AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor … [Continue reading]
SEC moves forward on rules for tokenized securities trading, prioritizes “innovation without arbitrage”
The US Securities and Exchange Commission (SEC) is developing a regulatory framework for the listing and trading of tokenized securities. The agency seeks to integrate blockchain-based assets into traditional financial markets without creating … [Continue reading]
Philippine Peso: BSP tightening path supports PHP – UOB
UOB economists Julia Goh and Loke Siew Ting note that Philippine inflation unexpectedly eased in May but remains above the Bangko Sentral ng Pilipinas (BSP) target, keeping risks tilted to the upside. They expect the BSP to deliver a 25bps hike to … [Continue reading]
New Zealand Dollar plunges to two-month lows after upbeat US NFP report
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market … [Continue reading]
South Korean Won: Semiconductor pullback weighs on KRW – DBS
DBS Group Research’s Chang Wei Liang highlights that USD/KRW has pushed above 1530 as weakness in semiconductor stocks adds pressure on the Korean Won. He links KRW softness to foreign investor profit-taking after a sharp KOSPI rally and warns that … [Continue reading]
Silver Price Forecast: XAG crashes toward 200-day SMA, eyes $61.00
Silver (XAG/USD) price tanks and challenges the 200-day Simple Moving Average (SMA) near $67.79 on Friday, as the white metal registers a daily loss of nearly 8% and is poised to end the week down by almost 10%, amid a stronger-than-expected US … [Continue reading]
Philippines: BSP seen staying hawkish on inflation – Standard Chartered
Standard Chartered economists Jonathan Koh and Edward Lee revise their Bangko Sentral ng Pilipinas (BSP) policy rate path, dropping expectations for a 50bps off-cycle hike before the 18 June meeting. They still project a 50bps increase in June and … [Continue reading]
XRP nears key support as derivatives sell-off outweighs modest ETF inflows
Ripple (XRP) extends its downtrend, trading around $1.09 at the time of writing on Friday, its lowest level since November 2024. The cross-border remittance token’s free fall since the week began aligns with a broader crypto market sell-off, with … [Continue reading]
XRP extends downtrend toward $1.00 as derivatives data underscore bearish sentiment
Ripple (XRP) extends its downtrend, trading around $1.09 at the time of writing on Friday, its lowest level since November 2024. The cross-border remittance token’s free fall since the week began aligns with a broader crypto market sell-off, with … [Continue reading]
Canada Ivey Purchasing Managers Index s.a came in at 58.2, above expectations (55) in May
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor … [Continue reading]