Share: The AUD/JPY saw a late break higher in Friday's broad-market sentiment recovery. The Aussie is catching a bounce from the 200-hour SMA and a rising trendline. The technicals are leaning bullish with more upside on the cards, but headwinds … [Continue reading]
US Dollar closes its worst week since July as investors bet on a dovish Fed
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not … [Continue reading]
New Zealand Dollar continues climbing against US Dollar
Share: The New Zealand Dollar trades higher against the US Dollar but lower versus the Yen on Friday. The Kiwi is supported by a relatively benign outlook for inflation amongst most counterparts. NZD/USD establishes a floor and rebounds, … [Continue reading]
Oil: Saudi Arabia will extend its production cuts into 2024 if they want prices to remain above $80 – ANZ
Share: Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as growth in non-OPEC supply has more than offset strong demand. … [Continue reading]
SushiSwap partnership for native Bitcoin swaps fails to trigger SUSHI rally
Share: Sushi has partnered with ZetaChain to explore native Bitcoin swaps for users across 30 blockchain networks. Experts believe Bitcoin users could gain exposure to DeFi in a native manner through the integration. SUSHI price yielded … [Continue reading]
EUR/USD could still advance to 1.0945 – UOB
Share: The continuation of the upside momentum could lift EUR/USD to the 1.0945 level in the near term, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: We noted yesterday that “the … [Continue reading]
Kaspa price jumps 15% as Binance listing makes KAS too big to ignore
Share: Kaspa price has jumped 15% in the last 24 hours, nearly 70% on the week to test the $0.1400 psychological level. The pump comes on news that Binance exchange is listing KAS, making the altcoin available for perpetual trading. After the … [Continue reading]
Here’s why Litecoin price remains unchanged despite recording 1 million transactions in one day
Share: Litecoin price on November 14 noted no change, and neither did the volume, even though 1 million transactions were recorded on-chain. Nearly 88% of the transactions were worth less than $1 and were mainly comprised of first-time active … [Continue reading]
GBP/USD edges higher amid US economic slowdown, expectations for Fed cuts
Share: GBP/USD rises more than 0.20% due to a deteriorating economic outlook in the US. US jobless claims exceeding forecasts portray the labor market is easing. Federal Reserve officials pushed back against rate cuts next year, with investors … [Continue reading]
EUR/USD: Gains through 1.0885 should trigger another leg higher – Scotiabank
Share: EUR/USD is just about trading in the green on the day. Economists at Scotiabank analyze the pair’s outlook. Upside risks remain In broad terms, data surprise trends are improving for the EUR and weakening somewhat for the USD – a trend that … [Continue reading]