– A week before the US elections, traders finally triggered a bull rally in the main cryptocurrency and stopped focusing on US presidential candidate ratings. (Although confidence in Donald Trump’s victory cannot be ruled out.) On Tuesday, 29 October, bitcoin not only breached the key resistance level of $70,000 with a trading volume of $48…
The Japanese yen has surged on Thursday after showing little movement this week. In the European session, USD/JPY is trading at 152.68, at the time of writing, down 0.48% on the day. Earlier, USD/JPY rose as high as 0.9% before retracting. Bank of Japan stays on the sidelines The Bank of Japan didn’t have any…
It’s been busy in FX markets with surprisingly strong 3Q growth in Europe and an aggressive tax-and-spend budget from the UK Labour government. Eurozone rates and the EUR/USD could stay more supported today on the flash Eurozone CPI number, while the US could also see some sticky inflation data. It looks a mixed environment for…
In 2024, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has risen by approximately 20%, with optimism around the integration of artificial intelligence (AI) acting as one of the bullish drivers. However, yesterday’s reports from Microsoft (MSFT) and Meta Platforms (META) indicated that AI, as a factor influencing stock prices, may be shifting…
2024.10.31 2024.10.31 Stellar (XLM) Price Prediction for 2024, 2025-2026 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Stellar is a blockchain platform focusing on cross-border payments and remittances. The native Lumens token (XLM) facilitates transactions by acting as an intermediary for exchanging currencies and reducing fees. The Stellar project is actively fostering partnerships with various financial institutions, including those…
The USDCAD market has stayed on a bullish path since its price action rebounded upward from the support level near the 1.3400 threshold. This upward momentum seems to stem from a relatively strong US economy, as indicated by recent positive PCE and GDP data. Additionally, there are other upcoming fundamentals expected to bring further positive…
On 9 October, our analysis of Microsoft (MSFT) suggested that the stock price: → Was forming an ascending channel (shown in blue on the chart);→ Could see a rebound from its lower boundary (indicated by an arrow). Since then, the price indeed moved upward from this support around the $411 level, even surpassing $437. However,…
Italian ECB Governing Council member Fabio Panetta emphasized the need for further easing of restrictive monetary conditions in the Eurozone, citing concerns about economic softness amid declining inflation. Panetta highlighted in a speech today that as inflation moderates, it’s essential to consider “the weakness of the real economy” and avoid deepening the downturn. “In the…
The US-based Brokerage-as-a-Service technology company DriveWealth has secured a brokerage license from the Bank of Lithuania, expanding its global operations into the European Economic Area. DriveWealth Secures European Brokerage License, Establishes Lithuanian Hub The category B financial license enables DriveWealth to establish its European headquarters in the Lithuanian capital, Vilnius, adding to its existing regulatory…
On Wednesday it was revealed that MUFG Bank had recently gone live on CLSNet, CLS’s bilateral payment netting calculation service. CLS explained in a press release that the move is expected to significantly improve operational efficiency and reduce risk for the bank. CLSNet, a platform designed to standardise and centralise post-trade processes for over 120…