Binance CEO Changpeng Zhao tweeted about Kevin O’Leary’s shift from hating crypto to advocating it. Kevin O’Leary defends his pivot by saying that he was an investor in crypto due to the changing regulatory landscape. CZ, however, calls ex-FTX CEO … [Continue reading]
FTT price rallies by 25% as FTX founder Sam Bankman-Fried suggests issuing new token
FTX former CEO Sam Bankman-Fried agreed with a Twitter post of allotting 100% of the profits to token holders. Sam Bankman-Fried also blamed the fallout of the FTX buyout by Binance on the latter exchange's CEO, Changpeng Zhao. FTT price shot up by … [Continue reading]
The Block’s CEO resigns as $27 million in loans from Sam Bankman Fried’s Alameda Research come to light
The Block’s former head Michael McCaffrey, discreetly borrowed funds from Alameda Research on three different occasions. The revelation of loans led to McCaffrey being asked to step down, as The Block leadership team denied any prior knowledge … [Continue reading]
Australia CFTC AUD NC Net Positions up to $-40.6K from previous $-44.6K
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]
Russia Consumer Price Index (MoM) increased to 0.4% in November from previous 0.18%
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 could trade well under 130 by late 2023 – ING
A weak growth environment and a clear drop in bond yields should lift the Japanese Yen. Thus, economists at ING expect the USD/JPY to drop under 130 by late 2023. Too early to expect the CNY to lead the Asian FX complex substantially higher “While it … [Continue reading]
Lasting rise in equity markets no sooner than the first half of 2023 – Natixis
How long until US share prices can be expected to recover? As long as no end to the rise in interest rates is in sight, there can be no lasting equity market recovery, in the view of analysts at Natixis. No lasting recovery in the share prices under … [Continue reading]
GBP/JPY Price Analysis: Bears resist to return even as bulls retreat from 167.50 hurdle
GBP/JPY snaps two-day uptrend, struggles around 1.5-month-old resistance line, 200-SMA and weekly horizontal hurdle. Sluggish MACD signals, one-week-old support line restrict seller’s entry. Bulls need to cross 167.50 to aim for double tops around … [Continue reading]
EUR/USD aims to test weekly highs around 1.0600 ahead of US forward inflation indicator
EUR/USD is eying more upside towards a weekly high at 1.0600 amid a cheerful market mood. The US Treasury yields have extended their gains to near 3.49% as the Fed is set to hike the interest rate further. The ECB is looking to hike interest rates by … [Continue reading]
Gold Price Forecast: Aiming for $1,800 as US Dollar weakness continues
XAU/USD Current price: $1,790.01 The better tone of US indexes weighs on the American Dollar on a quiet day. Uncertainty about what central banks will do next week spurs caution. XAU/USD biased higher in the near term, although speculative interest … [Continue reading]