Latest Market News
Anatoly Chubais has become one of the highest-ranking Russian officials to leave his post over President Vladimir Putin’s war in Ukraine that began roughly a month ago, various media outlets reported on Wednesday. Citing two sources, Bloomberg reported that the climate envoy known as a reformer in the 1990s who steered the country’s privatization, had […]
EURUSD, “Euro vs US Dollar” Having completed the descending wave at 1.0963, EURUSD is consolidating around 1.1000. Today, the pair may expand the range down to 1.0960 and then form one more ascending wave with the target at 1.1048. GBPUSD, “Great Britain Pound vs US Dollar” After finishing the descending structure at 1.3210 and then […]
EURUSD, “Euro vs US Dollar” EURUSD is trading at 1.0980; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.1035 and then resume moving downwards to reach 1.0760. Another signal in favour of a further downtrend will be […]
Type: Bearish ReversalKey Levels:Resistance: 746’7Pivot: 729’0Support: 696’2Preferred Case:Price is approaching our pivot level of 729’0 in line with 138.2% Fibonacci extension. We see the potential for a further dip towards our 1st support level of 696’2 in line with 23.6% Fibonacci retracement. Our bearish bias is further supported by the stochastic indicator where price is […]
UK Inflation Hits Fresh 30 Year HighsThe British Pound’s reaction to the latest UK inflation data today serves as an important example of how perspective and context are crucial in gauging market response to economic data. If we look back to the tail end of last year, GBP was rising as UK inflation continued to […]
Big 4 bank ANZ has become the first Australian bank to mint an Australia dollar (AUD) pegged stablecoin named “A$DC.” But rival bank NAB also has its own stablecoin project which is expected to launch by the end of the year. ANZ is working with local regulators such as AUSTRAC and APRA to get the […]