Share: XRP price rallied 17% on the weekly time frame and the altcoin sustained above support at $0.6886. Ripple CEO Brad Garlinghouse told Bloomberg Live that there is an opportunity to create value in XRP. Garlinghouse says Ripple has … [Continue reading]
Australian Dollar recovers recent losses on higher ASX 200, US Dollar remains calm
Share: Australian Dollar exhibits sideways movement with a bias to recover recent losses. Australia's S&P/ASX 200 Index mirrors the gains seen on Wall Street overnight, avoiding the upbeat US Inflation data. US CPI YoY and MoM rose by 3.2% and … [Continue reading]
ECB’s Villeroy: a June rate cut is more likely than in April
Share: European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Thursday that there is a strong case at the central bank to begin cutting interest rates in the spring as the battle against inflation is being … [Continue reading]
Bitcoin price extends rally to $73K amid “euphoric” market sentiment
Share: Bitcoin price has registered its fourth new cycle all-time high this week, now trades above $72K. Glassnode researchers attribute BTC rally to market sentiment shifting to euphoria. The market shows a healthy balance between distribution … [Continue reading]
US Dollar recovers broadly after CPI numbers fell in line with expectations
Share: The US Dollar holds on to Monday’s gain in a first step to recover last week’s losses. CPI release disappointed markets with no accelerated disinflation. The US Dollar Index trades back above 103.00 in its road to recovery. The US … [Continue reading]
BoJ to offer guidance on bond buying operation after scrapping YCC, ending negative rates – Reuters
Share: Citing four sources familiar with the Bank of Japan’s (BoJ) thinking, Reuters reported on Tuesday that the BoJ is said to offer some form of numerical guidance to markets on how much Japanese government bonds (JGB) it will continue to … [Continue reading]
Netherlands, The Consumer Price Index n.s.a (YoY) dipped from previous 3.2% to 2.8% in February
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]
Japan Suzuki: Not at a stage where Japan can avoid the risk of falling back into deflation
Share: Japanese Finance Minister Shunichi Suzuki said on Tuesday that the central bank have not reached a stage where Japan can avoid the risk of falling back into deflation. Key quotes “Positive development is seen in Japan's economy such as high … [Continue reading]
Dow Jones Industrial Average Forecast: DJIA ends Monday in the green, buoyed by 38,500.00
Share: The Dow Jones is the best of the indexes on Monday. S&P 500, NASDAQ slightly in the red as Dow Jones holds steady. Markets gear up for US CPI inflation on Tuesday. The Dow Jones Industrial Average (DJIA) is up on thin margins for … [Continue reading]
USD/JPY Price Analysis: Enters oversold territory
Share: USD/JPY enters oversold territory suggesting the chance of a pullback. The pair has fallen rapidly over recent weeks due to expectations the BoJ will raise interest rates, The pair is now probably in a short-term downtrend, … [Continue reading]