#CITIFX

[fxasker-blog]

What is the recommended minimum deposit in MONEYCORP?

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[its-veso]

USD: Hedge Funds On The Short Side; USD Sell-Off Begins 1-2 Months Ahead Of Fed Rate Cuts – Citi

Markets are pricing in two rate cuts from the Federal Reserve this year. What does it mean for the dollar?

Citi discusses the USD outlook and notes that Fed rate cut expectations are likely to keep USD on the defensive, while the greenback also faces challenges ahead of major US releases this week, including May retail sales, Industrial Production and CPI.

“USD longs remain at risk, as per the CitiFX Flows & Positioning Indicator that shows leveraged (hedge fund) selling of USD.

History also shows that USD sell offs begin some 1-2 months prior to Fed rate cuts (most analysts now see the Fed cutting in July) leading to USD weakness by around 3.5% on average (so far, the USD Index (DXY) has fallen a little over 1.1%),” Citi notes.

“This week’s US May CPI is likely to garner most attention given how critical it is to Fed rate cut expectations. Citi analysts expect a solid 0.21%MoM rebound in May with weakness in transitory factors likely moderating while underlying components of inflation remain solid,” Citi adds.

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References

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from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/3WUsYR_fm4w/

[reyx-baron]

Abstract：A 34-Year-old Resident of Ahmedabad, India complained of four persons who defrauded him of Rs. 36.50 lakh by false promise of lucrative returns on investments.

[forexfactoryvn]

GBP/USD có nguy cơ tiếp tục giảm hướng đến 1,10-1,05 - Citibank

GBP/USD có nguy cơ tiếp tục giảm hướng đến 1,10-1,05 – Citibank

Các nhà chiến lược tại Citi Group dự đoán đồng GBP có triển vọng giảm giá trong thời gian tới, kỳ vọng GBP/USD sẽ kéo dài đà suy yếu hướng đến mức 1,0500. Trích dẫn chính về GBP/USD “Đội ngũ CitiFX Strategy đã tăng cường quyền chọn bán GBP trong tuần này, với lý do triển vọng tăng trưởng xấu đi, lạm phát có khả năng leo lên cao hơn và BoE đi vào suy thoái.” “Nhà chiến lược CitiFX kêu gọi phí rủi…

[digitalwealthblog]

Realistic Bitcoin Price Predictions

What is Bitcoin?

Bitcoin is a decentralized digital currency that you can buy, sell, and trade directly with the dealer without an intermediary such as a bank. The creator of Bitcoin, Satoshi Nakamoto, originally described the need for an “electronic payment system based on cryptographic evidence rather than trust.”

Each and every Bitcoin transaction that is ever made exists in a public ledger. That ledger is accessible to all, making transactions difficult to reverse and difficult to counterfeit. This is by design: At the core of their decentralized nature, Bitcoins are not backed by the government or any issuing institution, and there is nothing that guarantees their value more than evidence stored at the heart of the system.

“The reason the money is worth is simply that we as human beings decided it had value, like gold,” said Anton Mozgovoy, co-founder and CEO of digital financial services company Holyhead.

The value of Bitcoin has increased dramatically since its public launch in 2009. Although the coin was once sold for less than $ 150, a Bitcoin will now sell for almost $ 50,000 as of March 1, 2021. With a supply limited to 21 million coins, many expect the price to continue to rise with time, especially as larger institutional investors start treating it as a kind of digital gold to hold against market volatility and inflation.

Bitcoin Predictions

Following are some of the most exciting predictions from Bitcoin’s most legendary evangelists.

Shervin Pishevar – $100,000 (by 2022)

Shervin Pishevar is a venture capitalist and angel investor who co-founded Hyperloop One and Sherpa Capital. He has also invested in various companies, including big names like Airbnb and Uber.

Pishvar has asked via Twitter that Bitcoin should reach $ 100,000 by the end of 2021. The prediction came shortly after a December 2020 meeting with MicroStrategy CEO Michael Saylor, whose company invested over a billion dollars in Bitcoin in 2020.

