Category: Cryptocurrencies

Markets The ECB hiked its policy rates by 75 bps: 0.75% for the deposit rate and 1.25% for the marginal lending rate. That makes a cumulative 125 bps tightening over just two meetings. All else Read more…

Euro dips broadly after ECB delivered a 75bps rate hike without additional hawkish surprise. But Aussie and Kiwi are the worst performers for today so far. Swiss Franc is rallying, thanks to buying against Euro, Read more…

Daily Pivots: (S1) 0.9918; (P) 0.9965; (R1) 1.0053; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0078 resistance intact. Decisive break of 61.8% projection of 1.0773 to 0.9951 from 1.0368 Read more…

Daily Pivots: (S1) 1.1449; (P) 1.1494; (R1) 1.1583; More… Intraday bias in GBP/USD remains neutral for the moment. Further decline is in favor as long as 1.1608 minor resistance holds. Firm break of 1.1409 will Read more…

Daily Pivots: (S1) 0.9726; (P) 0.9798; (R1) 0.9836; More… Intraday bias in USD/CHF stays neutral first and further rally is expected as long as 0.9691 support holds. On the upside, break of 0.9884 resistance will Read more…

Daily Pivots: (S1) 142.63; (P) 143.81; (R1) 144.94; More… A temporary top is formed at 144.98 in USD/JPY with current retreat. Intraday bias is turned neutral for consolidations. Downside should be contained by 139.37 resistance Read more…

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US initial jobless claims dropped -6k to 222k in the week ending September 3, lower than expectation of 243k. Four-week moving average of initial claims dropped -7.5k to 233k. Continuing claims rose 36k to 1473k Read more…

ECB raises the three key interest rates by 75bps today. The main refinancing , marginal lending facility and deposit facility rates are 1.25%, 1.50% and 0.75% respectively. The Governing Council also expects to raise interest Read more…