EURUSD picks up bids to reverse recent pullback from four-month high. Mixed concerns over Russia’s involvement in missiles attack on Poland entertained markets of late. Fears of Monetary policy divergence between US Federal Reserve and European … [Continue reading]
Decentralized v. Centralized finance: Who’s to blame for FTX exchange collapse
Decentralized exchange dYdX’s founder Antony Juliano believes the solution to the collapse of centralized exchanges is DeFi. Juliano stresses that decentralized exchanges can be audited much quicker than centralized entities and there is higher … [Continue reading]
New York Fed and global banking giants kick off a digital dollar pilot
The Federal Reserve of New York and a group of private banking firms launched a 12-week digital dollar pilot project. The project is titled “the regulated liability network,” and it will conduct a test on usage of digital dollar tokens by … [Continue reading]
EURUSD to stage another trip below parity to start 2023 – TDS
Economists at TD Securities think EURUSD will decline back below parity despite the most recent uptick. EURUSD likely to bottom out around 0.96 “The EUR is not out of the wood yet, leaving us to expect another trip below parity to start … [Continue reading]
USDJPY to reverse back lower to 130 in 12 months – Danske Bank
Economists at Danske Bank expect USDJPY to inch higher in the next few months but expect the pair to turn back lower in the long-run. Pressure on JPY will wear off “The key driver of USDJPY remains the global inflation outlook and US treasury … [Continue reading]
Indonesia Exports dipped from previous 20.28% to 12.3% in October
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]
AUDUSD subdued after Federal Reserve official’s commentary, as RBA minutes loom
Federal Reserve policymakers are committed to tackling inflation in the United States, bolstering the US Dollar. Australia’s Consumer Confidence improved, Aussie Dollar traders eye RBA minutes. AUDUSD Price Analysis: The inverted head-and-shoulders … [Continue reading]
USDCAD bulls eye a significant correction
USDCAD is on the brink of a move higher as the US Dollar firms. WTI pressured on Covid cases in China, denting CAD. USDCAD is making tracks on the upside on Monday, partly as oil prices fall and the greenback rallies against a … [Continue reading]
USDIDR: Range of 15,390 to 15,590 for the week ahead – MUFG
USDIDR gapped lower on Friday after being in a narrow range of about 15,650-15,750 over the past week. Economists at MUFG Bank expect the pair to trade within a 15,390-15,590 range this week. USDIDR seen at 15,700 by the end of the year “For the week … [Continue reading]
Eurozone Industrial Production expands by 0.9% in September vs 0.3% expected
Industrial Production in the euro area grew at a stronger pace than expected in September. EURUSD trades deep in negative territory at around 1.0300. Industrial Production in the euro area and the European Union expanded by 0.9% on a monthly basis … [Continue reading]