Thomas Fitzpatrick – $318,000 (by 2022)

Citibank’s Thomas Fitzpatrick is the global director of its market research product, CitiFX Technicals. He made headlines with his Bitcoin forecast of $ 318,000 for 2022, which appeared after his report leaked onto the internet in late 2020, which was between $ 20 and $ 35 before its peak in 1971. He also cited the acceleration of central banks. They have been printing money since the arrival of COVID19, which could boost the execution of Bitcoin.

Winklevoss Twins – $500,000 (by 2030)

Winklevoss Twins: Famous Bitcoin billionaires have said that Bitcoin has the potential to reach a price of $ 500,000 by 2030, which would equate its market capitalization to that of gold (around $ 9 trillion).

Tyler Winklevoss said: “Our thesis is that Bitcoin Gold is 2.0, which will alter gold, and if it does, it must have a market capitalization of 9 trillion, so we think one day it will be $US500, 000 of bitcoin.

Anthony Pompliano – $250,000 (by 2022)

Anthony Pompliano is a well-known Bitcoin personality. He is the founder and partner of Morgan Creek Digital, a cryptocurrency-compliant asset management company for institutional investors. He previously claimed that he owns more than 50% of his net worth in Bitcoin, which shows his belief in cryptocurrencies.

Pompliano had previously predicted that Bitcoin would hit $ 100,000 by the end of December 2021. Since then, he has revised the number to a cap of $ 250,000, more than double his original forecast.

Why the updated number? Pompalino believes that the available supply of Bitcoin is much lower than what most perceive, which is in contrast to the incipient demand, especially from institutions.

Among many others, Pomp also talks about the Fed’s aggressive quantitative easing and keeping interest rates low, leading to a flight to safe investments.

Chamath Palihapitiya – $1,000,000 (by 2037)

Chamath Palihapitiya is the founder of Social Capital and co-owner of the Golden State Warriors. His bitcoin journey began with an investment in 2012, and by 2013 he had added bitcoin to his hedge fund, general fund, and personal accounts. At one point, he owned 5% of all bitcoins in circulation.

Palihapitiya has predicted that the price of Bitcoin will reach $ 100,000 in the next 34 years, adding that it will reach $ 1 million by 2037. He said: “This has the potential to be comparable to the value of gold … It is a hedge. fantastic and a store of value against autocratic regimes and banking infrastructure that we know are affecting the way the world works.”

Wences Casares – $1,000,000 (by 2027)

Wences Casares is, among other things, the founder and CEO of Xapo, a Bitcoin wallet startup, and a member of the PayPal board. Casares first found interest in Bitcoin due to high financial volatility in the local currency of his home country, Argentina, the peso. The tech giant bought its first bitcoins in 2011.

Casares believes that Bitcoin will hit $ 1 million sometime before 2027, he said at the 2017 Consensus Conference in New York. Even better, he believes that Bitcoin could reach $ 1 million in just 5 years, and said on May 23, 2017, that the milestone will be reached “in 510 years.”

John Pfeffer – $700,000 (no date)

John Pfeffer is a partner in the London family office Pfeffer Capital. He has set himself a bold target price of $ 700,000 for Bitcoin, roughly 175 times the current Bitcoin price of nearly $ 4,000. Pfeffer said that Bitcoin is the world’s first viable replacement for gold.

The math of your goal works like this: First, it assumes that Bitcoin can replace all the gold currently owned by retail investors, that is, the gold bars that people keep in lockers or buried in their backyard (simply as a possibility of depositing your money in something more reliable than paper). He says that “Bitcoin is much easier to store and protect.”

Next, the present value of all privately owned gold bars is approximately $ 1.6 trillion. Assuming there will be 18 million bitcoins in circulation by the time the cryptocurrency completely replaces the gold bars, the implied value of one bitcoin would be $ 90,000. This is Pfeffer’s most conservative scenario and there is an 8% chance that he will carry it out.

Jeremy Liew – $500,000 (by 2030)

Jeremy Liew is a partner at Lightspeed Venture Partners, known as the first investor in the social media app Snapchat. Liew’s other investments include multimedia company Beme, listing service VarageSale, and hardware wallet LedgerX. His net worth is estimated at more than $ 2 billion.

In an exchange with Business Insider in May 2017, Liew said that the price of Bitcoin could “realistically” reach $ 500,000 by 2030 in the  Bitcoin Wallet.

