Share: EUR/USD comes under some selling pressure on Tuesday amid a modest USD strength. Rebounding US bond yields underpins the USD; less hawkish Fed expectations cap gains. Traders now look to the US CPI for some impetus ahead of the ECB decision … [Continue reading]
EUR/USD Price Analysis: Bulls lead the pair above the 1.0700 mark, amid the US Dollar weakness
Share: The softer US Dollar is boosting the four-day rally, with eyes on the 50-DMA. Receding aggressive Fed tightening bets keep EUR/USD elevated. US CPI to provide the next directional bias for EUR/USD. EUR/USD price took a sharp … [Continue reading]
Forex Today: Dollar extends slide as markets reconsider Fed’s next move
Share: Here is what you need to know on Tuesday, March 14: The collapse of Silicon Valley Bank (SVB) and Signature Bank hit markets unexpectedly, creating a confidence crisis that continues to spread. The Federal Reserve announced it will make … [Continue reading]
Gold surges to $1,913 amid increasing market volatility and risk
Share: The XAU/USD (Gold) commodity starts the week positively, trading at $1,906.70, up by 2.11% on the day. Increased market volatility and rising risk led to a surge in demand for safe-haven assets like Gold. Technical indicators, such as the … [Continue reading]
Polkadot price is up 8%, but will it sustain the bullish momentum?
Share: Polkadot price is up 8% after obtaining bullish momentum at $5.37, but the uptick seems unsustainable. Overhead pressure from the 100-day EMA at $6.09 could dissuade the rally. The bearish contention will be invalidated if the … [Continue reading]
USD/TRY: Relentless Lira depreciation trend in the background to persist – Commerzbank
Share: The Turkish Lira is deceptively stable on a day-by-day basis. But, the slow and steady depreciation trend very much persists in the background, Tatha Ghose, FX Analyst at Commerzbank, reports. Slow, creeping Lira depreciation takes its … [Continue reading]
Federal Reserve: Expect no rate hike in March – Goldman Sachs
Share: The US Dollar has come under renewed selling pressure in Asia this Monday after Goldman Sachs revised downward its expectations of the US Federal Reserve (Fed) rate hike outlook, in the face of the Silicon Valley Bank (SBV) fallout. Key … [Continue reading]
Regulators close Signature bank, announce plan to make depositors whole
Share: “New York state's Department of Financial Services said on Sunday it has taken possession of New York-based Signature Bank and appointed the U.S. Federal Deposit Insurance Corp as receiver, the second bank failure in a matter of days,” … [Continue reading]
Bitcoin price makes comeback above $20,000 after $422 million in BTC options were liquidated
Share: Bitcoin price had a brief stint below the $20,000 level and nearly $422 million in long and short positions was liquidated. BTC nosedived to a five-week low in response to the tumultuous events of the week, however whales continued … [Continue reading]
Why Charles Hoskinson believes algorithmic stablecoins are key to realizing Satoshi’s vision of Bitcoin
Share: Cardano founder Charles Hoskinson believes despite the uncertainty surrounding algorithmic stablecoins they may be key to Satoshi’s vision. In response to USDC depegging, Hoskinson argued that banks will let users down as long as they … [Continue reading]