What is the exchange rate of EUR (Euro) / USD (US Dollar) on Thursday September 17, 2020
Get the latest mid-market rate for EUR (Euro) / USD (US Dollar) for Thursday September 17, 2020 right here.
The latest rates for EUR (Euro) / USD (US Dollar) are available below. As a leading finance news site the team at Born2Invest collates and analyses the latest Forex Market data to bring you live information to help you make the right forex trading decisions.
Thursday September 17, 2020 1 EUR (Euro) is worth 1.17985 of USD (US Dollar) .
Remember to always trade with a reputable broker. It’s also possible to apply forex concepts to cryptocurrency trading.
Considering making a trade? Forex is one of the most volatile markets in the world and there are hundreds of currency combinations to choose from. Understanding how the market works is key and we’re here to help you.
Currencies are always traded in pairs. When you buy or sell one currency you automatically buy or sell another. In every currency pair there is a base currency, in this case EUR (Euro) and a quote currency USD (US Dollar).
The price displayed for a currency pair represents the amount of quote currency, or USD (US Dollar) you will need to spend to purchase one unit of the base currency EUR (Euro) In this example that means you need to spend 1.17985 of USD (US Dollar) in order to purchase 1 EUR (Euro).
Forex pairs can be broadly separated into three categories; the majors, the commodity currencies, and the cross currencies:
Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.
It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.
YF Link Price Hits $515.20 on Top Exchanges (YFL)
YF Link (CURRENCY:YFL) traded 1.2% higher against the dollar during the 1-day period ending at 0:00 AM Eastern on September 17th. One YF Link token can currently be purchased for approximately $515.20 or 0.04710104 BTC on major cryptocurrency exchanges. During the last seven days, YF Link has traded 6.4% lower against the dollar. YF Link has a total market cap of $25.53 million and $1.15 million worth of YF Link was traded on exchanges in the last 24 hours.
Here is how similar cryptocurrencies have performed during the last 24 hours:
About YF Link
Buying and Selling YF Link
YF Link can be bought or sold on these cryptocurrency exchanges: . It is usually not currently possible to buy alternative cryptocurrencies such as YF Link directly using U.S. dollars. Investors seeking to acquire YF Link should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy YF Link using one of the exchanges listed above.
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Author: Jeff Slater
Price analysis 9/16: BTC, ETH, XRP, DOT, BCH, BNB, CONNECT, CRO, LTC, BSV
Cost analysis 9/16: BTC, ETH, XRP, DOT, BCH, BNB, CONNECT, CRO, LTC, BSV
This week MicroStrategy, a Nasdaq-listed organization, revealed that it had added 16,796 Bitcoin (BTC) to its present holding of 21,454 Bitcoin. What this means is in under a year the company features amassed 38,250 Bitcoin. This is certainly a defining moment as MicroStrategy becomes the initial public company to consider a Bitcoin standard.
Other large companies may follow in MicroStrategy’s footsteps but they are very likely to buy at higher levels relating to Datavetaren, a pseudonymous computer software professional.
CNBC Mad cash number Jim Cramer additionally recommended he might place 1percent of his portfolio into Bitcoin as he considers gold ‘dangerous’. During a podcast with Anthony Pompliano, Cramer stated that saving gold had been dangerous, therefore, their desire to have Bitcoin.
Frequent cryptocurrency market performance. Resource: Coin360
In other development, Rich father bad Dad author Robert Kiyosaki said that Bitcoin ranks among the top three long-term investments that everyone should have within their profile. Kiyosaki thinks that people will dump these safe sanctuary assets whenever a coronavirus vaccine is created but in accordance with him, that could be a great purchasing possibility.
Usually, Bitcoin will continue to have a bullish outlook in long-lasting exactly what can dealers anticipate inside temporary? Let’s assess the maps to find out.
Bitcoin broke over the 20-day exponential moving average ($10,759) on Sep. 15 and is now wanting to maintain over the $11,000 opposition. This might be encouraging as additional the purchase price moves out of the present lows at $9,835 the harder it will likely be when it comes to bears to resume the modification.
BTC/USD day-to-day chart. Origin: TradingView
The following two levels where bears might attempt to stall the recovery are at the 50-day simple going average ($11,269) and above it during the downtrend range.
