USD/MXN fades bounce off multi-month low near $18.50 amid dicey markets
The USD/MXN pair seesaws around $18.40, after bouncing off the lowest levels in nearly five years. This aptly portrays the market’s inaction during early Monday as the US Dollar seeks next catalyst to extend the previous week’s run-up. Last week, the US Dollar Index (DXY) posted the heaviest run-up since September 2022 amid hawkish Fed […]
Solana in the Green After Weekend Deep Freeze
Good morning Asia, here’s how the crypto market is moving this Monday. Solana is up early 4% after the protocol crashed twice during the weekend, freezing transactions. The Solana Foundation says an investigation is underway into the cause of the crash and will be available shortly. Meanwhile, bitcoin is trading flat at $23,475. The world’s […]
Rebounds from 0.6730 support confluence
The AUD/USD is currently licking its wounds while printing mild gains around 0.6735-40 after bouncing off a seven-week low during early Monday’s sluggish session. This corrective move is likely due to a convergence of the 100-DMA and an upward-sloping support line from late November 2022, as well as the nearly oversold RSI (14). However, the […]
Shiba Inu Launches Shibarium Portal to Boost Adoption, Warns Crypto Traders to Avoid Beta Tokens
Shiba Inu, the team behind the highly anticipated layer-2 blockchain Shibarium, recently released the ‘Join Shibarium’ portal. The portal is a hub for developers, content creators, business owners and job seekers to get involved with the Shiba Inu ecosystem. Lead developer Shytoshi Kusama is hopeful that the portal will help the team to find the […]