Share: USD/CAD seesaws at the highest level in a month, making rounds to 1.3350 during early Friday morning in Asia, as traders await the top-tier employment statistics from the US and Canada for July. It’s worth noting that the Loonie pair trader’s … [Continue reading]
Binance defies regulatory FUD with 22 million new registered users in three months, BNB price drops 30%
Share: BNB price is down 30% since May, a three-month period that has seen 22 million new users join Binance exchange. The disparity comes amid regulatory clampdown against the exchange and its CEO Changpeng Zhao, which worsened broader bear market … [Continue reading]
United States EIA Natural Gas Storage Change came in at 14B, below expectations (17B) in July 28
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]
BoE: A 25 bps hike would send EUR/GBP back up towards July’s peak at 0.8650 – SocGen
Share: EUR/GBP to 0.8650 or 0.8550? Economists at Société Générale analyze how the pair could react to the upcoming Bank of England Interest Rate Decision. 25 bps MPC hike is likely, and GBP/USD is vulnerable A 50 bps hike could … [Continue reading]
Gold Price Forecast: $1,915 in sight for XAU/USD ahead of key US Data – Confluence Detector
Share: Gold Price seesaws at three-week low after breaking key supports, having wide open space towards the south. Firmer US data, risk-off mood underpin bearish bias about XAU/USD. US ISM Services PMI, Federal Reserve concerns eyed for clear … [Continue reading]
BRICS addition of new nations may speed up de-dollarisation. What is the future of Bitcoin?
Share: Over 20 countries have applied to join BRICS, a group of world economies comprising Brazil, Russia, India, China, and South Africa. The move could make for a strong financial reset given the need for a common currency as the dedollarisation … [Continue reading]
Silver Price Analysis: Bears take over and the XAG/USD loses the 20 and 100-day SMA
Share: XAG/USD fell below $24.00, seeing losses of 2.40%. US private employment beat estimates in July. Higher US yields and a stronger dollar are driving commodities prices lower. On Wednesday’s session, the XAG/USD Silver spot price fell to its … [Continue reading]
Denmark Currency Reserves down to 602.8B in July from previous 604.8B
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]
Why Litecoin price could crash nearly 50% ahead of third LTC halving event
Litecoin (LTC) is ready to undergo the third halving event, which will reduce its block rewards from 12.5 LTC to 6.25 LTC. Taking a closer look at Litecoin price a month before the halving reveals an interesting outlook that could predict the fate of … [Continue reading]
Gold Futures: A deeper drop seems unlikely
Share: Considering advanced prints from CME Group for gold futures markets, open interest extended the downtrend and this time dropped by around 4.5K contracts on Tuesday. Volume, instead, reversed two consecutive daily pullbacks and increased by … [Continue reading]