Failure to hold 18.30 to open up decline towards 17.90/17.60 – SocGen
The Mexican Peso is one of the best-performing EM currencies in the world, with a gain of nearly 6% YTD. This impressive performance has caused analysts at Société Générale to ponder the possibility of a move below 18.00 in the USD/MXN pair. The USD/MXN pair has been on an upward trend since the start of […]
Canopy Growth announces agreement with institutional investor to purchase up to $150 million of convertible bonds
Canopy Growth Corp. (CGC, WEED), a Canadian cannabis company, announced on Tuesday an agreement with an institutional investor to purchase up to $150 million of senior unsecured convertible bonds. Under the terms of the deal, the investor has purchased an initial $100 million of the bonds and will purchase the remaining $50 million once certain […]
South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution
South African startup Momint has recently announced the launch of Suncash, an initiative that seeks to ease the country’s power generation challenges by utilizing a blockchain-based solution. The initiative involves investors buying non-fungible tokens (NFTs) linked to solar cells, which are then leased to institutions such as schools and hospitals. The minimum purchase price for […]
When is the Canadian consumer inflation (CPI report) and how could it affect USD/CAD?
Statistics Canada is set to release the consumer inflation figures for January on Wednesday, at 13:30 GMT. The headline CPI is expected to increase by 0.7% during the reported month, more than the 0.6% decrease in December. The yearly rate is anticipated to ease to 6.1% from 6.3% in the previous month. Furthermore, the Bank […]
AUD/USD remains heavily offered below 0.6900 mark amid stronger USD, risk-off mood
Rewrite and expand this content to 800 words Share: AUD/USD meets with a fresh supply on Tuesday and reverses a major part of the overnight gains. Hawkish Fed expectations, recession fears boost the USD and weigh on the risk-sensitive Aussie. Hawkish-sounding RBA minutes fail to impress bullish traders or lend any support to […]
Quant Analyst PlanB Reveals Bitcoin Forecast, Says BTC May Shatter $1,000,000 Price Tag
Rewrite and expand this content to 800 words Bitcoin Quantitative analyst PlanB is mapping out his Bitcoin forecast for the next three years. In a new video, the analyst updates BTC’s stock-to-flow ratio, which is typically used to forecast the future price of scarce commodities. The ratio is essentially calculated by dividing the amount of […]
NZD/USD surrenders 0.6240 as market mood dampens, RBNZ hogs limelight
The NZD/USD pair has experienced a sharp decline below 0.6240 in the early European session. The Kiwi asset is expected to remain on a downward trajectory as investors have become increasingly anxious ahead of the opening of the US markets after an extended weekend. The S&P500 futures are showing losses as the US markets are […]
Binance Convert Adds GNS
Fellow Binancians, We are excited to announce that GNS has been added to Binance Convert. This means that users can now trade GNS against BTC, USDT and any other tokens supported by Binance Convert without paying any fees. Getting started with Binance Convert is easy. If you are on the website, click “Trade”, and select […]
XAU/USD continues to struggle above $1,840 as yields soar ahead of Fed minutes
Gold prices have been struggling to remain above $1,840.00 as yields continue to increase ahead of the release of the Federal Open Market Committee (FOMC) minutes. The risk appetite of investors has been reduced due to the uncertainty surrounding the opening of the US markets after an extended weekend. This has led to a further […]
Binance Completes Integration of Rupiah Token (IDRT) on Polygon Network, Opens Deposits and Withdrawals
Fellow Binancians, We are delighted to announce that Binance has successfully completed the integration of Rupiah Token (IDRT) on the Polygon network. Deposits and withdrawals for Rupiah Token (IDRT) are now open on the Polygon network. Rupiah Token (IDRT) is a blockchain-based digital asset that is designed to function as a medium of exchange and […]