Share: Chainlink price, despite the decline, has sustained above $6, right above the crucial support line at $5.9. LINK investors have exhibited patience throughout the recent crash, which kept them from witnessing significant losses. The MVRV … [Continue reading]
FTX debtors’ personal data compromised in bankruptcy hack; FBI partakes in investigation
Share: FTX, Genesis and BlockFi customers' are said to be vulnerable to phishing scams that could seek unauthorized access to their wallets. Legal service provider Kroll revealed that it suspects the attack took place on August 19, which could have … [Continue reading]
GBP/USD slides to two-month lows amid global economic woes, hawkish Fed stance
Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation … [Continue reading]
US Dollar Index: Climbs above 104.00 as Powell’s hawkish tone reverberates through markets
Share: DXY climbed 0.18% to 104.197 after Powell’s hawkish remarks, signaling a stronger dollar against a basket of six major currencies. CME FedWatch Tool indicates a 46.7% chance of a 25 bps rate hike in November, challenging previous estimates … [Continue reading]
AUD/USD: Decline seems somewhat excessive – Danske Bank
Share: AUD/USD declined sharply following the surge in worries related to the Chinese real estate sector and financial stability. Economists at Danske Bank analyze the pair’s outlook. Latest decline seems overdone from relative rates perspective … [Continue reading]
EUR/CHF: 0.9500 level to be a solid barrier towards preventing further gains in Franc – Citi
Share: EUR/CHF has weakened since since mid-January. But downside momentum seems to be fading, economists at Citi report. Has CHF hit its lows against EUR? There are a number of reasons for CHF to underperform EUR over the … [Continue reading]
Asian Stock Market: Trades lower ahead of Fed’s Powell speech, Nikkei leads losses
Share: Asian stock markets open on a weak note on Friday ahead of the key event. Chinese central bank looks to target outflows and limit the amount of Yuan offshore. Japan’s Nikkei leads losses by almost 2%, dragged by tech stocks. Indonesian … [Continue reading]
Japan Corporate Service Price Index (YoY) increased to 1.7% in July from previous 1.2%
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]
USD/CHF Price Analysis: Bulls continue to gather strength ahead of Powell’s speech
Share: USD/CHF rose near 0.8840, tallying 0.70% daily gains. Thomas Barkin from Richmond’s Fed pointed out that the sooner inflation decelerates, the sooner the cuts. Jobless Claims from the US came in higher than expected. In Thursday’s session, … [Continue reading]
United States Kansas Fed Manufacturing Activity up to 12 in August from previous -20
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]