Mark Yusko – $400,000 (no date)

Mark Yusko is the billionaire investor and founder of Morgan Creek Capital. His prediction for Bitcoin is that it will be valued at more than $ 400,000 in the long run, a statement that made headlines due to its grandiose proportions.

“It’s just math. It’s a gold equivalent … there are around 20 million bitcoins available today. Gold costs around $ 8 trillion today. That brings you $ 400,000. And that doesn’t include coin-related use cases, ”Yusko said.

He also pointed out that the asset terrifies the hearts of bankers precisely because Bitcoin eliminates the need for banks. When transactions are verified on a blockchain, banks become obsolete.

Roger Ver – $250,000 (no date)

Roger Ver is an early investor in Bitcoin and blockchain-related startups. Born in the United States and now a citizen of Saint Kitts and Nevis, Ver began his business career at a computer parts store, MemoryDealers.com. Ver had started investing in Bitcoin in early 2011, now with a portfolio that includes startups like Bitinstant, Ripple, Blockchain, Bitpay, and Kraken.

In an interview with Jeff Berwick for The Dollar Vigilante blog in October 2015, Roger Ver said that Bitcoin “could very easily be worth $ 2,500 or $ 25,000 per bitcoin or even $ 250,000 per bitcoin.” Verse Estimate is based on the principles of supply and demand, which he believes create great potential for Bitcoin as a store of value.

Kay Van-Petersen – $100,000 (by 2027)

Kay VanPetersen is an analyst at Saxo Bank, a Danish investment bank that specializes in online trading and investing. VanPetersen, based in Singapore with a master’s degree in applied economics and finance from Copenhagen Business School, is an active Twitter user who isn’t afraid to speculate on tough topics like crypto prices.

Read more

[fxasker-blog]

What Is A CFD With ADVANCED MARKETS?

What Is A CFD With ADVANCED MARKETS? Read More http://fxasker.com/question/12fd5ff79df72b8d/ FXAsker

[goforcrypto]

Citibank analyst makes tentative $318K Bitcoin prediction for December 2021

Citibank analyst makes tentative $318K Bitcoin prediction for December 2021

However improbable this seems, it would represent the “weakest” major rally so far, at a 102 times increase from low to high.

A recent Bitcoin (BTC) technical analysis prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021.

As highlightedby Twitter commentator Alex on Nov. 14, the exact figure is of little value over such a long time…

[reyx-baron]

Abstract：On April 5, 2023 A user of Maharashtra, India Complaint against a broker named CitiFx regarding Withdrawal issue.

[maxbit]

Citibank analyst makes tentative $318K Bitcoin prediction for December 2021

Citibank analyst makes tentative $318K Bitcoin prediction for December 2021

[ad_1]

A recent Bitcoin (BTC) technical analysis prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021.

As highlighted by Twitter commentator Alex on Nov. 14, the exact figure is of little value over such a long time frame. However, the analysis does suggest that Bitcoin “price is likely to continue to go up, and a lot.”

Describing…

[thecryptoreport]

Citibank analyst makes tentative $318K Bitcoin prediction for December 2021 A recent Bitcoin (BTC) technical analysis prepared by CitiFX for its institutional clients points to a potential high of $318,000 sometime in December 2021.

[michaelbennettcrypto]

Bitcoin Chart Allegedly Linked to Citibank Projects Price at $120K

Bitcoin price could hit $120,000 in the coming years, according to a chart with alleged links to Citibank.

The unverified image, first shared by Altana Digital Currency’s CIO Alistair Milne, depicts Bitcoin in a 2.5 years-long bull run.

It also highlights the cryptocurrency’s potential to breach above $19,500 by 2021.

A Bitcoin chart with links to Citibank, a global banking giant, envisions the cryptocurrency at over $120,000.

First shared by Alistair Milne, the chief investment officer at Altana Digital Currency – a Monaco-based crypto fund, the image depicts BTC/USD in a long-term logarithmic uptrend. It highlights the cryptocurrency’s major breakout moves from late-2011 and mid-2016 as fractals to predict its future price. Excerpts:

“The setup over the last 2.5 + years in Bitcoin continues to crack closely to that over the 2.5 + years leading to the summer of 2016 before it started to move exponentially higher.”

