Yen’s selloff resumes in Asian session with USD/JPY making new recent high. The ruling coalition of Liberal Democratic Party and its junior partner Komeito scored a strong victory in Japan’s upper house elections. There might be sympathetic votes for the tragic death of former Prime Minister Shinzo Abe. But it’s also seen as a nod
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USD/JPY caught aggressive bids on Monday and rallied to a fresh 24-year peak. The Fed-BoJ policy divergence remained supportive of the strong positive move. The risk-off mood offered some support to the safe-haven JPY and capped gains. The USD/JPY pair now seems to have entered a bullish consolidation phase and was seen oscillating in a
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The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network. Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a
GBPUSD trades above and below the 100 hour MA The GBPUSD has had a volatile up and down and back up and back down session. The price is still lower on the day and really trades below its 100 hour moving average at 1.19965. Looking at the hourly chart recall from yesterday near the end
The Federal Reserve surely hasn’t finished hiking rates and there’s no sign of a pivot towards anything more-dovish but there’s a chance we’ve already seen the bottom for risk assets. It all hinges on bond yields.The market is forward-looking and there’s no market more in tune with the Fed and inflation outlook than bonds. Lately,
Central banks around the world are raising interest rates to tame inflation, spurring fears that rising borrowing costs could stifle growth, while mass Covid-19 testing in Shanghai this week caused worries about potential lockdowns that could also hit oil demand. Brent posted a weekly decline of about 4.1 per cent and WTI a loss of
EUR/USD bulls could be about to make their move. Traders are watching the US dollar for the start of the week and opening sessions. The euro could benefit at the start of the week so long as the greenback continues to correct to the downside. In the charts below, it is illustrated that the DXY
Discover a powerful 5 minute scalping strategy, suitable for trading the Forex, crypto or stock market. In this video you’ll discover: • How to scalp like a professional trader on the 5-minute time frame • How to use trend-following indicators, momentum indicators and volume indicators to find the best scalping signals • How to combine
USDCAD trades between its 100 and 200 hour moving averages The USDCAD moved higher after the US jobs report came in better than expected while the Canada jobs report was weaker than expected. The price of the pair extended to 1.3034 on the spike higher but has since rotated back lower and is trading to
Prior -0.2% m/m CPI 2.5% y/y vs 2.4% expected Prior y/y 2.1% PPI +6.1% vs +6.0% expected Prior PPI +6.4% y/y China is in a good position to add some stimulus as inflation runs lower than most parts of the world. That’s exactly what reports suggest they do as 2023 infrastructure spending may be pulled
It was a dismal week for commodities as most of them recorded multi-month lows amid growth worries and firmness in the US dollar. Gold was not left out as it fell 3.8 per cent marking its fourth weekly decline and tested the lowest level since September 2021. Gold, a safe haven, an inflation hedge, and
June’s US Nonfarm Payrolls report exceeded expectations, further cementing the case for a Fed’s 75 bps rate hike. The consensus amongst ECB policymakers is for a 25 bps rate hike in July; September is still open. EUR/USD Price Analysis: Sellers in control might take a breather before launching an assault towards parity. EUR/USD remains subdued
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom
The USD is trading lower as London traders look to exit for the day. The greenback is making new lows vs the: EUR CAD AUD, and NZD The GBPUSD is moving toward the Asian session high and the USDJPY is moving back toward closing levels from yesterday after trading to the highest level since June
Sri Lankan President Rajapakse and Prime Minister Wickremesinghe were forced to flee today after enormous anti-government protests. Huge crowds stormed official government buildings and took over the President’s home. Videos showed protestors swimming in his pool. The Prime Minister’s home was set on fire. The speaker of the legislature is trying to pull together an
Oil prices slipped in early Asian trade on Friday, following a rebound in the previous session, as investors remained torn between worries over tight global supplies and fears a recession could dampen oil demand. Brent crude futures fell 39 cents, or 0.4%, to $104.26 a barrel by 0013 GMT, dropping away from a near 4%
Euro ended as the worst performer last week on increasing worries of a deeper and longer recession. Selloff in the common currency also dragged down Swiss Franc, which ended as the second worst. Sterling was originally pressured by stabilized after UK Prime Minister Boris Johnson announced to step down after another scandal. But Yen was