Although the BTC/USD pair converts down from either among these overhead resistances, the bears will need to cut through several assistance amounts to attain $9,835, that will be probably be an arduous task.
The general power list has actually broken from its downtrend range and has crossed more than into positive area, which suggests that the energy is with the bulls. If bulls can push the cost above $11,700, a rally to $12,460 is likely.
Ether (ETH) dipped underneath the $366 support these days but rebounded from $354.381. This shows your bulls tend to be accumulating at lower levels. They today attempt to press the purchase price over the moving averages.
ETH/USD daily chart. Resource: TradingView
If they succeed, the ETH/USD pair could rally towards 61.8percent Fibonacci retracement standard of $419.473. This level could behave as a stiff opposition if the bulls can press the purchase price above it, a retest regarding the $480–$488.134 weight is probable.
This bullish view would be invalidated if the set turns straight down from the going averages and pauses below $353.43. These types of a move probably will attract further attempting to sell which could drag the price down to the critical support at $308.392.
XRP has once again bounced off the $0.235688 help today, which confirms your bulls tend to be defending this level aggressively. But continued retests of a support level will weaken it.
XRP/USD daily chart. Source: TradingView
The 20-day EMA ($0.252) is sloping down as well as the RSI is in the bad territory, which suggests that bears have the top hand.
If bears can sink the price underneath the $0.235688–$0.229582 help area, the selling is likely to intensify. Next support regarding disadvantage is a lot lower at $0.19.
The initial sign of power is a breakout and close (UTC time) above the 20-day EMA and a rest above the downtrend range will signal the resumption associated with the up-move.
Polkadot (DOT) turned down from $5.5761 on Sep. 14, that will be just below the 61.8per cent Fibonacci retracement amount of $5.5899. This shows that the bears are available on rallies.
DOT/USD everyday chart. Resource: TradingView
The DOT/USD pair happens to be investing inside an increasing wedge pattern. A breakdown and close (UTC time) underneath the wedge could result in a fall to $4 and then to $3.5321. In the event that set bounces down this assistance, after that a couple of days of range-bound action is possible.
As opposed to this assumption, in the event that set rises from existing amounts and pauses over the wedge, the uptrend probably will resume. The initial target on upside is $6.50 and above it $6.8619.
Bitcoin money (BCH) broke over the $235.05 weight on Sep.15, however the bulls couldn’t clear the 20-day EMA ($240) challenge, which implies the bears are selling on pullbacks to this amount.
BCH/USD day-to-day chart. Supply: TradingView
But the bears haven’t been capable break the $215 help for the past day or two, which ultimately shows that attempting to sell is drying out up at reduced amounts.
The BCH/USD set has reached the $235.05 opposition and bulls will once more attempt to drive the cost above it. Should they achieve driving the purchase price over the 20-day EMA, it will raise the possibility of a rally to $260 and then to $280.
Failure to rise and maintain above $235.05 will keep the pair range-bound for some more days.
Binance Coin (BNB) formed a doji candlestick structure on Sep. 14, which revealed indecision on the list of bulls additionally the bears. The failure to sustain the price above the $32 opposition attracted revenue scheduling by short-term dealers and dragged the cost down seriously to $26.7123.
BNB/USD daily chart. Origin: TradingView
But even after the razor-sharp fall on Sep. 15, both going averages tend to be sloping up-and the RSI is in the positive area, which suggests that benefit continues to be with the bulls.
The bulls purchased the plunge to $25.82 these days, which will show demand at lower levels. They will certainly now yet again try to drive the purchase price above the $32–$34 resistance. If they succeed, a retest of this all-time highs at $39.5941 is probably.
If the BNB/USD set does not go above the $32–$34 area, several days of range-bound activity can be done. The advantage will move in favor of the bears if pair dips below $25.
Chainlink (LINK) smashed underneath the uptrend line on Sep. 15 while the bears will today try to sink the purchase price to a higher support at $8.908. A rest below this support could cause a fall to $7 then to $5.
LINK/USD day-to-day chart. Resource: TradingView
The downsloping 20-day EMA ($12.66) and also the RSI in unfavorable area shows that the bears possess upper hand.
