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Veselin Petkov

About the author

Veselin Petkov

With Alpari since 2017

Veselin received his higher education in Sofia, Bulgaria, at the University of National and World Economics, graduating with a Bachelor's degree in 2003, and with a Master's in Finance in 2007. He received a second Master's degree from the University of Vienna's Economics department in 2008.

Veselin started working on financial markets in 2006, starting out as an analyst for an investment fund that managed assets on European stock exchanges.

From 2013 to 2016, he worked at Alpari as a teacher and Forex analyst.

In 2016, Veselin was writing analytical reviews of the currency market for a trading portal.

The analysis of fundamentals, candlesticks, and charts is central to Veselin's work.

His hobbies include running, cycling and travelling.

Analyst's publications

19 July 2018

Market sessions

Veselin Petkov

Forex market review (19/07/18)

Yesterday evening at 21:00 (GMT+3), the US Fed published its Beige Book. The report cited modest economic growth and noted that the employment market is nearing saturation. It also mentions that US businesses expect consumer prices to grow at a moderate pace over the next few months.

Further info

18 July 2018

Cryptocurrencies

Veselin Petkov

Bitcoin forecast (18/07/18)

Bitcoin has risen by more than 10% in the last 24 hours. BTCUSD was trading at around 6,700 USD yesterday morning, while today the pair is trading at around 7,400 USD. The cryptocurrency’s growth yesterday came as quite a surprise; hardly anyone had been expecting such a sharp intraday jump.

Further info

Market sessions

Veselin Petkov

Forex market review (18/07/18)

Yesterday evening, the US dollar got a boost from Fed Chair Jerome Powell’s speech, causing it to rise. The Fed Chair, citing solid economic growth and improving employment situation, made the case for continuing with the process of tightening monetary policy.

Further info

17 July 2018

Commodities

Veselin Petkov

Brent oil price analysis (17/07/18)

Brent oil is currently trading at 71.88 USD a barrel. This marks a correction of around 10% on black gold over the last week.

Further info

Cryptocurrencies

Veselin Petkov

Lightning Network capacity tops 500,000 USD

For the first time since its launch, the Lightning Network’s (LN) capacity has surpassed 500,000 USD. According to lnmainnet.gaben.win, the network’s total capacity at the time of writing stands at 509,824 USD.

Further info

Market sessions

Veselin Petkov

Forex market review (17/07/18)

This morning, the 17th of July, the EURUSD pair is trading at 1.1714 as we await the opening of the European session, which puts the euro slightly up (about 20 pips) over the last 24 hours. I don’t think that this growth over the last 24 hours is part of any kind of purposeful movement, but is rather just a pullback.

Further info

16 July 2018

Cryptocurrencies

Veselin Petkov

Bitcoin’s SegWit gaining momentum

The SegWit update to Bitcoin’s protocol is slowly gathering momentum. According to data from TransactionFee.info, on the 14th of July, the percentage of bitcoin transactions using the SegWit protocol broke the 40% mark.

Further info

11 July 2018

Cryptocurrencies

Veselin Petkov

Bitcoin forecast (11/07/18)

Bitcoin is currently trading at 6,341 USD on the Bitfinex exchange. This marks a 3.28% decline from yesterday.

Further info

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