Forex Daily News

Bitcoin is a decentralized Digital Currency that you can buy, sell and exchange directly without an intermediary like a bank. It can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger. The bitcoin network of miners …

A crypto launchpad, sometimes called a crypto incubator, is a decentralized exchange (DEX)-a computer-based platform where crypto projects are introduced and can obtain funding. Before being publicly listed, early-stage crypto token sales are made available to the project’s crypto investors. Investors see this as a great chance to profit from …

What Is Binance? Binance is the world’s largest crypto exchange by trading volume, with $76 billion daily trading volume on the Binance exchange as of August 2022, and 90 million customers worldwide. The platform has established itself as a trusted member of the crypto space, where users can buy, sell, …

[ad_1] Australia’s CPI accelerates US PMIs show slight improvement The Australian dollar rose about 40 basis points on Wednesday after Australia’s CPI surprised to the upside, but has reversed directions and is in negative territory. In the European session, AUD/USD is trading at 0.6335, down 0.32%. Australia’s CPI accelerates Australian …

[ad_1] Russell 2000 has staged a major bearish breakdown from its “Symmetrical Triangle” range support in place since June/September 2022 which also coincided with the current major swing lows areas of the Nasdaq 100 and S&P 500 formed last year. A further potential spike up in the ICE BofA US …

[ad_1] Weak PMI readings from the Eurozone, an increase in China’s budget deficit ratio, and renewed inflationary pressures in Australia may trigger a persistent bearish sentiment loop in EUR/AUD. Watch the key short-term resistance at 1.6700 for EUR/AUD. A break below 1.6250 key medium-term support on the EUR/AUD may trigger …

[ad_1] Two-year auction demanded a 5.055% yield, lower than prior auction yield of  5.085% Bid-to-cover 2.64x vs 2.73x prior (lower than 1-year average) Flattening trade remains: 2-year yield +3.2bps; 5-year +0.2bps; 10-year -1.9bps; 30-year -2.7bps With US debt becoming a focal point for traders, Wall Street is now paying close …

[ad_1] Weak eurozone PMIs point to further economic deterioration UK data roughly in line but downside risks remain EURGBP threatens to break above range resistance It’s been another mixed session on Tuesday with investors potentially eyeing important events later in the week. The PMIs across Europe earlier in the day …

[ad_1] US October Flash Services PMI rose to 50.9 vs 49.9 expected, highest reading since July 2023 Eurozone October Flash Services PMI fell to 47.8 vs 48.6 eyed, lowest reading since Feb 2021 Eurozone October Flash PMI fell to 43.0 vs 43.7 eyed, 16th straight month of contraction The US …

[ad_1] Australia’s inflation expected to decline The Australian dollar has extended this week’s gains. In the North American session, AUD/USD is trading at 0.6357, up 0.36%. Australia’s inflation expected to continue falling Australia releases inflation on a quarterly basis, which magnifies the significance of each release. We’ll get a look …

[ad_1] UK labour market cools UK Manufacturing and Service PMIs decline The British pound is slightly lower on Tuesday, after climbing 0.68% a day earlier. In the European session, GBP/USD is trading at 1.2218, down 0.23%. UK job growth, unemployment rises The UK has released “experimental” employment data on Tuesday, …

[ad_1] OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights and events for this week; ECB monetary policy meeting (consensus is expecting a pause on interest rates in the Eurozone after ten consecutive rate hikes), Australia’s Q3/monthly (Sep) inflation data, and US PCE inflation data …

[ad_1] Japanese PMI point to softness in manufacturing and services Speculation rises that BoJ could tweak yield control policy The Japanese yen has edged higher on Tuesday. In the European session, USD/JPY is trading at 149.44, down 0.18%. Japan posts soft PMIs Japanese Flash PMIs for October failed to impress, …

[ad_1] USD/JPY’s current year-to-date outperformance has started to dissipate based on a shorter-term one-month rolling basis. A disappointing Japan Services PMI (flash) for October has failed to ignite an intraday bullish movement in USD/JPY. Three main factors that are likely to be the cause; intervention risk, inter-market expectations, and momentum. …

[ad_1] US 10-year yield above 5% for first time since 2007 Economic fears mounting NAS100 survives test of key support It’s been a jittery start to the week, with the continued rise in US yields making investors very nervous about what challenges lie ahead for the economy. We’ve heard a …

[ad_1] Bitcoin hits $31,000, highest levels since July Michael Saylor’s MicroStrategy Bitcoin position turns positive (average $29,582 purchase price) Major bond market yield reversal keeps cryptos broadly supported (Eth up 3.4%, Solana up 2.4%, and Dogecoin up 4.9%) Bitcoin is rallying alongside tech stocks as the bond market has a …

[ad_1] 10-year Treasury tested 5.00% for the first time since 2007 This latest bond market selloff could lead to a harder-hitting economic slowdown Strategists don’t believe the recent data support this bond market move; strong buying emerged once yields hit 5.00% Wall Street is trying to understand how the US …

[ad_1] Euro rally continues Germany, eurozone PMIs to be released on Tuesday The euro has started the week with strong gains and has pushed above the 1.06 line. In the North American session, EUR/USD is trading at 1.0624, up 0.45%. The euro has been rallying since Thursday, climbing over 1% …

[ad_1] UK retail sales slide in September UK releases employment data on Tuesday The British pound is showing very limited movement on Monday. In the North American session, GBP/USD is trading at 1.2154, down 0.07% UK employment expected to slide The UK delayed has delayed the release of employment and …

[ad_1] Broke below a key ascending trendline on last Friday, 20 October that has acted as support for prior down moves since December 2022. Implied volatility of Nasdaq 100 measured by the CBOE VXN Index has staged a significant bullish breakout and rallied to a 7-month high of 25.31. Key …

[ad_1] USD/JPY briefly pushes below 150 Japan releases PMIs on Tuesday The Japanese yen is trading quietly on Monday. In the European session, USD/JPY is trading at 149.98, up 0.07%. The yen showed little movement last week, hovering just shy of the symbolic 150 line. The lack of movement has …

[ad_1] The recent three weeks of rally seen in spot Gold (XAU/USD) has been driven by geopolitical risk premium and positive momentum. The rise in the price actions of spot Gold has ignored the increase in the long-term opportunity cost of holding gold as the US 10-year Treasury yield rallied …

[ad_1] OANDA Senior Market Analyst Craig Erlam joins Jonny Hart and Trader Nick to discuss UK retail sales and consumer confidence, and market sentiment going into the weekend. Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are …

[ad_1] US Now that Fed Chair Powell signaled that the Federal Open Market Committee will keep rates on hold at the next policy meeting, Wall Street will look to see how high growth will peak before the economy cools in Q4.  Expectations are for the advance reading of Q3 GDP …

[ad_1] UK retail sales -0.9% in Setember (-0.3% expected) UK Gfk consumer confidence -30 in October (-20 expected) GBPUSD losing momentum near recent lows UK consumers are reining in spending in the run-up to the festive season and the latest survey from Gfk suggests it’s not just the weather that’s …

[ad_1] Canada to release retail sales later today Fed’s Powell says inflation still too high, lower growth needed The Canadian dollar has edged higher on Friday. In the European session, USD/CAD is trading at 1.3688, down 0.23%. Canada releases retail sales later today, which could result in volatility from the …