The GBP/USD pair remains in an ascending channel pattern. The pair may face immediate resistance at the two-month high of 1.2690. The primary support appears at the nine-day EMA of 1.2597. The GBP/USD pair gains ground after registering losses in … [Continue reading]
USD/CAD posts modest gains above 1.4250 on tariff concerns
USD/CAD gains ground to around 1.4260 in Monday’s late American session. The downbeat US PMI weighs on the US Dollar, but escalating trade tension might cap its downside. Trump said tariffs on Canada and Mexico ‘will go forward’. … [Continue reading]
US Dollar steadies after geopolitical volatility
The US Dollar Index recovers earlier losses, stabilizing around 106.50. Euro pares gains after CDU leads German elections, easing political uncertainty. Markets focus on upcoming US GDP and PCE data later this week. US President Donald Trump set to … [Continue reading]
Gold near fresh all-time highs ahead of US trading session
Gold price has a new all time high in reach on Monday after US yields drop off further. The German Far-Right AfD has gained 20% of votes, though not enough to keep the CDU out of a comfortable lead. US Dollar Index trades flat with US … [Continue reading]
EUR: Optimistic reaction to German vote – ING
The German election results were broadly in line with opinion polls. The CDU/CSU is the leading party with 29%, followed by the far-right AfD at 21% and the SPD at 16%. While the CDU/CSU fared slightly worse than expected and the AfD’s growing … [Continue reading]
ECB’s Wunsch: We must not “sleepwalk” to cutting rates to 2%
European Central Bank (ECB) policymaker Pierre Wunsch told the Financial Times (FT), “I’m not pleading for a pause in April. But we must not "sleepwalk" to cutting rates to 2% without thinking about it.” Additional quotes If the data justify a rate … [Continue reading]
China unveils rural revitalisation plans in annual policy blueprint
China unveiled the State Council’s annual rural policy blueprint for 2025, known as the “No.1 document” on Sunday, outlining the priorities for further deepening rural reforms and taking solid steps in advancing all-around rural revitalization, per … [Continue reading]
Bybit’s $1.4 billion hack traced to Lazarus Group: ZachXBT
Blockchain investigator ZachXBT traced the attack on Bybit to the North Korean Lazarus Group. The hack is allegedly connected to the attack on crypto exchange Phemex in January. Bybit CEO Ben Zhou claims the exchange has secured 80% of … [Continue reading]
Crypto Today: Arkham discovers Bybit hackers wallets as BTC, ETH and top 20 altcoins lose $75B
The global crypto market plunged 2% on Friday shedding over $75 billion as markets reacted to a 400,000 ETH hack involving Bybit Exchange. Binance exchange transferred 50,000 ETH to Bybit to buffer liquidity as restore market confidence … [Continue reading]
Bitcoin Cash price prediction: BCH’s $400 rally at risk as crypto whales eye Litecoin ETF gains
Bitcoin Cash (BCH) price rose 6% before facing a 4% rejection from the $330 mark on Friday. BCH average transaction size has plunged by 67% since Feb. 3, while Litecoin’s rose 35% in the same period. The divergence between LTC and BCH whale demand … [Continue reading]