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VerifiedX Turns to Crypto.com for $1.5B Institutional Custody
Web3 infrastructure project VerifiedX has enlisted major exchange Crypto.com to provide institutional-grade custody and liquidity for $1.5 billion in digital assets. The deal highlights a fundamental trend in the digital-asset space. Although VerifiedX promotes decentralization and self-custody for retail users through products like its Switchblade Wallet, it is now turning to a large, regulated provider…
Daily Broad Market Recap – June 20, 2024
The market spotlight was focused on a couple of major central bank announcements, with one delivering a surprise rate cut. How did the rest of the asset classes fare? Headlines: People’s Bank of China kept 1-year and 5-year prime loan rates unchanged at 3.45% and 3.95% respectively Swiss trade surplus in May: 5.81 billion CHF…
Why Stop-Loss Trading is Important in Forex – Edge-Forex :
Stop-loss trading is a crucial tool in forex trading. Many traders overlook its importance, leading to unnecessary losses. Without a stop-loss, a single bad trade can wipe out an entire account. Forex trading moves fast, and prices can shift in seconds. A stop-loss protects traders from large, unexpected losses. Risk management in trading is what…
EUR/USD Weekly Outlook – Action Forex
EUR/USD dipped to 1.1001 last week but rebounded ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Initial bias remains neutral this week first. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, however, sustained break of…
USD/CAD Falls to November Low
The Canadian dollar has strengthened, influenced by several factors — the most important of which is arguably the easing of domestic political tensions. According to media reports, Canada’s draft budget has passed its first round of voting. Although several stages of review remain, the result suggests that there are enough votes for the budget to…
USD/JPY Forecast: Dollar Finds Footing After Jobs-Induced Slump – Forex Crunch
The USD/JPY forecast indicates a slight recovery in the dollar. The economy added only 73,000 jobs in July. The BoJ has been more confident in talks of resuming rate hikes. The USD/JPY forecast indicates a slight recovery in the dollar after a steep decline in the previous session due to downbeat employment numbers. Meanwhile, the…
