Share: Jobs report for the United Kingdom could significantly impact the BoE rates outlook. The Unemployment Rate in the UK is likely to hold steady at 3.8% in the quarter to May. Office for National Statistics is set to publish the UK labor market … [Continue reading]
US Dollar Index: DXY ignores Fed talks to renew three-week low under 102.00 as inflation expectations slump
Share: US Dollar Index stays pressured at two-week low, licking its wounds after declining in the last three consecutive days. Aftershocks of downbeat US NFP weighs on yields and DXY amid cautious optimism. Fed officials keep supporting 0.50% rate … [Continue reading]
Former SEC Chair says it would be difficult to deny approval of spot Bitcoin ETF if efficacy is demonstrated
Share: Former SEC Chair voiced his opinion concerning the current race for spot Bitcoin ETF filings approvals during a CNBC interview. Jay Clayton acknowledges that institutional players ride on the fading distinction between futures and spot BTC … [Continue reading]
AUD/USD stretches downside to near 0.6630 as Fed gets reason to resume policy tightening
Share: AUD/USD has dropped heavily to near 0.6630 amid a solid recovery in the US Dollar Index. After upbeat US labor cost figures, investors are awaiting June’s CPI data. Post a skip in the policy-tightening spell the RBA is expected to elevate … [Continue reading]
Greece Industrial Production (YoY) fell from previous 4.2% to 1.4% in May
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]
USD/CHF Price Analysis: Initial resistance level is seen at 0.8910
Share: The USD/CHF starts a new week on a positive note and edges above 0.8900 on Monday. The Relative Strength Index (RSI) stands below 50, indicating the extended downside cannot be ruled out. Initial resistance is seen at 0.8915, the 0.8880 area … [Continue reading]
USD/CAD: Maintain a long position, targeting 1.3700 – Nomura
Share: Analysts at Nomura recommend a long position on the USD/CAD, with a target of 1.3700, enlisting factors that could weigh on the Canadian Dollar (CAD). Key quotes “1. Softer Terms of Trade in Canada: Nomura believes that Canada's terms of … [Continue reading]
Gas tokens, wallet security warns against interacting with strange tokens amid Multichain exploit delirium
Share: Wallet security Revoke.cash urges investors to ignore tokens they don’t recognize. The caution comes amid a new discovery that scammers use gas tokens to steal money when victims revoke the fake approvals. The alert comes amid the infamous … [Continue reading]
Fantom trading volume falls 20% as Multichain hackers leverage FTM tokens in a new attack on Twitter
Share: Multichain hackers have launched another attack, camouflaging as being associated with the Fantom Foundation. The bad actors are using FTM tokens as bait, presented as a phishing link. FTM trading volume has dipped 20% as concerns about the … [Continue reading]
XRP holders want to write letters to Judge Torres, lawyer says no good can come from it
Share: XRP holders have run out of patience as the lawsuit against the SEC continues to stall, call to action to write letters to the judge. Pro-XRP lawyer John Deaton warns against it and says nothing good will come of it. Deaton acknowledges that … [Continue reading]