Share: The EUR/USD is about to its lowest weekly close since June, below 1.0900. Analysts at Rabobank see risks of the pair moving toward 1.06 on a six-month view. Key quotes: While the USD has recently found support from the ‘higher … [Continue reading]
Gas: Risks skewed to upside – ANZ
Share: Gas market is shifting to a more balance position. However, economists at ANZ Bank note supply risks that could lead to further upside in prices. Striking fear into Gas markets Supply-side issues are once again back in focus in the global … [Continue reading]
Brent will not break out of the yearly range of $72 to $88 just yet – Rabobank
Share: Brent Crude held a continuous rally from $74/bbl to $85/bbl over the month of July. Economists at Rabobank analyze Oil outlook. Brent will trade between $72 and $88 until Q4 Despite this impressive move driven by reduced Russian crude … [Continue reading]
GBP/JPY Price Analysis: Remains on the defensive around 185.20 ahead of UK Retail Sales
Share: GBP/JPY cross trades within an ascending trend-channel on the one-hour chart. The next support level is located at 184.35; the first resistance level is seen at 185.70. The Relative Strength Index (RSI) and MACD stand in bearish territory. … [Continue reading]
AUD/USD recovers further from YTD low, retakes 0.6400 mark and beyond on softer USD
Share: AUD/USD gains positive traction on Friday and snaps an eight-day losing streak to the YTD low. Hope for more stimulus from China prompts intraday short-covering amid a mildly weaker USD. The Fed's hawkish outlook and looming recession risks … [Continue reading]
Forex Today: Dollar recovers after short-lived pullback, Wall Street slides again
Share: Friday will be a relatively quiet day in terms of economic data. During the Asian session, Japan will release the National Consumer Price Index, which is expected to show a slowdown from 3.3% to 2.5%. Later in the day, the UK will report … [Continue reading]
UK regulatory body mandates collection of information about cryptoasset transfers from September 1
Share: United Kingdom’s Financial Conduct Authority (FCA) will be enforcing the “Travel Rule” starting next month. The regulations set out by the Financial Action Task Force will mandate crypto businesses to collect, verify and share information … [Continue reading]
Coinbase Layer 2 BASE hosts 500 scam tokens, amounting to $3.7 million in trade volume
Share: Coinbase’s Layer 2 blockchain BASE has more than 500 scam tokens deployed on it. Scammers have netted nearly $2 million in profit, according to a report by crypto intelligence firm Solidus Labs. Scam tokens have generated nearly $3.7 … [Continue reading]
Ripple opposes SEC’s motion to file an appeal, argues there is no underlying legal rule to justify the move
Share: Ripple and its executives opposed the SEC’s motion to file an appeal in the lawsuit. Ripple argues that there is no legal rule to back the SEC’s contention that the court reached the wrong result in applying the Howey Test to XRP. SEC vs. … [Continue reading]
Cardano price nearing June lows could extend the losses for more than 3.8 million investors
Share: Cardano price is trading at $0.27 after declining over the past week to hit $0.26. The daily average number of investors that conduct a transaction online is consistently falling, hitting a 13-month high this week. Over 86% of all ADA … [Continue reading]