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]
BoE: A 25 bps hike would send EUR/GBP back up towards July’s peak at 0.8650 – SocGen
Share: EUR/GBP to 0.8650 or 0.8550? Economists at Société Générale analyze how the pair could react to the upcoming Bank of England Interest Rate Decision. 25 bps MPC hike is likely, and GBP/USD is vulnerable A 50 bps hike could … [Continue reading]
Gold Price Forecast: $1,915 in sight for XAU/USD ahead of key US Data – Confluence Detector
Share: Gold Price seesaws at three-week low after breaking key supports, having wide open space towards the south. Firmer US data, risk-off mood underpin bearish bias about XAU/USD. US ISM Services PMI, Federal Reserve concerns eyed for clear … [Continue reading]
BRICS addition of new nations may speed up de-dollarisation. What is the future of Bitcoin?
Share: Over 20 countries have applied to join BRICS, a group of world economies comprising Brazil, Russia, India, China, and South Africa. The move could make for a strong financial reset given the need for a common currency as the dedollarisation … [Continue reading]
Silver Price Analysis: Bears take over and the XAG/USD loses the 20 and 100-day SMA
Share: XAG/USD fell below $24.00, seeing losses of 2.40%. US private employment beat estimates in July. Higher US yields and a stronger dollar are driving commodities prices lower. On Wednesday’s session, the XAG/USD Silver spot price fell to its … [Continue reading]
Denmark Currency Reserves down to 602.8B in July from previous 604.8B
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]
Why Litecoin price could crash nearly 50% ahead of third LTC halving event
Litecoin (LTC) is ready to undergo the third halving event, which will reduce its block rewards from 12.5 LTC to 6.25 LTC. Taking a closer look at Litecoin price a month before the halving reveals an interesting outlook that could predict the fate of … [Continue reading]
Gold Futures: A deeper drop seems unlikely
Share: Considering advanced prints from CME Group for gold futures markets, open interest extended the downtrend and this time dropped by around 4.5K contracts on Tuesday. Volume, instead, reversed two consecutive daily pullbacks and increased by … [Continue reading]
BoJ’s Uchida: Japan is now at a phase where it’s important to patiently maintain easy policy
Share: Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said early Wednesday, “Japan is now at a phase where it's important to patiently maintain easy policy.” Additional quotes At present, risk of losing chance to hit price target with … [Continue reading]
Shiba Inu price sustains uptrend after 2 billion SHIB tokens burned across July
Share: Shiba Inu price has managed to sustain along an uptrend line over the last month, steadily recording higher highs and higher lows. The surge is attributed to the network's commitment to a burn mechanism, among other bullish … [Continue reading]