NZD/USD takes offers to refresh intraday low near 0.6260, extending the previous day’s downbeat momentum, while tracing the recently bearish options market signals. That said, the Risk Reversal (RR), calculated as the difference between call and put … [Continue reading]
Forex Today: US Dollar on the backfoot as optimism persists
What you need to take care of on Tuesday, December 28: The US Dollar extended its Friday slide, ending Tuesday with modest losses against most major rivals. Softening US inflation, as per data released last week, coupled with Chinese news to boost … [Continue reading]
EUR/USD rebounds from 1.0610, eyes daily highs
Wall Street trims losses, DXY approaches daily lows. Bond yields off highs, after reaching weekly highs. EUR/USD remains sideways with bullish bias. The EUR/USD has recovered 1.0611, reaching the lowest level since last Thursday and then bounced … [Continue reading]
USD/CAD keeps heading south and approaches important support at 1.3520
The USD dives for the third consecutive day. Hopes of Fed easing are weighing on the Greenback. The Lonie appreciates with oil prices rising steadily. The US Dollar has extended losses against its Canadian counterpart on Tuesday reaching to hit … [Continue reading]
USD/JPY remains depressed below 133.00 amid quiet trading
USD/JPY is treading listlessly amid a quiet start to the holiday-shortened week. US Dollar drops with Treasury bond yields amid China-led risk-on mood. USD/JPY bulls need acceptance above 133.00 to resume the recovery. USD/JPY is trading … [Continue reading]
USD/CAD Price Analysis: 50-DMA probes immediate downside above 1.3500
USD/CAD takes offers after breaking six-week-old ascending trend line support, now resistance. The first bearish MACD signal in a month, RSI retreat suggests further downside. 50-DMA challenges bears targeting ascending support line from … [Continue reading]
South Korea Consumer Sentiment Index registered at 89.9 above expectations (87.4) in December
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]
Nexo pushes to “save” bankrupt crypto lender Vauld despite acquisition fallout
Nexo intends to help the creditors of Vauld to recover as much of their funds as possible. Vauld called off the acquisition by Nexo merely five months after signing the deal. Nexo recently announced its departure from the United States by phasing out … [Continue reading]
Bitcoin price volatility alarmingly low, $16,500 is key liquidation level for BTC
Bitcoin long and short positions see parity after BTC price volatility hits an all-time low. Experts believe institutional traders could hunt liquidity at the $16,500 level, based on the liquidation levels heatmap. BTC could gather … [Continue reading]
Binance France hit by lawsuit €2.4 million by investors accusing the exchange of violating French law
Binance France and Binance Holdings Ltd. is hit by a lawsuit for violation of the French law. The lawsuit alleges that the exchange platform violated the law by advertising and distributing crypto services before receiving … [Continue reading]