Indicators flash oversold conditions on the daily chart. Contrarily, hourly chart indicators suggest a slow return of bullish impulse as the bears might have run out of steam. In Friday's session, the NZD/USD declined just below the 0.6000 … [Continue reading]
Gold fails to capitalize on falling yields amidst US Dollar rebound
Gold prices see second day of decline, falling to $2,159 after peaking at an all-time high of $2,223. The Federal Reserve's dovish stance on interest rates keeps US yields down, except for US Dollar. Odds for Fed rate cut in June remain above 70% via … [Continue reading]
Forecasting the Coming Week: Markets remain focused on inflation
The Dollar ended its second straight week of gains on the back of the broad-based knee-jerk in US yields across the curve, reclaiming the area beyond the 104.00 barrier and maintaining the risk complex under further pressure. The Fed and the BoE … [Continue reading]
DYDX tackles TVL decline by integrating Slinky in hopes of price recovery
DYDX is integrating Slinky in the process of building its own application chain. DYDX has seen a nearly 5% decline in the Total Value of assets Locked on its Layer 1 blockchain this week. The price of the native token of DYDX exchange is down … [Continue reading]
Russian Rouble to weaken steadily over the long term – Commerzbank
The Russian Central Bank (CBR) meets today. Economists at Commerzbank analyze Rouble’s (RUB) outlook ahead of the decision. No rate cut from CBR No (polled) analyst is expecting a change to the Russian Central Bank’s main rate from the current … [Continue reading]
Australian Dollar plunges amid a higher US Dollar, awaits Fed Chair Powell’s speech
Australian Dollar extends losses amid an improved US Dollar on Friday. The decline in the ASX 200 could have undermined the Australian Dollar. S&P Global Manufacturing PMI rose to 52.5 against the expected 51.7 and 52.2 prior. The Australian … [Continue reading]
Japan inflation: National CPI climbs to 2.8% YoY in February vs. 2.2% prior
Japan’s National Consumer Price Index (CPI) for February climbed to 2.8% YoY from 2.2% in January, according to the latest data released by the Japan Statistics Bureau on Friday.Further details unveil that the National CPI ex Fresh food … [Continue reading]
Mexico Central Bank Interest Rate in line with expectations (11%)
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 EIA Natural Gas Storage Change above expectations (4B) in March 15: Actual (7B)
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]
BlackRock to launch tokenized fund on Ethereum as battle for ETF intensifies
Investment giant BlackRock says it wants to bridge TradFi and the crypto market. Ethereum is up 11% amid speculations of a real world assets bull run. ETH is a commodity and not a security, says Coinbase's chief legal officer. Ethereum (ETH) … [Continue reading]