Share: US SEC’s Hester Peirce says European Regulation MiCA could serve as a “model” for the US The SEC Commissioner spoke at a Financial Times live event this week. MiCA establishes rules for crypto aimed to ensure that crypto transfers can always … [Continue reading]
Chainlink price begins potential recovery as LINK investors’ perseverance pays off
Share: Chainlink price has increased by more than 4% in the last few hours of May 13. LINK whales have shown immense control despite the drawdown phase, keeping selling to a minimum. There still is a demand wall of 422 million LINK, worth $2.7 … [Continue reading]
Binance exchange’s exit from Canada market could stomp BNB price 5% to mid-January lows
Share: Binance Exchange has announced plans to wind down operations and exit the Canadian marketplace. Exit follows new guidance related to stablecoins and investor limits provided to crypto exchanges, rendering Canada untenable for Binance. The … [Continue reading]
Argentina Consumer Price Index (MoM): 8.4% (April) vs 7.7%
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]
Silver Price Analysis: XAG/USD to reach $26 by year-end – ANZ
Share: Strategists at ANZ Bank discuss Silver's (XAG/USD) outlook. Institutional investors to come back this year “Strong fundamental backdrop and macroeconomic challenges should see institutional investors coming back this year.” “While some … [Continue reading]
Not many convincing reasons to call for GBP underperformance in the near term – ING
Share: BoE offered few reasons to turn bearish on the Pound, in the opinion of economists at ING. EUR/GBP should climb back to 0.9000 in the second half of the year “The BoE retained its flexibility and kept the door open for more rate hikes if … [Continue reading]
IMF’s Srinivasan cites uncertainty over BoJ monetary policy amid rise in inflation
Share: “The IMF warned of "uncertainty" around the direction of Japan's monetary policy, saying a possible shift from ultra-low interest rates could have a significant impact on global financial markets,” said Reuters while sharing comments from … [Continue reading]
GBP/USD marches towards 1.2600 as Fed sets to pause policy-tightening spell
Share: GBP/USD is marching towards 1.2600 as a Fed rate-cycle pause would trim Fed-BoE policy divergence. US labor market conditions carry the potential of making inflation persistent. S&P500 futures are showing further losses in early Asia, … [Continue reading]
Fed Statement: March vs May
Share: March 22May 03, 2023 Recent indicators point to Economic activity expanded at a modest growthpace in spending and production.the first quarter. Job gains have picked upbeen robust in recent months and are running at a robust pace;, and the … [Continue reading]
EUR/USD: Failure to reclaim the 1.1070 hurdle can take the pair gradually lower – SocGen
Share: EUR/USD upward momentum has deteriorated after approaching the previous multi-year trend line near 1.1070. Economists at Société Générale discuss the pair’s outlook. Defending 1.0730 is crucial for continuation in up move “A phase of … [Continue reading]