The first official trading week of 2015 under way, major moves were going down! Oil down 5%, DOW down over 300… could this just be the beginning?!? Market veteran Bill Henner joins Merlin for a look at these instruments and more to get a clearer understanding of where and when to get into these volatile moves. Bill also offer us insights into where he sees things going in 2015.
Ripple (XRP) is holding above the key $1.00 psychological support level at the time of writing on Tuesday, even as the market endures a protracted downturn that began in mid-June.
The cryptocurrency market continues to face downward momentum on Tuesday, with Bitcoin (BTC) sliding below $60,000, Ethereum (ETH) breaching the $1,600 mark, and Ripple (XRP) retreating toward its critical $1.00 psychological threshold.
The Japanese Yen (JPY) recorded its lowest level in four decades, at 162.00 against the US Dollar (USD) on Tuesday, raising concerns that the Bank of Japan (BoJ) could intervene to protect the Yen.
Bitcoin struggles around $59,500 on Tuesday after a massive two-week correction. Investors remain cautious as the US and Iran offer different signals over whether their delegations will hold direct peace talks in Qatar.
Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.
