Share: FTX founder Sam Bankman-Fried and his lawyers proposed an extension to file their proposal for additional bail conditions. Prosecutors have demanded tighter restrictions for the disgraced CEO after being caught watching Super Bowl on … [Continue reading]
United States CFTC Gold NC Net Positions increased to $160.3K from previous $157.7K
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]
Fed’s Bullard: Soft landing is feasible in the US
Share: "Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead," St. Louis Federal Reserve President James Bullard said … [Continue reading]
USD/JPY builds on strong intraday rally, climbs to 136.00 on stronger US PCE Price Index
Share: USD/JPY rallies nearly 200 pips from the daily low and draws support from a combination of factors. BoJ Governor nominee Ueda's dovish remarks weigh on JPY and boost the pair amid a stronger USD. The stronger-than-expected US PCE Price index … [Continue reading]
Ethereum price hints at pullback as centralization risks are likely to emerge after Shanghai upgrade goes live
Share: Ethereum price struggles with a significant resistance level at $1,677. Rejection could likely result in a pullback to $1,545, but under dire circumstances, ETH could tag $1,422. Invalidation of the bearish thesis will occur on the flip of … [Continue reading]
EUR/USD clings to 1.0600 as German statistics, Fed’s preferred inflation gauge loom
Share: EUR/USD copies the previous day’ Doji candlestick around seven-week low. Eurozone inflation underpins hawkish ECB bias ahead of German sentiment, output data. US Treasury bond yields, market bets suggest traders already priced in strong US … [Continue reading]
NZD/USD Price Analysis: Struggles between 200-day EMA and 0.6190 support
Share: NZD/USD struggles to extend two-day recovery moves, sidelined of late. Three-week-old descending resistance line guards immediate upside ahead of 200-day EMA. Horizontal area from early January appears strong support to watch amid bearish … [Continue reading]
Cosmos Price Prediction: ATOM could rally 25% despite disbelief
Share: Cosmos price is currently consolidating after a 3% bounce the previous day. ATOM price is aiming for $16.90. Invalidation of the bullish thesis would arrive from a breach below $12.66. Cosmos price shows a bullish narrative for a potential … [Continue reading]
EUR/USD to continue correcting lower in the near-term – MUFG
Share: The EUR has corrected lower against the USD so far in February. Economists at MUFG Bank expect the world’s most popular currency pair to continue its decline. Stronger cyclical outlook for the Eurozone economy is better priced in now “The … [Continue reading]
BoE’s Mann: Some businesses expect to raise wages by 6-7% to retain staff
Share: Bank of England (BoE) policymaker Catherine Mann said on Thursday that her focus on tighter policy reflects concerns about the possible non-linear nature of backward-looking inflation expectations, as reported by Reuters. "We cannot be … [Continue reading]