Share: Grayscale Bitcoin Trust (GBTC) has seen $484 million in outflows on Friday as GBTC holders capitalize on open redemption options. With it Bitcoin price has also dropped upwards of 7%. In hindsight, the Grayscale Bitcoin Trust … [Continue reading]
EUR/JPY Price Analysis: Falls to two-day lows below 159.00, as bears loom
Share: EUR/JPY's loss may indicate a bearish shift, with a possible close below Ichimoku Cloud signaling further downtrend. Immediate support levels include 159.50 and Tenkan-Sen at 157.62, with significant downside risk at Kijun Sen at 156.64. For … [Continue reading]
Canadian Dollar sees mixed results on Friday, softer overall on the week
Share: Canadian Dollar (USD) sees slight gains against US Dollar following US PPI miss. Canada economic calendar empty of meaningful data until next Tuesday’s CPI. Crude Oil up again on supply chain fears. The Canadian Dollar is a mixed bag in … [Continue reading]
GBP/USD needs to push under 1.26 decisively to put a negative spin on price action – Scotiabank
Share: GBP underperforms after mixed GDP data for November. Economists at Scotiabank analyze Cable’s outlook. Intraday support is 1.2690/1.2700 UK November GDP rose a stronger than expected 0.3% MoM but fell slightly more than forecast in the 3M/3M … [Continue reading]
Ripple drops IPO plan, eyes buy back of $285 million privately owned shares
Share: Ripple has dropped its IPO plans and is currently in the process of buying back $285 million private shares. Ripple CEO Brad Garlinghouse reveals Ripple’s plan to buy back shares on a regular basis to provide liquidity to … [Continue reading]
WTI rises as US, UK attack Iran-backed Houthi’s targets, trades near $73.50
Share: WTI price moves upward over the escalation of the Israel-Gaza conflict. US and UK military forces have carried out air strikes against various Houthi locations in Yemen. Iran has captured a civilian oil tanker “Marshall Islands-flagged St … [Continue reading]
Gold Price Forecast: XAU/USD recovers some lost ground above $2,030, focus on Chinese CPI, PPI data
Share: Gold price trades in negative territory for the second consecutive week near $2,030. The US Consumer Price Index (CPI) report came in higher than expected on Thursday. Futures traders see the Federal Reserve (Fed) potentially delaying its … [Continue reading]
NZD/JPY rises to fresh highs since early December, consolidation incoming
Share: NZD/JPY pair currently posts minor losses at 90.70. Daily RSI hovers in the bullish area while the MACD's histogram exhibits signs of slowing buyer momentum. Indicators in the four-hour chart are decelerating. On Thursday's session, the … [Continue reading]
Silver Price Analysis: XAG/USD falls below $23 after stubbornly higher US Inflation report
Share: Silver price skids below $23.00 as US Inflation remains stubbornly higher-than-projected. Monthly headline and core inflation grew by 0.3%. The argue in favour of keeping a restrictive policy stance would get strengthen ahead. Silver price … [Continue reading]
EUR/PLN to settle below 4.34 – ING
Share: The Polish Zloty (PLN) has suffered in recent days. Economists at ING analyze PLN outlook. PLN is now the only currency in the CEE region supported by higher rates PLN is now the only currency in the CEE region supported by higher rates. On … [Continue reading]