BTC/USD price uptrend as allegedly noted by Citibank. Source: Alistair Milne

The chart adds that Bitcoin is at the cusp of repeating the same bullish move as it tests $10,500-10,820 as resistance. The cryptocurrency would first target $13,850, followed by an extended move towards $19,500 by 2021.

“If $19,511 was to give away, well the chart speaks for itself,” Citibank writes [allegedly].

Mr. Milne claims that strategists at Citibank delivered the bullish Bitcoin chart to CitiFX Wire, a service that feeds Citi’s clients via a so-called “DeskTalk.”

Ideal Timing

The Citibank’s alleged involvement with Bitcoin appears at a time when the cryptocurrency is rallying on the growing demand for safe-haven assets. The BTC/USD last week surged from as low as $9,100 to top near $10,333 as of today.

BTC/USD and XAU/USD correlation grows higher against a falling US dollar. Source: TradingView.com

Its rally appeared alongside that of gold, a traditional hedging asset that established its all-time high today. Both it and bitcoin surged as the US dollar slipped to its two-year low – and yields on the US Treasury fell in tandem.

Bobble Lee, the founder/CEO of crypto wallet Ballet, said the newly developed correlation with rivaling hedging assets improves Bitcoin’s outlook for the rest of 2020. The analyst wrote:

“I am expecting [BTC] to march up to its all-time high of $20,000 from 2017.”

Today is special: #Gold has just surpassed $1,940, breaking its ALL-TIME HIGH record of $1,920 set exactly 9 years ago in August 2011. The rally goes on!

Without coincidence #Bitcoin has just broken $10,000! I’m expecting it to march up to its all-time high of $20,000 from 2017.

— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) July 27, 2020

Kyle Bass, the chief investment officer of Texas-based Hayman Capital Management, also repeated the same bullish stance, adding that “the sheer amount of money printing going on around the world” would push the prices of silver, gold, and bitcoin higher.

Bitcoin Downside Calls

As Citibank and others see BTC/USD breaking out towards an all-time high, some are still skeptic about a full-blow price rally.

Peter Schiff, the CEO & co-founder of Euro Pacific Management, highlighted Bitcoin’s ability to sustain an uptrend above $10,000 in over the last 12 months. The cryptocurrency’s last attempts to hold a six-figure region ended up in a 15 percent and 63 percent downside moves in June and February 2020, respectively.

Two of the last three times #Bitcoin rose above $10,000 in Oct. of 2019 and in Feb. of 2020 it soon fell by 38% and 63% respectively. The last time Bitcoin rose above $10,000 was in May, and it only fell by 15%. It's above $10,000 again today. How big will the next drop be?

— Peter Schiff (@PeterSchiff) July 27, 2020

Meanwhile, the possibility of BTC/USD correcting below $10,000 has also grown higher due to a gap in its CME futures chart. Historically, traders go back to fill the missing candle. As of now, that gap is at $9,925-9,665 range.

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[maisruth]

Citibank-Analyst prognostiziert: Bitcoin bis Dezember 2021 bei 318.000 US-Dollar Eine kürzliche technische Bitcoin (BTC)-Analyse von CitiFX, die für seine institutionellen Kunden erstellt wurde, prognostiziert möglichen Höchststand von 318.000 US-Dollar bis Dezember 2021.

[brettzjacksonblog]

Bitcoin Chart Allegedly Linked to Citibank Projects Price at $120K

Bitcoin price could hit $120,000 in the coming years, according to a chart with alleged links to Citibank.

The unverified image, first shared by Altana Digital Currency’s CIO Alistair Milne, depicts Bitcoin in a 2.5 years-long bull run.

It also highlights the cryptocurrency’s potential to breach above $19,500 by 2021.

A Bitcoin chart with links to Citibank, a global banking giant, envisions the cryptocurrency at over $120,000.

First shared by Alistair Milne, the chief investment officer at Altana Digital Currency – a Monaco-based crypto fund, the image depicts BTC/USD in a long-term logarithmic uptrend. It highlights the cryptocurrency’s major breakout moves from late-2011 and mid-2016 as fractals to predict its future price. Excerpts:

“The setup over the last 2.5 + years in Bitcoin continues to crack closely to that over the 2.5 + years leading to the summer of 2016 before it started to move exponentially higher.”

