Bitcoin Price Update and Forecast: Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown: BTCUSD daily chart within the Donchian Channel with RSI Donchian Channel Basis Acting as a Magnet:The basis of the Donchian Channel sits at […]
Author Archives: gtiqy
25
Dec
Dec
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate […]
25
Dec
Dec
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
25
Dec
Dec
The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker rate […]
25
Dec
Dec
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
25
Dec
Dec
UBS analysts suggest that the Federal Reserve is likely to maintain its cautious stance, holding off on further rate cuts until core inflation declines further. The bank forecasts that core inflation will slow to below 2.5% by the time of the June Federal Open Market Committee (FOMC) meeting, which could provide the Fed with the […]
25
Dec
Dec
MUFG Bank expects the euro to weaken against the dollar, potentially approaching parity in the first quarter of 2025, before stabilizing and staging a moderate recovery in the second half of the year. The forecast reflects the persistence of macroeconomic divergence early in the year, a dynamic the bank sees as a key driver of […]
25
Dec
Dec
Christmas Eve in the US will include a shorten day in the US. The stocks will close early at 1 PM, the US bond market will close at 2 PM. The USD is mixed vs the major currencies: EUR +0.12% JPY -0.04% GBP-0.15% CHF +0.18% CAD +0.32% AUD +0.27% NZD +0.23% US stocks are mixed […]
25
Dec
Dec
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
25
Dec
Dec
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]