Bitcoin (BTC) fell below the landmark $40,000 mark for the first time since September 2021 on Jan. 10, heightening a rout that began six weeks ago. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger bands step in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD encountering predictable volatility as bears finally steered the market back
Prior 13.5 That’s a better reading than expected and points to some stabilisation in euro area investor morale. That despite omicron risks and rising infections in the region, so that is a positive takeaway for the mood music in Europe. Of note, the current conditions index rose from 13.3 to 16.3 in January – the
Euro turns softer in a quiet Asian session together with Swiss Franc, but Yen is even weaker. On the other hand, Aussie is ticking up slightly together with Loonie and Dollar. Overall, trading is rather subdued with major Asian stock indexes treading water in tight range, and Japan is on holiday. Focuses will turn to
A snippet from a note via Scotia on the euro. Analysts at the bank expects its more likely for the Federal Reserve to hike by 100bps this year than it is for the European Central Bank to hike by even 10bps (and order of magnitude difference). This is a driver of Scotia’s view of EUR/USD
NEW DELHI: Gold prices were trading lower on Monday amid firm US dollar and bond yields. Gold futures on MCX declined 0.20 per cent or Rs 94 to Rs 47,358 per 10 grams. Silver was down by 0.41 per cent or Rs 247 at Rs 60,360 per kg. Traders awaited December US inflation data that
Update: Gold price is posting small losses while ranging below $1,800 so far this Monday, as holiday-thinned market conditions combined with a broad-based US dollar rebound offer headwinds to bulls. Traders also turn cautious ahead of this week’s US inflation data, as the Fed appears behind the curve after Friday’s upside surprise in the wage
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OpenSea has been the dominant decentralized platform for users looking to mint, buy, sell and trade nonfungible tokens (NFTs). Serving more as an NFT aggregator than a gallery, OpenSea locked in $3.25 billion in volume for December 2021 alone, according to data from Dune Analytics and from December 2020 to December 2021, the total volume
Here is the piece: Cluster of 20 omicron cases hits Tianjin, a gateway city to Beijing As noted in the article: With the Beijing winter Olympics less than a month away, the outbreak will cause grave concern. All residents have been told not to leave the city but no lockdown order has yet been given.
EURGBP has moved above its 100 hour moving average Both the EURUSD and the GBPUSD are moving higher, but the EURUSDs rises outperforming the GBPUSD. That has the EURGBP moving higher. The EURGBP has been trending more to the downside cents the December 8 peak at 0.8598. The price reached a low on Wednesdaytrade at
New Delhi: Gold price in the national capital on Thursday tumbled Rs 284 to Rs 46,700 per 10 grams in tandem with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,984 per 10 grams. Silver also dipped by Rs 1,292 to
AUD/USD has been choppy on Friday in wake of a mixed US labour market report. The pair is now trading in the 0.7180s having dipped as low as the 0.7130s. The dollar weakened broadly despite the jobs report spurring upside in yields on Fed tightening expectations. AUD/USD was choppy on the final day of the
The minutes of the FOMC meeting “shocked” the market this week, after the Fed said that they would look to decrease the Fed’s balance sheet. That typically comes from letting the maturing issues on the balance sheet run off without replacing them with new buys from the Fed. Since the start of the QE, the
Earlier this week, I wrote a post debating whether the downtrend line or the old highs were more important for 10-year yields. The debate is over now because they’re both broken. Yields legged higher in the last 30 minutes after the 1.777% level gave out. That’s pushed yields within a fraction of 1.80% and to
NEW DELHI: The ninth tranche of the sovereign gold bond (SGB) scheme 2021-22 will open for subscription on Monday. This issue comes amid increased demand for bullion given heightened market risks. Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram for the previous tranche. There
The U.S. economy added far fewer jobs than expected in December just as the nation was grappling with a massive surge in Covid cases, the Labor Department said Friday. Nonfarm payrolls grew by 199,000, while the unemployment rate fell to 3.9%, according to Bureau of Labor Statistics data. That compared with the Dow Jones estimate
The New Zealand dollar advances some 0.46% as the North American session ends. A risk-off market mood was no excuse for the NZD to gain vs. the USD. NZD/USD Technical Outlook: Downward biased as long as it remains below 0.6859. On Friday, the New Zealand dollar trimmed some of its Thursday’s losses despite a risk-off