However, if the bulls can very quickly push the purchase price straight back over the uptrend line, it will claim that these are typically collecting at reduced levels.
1st indication of power is going to be a breakout and close (UTC time) above $13.28 while the uptrend probably will resume after the LINK/USD pair rises over the downtrend range.
Crypto.com Coin (CRO) has increased above both going averages, nevertheless the bears are not likely to give in quickly. They will certainly make an effort to stall the up-move within downtrend range.
CRO/USD daily chart. Resource: TradingView
If CRO/USD set converts down from the downtrend line and breaks underneath the going averages, a retest of $0.144743 is achievable. A dysfunction with this assistance will signal the possibilities of a deeper autumn to $0.11.
But if the bulls propel the purchase price above the downtrend line, a proceed to $0.183416 after which to the highs at $0.191101 is likely. A breakout of $0.191101 will signal the start of the following knee of uptrend.
Litecoin (LTC) turned-down from $50.2979 on Sep. 15, which ultimately shows that the bears are aggressively defending the $50–$51 zone. Should they can sink and maintain the price below the trendline, a drop to $45.1626 is probably.
LTC/USD daily chart. Resource: TradingView
The 20-day EMA ($51) is sloping down together with RSI is in the negative territory, which implies that bears have the upper hand. In the event that $45.1626 assistance fails to hold, the decrease can increase into the crucial assistance at $39.
Despite this assumption, if the LTC/USD set rebounds from the existing levels and increases above the $51–$53 opposition area, it’ll signal that the correction features possibly ended. Initial target objective from the upside is $64 then $68.9008.
Bitcoin SV (BSV) features about already been exchanging involving the $160–$170 range the previous day or two, which implies indecision one of the traders.
BSV/USD daily chart. Supply: TradingView
If bears sink and maintain the cost below $160, the BSV/USD pair could drop on critical assistance at $146.20. The bears have not been in a position to break this support since March, ergo, the bulls will probably defend this level once more.
However, if the attempting to sell pressure picks up and the pair slips underneath the $146.20–$135 assistance, it will signal the start of a downtrend that has a target goal of $100 and then $77.
This bearish view may be invalidated in the event that pair appears from present amounts and breaks over the downtrend range.
The views and viewpoints expressed listed here are exclusively those associated with the writer and don’t necessarily reflect the views of Cointelegraph. Every financial investment and trading move requires threat. You should carry out your research when making a decision.
Marketplace data is supplied by HitBTC trade.
Posted at Wed, 16 Sep 2020 21:30:00 +0000
Author: by Alfred Camarro · 2020-09-18
Nigeria’s SEC Says All Cryptocurrency Assets Are Securities by Default
Nigeria’s SEC Says All Cryptocurrency Assets Are Securities by Default – The chief financial watchdog of Nigeria will treat cryptocurrencies and token offerings as forms of security until proven otherwise.
In a statement signed Friday, the Securities and Exchange Commission (SEC) of Africa’s most populous country said all crypto assets will fall under the regulation that covers securities exchanges and transactions on exchanges.
It added that the burden of proof will be on issuers themselves to show the regulator, in an initial assessment filing, how their particular digital asset doesn’t count as a security.
“The position of the Commission is that virtual crypto assets are securities unless proven otherwise,” the SEC said.
Read also: SEC, ICPC marshal out plans to combat crime
The SEC confirmed all forms of digital asset offering taking place in the country, as well as participating individuals and companies, acting for themselves or on behalf of others, will be subject to its regulatory guidelines and approval.
As well as clarifying in no uncertain terms whose jurisdiction cryptocurrencies fall into, the move might also cover all bases and ensure even offerings that don’t meet the criteria as a securities sale still register and file with the SEC.
It may also be an attempt to better control overseas offerings. Issuers that are based in countries without reciprocal investment agreements with Nigeria, such as the U.S., could be compelled to set up a local branch in the country.
Nigeria isn’t the first African nation aligning digital asset offerings with existing securities guidance. South Africa published a policy paper in April that called for all token offerings to adhere to traditional regulation as much as possible.
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Author: About Sam Gabriel