Share: Ripple price broke below the ascending trendline, interrupting a week-long recovery rally. XRP price could extend the fall by 3% to the $0.5442 support level before a possible pullback. The bearish thesis will be invalidated once the price … [Continue reading]
BlackRock holds a third as many Bitcoin as Tether after its spot ETF crosses $1 billion in volume
Share: Over the past four days of trading, BlackRock has amassed 25,067 Bitcoin worth over $1.06 billion. During the same time, about $1.08 billion worth of trading volume was recorded. Tether recently announced that it purchased 8,888 BTC in Q4 … [Continue reading]
USD/CAD should remain supported on moderate dips – Scotiabank
Share: The Canadian dollar (CAD) has gained a little ground on the session. Economists at Scotiabank analyze Loonie’s outlook. Technicals warrant attention Spot losses from the intraday high on Wednesday leave a bit of a dent in the short-term … [Continue reading]
Eurozone Current Account n.s.a increased to €31.7B in November from previous €30.05B
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]
Japan Industrial Production (YoY) down to -1.4% in November from previous 5.3%
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]
ECB’s Vasle: Market’s anticipation of rate cuts as early as spring could be premature
Share: The European Central Bank (ECB) Governing Council member Bostjan Vasle spoke at the Euromoney conference in Vienna about investor speculation regarding imminent interest rate cuts. Key quotes “For me, personally, it’s absolutely … [Continue reading]
Gold Price Forecast: XAU/USD retreats as US data strengthens USD, dampens Fed rate cut hopes
Share: Gold's downward trend continues, losing more than 1% due to strong US Retail Sales data and a surge in US Treasury yields. The upward trajectory of the US Dollar Index to a five-week high and hawkish Fed comments contribute to Gold's … [Continue reading]
USD/MXN: Mexican and US 2024 elections will add noise and can weigh on the Peso – TDS
Share: Mexican Peso’s (MXN) returns can be explained entirely by US factors. Economists at TD Securities analyze MXN outlook. US slowdown and a steep Fed cutting cycle in 2024 will allow markets to price in more cuts by Banxico MXN returns can … [Continue reading]
Loonie still expected to appreciate moderately – Commerzbank
Share: The Canadian Dollar’s (CAD) reaction to the latest inflation print for December was rather muted. Economists at Commerzbank analyze Loonie’s outlook. The BoC is unlikely to cut rates soon The figures did not surprise to the extent that the … [Continue reading]
Gold price refreshes weekly low as diminishing odds for March Fed rate cut boost US Dollar
Share: Gold price drops to a fresh weekly low amid the underlying bullish tone surrounding the USD. Reduced bets for a March Fed rate cut push the US bond yields higher and underpin the buck. The geopolitical risks and China’s economic woes could … [Continue reading]