Samuel-Bankman Fried ordered the co-founder of his bankrupt crypto exchange FTX to create a secret backdoor to borrow $65 billion in client funds without their permission. Gary Wang created the secret line of credit from FTX to Alameda Research … [Continue reading]
AVAX price prediction: Avalanche set to breach $19 after rising by 36% in three days
AVAX price rallied by another 7% in the last 24 hours after rising by 24% on January 11 to trade at $16.66. AVAX price is still maintaining the uptrend momentum as the MACD indicates a bearish crossover has not taken place yet. Should the bears take … [Continue reading]
Grayscale files reply brief against SEC, claim discriminative behavior against issuers
Grayscale initiated its legal proceedings against the Securities and Exchange Commission in October 2022 over the rejected conversion of GBTC into ETF. Grayscale replied to SEC’s rejection, saying the regulatory body had exceeded its … [Continue reading]
USD/CAD Price Analysis: Stalled its rally at the 100-DMA, dropped beneath 1.3400
USD/CAD finished Friday’s session with gains, though it faltered to clear 1.3400. USD/CAD Price Analysis: Exposed to selling pressure below 1.3400. The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, … [Continue reading]
AUD/USD hovers around 0.6960s in choppy trading ahead of the weekend
Consumer Sentiment in the United States improved and capped AUD/USD rally. The US last inflation report, spurred speculation that the Fed would decelerate the pace of interest rate increases. Improvement in Australia – China relations is a tailwind … [Continue reading]
KRW to remain a key beneficiary of USD weakness in the weeks ahead – TDS
Bank of Korea (BoK) decided to hike its policy rate today by 25 bps to 3.50%. Economists at TD Securities expect the Won to strengthen in the weeks ahead. Less urgency to tighten further “BoK hiked its 7-day repo rate by 25 bps to 3.50% as widely … [Continue reading]
EUR/USD Forecast: Euro correction attempts to remain limited
EUR/USD has retreated modestly following Thursday's impressive rally. Near-term technical outlook points to overbought conditions for the pair. Dovish Fed commentary could make it difficult for the US Dollar to find demand. EUR/USD has retreated to … [Continue reading]
BoJ announces a second unplanned bond purchase operation on Friday
On Friday, the Bank of Japan (BoJ) resorted to a second unplanned Japanese Government Bonds (JGB) purchase operation. Also read: BoJ announces unplanned bond-buying on Friday Key details BoJ offers to buy 100 billion yen in 3-5 year JGBs. BoJ … [Continue reading]
Australia Home Loans registered at -3.8%, below expectations (-3%) in November
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]
Forex Today: US Dollar collapses amid Fed seen hiking rates by 25 bps from now on
What you need to take care of on Friday, January 13: Financial markets spent the first half of the day extending their previous consolidative phase, finally exploding with the release of the United States Consumer Price Index (CPI). The US CPI rose … [Continue reading]