Failure to defend 379 could mean a deeper down move towards 372 – SocGen
EUR/HUF Faces Resistance at 399/402, Indicating Possible Pullback Towards 372 and 367 The currency pair of the euro and the Hungarian forint, EUR/HUF, has recently faced a resistance level at the 200-day moving average (DMA) near 399/402. According to analysts at Société Générale, a break below this level could lead to further losses towards 372 […]
KDDI joins the list of validators on Oasys Blockchain
Oasys Blockchain has added KDDI, a Japanese telecommunications company, to its list of validators. The blockchain network, known for its successful partnerships, recently added KDDI to the list of validators that SoftBank entered in February 2023. The addition of KDDI to the list of validators reaffirms the network’s mission to promote the adoption of blockchain […]
No meaningful contagion yet for Asia-Pacific from US banks and Credit Suisse turmoil
S&P Global Ratings has just released a review that assesses the economic recovery risk of Asia-Pacific in light of the global banking crisis. Here are some of the key takeaways from the report: Growth Outlook: According to the report, the growth in annual real GDP in Asia-Pacific will average at the mid 4% level over […]
Ethereum Co-Founder Says Crypto Ecosystem Has Never Been Better or Stronger
Ethereum co-founder Joseph Lubin believes that the strength and health of the crypto ecosystem has never been stronger. While there are a few financial headwinds and banking issues for some companies in the crypto space, Lubin says that the number of conferences and interest in cryptocurrency has continued to rise. He attributes the success of […]
BoJ won’t move on YCC before July – MNI
Former Bank of Japan (BoJ) board member, Makoto Sakurai, has said that the fall in bond yields and more stable yen gives incoming governor Kazuo Ueda time to consider modifications to yield curve control. However, no change is to be expected before July as policymakers monitor global growth and Japanese wage negotiations. “The new governor […]
Why Bitcoin Could Be Less Than 120 Days Away From Retesting ATHs
Bitcoin is currently experiencing a pullback after a strong rally that took its value from $20,000 to $29,000 in just two weeks. This surge has left many speculating that a bottom may have been reached. If this turns out to be true, based on Bitcoin’s historical trends, the cryptocurrency could be retesting all-time highs again […]
6.8749 vs. the prev fix of 6.8714
The yuan, also known as the renminbi, is the official currency of the People’s Republic of China. It has been subject to a lot of scrutiny in recent years due to its perceived undervaluation, which some countries claim is a deliberate strategy employed by the Chinese government to boost their exports. Regardless of the reason, […]
Binance CEO CZ rejects allegations of market manipulation
Binance CEO, Changpeng Zhao, has denied allegations of market manipulation following the Commodities Futures and Trading Commission (CFTC) complaint which was filed against the company. In a recent blog post, Zhao stated that Binance does not trade for profit or manipulate the market under any circumstances. According to Zhao, while Binance does trade in certain […]