Share: USD/JPY trades stable in the 141.80 area after hitting its highest point since November 2022. US Stock and bond markets are closed on Juneteenth celebrations. Eyes on economic data from the US, Chair Powell's testimony on Wednesday. … [Continue reading]
Euro remains on the defensive and supported near 1.0920
Share: Euro's daily decline seems to have met initial support near 1.0920. Stocks markets in Europe remain weak on concerns around China. ECB I. Schnabel argued that inflation outlook is tilted to the upside. US markets are closed due to the … [Continue reading]
Euro losses some traction and retreats from recent peaks around 1.0970
Share: Euro slips back to the 1.0930 region amidst tepid dollar’s recovery. Stocks markets in Europe kick in the week with small retracements. ECB speak will take centre stage later the session. US markets are closed due to the Juneteenth holiday. … [Continue reading]
GBP/JPY oscillates in a range just below multi-year top, awaits UK CPI and BoE later this week
Share: GBP/JPY is seen consolidating its recent strong gains to the highest level since December 2015. The BoJ-BoE policy divergence is seen as a key factor that continues to lend support to the cross. Bulls now await the UK consumer inflation … [Continue reading]
US-China diplomats held candid talks, agree to meet again
Share: US Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang on Sunday held what both called candid and constructive talks on their differences from Taiwan to trade but seemed to agree on little beyond keeping the conversation … [Continue reading]
Binance issues legally enforceable order to scammer entity amid ongoing battle with US SEC
Share: Nigerian SEC released a circular on June 9 stating the illegality of Binance Nigeria Limited in the country. Reportedly, the entity mentioned in the circular is not affiliated with Binance Exchange. Binance.com has issued a cease and desist … [Continue reading]
Ethereum foray into NFT inscriptions could drive ETH transactions fees higher
Share: Ethereum unleashed a groundbreaking innovation based on NFT inscriptions. Bitcoin also has its own inscriptions that let users attach content to individual satoshis on the BTC network. Ethscriptions debuted with 10,000 Ethereum punk … [Continue reading]
Binance.US victory against the SEC makes XRP holders visualize a win of their own
Share: Binance.US prevailed against the SEC’s application for a TRO when Judge Jackson consented to continued operations in the US. The victory has kept XRP holders’ eyes peeled as chatter over an imminent ruling continues. Crypto fund manager … [Continue reading]
Breaking: Binance to continue US operations
Share: Binance Exchange has received permission to continue operating in the United States. The approval comes after Judge Jackson gave a consent order in a June 17 filing. The crypto exchange’s operations will run as usual, as it continues to … [Continue reading]
Fantom price rises by 15%, but investors still await a rally to May highs for this reason
Share: Fantom price observed a relatively quicker recovery in comparison to other altcoins trading at $0.27. FTM investors are facing a demand wall at $0.43 breaching, which would turn 1.08 billion FTM profitable again. This would reinvigorate … [Continue reading]