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Month: March 2023

Cryptocurrencies

Yen Gaining Some Ground, Looking Forward to BoJ

Yen is gaining ground against its major counterparts today, as traders are probably lightening up short positions ahead of BoJ policy decision tomorrow. Sterling is also showing signs of strength. However, overall, market sentiment remains Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

Yen Gaining Some Ground, Looking Forward to BoJ

Yen is gaining ground against its major counterparts today, as traders are probably lightening up short positions ahead of BoJ policy decision tomorrow. Sterling is also showing signs of strength. However, overall, market sentiment remains Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

AUD/JPY and NZD/JPY break support ahead of Kuroda’s last BoJ meeting

Yen is seeing a broad recovery today as investors anticipate Haruhiko Kuroda’s last BoJ monetary policy meeting tomorrow. As with four of his predecessors, Kuroda is unlikely to make any changes to policy during this Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

AUD/JPY and NZD/JPY break support ahead of Kuroda’s last BoJ meeting

Yen is seeing a broad recovery today as investors anticipate Haruhiko Kuroda’s last BoJ monetary policy meeting tomorrow. As with four of his predecessors, Kuroda is unlikely to make any changes to policy during this Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

USD/JPY Sharply Lower Ahead of Kuroda’s Last Meeting

The Japanese yen is showing strength on Thursday. In the European session, USD/JPY is trading at 136.27, down 0.79%. Kuroda’s last hurrah After 10 years at the helm of the Bank of Japan, Governor Kuroda Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

ETHUSD Extends Retreat below 50-day SMA

ETHUSD (Ethereum) has staged a significant rally since the beginning of the year, posting a fresh five-month high of 1,740 in mid-February. However, the digital asset has come under pressure lately, with the price crossing below Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8891; (P) 0.8907; (R1) 0.8917; More…   In the bigger picture, outlook is rather mixed for now, except that price actions from 0.9267 (2022 high) are part of the long term range Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0521; (P) 1.0548; (R1) 1.0570; More… Intraday bias in EUR/USD stays on the downside at this point. Fall from 1.1032 is in progress for 38.2% retracement of 0.9534 to 1.1032 at 1.0463. Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

Bitcoin extends pull back after voluntary liquidation of crypto-friendly bank

Bitcoin has continued to experience a near-term pullback this week due to a decline in risk appetite following hawkish comments by Fed Chair Jerome Powell. Additionally, the voluntary liquidation of Silvergate Bank, a major player Read more…

By , 3 years ago March 9, 2023
Cryptocurrencies

Bitcoin extends pull back after voluntary liquidation of crypto-friendly bank

Bitcoin has continued to experience a near-term pullback this week due to a decline in risk appetite following hawkish comments by Fed Chair Jerome Powell. Additionally, the voluntary liquidation of Silvergate Bank, a major player Read more…

By , 3 years ago March 9, 2023

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