Bitcoin’s Price Drops Below $10,000 for First Time Since Early December (17/01/18)

Today's press

  • The price of bitcoin has fallen below $10,000 for the first time since early December.

  • The U.S. Dollar has broken down and appears to be heading lower based on a technical analysis of its chart. The dollar index, which is used to measure the value of the dollar against a basket of foreign currencies, has recently fallen below a critical support level on the index at 91. It signals further declines, by as much as 13%, which could be on the way.

  • Investing.com – Industrial production in the U.S. rose much more than expected in December, bolstering optimism over the health of the economy, although manufacturing output was weaker than forecast, official data showed on Wednesday.

  • LONDON (Reuters) – Sterling edged lower against the dollar on Wednesday after a rally as traders took profits and awaited the latest developments in negotiations over Britain’s departure from the European Union.

Next trading day's important events

  • 03:30 (GMT+3) AU – Unemployment Rate s.a. (Dec)
  • 05:00 (GMT+3) CN – Gross Domestic Product (YoY) (Q4)


Forex quotes:

  • USDJPY: 110.72
  • EURUSD: 1.2223


Indices:

  • S&P 500: 2785.67
  • NASDAQ: 7250.45

Source: Alpari

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