Share: Bitcoin price, despite being stuck under $30,000, is recovering in terms of dominance due to the terrible performance of altcoins. Analyst Pentoshi is of the opinion that with the stablecoin and altcoin market trending downward, the next … [Continue reading]
EUR/JPY closes the week neutral above the 20-day SMA
Share: EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00. Factory orders from June unexpectedly rise by 7%. BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains. On Friday, the EUR/JPY … [Continue reading]
EUR/USD seen falling to 1.08 on a three-month perspective – Rabobank
Share: Analysts at Rabobank see the US Dollar appreciating against the Euro and the Pound over the next few months. They point out that the relative resilience of the US economy suggests that it will be some time before monetary policy is eased. Key … [Continue reading]
US Dollar declines sharply after US July jobs report
Share: The US Dollar came under renewed selling pressure on Friday. The US Dollar Index declined below 102.00 and erased a large portion of weekly gains. US July jobs report showed a 187,000 increase in Nonfarm Payrolls in July. The US Dollar … [Continue reading]
Bitcoin options worth $530 million set to expire on Friday without bear market end in sight
Share: Bitcoin price remains largely unchanged at $29,100, with weekly option implied volatility at 25%. Half a billion dollars worth of expiring Bitcoin options contracts have a maximum pain point of $29,500, signaling the level at which losses … [Continue reading]
AUD/JPY trims a part of intraday gains to 94.00 neighbourhood, still up over 0.25% for the day
Share: AUD/JPY gains some positive traction on Friday and snaps a three-day losing streak. A positive risk tone undermines the safe-haven JPY and acts as a tailwind for the cross. Hawkish RBA Monetary Policy Statement benefits the Aussie and … [Continue reading]
USD/CAD grinds near 1.3350 despite strong options market signals as US/Canada employment data loom
Share: USD/CAD seesaws at the highest level in a month, making rounds to 1.3350 during early Friday morning in Asia, as traders await the top-tier employment statistics from the US and Canada for July. It’s worth noting that the Loonie pair trader’s … [Continue reading]
Binance defies regulatory FUD with 22 million new registered users in three months, BNB price drops 30%
Share: BNB price is down 30% since May, a three-month period that has seen 22 million new users join Binance exchange. The disparity comes amid regulatory clampdown against the exchange and its CEO Changpeng Zhao, which worsened broader bear market … [Continue reading]
United States EIA Natural Gas Storage Change came in at 14B, below expectations (17B) in July 28
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]