Share: X, formerly Twitter, received the Rhode Island Currency Transmission License, necessary for trading crypto assets. Being the biggest social media platform, X would be exposing crypto trading to over 400 million users worldwide. X first made … [Continue reading]
Mexico Gross Domestic Product (QoQ) below expectations (0.9%) in 2Q: Actual (0.8%)
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]
FX option expiries for Aug 29 NY cut
Share: FX option expiries for Aug 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0725 1b 1.0775 440m 1.0800 2.1b 1.0830 477m 1.0845 407m 1.0855 462m … [Continue reading]
Solana-based Dapp Clockwork set to shut down a month after NFT protocol Cardinal goes under
Share: Solana-based DeFi application Clockwork will be winding down its nodes on the mainnet by October 31. Clockwork developers cited the same reason as NFT protocol Cardinal for shutting down - lack of commercial upside. The DeFi market’s … [Continue reading]
EUR/USD: Euro bulls approach 1.0850 as US Dollar traces softer yields, focus on German/US statistics
Share: EUR/USD edges higher after snapping two-day downtrend at 11-week low. Euro ignores German exporters’ pessimism amid hawkish comments from French FinMin. US Dollar fails to extend Jackson Hole inspired gains as traders await top-tier … [Continue reading]
NZD/USD rises above 0.5900, bears still in command
Share: NZD/USD rose back above 0.5900, displaying nearly 0.20% gains. The USD DXY and US yields are retreating after sharply rising on Friday following Powell’s speech. Eyes on labour market and economic activity figures from the US. On … [Continue reading]
USD Index Price Analysis: Further upside could retest 104.70
Share: DXY trims part of the recent two-day advance. Bulls remain focused on the May high in the 104.70 zone. DXY comes under pressure and confronts the key support at the 104.00 region at the beginning of the week. Immediately to the upside turns … [Continue reading]
Australia: Retail Sales rebound, but underlying momentum is weak – ANZ
Share: Analysts at Australia and New Zealand Banking Group (ANZ) provide their afterthoughts on the Australian monthly Retail Sales data. Key quotes “Retail sales came in stronger than expected, rising 0.5% m/m in July. Though this was not enough to … [Continue reading]
EUR/JPY extends its upside above the 158.30 area, eyes on Eurozone CPI, ECB meeting minutes
Share: EUR/JPY gains momentum above the 158.30 area, supported by the European Central Bank (ECB) hawkish comments. ECB President Lagarde would set rates at restrictive levels to achieve inflation to the target of 2%. Japanese policymakers said … [Continue reading]
USD/CHF retraces from a multi-week high, holds above 0.8840, eyes on Swiss CPI/ US NFP
Share: USD/CHF holds below the mid-0.8800s after retreating from a multi-week high of 0.8876. Fed Chairman Jerome Powell said they are prepared to raise interest rates further, if necessary. Chinese authorities would reduce the 0.1% duty on stock … [Continue reading]