Share: Dash price dropped by 10.4%, falling to $33 at the time of writing. Zcash price witnessed a near-equal drop as well, with the altcoin trading below $30, losing the support of all three EMA. The world’s fourth largest crypto exchange, OKX, … [Continue reading]
Valkyrie, Fidelity appoint ex-FTX delinquents’ employer as AP for spot Bitcoin ETF; fee war begin
Share: Spot Bitcoin ETF applicants - Valkyrie and Fidelity updated their filings, naming Jane Street as their Authorized Participants. Jane Street was the former employer of FTX founder Sam Bankman-Fried and Alameda Research’s Caroline Ellison. On … [Continue reading]
Spot BTC ETF: Analyzing sell the news event if an approval does come
Share: Window for spot BTC ETFs is barely a week out from opening, between January 5 and 10, ETF experts say. The market has cooled off ahead of 2024, with traders exercising caution evidenced by the dwindling trading volume. Concerns over a … [Continue reading]
Mexican Peso struggling to reverse Thursday’s losses on the last trading day of 2023
Share: The Mexican Peso is rebounding from Thursday’s US session backslide. Mexico's government budget balance to wrap up economic calendar for 2023. US data continues to print in the red, US Chicago PMI misses the mark. The Mexican Peso (MXN) is … [Continue reading]
Colombia National Jobless Rate declined to 9% in November from previous 9.2%
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]
India M3 Money Supply: 11.6% (December 15) vs 11.2%
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 experiences downward pressure on improved sentiment, trades around 0.8430
Share: USD/CHF trades lower as the Greenback weakens on improved risk appetite. Lower US bond yields indicate a strong bias toward easing of Fed’s tightening. Swiss Franc gains ground on heightened risk aversion due to Middle East conflict. … [Continue reading]
USD/INR loses traction amid thin holiday trading
Share: Indian Rupee holds positive ground despite the mild recovery of the USD. RBI’s Das said that India is one of the world’s fastest-growing major economies with a rising potential growth profile. The December’s US Chicago Purchasing Managers’ … [Continue reading]
USD/CAD digs in for a Thursday rebound from 1.3200
Share: USD/CAD bounced back from multi-month lows near 1.3200. CAD getting dragged down by a pullback in Crude Oil. Broad-market risk appetite sours after surprise bump in Treasury yields. The USD/CAD climbed back over the 1.3200 handle on … [Continue reading]
AUD/USD churns around 0.6850 heading into the year-end
Share: The Aussie sees some rough sideways action in year-end trading. Broad-market US Dollar sell-off flows keeping AUD/USD pinned near the top. US data dominates the docket to wrap up 2023. The AUD/USD briefly touched multi-month highs just … [Continue reading]