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According to recent reports, the Ministry of Finance in Japan is actively considering the implementation of a central bank digital currency or CBDC. To explore this possibility, the Ministry is setting up a professional panel, which is set to convene in the coming month. The conference will be responsible for thoroughly evaluating the feasibility of … Read more
As we look forward to the new week, reflecting on the currency movement in the past week is important as economic data continues to trickle in from nations worldwide. USD/CHF Technical Analysis The USD/CHF currency pair has experienced a significant decline recently, falling below the convergence of the 20 and 50-day exponential moving averages (EMA) … Read more
The global risk appetite improved in the first week of March. The Dow Jones saw an uptick of 1.79% in the US, while the S&P followed suit with a 1.86% increase. In Europe, the Dax 40 increased by 2.59%, while the FTSE of London was up 0.46%. The Nikkei 225 gained 1.73% in Asia, while … Read more
The EUR/USD pair rose above the 1.06000 level, fueled by a boost in risk appetite weighing heavily on the US dollar. The greenback was also impacted by a surge in US equities, which closed with weekly gains. Additionally, data from the US indicated that the services sector continued to grow steadily in February. In addition … Read more
On Thursday, the USD/JPY pair increased to 137.08 following an economic data release in the US. This increase marked the lowest level for the pair since December 20th, 2022. However, despite the initial boost, the pair could not maintain its hold above the 137.00 level, fluctuating around 136.60. Regarding the economic data released, there were … Read more
Gold Struggles to Capitalize on Monday’s Rebound Gold, one of the most sought-after precious metals, has struggled to gain in recent trading sessions. On Monday, the price of gold might recover, following a brief rebound from $1,807-$1,805. However, any optimism was quickly dampened as fresh supply emerged early on Tuesday, resulting in the precious metal … Read more
GBP/USD Finds Neutral Ground Amidst Downward Trend At the beginning of the trading day, the pair experienced a slight increase in price which brought it up to the 1.2075 price region. However, this increase was short-lived, as the pair encountered a fresh supply, or an increase in sell orders, during the afternoon trading session. This … Read more
USD/JPY Remains Stable as Traders Await Key Economic Reports On Tuesday, the USD/JPY exchange rate showed little movement as traders hesitated to take new positions ahead of several critical economic reports coming out of the United States. The cautious approach of investors stems from the potential impact these reports could have on the value of … Read more
USD/JPY Faces Turbulent Week with Yen Hitting 2023 Lows The USD/JPY pair has had a turbulent week, with the yen dropping to its lowest value of 2023 at 135.11. This drop comes after a week of market volatility, as investors sought refuge in safe-haven currencies amidst the Ukraine-Russian conflict. Despite this tumultuous week, the USD … Read more
Japan’s XRP Popularity Skyrockets The Proposed Cryptocurrency Licensing Regulation in Hong Kong Uchida Shinichi, Japan’s central bank executive director, announced in a Liason and Coordination Committee meeting that the bank intends to introduce a central bank digital currency. The release is set to be on April 2023, after a prosperous proof of concept (PoC). A … Read more
Payback LTD Review The cryptocurrency market has shown impressive trends over the past decade, with dramatic ups and downs. Moreover, we witnessed online scammers entering the digital asset sector. That triggered the emergence of chargeback companies like Payback LTD. These are firms that help fraudulent victims recover money lost to internet scammers. Payback LTD’s knowledgeable … Read more
The Japanese candlestick charting technique has been widely used for centuries in the world of trading. One of its key patterns, the Spinning Top, is a symbol of indecision in the market and can play a crucial role in a trader’s decision-making process. Moreover, this intriguing pattern features unique characteristics, making it a subject worth … Read more