Daily Pivots: (S1) 154.95; (P) 155.19; (R1) 155.57; More… GBP/JPY is staying in consolidation from 152.88 and intraday bias remains neutral. Further fall is still in favor with 155.38 minor resistance intact. Break of 152.88 Read more…
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Read more…
Two central banks will announce monetary policy decisions today. BoE is generally expected to deliver a back-to-back rate hike and raise Bank Rate by 25bps to 0.50%. The central bank would also reveal the approach Read more…
Australia NAB business confidence jumped from -2 to 18 in Q4. Current business conditions was unchanged at 12. Conditions for the next 3 months rose from 8 to 30. Conditions for the next 12 months Read more…
Spotify shares tumbled in after-hours trading as the streaming giant offers disappointing fourth-quarter guidance. Spotify Technology (SPOT) – Get Spotify Technology SA Report got more bad news Wednesday after the streaming service, which has been Read more…
India’s finance minister says the country will impose a 30% tax on income from cryptocurrencies, and will introduce a digital currency. Crypto now is now legal in India. The country will impose a 30% tax Read more…
BoJ Deputy Governor Masazumi Wakatabe said in a speech, “given the current situation where Japan’s economy has finally started to pick up from the pandemic, it is definitely too early for the Bank to start Read more…
BoC Governor Tiff Macklem told the Senate banking committee yesterday that inflation could stay “uncomfortably high” around 5% over the first half of 2022, and then “coming down fairly quickly in the second half.” However, Read more…
Key Highlights Crude oil price gained pace and tested the $90.00 level. A key bullish trend line is forming with support near $88.20 on the 4-hours chart of XTI/USD. EUR/USD extended recovery above 1.1300, and Read more…
Angry posters on social media suggest using so-called privacy coins to avoid India’s 30% crypto tax. Privacy coins were in the social media spotlight after India announced that it was imposing a 30% tax on Read more…