BTC/USD price uptrend as allegedly noted by Citibank. Source: Alistair Milne

The chart adds that Bitcoin is at the cusp of repeating the same bullish move as it tests $10,500-10,820 as resistance. The cryptocurrency would first target $13,850, followed by an extended move towards $19,500 by 2021.

“If $19,511 was to give away, well the chart speaks for itself,” Citibank writes [allegedly].

Mr. Milne claims that strategists at Citibank delivered the bullish Bitcoin chart to CitiFX Wire, a service that feeds Citi’s clients via a so-called “DeskTalk.”

Ideal Timing

The Citibank’s alleged involvement with Bitcoin appears at a time when the cryptocurrency is rallying on the growing demand for safe-haven assets. The BTC/USD last week surged from as low as $9,100 to top near $10,333 as of today.

BTC/USD and XAU/USD correlation grows higher against a falling US dollar. Source: TradingView.com

Its rally appeared alongside that of gold, a traditional hedging asset that established its all-time high today. Both it and bitcoin surged as the US dollar slipped to its two-year low – and yields on the US Treasury fell in tandem.

Bobble Lee, the founder/CEO of crypto wallet Ballet, said the newly developed correlation with rivaling hedging assets improves Bitcoin’s outlook for the rest of 2020. The analyst wrote:

“I am expecting [BTC] to march up to its all-time high of $20,000 from 2017.”

Today is special: #Gold has just surpassed $1,940, breaking its ALL-TIME HIGH record of $1,920 set exactly 9 years ago in August 2011. The rally goes on!

Without coincidence #Bitcoin has just broken $10,000! I’m expecting it to march up to its all-time high of $20,000 from 2017.

— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) July 27, 2020

Kyle Bass, the chief investment officer of Texas-based Hayman Capital Management, also repeated the same bullish stance, adding that “the sheer amount of money printing going on around the world” would push the prices of silver, gold, and bitcoin higher.

Bitcoin Downside Calls

As Citibank and others see BTC/USD breaking out towards an all-time high, some are still skeptic about a full-blow price rally.

Peter Schiff, the CEO & co-founder of Euro Pacific Management, highlighted Bitcoin’s ability to sustain an uptrend above $10,000 in over the last 12 months. The cryptocurrency’s last attempts to hold a six-figure region ended up in a 15 percent and 63 percent downside moves in June and February 2020, respectively.

Two of the last three times #Bitcoin rose above $10,000 in Oct. of 2019 and in Feb. of 2020 it soon fell by 38% and 63% respectively. The last time Bitcoin rose above $10,000 was in May, and it only fell by 15%. It's above $10,000 again today. How big will the next drop be?

— Peter Schiff (@PeterSchiff) July 27, 2020

Meanwhile, the possibility of BTC/USD correcting below $10,000 has also grown higher due to a gap in its CME futures chart. Historically, traders go back to fill the missing candle. As of now, that gap is at $9,925-9,665 range.

from CryptoCracken SMFeed https://ift.tt/2X21FJL via IFTTT

[its-veso]

EUR/CAD: Testing Pivot; CAD/JPY: Bullish Breakout - Citi

CitiFX Technical Strategy Research notes that EUR/CAD had held the 76.4% retracement against the high and is now testing the pivot at 1.4481.

"The close below 1.4481 indicates a move down to 1.4053 and possibly 1.3784," Citi argues. 

On CAD/JPY, Citi notes that a breakout has already been seen as the cross has rallied through resistance levels that were between 88.80 and 89.72.

"The next meaningful level is at 93.26," Citi adds.

Source: Citi Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/396GFhoWw68/eurcad-testing-pivot-cadjpy-bullish-breakout-citi

[fxasker-blog]

How do I place a pending order in PANDATS Markets?

How do I place a pending order in PANDATS Markets? Read More http://fxasker.com/question/d9a6cfe34e9db06b/ FXAsker

[mrhfz90]

Is the worst behind? The key may be 2008 roadmap - Citi

Is the worst behind? The key may be 2008 roadmap – Citi

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The worst may be yet to come

CitiFX Technicals warn that the worst for markets may yet to come and retains its view that October/November 2008 continues to be the best roadmap in that respect.

“As we went into November 2008 one would have been forgiven for thinking that the worst was likely behind us (that was our bias at the time). Alas, that was not to be and November-December…