Crypto exchange Upbit suffered a $37 million hack after one of its Solana (SOL) wallets was compromised. The exchange halted withdrawals and deposits on its platform following the incident.Upbit suffers $37 million hack via its Solana walletSouth … [Continue reading]
Gold firms in muted trading amid rising conviction of Fed cut
Gold (XAU/USD) remains firm during the North American session on Thursday amid a low-volume trading session as US markets remain closed in observance of the Thanksgiving holidays. At the time of writing, XAU/USD trades at $4,158, virtually … [Continue reading]
EUR/JPY steady as ECB minutes support Euro, Yen pressured by fiscal concerns
EUR/JPY trades around 181.25 on Thursday at the time of writing, as the market digests a mild boost for the Euro (EUR) from the latest European Central Bank (ECB) Accounts alongside a still-challenging backdrop for the Japanese Yen (JPY).The ECB … [Continue reading]
EUR/USD nudges lower with Eurozone Consumer Confidence steady
EUR/USD shows moderate losses heading into the European midday, trading near 1.1585 after rejection above 1.1600 earlier on Thursday. Eurozone Consumer Confidence data has failed to surprisinvestors although market confidence that the Federal Reserve … [Continue reading]
US Dollar Index retreats below 99.50 on rate cut expectations
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 99.45 during the early European trading hours on Thursday. The DXY … [Continue reading]
NZD/USD gathers strength above 0.5700 as New Zealand’s Retail Sales beat expectations
The NZD/USD pair extends the rally to around 0.5710 during the early Asian session on Thursday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as traders expect the US Federal Reserve (Fed) to deliver a further interest rate cut in … [Continue reading]
DOGE tests key resistance following launch of Bitwise Dogecoin ETF
Bitwise launched its Dogecoin ETF on the New York Stock Exchange (NYSE) under the ticker BWOW on Wednesday, providing investors with exposure to the price of the memecoin in an ETP structure."DOGE began as a joke and came to become an icon of the … [Continue reading]
United States EIA Natural Gas Storage Change increased to -11B in November 21 from previous -14B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/JPY picks up, nears 156.50 unfazed by BoJ tightening speculation
The Yen is showing the weakest performance of the G8 currencies on Wednesday, which is supporting the USD/JPY to trim previous losses and return to levels near 156.50. Heightened expectations that the Bank of Japan (BoJ) might raise interest rates in … [Continue reading]
Japanese Yen retreats further from one-week top against USD despite BoJ rate hike bets
The Japanese Yen (JPY) extends intraday retracement slide from a one-and-a-half-week low, touched against a weaker US Dollar (USD) this Wednesday, and refreshes its daily low during the first half of the European session. The initial market reaction … [Continue reading]