Share: EUR/USD whipped in hectic Friday action following Eurozone inflation, US labor data. European inflation continues to hamper the ECB, while US jobs data beat the street. EUR/USD wraps up the week near 1.0940. The EUR/USD fell to a three-week … [Continue reading]
Bitcoin Weekly Forecast: Analyzing possible short term implication of possible spot ETF approval on BTC price
Share: Bitcoin price remains lull as it continues to consolidate within the weekly supply zone between $40,467 and $46,999. An approval, rejection, or delayed decision on spot BTC ETF applications could shove BTC out of the order block. With the … [Continue reading]
Bitcoin price hovers around $43,800 as US Nonfarm Payrolls defies expectations, rising by 216,000
Share: Bitcoin price has remained largely unchanged, merely falling to $42,500 during the intra-day lows. Nonfarm Payrolls in the United States rose by 216,000 in December against the expectations of 170,000. Some sell-off is generally the norm … [Continue reading]
Euro area HICP inflation rises to 2.9% in December vs. 3% expected
Share: Annual HICP inflation in the Euro area climbed to 2.9% in December. EUR/USD stays in negative territory slightly above 1.0900. Inflation in the Euro area, as measured by the change in the Harmonized Index of Consumer Prices, rose to 2.9% on … [Continue reading]
Gold price consolidates in a narrow range above weekly low, US NFP awaited
Share: Gold price extends its sideways consolidative price move for the second successive day on Friday. Reduced bets for more aggressive policy easing by the Fed seem to cap the upside for the metal. Traders also seem reluctant to place … [Continue reading]
Bitcoin price recovers to $44,000 as VanEck, Grayscale, etc, register ETF securities with SEC
Share: Bitcoin price climbed back 3% on Thursday after falling below $41,000 yesterday owing to the Matrixport FUD. In the last two days, VanEck, Grayscale and Fidelity have filed for registration of securities with the SEC. The approval hype … [Continue reading]
Forex Today: Dollar trimmed some gains amidst pre-NFP prudence
Share: The greenback appears to have taken a break following the strong start of the new trading year on Thursday. In the upcoming Asian trading hours, investors are expected to remain vigilant on the final Services PMI in Japan as well as the … [Continue reading]
United States EIA Crude Oil Stocks Change came in at -5.503M, below expectations (-3.725M) in December 29
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]
ADP Employment Report Preview: Steady job gains in December could add to soft-landing narrative
Share: The ADP survey is expected to show the US private sector added 115K new positions in December. The data is relevant ahead of the Nonfarm Payrolls report to be out on Friday. Recent Private Payrolls align with the Federal Reserve’s view … [Continue reading]
Australian Dollar hovers around a major level ahead of US employment data
Share: Australian Dollar faced challenges on risk-off mood and bearish commodity prices. Australian Services and Composite PMI reduced to 47.1 and 46.9, respectively, in December. China Services PMI rose to 52.9 in December, exceeding the 51.6 … [Continue reading]