Share: XRP price observed some increase in the past day but not enough to initiate a recovery rally. Until XRP holders begin accumulating again, the chance of a rally akin to the end of October is unlikely. The Head of Payments Product at Ripple … [Continue reading]
Kyber Network calls recent $54 million hack “one of the most sophisticated in the history of DeFi”
Share: Kyber Network witnessed a massive hack this week that resulted in the loss of more than $54.7 million worth of assets. Ambient Finance founder, in his investigation, stated that the attack was the most complex and carefully engineered smart … [Continue reading]
US Dollar weakened after mixed S&P PMIs, focus shifts to PCE figures from October
Share: The DXY Index declined to 103.45, a 0.30% loss. The index will tally a 0.30% weekly loss as well. S&P PMIs showed a mixed outlook, with the manufacturing sector weakening and the service sector expanding. The US Dollar (USD) is receding … [Continue reading]
Canadian Dollar sees a late topside break on Friday as Canadian Retail Sales beat the Street
Share: The Canadian Dollar found its highest bids in nearly six weeks on data beats. Retail Sales in Canada gave a surprise 0.6% jump in September. The Loonie is firmer across the board on Friday. The Canadian Dollar (CAD) found some bullish … [Continue reading]
Belgium Leading Indicator meets forecasts (-15) in November
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]
EUR/USD to stabilise around 1.0900 – ING
Share: Eurozone growth pessimism may have peaked. However, economists at ING do not expect EUR/USD to enjoy further gains for the time being. Rate differentials still point to a weaker EUR/USD Thursday's PMIs suggested the worst in the Eurozone's … [Continue reading]
Japan Leading Economic Index came in at 108.9, above expectations (108.7) in September
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]
Ethereum price reclaims $2,000, but it will likely fail to breach a seven-month-old barrier
Share: Ethereum price is unable to find enough support from investors to push the altcoin beyond $2,142. Institutional investors did pour money into ETH this past month, but year to date, they are still noting $55 million worth of outflows. Whales, … [Continue reading]
EUR/JPY Price Analysis: Surpasses the Tenkan-Sen, hovers around 163.00
Share: EUR/JPY sees a 0.19% rise, maintaining a position below the YTD high of 164.30 amid US and Japan holidays. For further bullish momentum, EUR/JPY needs to breach 164.00; downside risks include a potential drop towards 161.25 support. The … [Continue reading]
Mexican Peso recovers slightly amid US holiday, traders eye Banxico’s minutes
Share: Mexican Peso halts two-day losing streak against USD, with USD/MXN trading down on the day. Mexico's inflation data was mixed ahead of the release of Banxico's last meeting minutes. USD/MXN to remain trading range-bound amid low volume due … [Continue reading]