Share: Lido DAO price is trading with a bullish bias ahead of the Shanghai Upgrade. LDO could rise 30% amid the upgrade’s ‘sell the news’ event. A decisive break below the 50-day EMA at $2.42 could invalidate the bullish thesis. Lido DAO price … [Continue reading]
EUR/USD tumbled in late trading, yet printed 0.61% gains for the week
Share: EUR/USD hovers around 1.0900 after hitting a low of 1.0876. US Nonfarm Payrolls rose below forecast but cemented the case for a 25 bps Fed rate hike. ECB’s Knot: Further rate hikes need, and no rate cuts in 2023. The EUR/USD falls during … [Continue reading]
US Nonfarm Payrolls turn out to be a non-event for Bitcoin and Ethereum
Share: Bitcoin and Ethereum prices failed to move in response to the US March jobs report. US Nonfarm Payrolls showed a decline in job growth, rising 236,000 v. expectation of 240,000. Market participants likely priced in the jobs … [Continue reading]
GBP/USD Forecast: No signs of life in Pound Sterling
Share: GBP/USD trades virtually unchanged slightly below 1.2450 on Friday. The pair remains on track to end the fourth straight week in positive territory. Nonfarm Payrolls in the US are expected to rise by 240K in March. GBP/USD has gone into a … [Continue reading]
Japan FinMin Suzuki: I hope the BoJ maintains suitable policy
Share: Japan’s Finance Minister (FinMin) Shunichi Suzuki praised the efforts of Bank of Japan’s (BoJ) outgoing Governor Haruhiko Kuroda early Friday. “Bank of Japan outgoing governor Haruhiko Kuroda's monetary stimulus has achieved major results … [Continue reading]
EUR/USD Forecast: Bullish but capped ahead of NFP
Share: Euro outperforms in a quiet session on Thursday. US data points to a softer labor market, NFP due on Friday. EUR/USD biased to the upside, likely to face resistance around 1.0950. The EUR/USD rose on a quiet day, retaking 1.0900 … [Continue reading]
Fed’s Bullard: Inflation is going to be “sticky” going forward
Share: St. Louis Federal Reserve President James Bullard said on Thursday he thinks inflation is going to be sticky going forward. Regarding monetary policy, he considers that interest rates are currently at the low end of a sufficiently restrictive … [Continue reading]
Arbitrum revises controversial proposal as the Layer 2 solution matches Ethereum in daily transactions
Share: Arbitrum, despite having its airdrop two weeks ago, is noting daily transactions equal to Ethereum. The Foundation acknowledged the rejection of AIP-1 and stated it would not move any of the remaining 700 million ARB. Following the 17% drop … [Continue reading]
AUD/USD skids below 0.6700 amid Sino-US tensions over Taiwan, US NFP hogs limelight
Share: AUD/USD has surrendered the immediate support of 0.6700 as US-China tension has strengthened the risk-off mood. Federal Reserve to remain steady amid deepening US recession fears and cooling US labor market. Reserve Bank of Australia has … [Continue reading]
China Caixin Services PMI beats, supportive of AUD/USD´s near-term outlook
Share: The Caixin Services PMI, released by Markit Economics, has been released as follows: China Caixin Services PMI March: 57.8 (est 55.0; prev 55.0). Caixing Composit PMI March: 54.5 (prev 54.2). AUD/USD update AUD/USD remains tucked in on … [Continue reading]