Terra Luna Classic price has dropped 32% after a rejection from a stiff seller congestion zone. LUNC could extend fall 30% this week amid a bearish market and the ecosystem’s legal tussle. The hearing between Terraform Labs and the SEC will take … [Continue reading]
Gold glides lower as US Dollar flexes muscles, traders await FOMC decision
Gold is subdued amid a robust US Dollar in anticipation of the Fed's monetary policy announcement. Traders are waiting for the Federal Reserve's statement and economic forecasts. Concerns over potential adjustments in the Federal Funds Rate … [Continue reading]
Mexican Peso trims losses against US Dollar after solid US housing data
Mexican Peso weakens in early North American trading as US Dollar gains strength. Mexican data is mixed though the economy finished 2023 on a higher note. Central bank divergence between Fed and Banxico could bolster USD/MXN pair. The Mexican Peso … [Continue reading]
USD/JPY: Yen selling unlikely to persist – MUFG
Economists at MUFG Bank analyze Japanese Yen (JPY) outlook after the Bank of Japan (BoJ) policy announcement. Will Yen selling persist after BoJ policy changes? We see limits to the extent of Yen selling that can take place from here. Of course, … [Continue reading]
USD/CAD Price Analysis: Rises above 1.3550 ahead of Canadian CPI, Fed policy
USD/CAD climbs above 1.3550 amid uncertainty ahead of key events. Canadian inflation is forecasted to have accelerated in February. Investors will keenly focus on the Fed’s interest rate guidance. The USD/CAD pair jumps to 1.3550 in Tuesday’s … [Continue reading]
BoJ hikes interest rate to 0%, scraps YCC
Following the conclusion of its two-day monetary policy meeting on Tuesday, the Bank of Japan (BoJ) board members decided to lift the interest rate by 10 basis points (bps) from -0.1% to 0% for the first time since 2007. The central bank ended … [Continue reading]
GBP/USD attracts some sellers below the mid-1.2700s, all eyes on Fed, BoE rate decision
GBP/USD remains on the defensive near 1.2726 amid the stronger USD and risk-off mood. Fed is likely to maintain its monetary policy for a fifth straight time at its March meeting. BoE is expected to leave rates unchanged at 5.25% on Thursday, with … [Continue reading]
Bitcoin Price Outlook: Will BTC Slump go as low as to retest TradFi whales’ entry at $54,600 before halving?
Bitcoin’s new large wallet investors have bought BTC at an average price of $56,400, mostly via Spot ETFs. Bitcoin’s realized capitalization data shows nearly 50% of realized cap is dominated by short-term holders, new investors. BTC halving is 30 … [Continue reading]
AUD/JPY Price Analysis: Refreshes weekly high near 98.00 ahead of BoJ-RBA policy decisions
AUD/JPY jumps to 98.00 as the BoJ is expected to delay plans of exiting an ultra-dovish stance. BoJ Ueda manifested a bleak assessment of Japan’s economic outlook. The RBA is expected to keep its OCR steady at 4.35%. The AUD/JPY pair prints a … [Continue reading]
Eurozone Harmonized Index of Consumer Prices (YoY) in line with forecasts (2.6%) in February
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]