Friday's session saw NZD/USD rally 0.61% to trade around 0.5930. Price action shows recent gains and a recovery to the 20-day SMA, indicating potential for a reversal. Indicators look promising and approaching positive areas so the pair may see … [Continue reading]
Cardano’s ADA, JTO, NEON lead $570 million unlock week ahead of massive $3 billion in further December unlocks
The crypto market is set to witness unlocks worth $3.5 billion in December. Tokenomist data revealed a $574 million unlock among several crypto projects next week. Jito will be the major focus of the unlocks with a $490 million supply hike. … [Continue reading]
Mexico Fiscal Balance, pesos climbed from previous -161.09B to 37.66B in October
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]
Dow Jones Industrial Average climbs to fresh record on Friday
The Dow Jones finds room to move higher on thin Friday. November set to close as the Dow Jones’ best-performing month of the year. Another data-laden NFP week looms ahead over the horizon. The Dow Jones Industrial Average (DJIA) explored territory … [Continue reading]
Gold gains on haven demand due to rise in geopolitical risk
Gold rises on increased haven flows as geopolitical hotspots light up. Israel breaks its ceasefire agreement by attacking Hezbollah, and Putin threatens to use nuclear-capable missiles on Ukraine. XAU/USD is technically crawling up a … [Continue reading]
United Kingdom M4 Money Supply (YoY) declined to 3% in October from previous 3.5%
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]
Japanese Yen advances to over one-month high against USD amid December BoJ rate hike bets
The Japanese Yen rallied as a stronger Tokyo CPI lifted December BoJ rate hike bets. The USD hits a fresh two-week low and drags USD/JPY to over a two-month trough. The technical setup supports prospects for an extension of the pair's … [Continue reading]
Mexican Peso rallies as trade war jitters calm
Mexican Peso strengthened after Trump – Sheinbaum’s call, reversing some of the losses spurred by Trump's earlier threats. Banxico minutes reflect a possibility of further interest rate adjustments based on the inflation outlook. Fed’s favorite … [Continue reading]
Canadian Dollar traders water with markets broadly shuttered for US holiday
The Canadian Dollar is mostly flat near familiar territory on Thursday. Canada GDP figures due Friday to draw some attention from Loonie traders. Market volumes are notably thin with US markets shuttered for Thanksgiving. The Canadian Dollar (CAD) … [Continue reading]
EUR/CAD Price Analysis: Bears rejected pair at 20-day and 200-day SMA convergence
EUR/CAD shed 0.30% on Thursday to trade near 1.4770. The cross faced rejection at the 20-day and 200-day SMA convergence at around 1.4800, completing a bearish crossover. The bearish crossover tends to be bearish sign, hinting at further weakness in … [Continue reading]