Share: In recent trade today, the People’s Bank of China (PBOC) set the yuan at 6.8659 vs. the last close of 6.8550. About the fix China maintains strict control of the yuan’s rate on the mainland. The onshore yuan (CNY) … [Continue reading]
Chilliz Price Prediction: Death to the downtrend
Share: Chiliz Price Rose by 10% in the last three days bringing the weekly gains back to 3.5% in the green CHZ Could set up a rally toward the $0.17 liquidity barrier Invalidation of the Bush thesis would arise from a breach below $0.135 Chiliz … [Continue reading]
United States 4-Week Bill Auction declined to 4.51% from previous 4.52%
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]
Bitcoin price rally fails to turn derivatives traders bullish, here’s what to expect
Share: Bitcoin and Ethereum prices on spot exchanges have risen considerably, but investor expectations in derivatives markets have not improved. BTC price resumed its uptrend in the absence of macro uncertainty, and altcoins are following … [Continue reading]
EUR/USD to climb toward 1.15, GBP/USD to 1.28 and USD/CAD to tank toward 1.26 by end-2024 – Westpac
Share: Economists at Westpac discuss the EUR, CAD and GBP outlook for 2023 and 2024. Euro is expected to grind higher through 2023 and 2024 “Euro is expected to grind higher through 2023 and 2024, to USD 1.10 and USD 1.15 at the end of each year. … [Continue reading]
AUD/USD Price Analysis: Pares Aussie-employment-induced losses, H&S highlights 0.6865 support
Share: AUD/USD rebounds from 0.6865-70 support confluence to consolidate biggest daily loss in two weeks. Convergence of head-and-shoulders’ neckline, two-month-old ascending trend line challenges bears. Buyers need validation from 21-DMA to retake … [Continue reading]
GBP/USD Price Analysis: Braces for a bumpy road to south, 200-DMA in the spotlight
Share: GBP/USD consolidates the biggest daily loss in a fortnight around weekly low. Ascending trend lines from January and last November precede 200-DMA to challenge bears. U-turn from 50-DMA, bearish MACD signals favor sellers. GBP/USD stays … [Continue reading]
United States 20-Year Bond Auction: 3.977% vs 3.678%
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: Retail Sales rise by 3% in January vs. 1.8% expected
Share: Retail Sales in the US at a stronger pace than expected in January. US Dollar Index continues to push higher toward 104.00 after the upbeat data. Retail Sales in the United States rose by 3% to $697 billion in January, the US Census Bureau … [Continue reading]
Further consolidation likely in AUD/USD for the time being – UOB
Share: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note price action in AUD/USD is now seen within the 0.6865-0.7055 range in the next few weeks. Key Quotes 24-hour view: “We highlighted yesterday that AUD could rise to … [Continue reading]