Cryptocurrencies
GBP/JPY Seeks Support
The pound softened after an unexpected rise in the UK’s unemployment rate in April. The pair is struggling to hold onto its recent gains after a rally above last April’s high at 168.40. A drop Read more…
Cryptocurrencies
XAU/USD Nears Critical Support
Gold tumbles as the US dollar regains bullish impetus across the board. A clean cut below the demand zone at 1828 indicates weak interest in safeguarding the latest rebound. As trapped buyers look to exit, Read more…
Cryptocurrencies
The Decision is Already Made
The Federal Reserve (Fed) will announce its latest rate decision today, but most of the wild ride is certainly done by now; the market fully prices in a 75bp hike at today’s decision. Investors know Read more…
Cryptocurrencies
Fed Set to Deliver 75bp for the First Time Since 1994
Market movers Things can turn around quite rapidly in the current environment and it seems very likely at this point that the Fed makes another U-turn tonight by hiking 75bp (now fully priced by markets) Read more…
digital
Nothing reveals Phone 1 design a month early
The Nothing Phone 1. | Image: Nothing Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone. “Leaks are harder to contain Read more…
Android
Nothing reveals Phone 1 design a month early
The Nothing Phone 1. | Image: Nothing Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone. “Leaks are harder to contain Read more…
Cryptocurrencies
Bitcoin Continues to Tumble, Getting Dangerously Close to $20,000
The crypto market is now worth less than $950 billion compared to $3 trillion in November. When is it going to stop? The descent into hell or the return to earth of cryptocurrencies unfortunately continues Read more…
Cryptocurrencies
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.2890; (P) 1.2932; (R1) 1.2999; More… Intraday bias in USD/CAD remains on the upside for 1.3075 resistance. Firm break there will resume medium term rally and sustained trading above 1.3022 fibonacci level Read more…
Cryptocurrencies
Dollar Firm in Right Range as FOMC Rate Hike Awaited
The forex markets are steady in tight range in Asia, while Dollar remains the strongest one for the week. Main focus today is on whether Fed would deliver a 75bps hike as markets fully priced Read more…
Cryptocurrencies
Fed to hike by 75bps? 10-year yield heading to 4%?
FOMC rate decision is the major focus today. Just before last Friday, markets have well received Fed’s communication on the 50bps hike per meeting “plan”. But it’s another world now after data showed CPI inflation Read more…