USD/JPY witnessed some selling on Monday, though the downtick lacked bearish conviction. Weakness below the 100-hour SMA/ascending trend-line could stall near the 23.6% Fibo. level. Sustained move back above the 129.00 mark will set the stage for an extension of the bullish trend. The USD/JPY pair edged lower on the first day of a new
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The difference between the LP tokens’ value and the underlying tokens’ theoretical value if they hadn’t been paired leads to IL. Let’s look at a hypothetical situation to see how impermanent/temporary loss occurs. Suppose a liquidity provider with 10 ETH wants to offer liquidity to a 50/50 ETH/USDT pool. They’ll need to deposit 10 ETH
USDJPY is a stop between swing levels (38.2% retracement) The USDJPY in the Asian session moved up to test the swing highs from yesterday’s trade between 128.63 and 128.70. The high price today reached 128.685. Sellers leaned against the high, and the price rotated back to the downside The move lower in the late Asian
Foxconn’s manufacturing operations in Kunshan have been operating under a “closed-loop” system (employees confined to its four local campuses) since a citywide lockdown started in early April. Foxconn has halted production at two of its factories in the eastern city of Kunshan suspended since mid last week all employees confined to dormitories inside campuses after
April 21: Gold prices dipped on Thursday, tracking a rebound in U.S. Treasury yields and the dollar, which continued to weigh on demand for safe-haven bullion. FUNDAMENTALS * Spot gold was down 0.2% at $1,953.21 per ounce, as of 0039 GMT. U.S. gold futures were nearly flat at $1,956.20. * U.S. Treasury yields firmed after
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC’s Sara Eisen will moderate the talk. The event is part of the IMF’s
GBP/USD bulls moving in and eye a significant correction. The M-information is compelling and eye a key confluence area. GBP/USD is under pressure but the bulls could be on the verge of making a move which would be anticipated to be a significant correction in the days ahead. The following illustrates the market structure and
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Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto users. The Ethereum network, the first blockchain that scaled the smart contract functionality, sees most of the total value locked (TVL) on DeFi protocols dominated by cryptocurrency lending
AUDUSD fell below its 200 day moving average The AUDUSD has just cracked below its 200 day moving average at 0.72926. The fall back below the level is the first since March 17. The move above the 200 day moving average on that they sent the price sharply higher, with the pair peaking at 0.76607.
There are plenty of updates on Russia’s war on Ukraine, just noting this one. Ukrainian President Zelensky announced the US visitors. He will meet with the two on Sunday. Further weapons provisions will be on the agenda. Zelenskyy: said he expected “not just presents or some kind of cakes, we are expecting specific things and
Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts. Brent crude futures rose 55 cents, or 0.5%, to $107.35 a barrel at 0117 GMT, recouping
Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month. “It is appropriate in my view to be moving a little more quickly” to raise interest rates, Powell said while part of an International Monetary Fund panel.
The US Dollar Index (DXY), hits a fresh 25-month high on Fed official’s comments. Fed speakers in the week support 50-bps rate hikes at the May 4-5 meeting. US Dollar Index Price Forecast (DXY): Bulls target January’s 2017 highs near 103.82. The US Dollar Index, a measurement of the greenback’s value against a basket of
USDCAD races to the upside The USDCAD today moved above its 200 hour MA (green line at 1.25904) in the Asian session, and in the process continued the trend move higher that was started yesterday. The break higher above the 200 hour moving average (green line) saw some consolidation, but the price based against that
I’m not sure if this is the peak of earnings season as measured by the number of companies reporting, but it’s certainly the peak of big names reporting. Monday morning starts off with Coca-Cola and that afternoon we get economic bellwether Whirlpool. The tech heavyweights go on Tuesday, Wednesday and Thursday, including: Microsoft Alphabet (Google)
Oil prices fell on Friday, heading for a drop of nearly 4% for the week, burdened by the prospect of rate hikes, weaker global growth and COVID-19 lockdowns in China hurting demand, even as the European Union weighed a ban on Russian oil. Brent crude futures slid 81 cents, or 0.8%, to $107.52 a barrel
Speculations on aggressive Fed tightening intensified sharply last week after a chorus of hawkish comments from policy markets. Markets are indeed pricing in near 70% chance of federal funds rate at 1.50-1.75% by the end of first half, i.e., 125bps above current level. Stocks tumbled sharply towards the end, with DOW suffering the worst day