Author: FX
(USDT) has seen a significant increase in its trading volume in Brazil, representing 80% of all Brazilian crypto transactions by 2023, according to the Receita Federal. The surge began in July 2020, and by July 2022, USDT had outpaced , reaching over R$271 billion ($49 billion) by mid-October 2023. This figure is nearly double Bitcoin’s trading volume of R$151 billion ($27 billion). The growth of USDT’s trading volume has surpassed the combined volumes of key cryptocurrencies such as Bitcoin (BTC), (ETH), Brazilian real stablecoin (BRZ), (USDC), and . Despite a downturn of 24.3% in overall crypto transactions during the industry…
US Dollar (DXY) News and AnalysisFed holds interest rates but nods to ever tightening conditionsAre U.S. treasuries signaling a peak in interest rates?Markets turn to fundamental data to gauge the effect of restrictive policyThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryFed holds interest rates but acknowledges Further tightening conditionsYesterday the Federal Reserve held interest rates steady at 5.25 – 5.50% for the second consecutive meeting. This was largely expected but markets had been pricing in the possibility of a one more rate hike before…
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nasdaq 100, CAC 40 Analysis and ChartsDow stronger in wake of Fed decisionThe index’s rally was given fresh impetus by the Fed decision last night, which saw a more balanced outlook from Jerome Powell. The index has climbed to its highest level in two weeks, continuing its rebound from the lower low. The next target is the 200-day SMA, followed by the 34,000 level.Sellers will need a reversal back below 33,000 to negate the short-term bullish view.Dow Jones Daily ChartSee How IG Sentiment Affects the Outlook for the Dow Jones of…
S&P 500 futures are now up 24 points, or 0.6%, on the day as stocks are being bid up since European traders got to their desks this morning. European indices themselves are now up around 1.3% to 1.8% across the board and that is helping to underpin risk assets in broader markets on the session.S&P 500 futuresThe dollar is being dragged further down as a result, with EUR/USD rising up by 0.5% to 1.0620 and AUD/USD up 0.8% to a high of 0.6442 on the day. USD/CAD is also down 0.3% to 1.3810 as oil prices are up nearly 2%…
Share: The US Dollar has been a little weaker over the last 24 hours. Economists at ING analyze Greenback’s outlook. DXY to drift towards 106.00 For today, the focus will be on the weekly jobless claims data – where any decent jump higher can knock the US Dollar – and the volatile Durable Goods Orders series. Do not expect big moves before Friday’s US jobs report, but we would say the Dollar’s downside is vulnerable today. US Dollar Index (DXY) to drift towards 106.00. Source link
November has NOT been good for GBP/AUD so far as the pair has fallen from its 1.9150 highs all the way to its 1.8942 current prices. In case you’ve been too busy updating your monthly spreadsheets, you should know that the Australian dollar is getting some support from higher Australian inflation and retail sales data, expectations of a November RBA interest rate hike, and China – Australia’s largest trading partner – taking steps to boost its economy. Meanwhile, weak U.K. growth numbers are encouraging growth concerns and limiting GBP’s demand. And that’s even with the markets anticipating no…
RAND TALKING POINTS & ANALYSISMTBPS, manufacturing PMI and vehicle sales data paint a poor picture of the local economy.US jobs data in focus later today.USD/ZAR finds resistance at 18.50 and 200-day MA.USD/ZAR FUNDAMENTAL BACKDROPMacro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment – Get you FREE guide now! Foundational Trading Knowledge Macro Fundamentals Recommended by Warren Venketas The South African rand rallied yesterday and this morning against the US dollar after the Federal Reserve decided to keep interest rates on hold (expected). Markets viewed the pause in a dovish light despite Fed Chair Jerome…
Novo Nordisk GAAP EPS of DKK 5.00, revenue of DKK 58.73B; raises FY23 sales guidance Source link
© Reuters. FILE PHOTO: A view of the Asiana Airline’s head office in Seoul August 8, 2013. REUTERS/Kim Hong-Ji By Heekyong Yang and Hyunsu Yim SEOUL (Reuters) -South Korea’s Asiana Airlines said on Thursday its board had approved the sale of the company’s cargo business – an important step towards allaying EU competition concerns about a proposed takeover by Korean Air Lines. Korean Air, the country’s biggest carrier, said in a statement following the decision that it had submitted a package of remedies to the European Commission – remedies that also include it divesting routes to some European Union cities.…
The AUDUSD is trading at session highs and trading up 0.70% on the day. The gain is only behind the NZDUSD which has moved up 0.80% so far today. The rise is being helped by a divergence of rates. The FOMC yesterday kept rates unchanged with what was perceived as a more dovish tilt. Meanwhile, the RBA is scheduled to meet on November 7th with the bias tilting to a rise of 25 basis points to 4.35%. Although the Australia 10 year yield is down 3 bps today to 4.797%, the yield has moved from 3.963% to 4.797% or 83…