USD slid following the University of Michigan Sentiment figures and housing market data. Markets remain confident about a cut in September. Greenback might continue being sensitive on data releases. On Friday, the US Dollar (USD), as measured by the US Dollar Index (DXY), experienced a decline following the release of the University of Michigan’s Consumer…
NZD/JPY mildly rose to 89.30, testing the 20-day SMA. The RSI is near 50 while the MACD shows flat green bars, signaling that the momentum is sideways. A jump above the 20-day SMA would confirm a bullish outlook. The NZD/JPY pair gained ground in Friday’s session, climbing to 89.30. The uptick follows side-ways movements during…
MARKET REPORT(Unburdened by what has been) Buers Van BerlageDay in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– The University of Michigan’s consumer sentiment index ROSE to 67.8 August, EXP 66.9, PREV 66.4 in July – Housing Starts fell off a cliff -6.8% MoM vs -1.5%…
Key Takeaways Franklin Templeton’s new crypto index will track Ether and Bitcoin. The index may lead to future ETFs and investment products. Share this article Global investment firm Franklin Templeton has submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a crypto index ETF that will track the performance of…
Economic data surprises, risk sentiment plot twists, and central bank speculations made for a busy trading week for the major currencies! Source link
Positive economic reports and talks of interest rate cuts for major central banks helped fuel a risk-friendly environment for a lot of risk assets this week. But the optimism is marred by the possibility of rising and widespread geopolitical conflict in the Middle East. How did your closely watched assets react to…
By Nivedita Balu TORONTO (Reuters) – Royal Bank of Canada filed a countersuit against ousted CFO Nadine Ahn on Friday, detailing findings of its internal investigation into her alleged intimate relationship with a subordinate, and accusing her of breaching its code of conduct. Ahn last week sued RBC for wrongful termination and alleged that “gender-based…
Delaware, United States, August 16th, 2024, Chainwire Led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift, and others. Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
A Bitcoin wallet that has been dormant since 2014 suddenly woke up and moved over 174 bitcoins worth more than $102 million. Blockchain data showed that the Bitcoin (BTC) wallet that received 174.88 BTC on Jan. 8, 2014, moved funds for the first time on Aug. 16, 2024. The transfer comes after a decade, during…