Author: FX

USDJPY 30 minsUSD/JPY is at a session low, down 120 pips to 133.29 as part of a broad US dollar selloff. The decline has extended since the release of an in-line jobless claims number.It’s all about flows at this time of year as market participants position for 2023. S&P 500 futures are now up 30 points to 3836, or 0.8% in a strong rebound from yesterday’s slump.Bond market trading is thin but there’s some pain there for the US dollar with US 10-year yields down 3 bps to 3.85% on the day.The claims data is the only thing on today’s…

Initial Jobless Claims in the US increased by 9,000 in the week ending December 24. US Dollar Index stays in negative territory near 104.00. There were 225,000 initial jobless claims in the week ending December 24, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 216,000. Further details of the publication revealed that the advance seasonally adjusted insured unemployment rate was 1.2% and the 4-week moving average was 221,000, a decrease of 250 from the previous week’s revised average. “The advance number for seasonally adjusted insured unemployment…

Bitfarms president succeeds company co-founder as CEO Source link

Binance CEO “Reasonably Sure” About API Key Leakage on 3Commas CEO of Binance is reasonably sure about the leakage of API keys in 3Commas.On-chain sleuth teaches a soft lesson with the database of API keys worth billion.3Commas come out clean after an investigation into a possible inside job fails to show evidence. The Chief Executive Officer (CEO) of Binance, Changpeng Zhao cautioned the crypto Twitter community and instructed them to disable the API (Application Programming Interface (NASDAQ:)) keys stored in 3Commas. Zhao made the warning call as he was reasonably sure that there was an API key leakage from 3Commas.…

KEY POINTS: Recommended by Zain Vawda Get Your Free JPY Forecast Most Read: US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPYUSD/JPY FUNDAMENTAL BACKDROPUSD/JPY continued its decline from the Asian into the European session following the Bank of Japan’s unplanned bond purchase operation, the second in a day. The Yen is looking to snap five days of losses against the greenback.The Bank of Japan announced an unplanned bond buying operation for the second time in a day as it attempts to cap yields. The Central Bank has offered to purchase unlimited amounts of and 2- and 5-year notes as well…

Xie is said to have expressed disappointment with the result of the digital yuan trial in select provinces and cities, noting that “the cumulative circulation of the digital currency in the two years of trial has been only ¥100 billion”. Adding that the usage has been “low and highly inactive”.Despite China being among the leaders in developing central bank digital currencies, Xie says that the digital yuan business had no synergistic effect and no commercial benefits in banks’ business.That’s at least some insight into the experiment so far and is likely a similar view held among central bank officials as…

Economists at Citi look for an end to the US Dollar’s mighty ascent. CAD to strengthen once broader USD strength wanes “We expect the US Dollar rally since 2021 to exhaust itself sometime in 2023 and then to reverse course. This is partly because the Fed is likely to stop raising interest rates more aggressively than other G10 central banks as economic growth slows.” “Positioning for dollar strength has become a crowded trade as investors seek out “safe haven” assets amid uncertainty. The US has large trade and fiscal deficits that should prompt softening over time.” “We expect the Canadian…

Most traders are guilty of being perfectionists. Traders are always on the look out for the best indicators and the best trading strategies in the effort of constantly improving their trading performance. However, perfection is impossible to attain if forex trading. This is because trading statistics is always a result of probabilities. There would be some wins and some losses. Although perfection should not be the goal, this habit of continually improving should lead traders to trade setups with the best opportunities. One of the best opportunities in the forex market often occur during price extremes. This is because market…

Antioquia Gold GAAP EPS of $0.00, revenue of $22.37M Source link

AUD/USD trades with caution as Chinese influences push markets into a watchful mode. Source link