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XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Harami reversal pattern not far from the resistance area. At the moment, the asset may reverse in the form of a new descending impulse. In this case, the downside target may be at 1615.00. At the same time, […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is stuck inside the Triangle pattern. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.0825 and then resume moving downwards to reach 1.0205. Another signal in favour of […]

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo, stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations. Earlier this week, the California Department of Financial Protection & Innovation (DFPI) filed a desist and refrain order against Nexo’s Earn Interest Product, […]

GBP Finds Equilibrium – For Now Following the heavy volatility we saw in GBP on Friday and Monday, price action has since stabilised. In GBPUSD in particular, price plunged almost 5% on Monday before reversing around 70% of those losses. The market has since been underpinned by support at the 1.0646 level though looks vulnerable […]

BNY Mellon Reserve Import Cover Shows Vulnerability Although August macro data for APAC countries in general showed continued deterioration, one relative bright spot was tentative signs of stabilization in economic conditions in China. Aside from declining credit growth (aggregate financing eased 0.2ppt to 10.5%), China’s activity data otherwise was encouraging. Examples of recovery signs came […]

The UAE Ministry of Economy continues its push into the Metaverse with the announcement of a “third address” located in a virtual world. 259 Total views 24 Total shares The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse.  According to […]