The Securities Commission of The Bahamas says it is holding these assets pending transfer to clients and creditors. This is news that will no doubt please the customers and creditors of Sam Bankman-Fried’s crypto empire. Read more…
Bitcoin has added 1.4% in the last 24 hours, reaching the 16.7K level. It is a new attempt to test the 50-day moving average on a general lull and an effort by the bulls to Read more…
Welcome to the first trading day of the New Year. Trading remains thin, as most markets are closed. In the European session, EUR/USD is trading at 1.0679, down 0.23%. I expect a quiet day for Read more…
USDJPY could not gain fresh impetus on the first trading day of the year, retaining a muted tone near December’s four-month low of 133.55. The pair suffered its worst monthly loss since 2016 in December, Read more…
EURUSD has been edging higher since early October after its long-term downtrend ceased at the 20-year low of 0.9535. In the short term, the pair has been trading sideways, with the completion of a golden cross Read more…
Gold sought fresh gains on the first trading day of the year after a remarkable 8.0% rally to 1,833 in December. According to the technical indicators, the market seems to have the foundation to flourish further. Read more…
The Dax 40 drifts lower as investors dread more aggressive moves from central banks. On the daily chart, after hitting last June’s peak of 14700, a bearish MA cross could foreshadow a deeper correction. Zooming Read more…
The euro strengthened after ECB President Lagarde hinted at more tightening to cap wage growth. A bullish MA cross on the daily chart confirms the pair’s recovery. A break above October’s high of 0.8860 might Read more…
The Japanese yen rallies as the BOJ considers raising its inflation forecast. The dollar’s rebound came to a halt at a previous low (134.50) from early December, which has turned into resistance. Sentiment remains downbeat Read more…
Market movers today A new year kicks off with continued focus on central banks and inflation, as well as on signals of how long and deep a recession are we heading into. For inflation pressures Read more…