GBP/USD at 1.2910, stable despite US political developments, after touching high of 1.2942. Technicals: GBP/USD finds support at 1.2894, consolidating from highs. Bullish momentum holds; RSI positive with resistance at 1.2950, 1.3044 and supports at … [Continue reading]
Pound Sterling remains firm despite poor UK Retail Sales boots BoE rate-cut bets
The Pound Sterling steadies against the US Dollar ahead of a US data-packed week. Growing speculation for Trump’s victory has improved the US Dollar’s appeal. A sharp decline in UK Retail Sales has boosted BoE rate-cut hopes. The Pound Sterling … [Continue reading]
FX option expiries for July 20 NY cut
FX option expiries for July 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0845 584m 1.0925 617m 1.0950 919m 1.0975 1.1b GBP/USD: GBP amounts 1.2940 554m 1.2975 502m … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1335 vs. 7.1315 previous
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]
US President Joe Biden stands down from reelection, endorses Kamala Harris
Following a long week of political turmoil, United States (US) President Joe Biden announced on Sunday that he will end his reelection bid and will speak to the nation later this week in more detail about his decision. Throughout the last couple of … [Continue reading]
ALT, WLD, ENA, ID set for $200 million token unlocks next week
The circulating supply of ALT, WLD and ID will see a hike next week, with over $200 million unlocks in sight. All tokens involved in upcoming unlocks are up in the past 24 hours. ALT will see the highest unlock share, with $115 million worth of new … [Continue reading]
Why these altcoins may not rise despite Ethereum ETF impact
Altcoins market cap against Ethereum has been on a multi-year decline. Ethereum has outperformed several altcoins despite wider market assumptions that they provide leveraged exposure to its price. 2x long ETH could yield better results than … [Continue reading]
Institutions anticipate potential Tuesday Ethereum ETF launch after making strategic moves
Grayscale lowered its Ethereum Mini Trust fees to 0.15% in a bid to reduce potential outflows from ETHE when ETH ETFs go live. Galaxy Digital increased its staked Ethereum assets to $3.3 billion after acquiring CryptoManufaktur, reveals CoinDesk. … [Continue reading]
NZD/USD Price Analysis: Pair gave up and lost the 0.6070 vital area
NZD/USD trudges below the 0.6070 level, marking its worst week since January. The pair closed at 0.6010, indicating a weekly loss of approximately 1.80%. NZD/USD remains under the key SMA of 20, 100, and 200 days, pointing to a sustained bearish … [Continue reading]
Australian Dollar tallies weekly losses, RBA hawkish stance to limit the downside
AUD/USD registered a significant drop on Friday, slipping below 0.6700. Employment data continues to shape possible RBA and Federal Reserve decisions. The Aussie’s downside is limited by the hawkish RBA stance which hasn’t shown signs of embracing … [Continue reading]