Liquid has suspended all trading operations on its platform in line with instructions from FTX Trading, the firm announced on Twitter on Nov. 20. The statement indicates that Liquid exchange paused “all forms of trading” because of the operation of the Chapter 11 process in the Delaware courts. “We have since done so while we
In the morning forex technical report from Greg Michalowski, the markets are seeing some consolidation in most of the pairs into the US session. The EURUSD is battling around its 100 hour MA with the 38.2% holding support earlier this week on the downside and the 200 day MA looming above as a key resistance
With Turkey Day coming up, it will mean market activity or at least interest will be sapped alongside liquidity conditions later in the week. Thanksgiving will fall on 24 November (Thursday) and will come after the release of the FOMC meeting minutes on Wednesday. As such, expect broader markets to try and sort out its
Gold prices ticked lower on Monday, after marking its worst week in five, pressured by a pop in the US dollar while traders awaited further cues on central banks’ interest rates strategy. The Fed at its December meeting is still expected to raise rates by half a percentage point, a view endorsed by other Fed
Dollar opened the week broadly higher, following last week’s late recovery. Swiss Franc also picks up some buying, especially against Euro and Sterling. Commodity currencies are mixed for now, with Canadian Dollar having an upper hand. Yen is also mixed as corrective trading continues. The week is relatively light with holidays. But there are still
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBPUSD could navigate within a range bound theme before attempting a move higher. Key Quotes 24-hour view: “We highlighted last Friday that ‘the price movements appear to be part of a broad consolidation’ and we expected GBP to ‘trade
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The USDCAD is making a break above the 200 hour MA and 38.2% of the move down from the high from last week (start of the last trend leg down that bottomed near the 100 day MA this week). The break has been met with more momentum. The next target is at the 50% of
The major US stock indices are trading higher in early US trading on this Friday, but the indices are off their pre-market futures levels as well. The early US pre-market levels had the major indices showing: Dow industrial average up 210 points after yesterdays -7.51 point decline S&P index up 34.44 points after yesterdays -12.23
Although prices cooled down from their 14-year high hit in March, crude oil prices remain extremely volatile on uncertain macroeconomic conditions. A cut in global oil demand forecast by agencies like Energy Information Administration (EIA) and OPEC, easing tensions between Russia and Ukraine, concerns over China’s demand, and a G7-proposed price cap on Russian oil
USDJPY prepares to finish the week with gains of more than 1%. Even though the USDJPY plunged towards 137.50s, the bias remains upward. USDJPY Price Analysis: Break below 137.50, a fall to the 200-DMA is on the cards; otherwise, the 100-DMA is eyed. The USDJPY is set to finish the week almost flat, dropping in
Native cryptocurrencies turned out to be the biggest factor contributing to the demise of numerous exchanges and ecosystems this year, most recently during the FTX collapse. Korea’s financial authority, Korea Financial Intelligence Unit (KoFIU), took notice of the same as it launched a probe into crypto exchanges in relation to listing their in-house, self-issued tokens.
The AUDUSD has been trading above and below the 100 day MA over this week (see blue arrows). The week started with the pair consolidating the gains from last week and just hung around that MA level. On Tuesday, the price moved higher, reaching the high for the week at 0.6797. On Wednesday when that
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Gold was headed for a weekly fall on Friday as the recent rally fizzled after several U.S. Federal Reserve officials suggested that interest rates would continue to rise, pouring cold water on market expectations that the U.S. central bank would pivot. FUNDAMENTALS * Spot gold was steady at $1,761.29 per ounce, as of 0017 GMT.
Federal Reserve officials’ hawkish commentary bolstered the US Dollar, except against the New Zealand Dollar. US Existing Home Sales tanked, flashing an upcoming recession in the United States. Reserve Bank of New Zealand’s upcoming monetary policy meeting would determine NZDUSD direction The New Zealand Dollar (NZD) regained composure and finished the week up by 0.50%
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