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 […]
Brace for volatility contraction ahead of RBNZ policy
The NZD/USD pair is trading below the immediate resistance of 0.6260, as investors await the interest rate decision from the Reserve Bank of New Zealand (RBNZ). The New Zealand Consumer Price Index (CPI) has not yet shown any signs of inflationary pressures peaking, so a continuation of an interest rate hike is expected from RBNZ […]
Bitcoin Holds Near $25K Despite Fall in Non-Zero Balance Addresses – Here’s Where BTC Could Go Next
Bitcoin held close to yearly highs just below $25,000 on Monday, with the world’s largest cryptocurrency by market capitalization higher by about 2.0% on the day after rebounding strongly from a brief dip back under $24,000 earlier in the session. Bitcoin’s rebound from the $21,000s last week and ongoing resilience has surprised many analysts. Many […]
EUR/USD is parked in an inside day range, traders await the next cue
The EUR/USD currency pair has been stuck in a range and is awaiting major data this week. Traders of the Euro and the US Dollar will have both Eurozone and US economic data to potentially kickstart some major moves in EUR/USD. On Monday, the Euro has travelled a small distance between 1.0670 and 1.0704 vs. […]