Share: Euro has attracted significant bids as a decline in the Fed-ECB policy divergence is widely anticipated. An interest rate hike by the ECB is expected despite fears of a recession in Europe. The energy component is expected to soften the US … [Continue reading]
USD/CAD draws support from bearish Oil prices, weaker USD to cap gains ahead of US CPI
Share: USD/CAD ticks higher for the second straight day, albeit lacks follow-through buying. Bearish Crude Oil prices undermine the Loonie and act as a tailwind for the major. The emergence of fresh USD selling bias caps gains ahead of the crucial … [Continue reading]
EUR/USD edges higher past 1.0750 as ECB garners more hawkish bets than Fed, German/US inflation eyed
Share: EUR/USD picks up bids to reverse the late Monday’s retreat from three-week high. Markets place comparatively more hawkish bets on ECB than Fed as recent US data arrives softer. Today’s German, US inflation data, ZEW Survey figures will be … [Continue reading]
GBP/USD Price Analysis: Bears test bullish commitments at key daily support area
Share: GBP/USD bears are moving and eyes are on trendline support. Bulls are firming at a prior resistance structure on the daily chart. GBP/USD bears have come into the market ahead of key economic data. UK labour market figures … [Continue reading]
CRV price at risk of collapse even as founder takes measures to fight liquidation
Share: Curve Finance CEO deposited 38 million CRV tokens into AAVE to mitigate liquidation risk. Over 30% of CRV’s circulating supply has been staked to fight the risk of price collapse. CRV price declined 22.75% in the past week in response … [Continue reading]
EUR/USD Forecast: Euro upside to remain capped ahead of key events
Share: EUR/USD edges higher to start the week. Technical outlook points to a buildup of bullish momentum. Investors could refrain from committing to a steady advance in the pair. EUR/USD advances beyond 1.0750 during the European trading … [Continue reading]
BoJ’s Wakatabe: The central bank communication would be very interesting
Share: Bank of Japan (BoJ) policymaker Masazumi Wakatabe said in a Bloomberg TV interview early Monday, “the communication would be very interesting” at the upcoming policy meeting this Friday. Key quotes “It’s still too early to call that this … [Continue reading]
Japan Producer Price Index (MoM) came in at -0.7%, below expectations (-0.2%) in May
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]
Shiba Inu price recovery uncertain as Shibarium launch likely to be delayed
Share: Shiba Inu price declined 23% over the past week amidst the crypto market bloodbath. Shiba Inu’s Layer 2 scaling solution Shibarium’s launch will potentially be delayed. The launch of Shibarium is highly anticipated in the crypto … [Continue reading]
MATIC price rallies in double-digits as Polygon network responds to the SEC’s allegations
Share: Polygon network responded to US financial regulator Securities & Exchange Commission’s litigation. The upcoming tech announcements and recent partnerships of the Layer 2 protocol fuel a bullish thesis for MATIC price … [Continue reading]