Friday's trading session saw the NZD/JPY pair resuming its losses, exacerbating the bearish momentum. Cross ends the week with a near 2% loss. Sellers are pointing towards the 100-day SMA. In Friday's trading session, the NZD/JPY pair extended its … [Continue reading]
Binance to begin investing customer fiat funds in US Treasuries
Binance received a court approval that enables the exchange to invest customer funds in US Treasury bills Crypto community shows enthusiasm towards the announcement of the court approval. BNB is up 5% in the past 24 hours. Binance received court … [Continue reading]
Gold price stumbles beneath $2,400 drops to five-day low
Gold drops to $2,399, down 1.50%, after hitting a high of $2,447. Concerns over China's economic growth and Trump's election prospects boost the Greenback. US Dollar Index rises to 104.34, up 0.18%; US Treasury yields climb, with 10-year note at … [Continue reading]
United Kingdom CFTC GBP NC Net Positions: £132.9K vs £84.7K
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]
United States CFTC Gold NC Net Positions rose from previous $254.8K to $285K
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]
Mexican Peso plunges to two-week low as USD/MXN reclaims 18.00
Mexican Peso plunges more than 2.30% in the week. Mexico’s creditworthiness remains solid as Fitch reaffirms Mexico's BBB rating but warns about the judiciary reform. Trump's comments on immigration and automotive industry relocation impact Mexican … [Continue reading]
EUR/USD Weekly Forecast: US Dollar can turn bullish on upbeat growth and inflation data
The European Central Bank failed to motivate investors with an uneventful monetary policy announcement. The United States will release updates on the Gross Domestic Product and inflation next week. EUR/USD in a corrective slide, 1.0800 must hold for … [Continue reading]
ECB review: Lagarde says pretty much what was expected – Commerzbank
The ECB decision and the subsequent press conference by ECB President Christine Lagarde were essentially non-events in terms of content. The ECB is largely satisfied with the inflation trend, Commerbank’s FX strategist Ulrich Leuchtmann notes. … [Continue reading]
Bitcoin Weekly Forecast: Will BTC continue its bullish momentum?
Billionaire investor Mark Cuban discussed on Twitter on Wednesday Silicon Valley's growing support for former President Trump. U.S. spot Bitcoin ETFs saw their fourth straight day of inflows on Thursday, totaling $84.80 million. On-chain data … [Continue reading]
Japanese Yen remains muted following the latest inflation data
The Japanese Yen remains silent after the release of mixed inflation data on Friday. Japan's National Consumer Price Index held steady at 2.8% in June, remaining at the highest level since February. The US Dollar extends gains despite the dovish … [Continue reading]