Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms. Compiled by on-chain analytics firm Glassnode, exchange withdrawal figures confirm that at $37,000, a user’s purchase is on aggregate “in the black.” Bitcoin exchange users claw back bear market losses Bitcoin returned multiple investor cohorts to
Month: November 2023
Share: The 1.8% decline in the US Dollar Index (DXY) last week was the largest since the second week of July. Economists at Société Générale analyze Greenback’s outlook. DXY at risk of a deeper retracement towards 102.55 A close below the 200-DMA (103.62) put the DXY at risk of a deeper retracement towards 102.55. In
USD CAD The BoC left interest rates at 5.00% as expected but remains prepared to raise rates further if needed. BoC Governor Macklem delivered a less hawkish speech in the press conference compared to his previous remarks. The recent Canadian CPI missed expectations across the board and the underlying inflation measures eased, which was a
The notice says that the satellite will be launched in the direction of the Yellow Sea and East China Sea, with Tokyo and Seoul stating that this could be a third attempt to put a spy satellite into orbit – which would be a violation of a UN ban. For some context, North Korea had
Following a slump in the US dollar and weaker treasury yields, December futures of MCX Gold today rose by Rs 377 to Rs 61,034 per 10 gram. December futures of MCX Silver was up 0.74% to Rs 72,644. Gold is expected to find support at Rs 60,580-60,460, and resistance at Rs 61,010-61,230. Silver may have
Japanese Yen’s rally continued in today’s Asian session, breaking through 148 mark against Dollar. This rise raises questions about the reaction of Japanese Finance Minister Shunichi Suzuki, particularly in light of his previous comments during Yen’s decline this year. Suzuki had described the decline as “one-sided” and driven by “speculations.” The current volatility, contrasting the
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed shares were up around 2%
The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash. In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argued OFAC’s decision to sanction the privacy protocol was
Share: Nataxis research is out with a note detailing how long-running supply and demand imbalances in the Eurozone are going to keep rates higher for longer than most markets are currently expecting. The state of supply and demand for goods and services in the eurozone In the recent period (since the start of 2023), insufficient
In this video, I take a technical look at all the major currency pairs including the: EURUSD, USDJPY, GBPUSD USDCHF, USDCAD, AUDUSD and NZDUSD) and discuss the bias, control, risk and targets as we head into the close of trading on November 20, and look toward the new trading day on November 21.
The USD moved lower today – only outpaced by the CAD as the weakest of the major currencies. The JPY was the strongest. The strongest to the weakest of the major currencies Over the weekend Pimco said they were moving into the JPY on expectations that the Bank of Japan would start to tighten. The
Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Brent crude futures were up $2.19 to $82.80 a barrel by 10:32 a.m. CT (1632 GMT). U.S. West Texas Intermediate crude was up $1.98, or 2.6% at
Japanese Yen’s remarkable rally has become a focal point in the currency markets today. It’s strength is extending into US session. This surge is not an isolated event but a reflection of broader shifts in global monetary policy expectations. A crucial factor propelling Yen upwards is the increasing speculation that BoJ would finally abandon its
Share: “With inflation halved we can now look forward to the future economy we want to build,” United Kingdom (UK) Prime Minister Rishi Sunak said on Monday. Additional quotes We believe in cutting taxes carefully and sustainably. Our approach starts with controlling inflation. We have met our commitment to halve inflation. To develop the economy we
EURUSD trades above and below the 50% midpoint The EURUSD has continued to move up and down as the trading week comes to an end. Recall from Tuesday, the parable sharply higher after the lower-than-expected CPI data. That took the price up to a high of 1.0867. On Thursday, the price extended above that level
USD/JPY daily chart The pair just touched a low of 148.20 on the day, its lowest level in six weeks, as the dollar is finding it tough to stay afloat in the new week. The drop continues the downside momentum from last week after USD/JPY fell past the 150.00 mark and is now sliding further,
A slight uptick in the US bond yields negated the advantage of the fall in the dollar index (DXY) as gold traded with minor gains in the early trade on Monday. Taking cues from the international prices, MCX December gold futures opened with small gains and were trading at Rs 60,713 per 10 gram in
Dollar’s selloff intensified in today’s Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 mark, signaling the prospect for further decline. Yen’s strength was mirrored by Chinese Yuan, while the Australian and New Zealand
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