Ethereum price tried breaking above the 55-day SMA this week. ETH fades and could break down from this rally since the end of November. The importance of the weekly close will be key, with any close below the 55-day SMA opening up the risk for an 18% … [Continue reading]
Japan set to ease 30% crypto tax whereas US FSOC demands congressional action on digital assets
Japan Liberal Democratic Party approved an earlier proposal to initiate tax reform to promote the growth of crypto in the country. The United States Financial Stability Oversight Council suggested taking action against crypto, citing FTX … [Continue reading]
Grayscale spot ETF susceptible to “fraud and manipulation”, says SEC, reiterates its rejection
Grayscale recently filed a lawsuit against the Securities and Exchange Commission, citing “unfair” and “harsh treatment” towards spot ETF. The Securities and Exchange Commission filed its reply brief claiming lack of oversight over spot ETFs make … [Continue reading]
Australia CFTC AUD NC Net Positions up to $-37.8K from previous $-40.6K
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]
European Monetary Union CFTC EUR NC Net Positions: €124.7K vs previous €124.9K
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]
AUD/USD Price Analysis: Struggles at the 20-day EMA, drops below 0.6700
Risk aversion weighed on high-beta currencies like the Australian Dollar. Global central banks hiking rates and eyeing additional increases sounded recession alarms, dampening investors’ mood. AUD/USD Price Analysis: Downward biased, after tumbling … [Continue reading]
EUR/USD fluctuates around 1.0620s on softer US PMIs, and risk aversion
S&P Global PMIs in the United States sparked recession jitters and bolstered the US Dollar. Eurozone data was better than estimated, though inflation remains high, while PMIs in contractionary territory. EUR/USD Price Analysis: Daily close below … [Continue reading]
SNB: Situation in Switzerland will be of greater significance for the FX market – Commerzbank
The Swiss central bankers once again changed their intervention strategy. In the opinion of economists at Commerzbank, the situation in Switzerland will be of greater significance for the FX market. The Franc will become a currency that is more … [Continue reading]
NZD/USD faces barricades around 0.6380 as Fed’s hawkish guidance provokes a US recession
NZD/USD has sensed selling pressure while stretching its recovery above 0.6370 amid broader pessimism. The Federal Reserve is considering wage inflation a major trigger that could propel general inflation. The New Zealand Dollar is going to display … [Continue reading]
USD/JPY bears move in at resistance 137.80
USD/JPY bears are moving in within the sideways consolidation. The Fed is weighing on risk sentiment, supportive of the US Dollar. USD/JPY is under pressure in Asia, attempting to correct the US Dollar's rally from the prior day. At the … [Continue reading]