Share: EUR/GBP trades mildly lower at 0.8596 after hitting a high of 0.8620. Daily chart indicators hint at strengthening selling momentum: RSI is in negative terrain, and MACD's histogram depicts rising red bars. The four-hour chart affirms a … [Continue reading]
Canada CPI Preview: Increasing inflation could lead markets to trim BoC rate cut bets
Share: The Canadian Consumer Price Index is seen growing 3.3% YoY in December. The BoC released its Business Outlook Survey (BOS). The Canadian Dollar navigates the area of four-week lows against the US Dollar. Canada is set to release important … [Continue reading]
ECB’s Villeroy: Too early to declare victory over inflation
Share: Speaking at the World Economic Forum (WEF) in Davos on Tuesday, European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said that it is “too early to declare victory over … [Continue reading]
GBP/USD edges lower to near 1.2690 on risk aversion, Governor Bailey’s testimony cancels
Share: GBP/USD loses ground on risk aversion as escalation of the Middle East conflict is possible. The Pound Sterling faces challenges before the release of UK labor data on Tuesday. Governor Bailey’s testimony has been canceled; traders will … [Continue reading]
Euro sees green on Monday, but mostly flat against holiday-stricken Greenback
Share: The Euro is seeing gains across the major currency board amidst US market holiday. European Industrial Production declined in November, but it was still highest print in three months. ECB President Lagarde due to appear several times at … [Continue reading]
Canadian Dollar spreads on quiet Monday, Loonie eases against Greenback amidst holiday trading
Share: The Canadian Dollar is broadly mixed on the day but slides against US Dollar. Bank of Canada Business Outlook Survey shows further declines in sentiment. Canada CPI inflation is due out Tuesday. The Canadian Dollar (CAD) is mixed against … [Continue reading]
Chainlink faces one hurdle on path to $20, on-chain metrics signal price rally
Share: Chainlink on-chain metrics show dwindling exchange reserves and a likely reduction in selling pressure on LINK. LINK price likely faces resistance at $17.64 and $18.82, on its uptrend towards the $20 target. Chainlink price … [Continue reading]
Maker whale transactions pick up pace in January, large wallets accumulate MKR
Share: Maker worth $66.66 million was accumulated by ten different wallet addresses in the past month. MKR price rallied nearly 60% in the past month, climbing to a 22-month peak of $2,267 on January 11. Maker supply on exchanges has hit its … [Continue reading]
Indonesia Trade Balance registered at $3.3B above expectations ($1.92B) in December
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]
ECB’s Lane: Central bank nominates June ‘key data’ for rate cuts
Share: The European Central Bank (ECB) chief economist Philip Lane said in an interview on Saturday that the central bank will have key data by June to decide on the first of a likely series of interest rate cuts, but going too fast may prove … [Continue reading]