Share: GBP/USD gains ground near 1.2765, up 0.25% on the day. The bullish outlook of the pair remains intact above the key EMA; the RSI indicator stands in bullish territory above 50. The key resistance level is seen at the 1.2800–1.2805 zone; … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1087 vs. 7.1055 previous
Share: On Thursday, the People’s Bank of China (PBoC) sets the USD/CNY central rate for the trading session ahead at 7.1087 as compared to the previous day's fix of 7.1055 and 7.1667 Reuters estimates. Source … [Continue reading]
Breaking: US SEC approves Bitcoin Spot ETF
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]
Swiss Franc weakens against Pound after Bailey reiterates inflation mission
Share: The Swiss Franc declines versus the Pound Sterling after BoE governor Bailey insists on significance of lowering inflation. Bailey said households were coping better than expected and wages were rising. The GBP/CHF gains for seventh … [Continue reading]
Oil steady while EIA sees exceeding demand outstripping in 2024
Share: WTI Oil steadies near $72 after a positive close on Tuesday. Overnight API was a chunky drawdown of over 5 million barrels. The DXY US Dollar Index holds above 102.00, while traders keep powder dry ahead of Thursday’s US … [Continue reading]
ImmutableX Price Forecast: A potential 15% rally could be killed by spot Bitcoin ETF approval
Share: ImmutableX price is currently in a falling wedge, considered to be a bullish reversal pattern suggesting a 15% rally. IMX has failed a breakout twice but has sustained above the support zone, hinting at a potential shot at recovery. The … [Continue reading]
Australian Dollar grapples to surpass the psychological level despite a softer Aussie CPI
Share: Australian Dollar recovers its recent losses despite weaker Aussie consumer inflation data. Australian Monthly CPI (YoY) reduced to 4.3% in November, against the market expectation of 4.4%. US Dollar gained on risk-off sentiment despite the … [Continue reading]
Ripple price falters despite Grayscale acknowledging regulatory clarity surrounding XRP
Share: Ripple price has refused to gain momentum despite broader market optimism instigated by possible spot BTC ETF approvals. XRP could extend the fall by 2% to find support at $0.5442 before a possible correction. The bearish thesis will be … [Continue reading]
Canadian Dollar extends decline as Canadian Trade Balance backslides
Share: Canadian Dollar falls back, while US Dollar moves broadly higher. Canada International Merchandise Trade fell further than expected, Building Permits also declined. Crude Oil market recovery sees friction, limiting CAD support. The Canadian … [Continue reading]
USD/CAD: Gains through 1.3390/1.3400 will bolster near-term upside momentum – Scotiabank
Share: USD/CAD has nudged a bit higher on the session. Economists at Scotiabank analyze the pair’s outlook. Support is 1.3340 USD/CAD perks up a bit reflecting the upward trend in funds that has developed since the turn of the year. Trend … [Continue reading]