Sun, February 25, 2024

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5% US 2-Year Yield Battle: 2023’s Market Outlook

Quick Look US 2-year Yield remains static above 5%, with market positioning aggressively net-short. Federal Reserve’s policy is expected to maintain the target range at 5.25% – 5.50% in the near term. A significant reduction in net-short exposure for US 2-Year Notes, hinting at potential yield declines. Technical analysis suggests a challenging environment for the …

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The Dollar Rises As Rising Inflation Signals Rate Hikes

Global Markets React to Economic Shifts & Data

Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …

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cryptocurrency

Treasury Hits 1.43B ADA Cardano: A 66.7% Revenue Boost

Quick Look ADA Cardano’s revenue skyrocketed by 66.7% quarter-over-quarter (QoQ), with its Treasury ballooning to 1.43 billion ADA. The average daily transactions on the network saw a notable increase of 10.9% QoQ. Despite a minor decline in active staking by 0.5% QoQ, the total value locked (TVL) in USD. A massive surge of 166% QoQ …

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digital euro

Euro Plunges: Central Bank Shifts Spark Market Turmoil

Quick Look The Euro falls against the USD amid global currency shifts. Central bank policies, including potential ECB rate cuts, shape market dynamics. Economic indicators present mixed signals for the Eurozone and the US. Tuesday’s trading session saw the Euro decline significantly against the US dollar, underscoring the dollar’s dominance in the foreign exchange market. …

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Wibest – Yen exchange rate: USD and JPY bills.

USD/JPY Analysis: Influential Factors Affecting Outlook

The USD/JPY currency pair has been a subject of market scrutiny, and its outlook remains influenced by various factors. This analysis delves into the intricate dynamics affecting USD/JPY trading. Current State of USD/JPY Intraday bias for USD/JPY is currently neutral, focusing on crucial support and resistance levels. The market’s direction hinges on the pivotal 145.97 …

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ethereum concept on digital chip

Ethereum Bulls Target $2,350 Amid Range-Bound Trading

Exploring Ethereum’s Recent Price Movements Ethereum, the second-largest cryptocurrency by market capitalization, is currently in a phase of price consolidation at a critical juncture. Traders and investors are keenly observing whether this period signifies the start of a bullish rally or a necessary technical correction. Ethereum’s Gradual Ascent From the $2,240 support zone, Ethereum has …

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The Euro Dragged Down By Additional Sanctions on Russia

EUR/USD Faces Market Uncertainty Amid Economic Factors

EUR/USD Intraday Bias Remains Neutral The EUR/USD currency pair is currently navigating a landscape fraught with uncertainty, maintaining a neutral intraday bias. Market analysts are closely monitoring the pair as it grapples with various factors affecting its trajectory. Technical Analysis Highlights Potential Bearish Trend In technical analysis, the EUR/USD pair is signalling bearish momentum. The …

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Wibest – Yen exchange rate: Japanese yen bills.

Japanese Yen Pre-FOMC: Navigating Economic Winds

Japanese Yen Falters on Disappointing Domestic Data The Japanese Yen (JPY) struggles to gain momentum against the US Dollar (USD) following lacklustre economic indicators. Japanese Retail Sales and Industrial Production figures for December did not meet market expectations, leading to a muted response from the domestic currency. The modest increase in the US Dollar, driven …

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Euro fell before the ECB meeting. What about the dollar?

Euro Holds Strong Under 1.0850 Amid Global Tensions

In the intricate dance of global currencies, the Euro continues its steadfast performance, currently trading below the 1.0850 mark. Despite facing pressures, the single currency has proven resilient, holding onto the crucial 1.0800 level. As geopolitical tensions rise, particularly with the recent deadly attack near the Jordan-Syria border, the Euro stands as a robust contender, …

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Euro

EUR/USD: Euro Seeks Recovery Amid Confidence Dip

Euro Attempts Rebound Amidst Consumer Confidence Dip EUR/USD is striving to retrace recent losses, trading marginally higher, around 1.0850, during the Asian session on Wednesday. The Euro faced downward pressure following the European Commission’s release of preliminary Consumer Confidence data. The data indicated a decline to -16.1 in January, compared to an expected -14.3 and …

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Yen Dollar

Yen’s Wild Ride: BoJ’s Steadfast Stance vs. USD Struggles!

The yen exchange rate is back in focus as the US Dollar (USD) struggles to find demand, leading to a fall below 103.00 on the USD Index during European trading hours. Market participants eagerly await the European Commission’s release of the preliminary Consumer Confidence Index for January. Meanwhile, attention shifts to the US economic agenda, …

Yen’s Wild Ride: BoJ’s Steadfast Stance vs. USD Struggles! Read More »

What is PulseX and how to buy PulseX - Get All Information

What is PulseX and how to buy PulseX – Get All Information

Have you ever thought about what PulseX is all about? What does it represent, and what’s all the fuss about it? First, PulseX, essentially a fork of the Uniswap platform, boasts a diverse feature that sets it apart.  It offers incentives to liquidity providers in the form of PLSX tokens. The primary goal of PulseX …

What is PulseX and how to buy PulseX – Get All Information Read More »

dollar

Analyzing Factors Influencing the Dollar Rate

The dollar rate has become a central concern for investors as they evaluate the likelihood of shifts in the US Federal Reserve’s policy. The CME Group’s FedWatch tool shows a 75% chance of the Federal Reserve implementing rate cuts in March, signalling uncertainty. Concurrently, US Treasury bond yields are recovering from the previous week’s decline, …

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Wibest – Chinese yuan bill.

The Resilience of Chinese Forex: A Look into 2024

In the ever-evolving landscape of global finance, China’s foreign exchange reserves have once again become a focal point. As China continues to assert its economic prowess, recent data suggests a promising outlook for its forex reserves in the coming year. This will be a topic of interest on many China exchange platforms. This article explores …

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