The Federal Reserve is laying the ground to shrink the size of upcoming interest rate hikes, weighed on the US Dollar. Falling US bond yields undermined the USD and boosted the EUR. The EURUSD is downward biased, though a break above 0.9900, could … [Continue reading]
Assessing the Ethereum Classic price and its’ bounce-worthy potential
Ethereum Classic price has been down 50% since September. ETC price hovers over a key Fibonacci level The uptrend depends on the $20 liquidity zone remaining unbreached. Ethereum Classic price is at an appetizing level that could reward early … [Continue reading]
WTI turns positive, hovering around $85.00 a barrel as the US Dollar tumbles
Western Texas Intermediate (WTI) s set to finish the week with losses of 0.55%. China’s demand and a soft US Dollar underpinned oil prices. WTI buyers unable to crack the 50-day EMA keeps the commodity downward biased. WTI is about to finish … [Continue reading]
Silver Price Analysis: XAG/USD strengthens and rallies past $19.00
Silver prices extend recovery to reach levels beyond $19.00. The US dollar dives on Fed easing speculation. XAG/USD is now at a key resistance area of $19.30. Silver prices have extended Thursday’s rebound from $18.30 lows on Friday, breaking beyond … [Continue reading]
European Monetary Union CFTC EUR NC Net Positions increased to €48.1K from previous €37.5K
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]
US: Economy likely rebounded in Q3, still seen a mild recession next year – Wells Fargo
Next week, on Thursday the first estimate of US Q3 GDP growth data will be released. Analysts at Wells Fargo forecast the economy expected at an annualized rate of 2.8%, after two negative quarters. They still see a recession next year. Key … [Continue reading]
EUR/JPY Price Analysis: Room for extra upside near term
EUR/JPY adds to Thursday’s gains and prints new highs. Further upside could target the 149.80 region in the short term. EUR/JPY extends the optimism seen in the second half of the week and advances to new cycle highs around 147.60 on … [Continue reading]
USD/JPY: Nobody knows if the BoJ intervened at 150 – Commerzbank
The Japanese yen weakened through 150 per US dollar for the first time since 1990 yesterday. Did the Bank of Japan (BoJ) intervene? In truth, nobody knows, economists at Commerzbank report. Hidden interventions cannot be systematically … [Continue reading]
US Dollar Price Analysis: Bulls are moving in towards Thursday’s highs
DXY bulls are moving in and extending the US rally. US yields are also perky, fuelling the bid. In trade on Thursday, the US dollar and US bond yields rose, with the US 2-year topping the highest since 2008 at 4.614%. Federal … [Continue reading]
USDC supply falls to a 10-month low while FDIC head suggests more restrictions on stablecoin issuance
The Acting Chair of the Federal Deposit Insurance Corporation (FDIC) calls for the limitation of stablecoin issuance to permissioned blockchains. The FDIC head also suggested a KYC for nodes and validators in order to ensure AML/CTF compliance. Over … [Continue reading]