Following the conclusion of its two-day monetary policy meeting on Tuesday, the Bank of Japan (BoJ) board members decided to lift the interest rate by 10 basis points (bps) from -0.1% to 0% for the first time since 2007. The central bank ended … [Continue reading]
GBP/USD attracts some sellers below the mid-1.2700s, all eyes on Fed, BoE rate decision
GBP/USD remains on the defensive near 1.2726 amid the stronger USD and risk-off mood. Fed is likely to maintain its monetary policy for a fifth straight time at its March meeting. BoE is expected to leave rates unchanged at 5.25% on Thursday, with … [Continue reading]
Bitcoin Price Outlook: Will BTC Slump go as low as to retest TradFi whales’ entry at $54,600 before halving?
Bitcoin’s new large wallet investors have bought BTC at an average price of $56,400, mostly via Spot ETFs. Bitcoin’s realized capitalization data shows nearly 50% of realized cap is dominated by short-term holders, new investors. BTC halving is 30 … [Continue reading]
AUD/JPY Price Analysis: Refreshes weekly high near 98.00 ahead of BoJ-RBA policy decisions
AUD/JPY jumps to 98.00 as the BoJ is expected to delay plans of exiting an ultra-dovish stance. BoJ Ueda manifested a bleak assessment of Japan’s economic outlook. The RBA is expected to keep its OCR steady at 4.35%. The AUD/JPY pair prints a … [Continue reading]
Eurozone Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.6%) in February
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/INR drifts lower ahead of Fed rate decision
Indian Rupee edges higher on Monday on the weaker USD. The optimistic Indian economic outlook and the continuous foreign inflows boost the Indian Rupee. The US Fed interest rate decision on Wednesday will be in the spotlight. Indian … [Continue reading]
BoJ announces unscheduled bond buying operation
The Bank of Japan (BoJ) announced on Monday that it will conduct an unscheduled bond operation, offering to buy 3 trillion yen of bonds (JGBs) in an agreement starting on Tuesday and ending on Thursday. Market reaction The Japanese Yen is … [Continue reading]
Layer 1 chains with over a million daily active users likely to see gains in coming weeks
TRON, Near Protocol, BNB Chain, and Solana have over a million daily active users. The Layer 1 chains see massive usage from USD Tether and likely onboard a large volume of new users to blockchain. NEAR price is up nearly 13% in the past … [Continue reading]
Bitcoin price decline below $65,000 liquidates over $125 million in long positions in 24 hours
Bitcoin price nosedived to a low of $64,533 on Saturday, liquidating several long positions. $125 million in long positions were liquidated in the past day. BTC price made a comeback above $65,000 early on Sunday. Bitcoin, the … [Continue reading]
Arbitrum price dips post massive token unlock, mass sell-off drives ARB decline
Arbitrum token unlock was followed by an ARB price correction as airdrop receivers deposit over $16 million worth of tokens to Binance. Wallets that deposited ARB to Binance hold nearly 33 million Arbitrum tokens and further deposits and … [Continue reading]