Share: ImmutableX price looks heavy as its range tightens below the 2.33 hurdle. Declining RSI combined with liquidity runs could trigger a quick 11% correction to $1.99. In a worst-case scenario, IMX could trigger a 26% crash to the … [Continue reading]
Tether to fight illicit use of stablecoins and help expand dollar hegemony globally
Share: Tether has reaffirmed commitment to aid law enforcement and regulators in combating crypto-related crime. The company will extend sanctions controls to the secondary market to ensure comprehensive security measures. Its CEO says the firm … [Continue reading]
Coinbase to challenge SEC’s ‘abdication of duty’ after financial regulator denies of petition for crypto rules
Share: SEC denied Coinbase exchange’s petition for transparent crypto rules and regulations. The commission’s chair, Gary Gensler cited ‘sufficient regulations in the market presently’ in a statement after the denial. Coinbase has committed to … [Continue reading]
USD/JPY ends the week down 2%, pinned to 142.00 after mid-week Fed pivot
Share: USD/JPY is down almost 2% from Monday’s opening bids. A pivot from the Fed saw the US Dollar decline sharply across the broader forex market. Next week pits the BoJ’s last rate call of the year against US GDP & PCE figures. The USD/JPY … [Continue reading]
Mexican Peso holds steady amid positive US data boosting the US Dollar
Share: Mexican Peso pares its losses, despite Fed official pushing back against interest rate cuts. The economy in the United States remains solid, according to a report by S&P Global. New York Fed President John Williams pushes back against … [Continue reading]
Gold is trimming gains on US Dollar’s uptick with the bullish bias intact
Share: Gold prices retreat from $2,040 although the near-term trend remains positive. The US Dollar is picking up despite the downbeat NY Empire State Manufacturing Index. The focus now is on the S&P Global PMIs. Gold price (XAU/USD) has … [Continue reading]
EUR/GBP to move modestly higher in the coming year to 0.89 – Danske Bank
Share: On Thursday, EUR/GBP declined on the back of the BoE statement but fully retraced the move following the ECB meeting. Economists at Danske Bank analyze the pair’s outlook. Push-back on rate cut expectations The Bank of England (BoE) decided … [Continue reading]
Dogecoin price eyes a quick 8% move as meme coin fever grips investors
Share: Dogecoin price looks ready to overcome the consolidation taking place between the $0.0927 to $0.1060 range. A bounce from the four-hour demand zone has kickstarted the uptrend and DOGE extend 8.80% from the current levels. A four-hour … [Continue reading]
Japan Jibun Bank Services PMI: 52 (December) vs 50.8
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]
Crude Oil continues recovery rebound, WTI reclaims $72.50
Share: WTI edged back over $72.50 on Thursday as Crude Oil tries to recover more ground. Crude markets remain steeply off recent highs. Investors remain skeptical that production caps will undercut global demand declines. West Texas Intermediate … [Continue reading]