Coinbase announced the launch of a new Engineering Hub in Singapore on Wednesday, underscoring the company’s deepening commitment to the city-state, positioning it as a key hub for blockchain innovation in the Asia-Pacific (APAC) region.   The initiative, supported by the Singapore Economic Development Board (EDB), aims to foster the local developer…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied…

Introduction to OptiPip Trader The OptiPip Trader System is a sophisticated Forex trading solution designed to provide accurate Buy and Sell signals, catering to traders who aim to maximize their profitability with minimal effort. This system leverages advanced algorithms and integrates with MetaTrader platforms, making it suitable for trading Forex pairs, indices, and even gold….

The peak set on 14 March around $73,750 is no longer Bitcoin’s all-time high. As the BTC/USD chart reveals, today the price surged past $75,300 per coin. This increase aligns with early results suggesting a lead for the Republican presidential candidate. Donald Trump previously promised support for the cryptocurrency sector during his campaign. Today’s BTC/USD…

Early results in the U.S. presidential election indicate a lead for the Republican candidate. A potential Trump victory is seen as favourable for the U.S. dollar, based on Donald Trump’s plans to:→ increase tariffs on key U.S. trading partners;→ stimulate domestic business and support small-cap companies. Additionally, the Trump administration may influence the Federal Reserve’s…

Early in this trading week, the dollar’s rise, likely influenced by Trump’s strong polling figures, has somewhat slowed. Based on technical analysis of major currency pairs, the market appears ready for a correctional pullback. However, the US election results could disrupt current patterns. EUR/USD Last week, EUR/USD found support around the 1.0760 level and rose…

Overall Analysis Bitcoin started moving in a channel structure, with a price moving downwards. Still, November 4 turned out to be in the seller’s favour.   Ethereum tried holding the price higher but failed in the second half. Price is moving in the channel, indicating the seller’s market.  Bitcoin Chart Analysis   BTC/USD 15-Minute Chart (Source: TradingView)…

Overall Analysis Gold breaks its sideways momentum and feels straight to support the trendline. More selling if it breaks the 2701 level.  Silver went up, breaking the resistance zone, failed to hold upside rally falls sharply.  Gold Chart Analysis  Gold/USD 15-Minute Chart (Source: TradingView) On the 5th Nov 2024 trading session, gold continues its movement…