DCFX-TA

DCFX-TA Updated 

The last time the crypto reached current levels, interest rates were near zero. Now a supply-demand imbalance is eclipsing the outlook of higher-for-longer interest rates.

DCFX-TA Updated 

• US Treasury yields are on the rise, giving near-term support to the USD. • Investors are waiting for the US Core Personal Consumption Expenditures Price Index. • XAU/USD gains bearish traction in the near term, but not everything is lost for bulls.

DCFX-TA Updated 

Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy institutional buying, while smaller rival ether topped $3,200 for the first time in two years. Bitcoin has rallied more than 10% in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about...

DCFX-TA Updated 

Although digital instruments managed to slightly restore their positions, they are still under pressure of increased attention from the authorities to the activities of cryptocurrency companies. Recall that earlier, the US Securities and Exchange Commission (SEC) sued the largest exchanges Binance and Coinbase, accusing them of trading in prohibited assets and...

DCFX-TA

Asian markets approached Wednesday cautiously in anticipation of a forthcoming U.S. inflation report, which holds potential to influence the Federal Reserve's timeline for implementing monetary easing. Concurrently, the New Zealand dollar experienced a significant decline following the central bank's softened stance on interest rates. New Zealand's central bank...

DCFX-TA

The latest data from the U.S. Commodity Futures Trading Commission and LSEG indicates a decrease in speculators' net short positions on the U.S. dollar, coinciding with the greenback's rebound amid reduced expectations of Federal Reserve easing in March. The value of net short dollar positions fell to $9.799 billion, down from $12.7 billion the previous week,...

DCFX-TA

Investors entered 2023 with trepidation, mindful of the previous year's turbulence and remained wary about recession risks, geopolitical unrest, and potential rate hikes. Yet, as the year unfolded, the bond market revealed a resilient streak. Despite volatility peaks, with the 10-year Treasury yield hitting 5% before receding to 3.88%, the government bond market...

DCFX-TA Updated 

In the absence of significant economic releases, the movement of the yen is generally driven by external factors. It is worth noting the latest comments of the new head of the Bank of Japan, Kazuo Ueda. Today, speaking in parliament, he said that the regulator will continue to achieve the central bank's inflation target of 2.0%, easing monetary policy, even though...

DCFX-TA Updated 

CRYPTOCURRENCY MARKET REVIEW The cryptocurrency market resumed active growth: BTC is trading around 30900.00 (+10.0%), ETH is at 2120.00 (+14.3%), USDT is around 1.0003 (+0.05%), BNB is at 335.00 (+7.1%), and USDC – around 0.9988 (+0.02%). The total market capitalization has grown to 1.288B dollars, and the share of BTC was 46.34%. The quotes are supported by...

DCFX-TA Updated 

MSCI's global equity index was down slightly on Monday after hitting record highs the week before as investors took a breath while they waited for the next batch of U.S. economic data. U.S. Treasury yields rose slightly while the dollar fell slightly against a basket of currencies including the euro although it gained ground slightly against the yen.

DCFX-TA Updated 

• Gold price oscillates in a narrow trading range around $2,035 on the softer USD. • Four Fed officials emphasized that they don’t see an urgent case to cut rates and more evidence of inflation data is needed. • The ongoing Middle East geopolitical tension might boost traditional safe-haven assets like gold. • The January Chinese Consumer Price Index (CPI) and...

DCFX-TA

The main reason for the upward dynamics was the escalation of the armed confrontation between Israel and Hamas, which led to instability in the market and forced investors to redirect their capital to shelter assets. The current consolidation is explained by the uncertainty of further developments. Thus, the United States and several other countries are making...

DCFX-TA Updated 

nvestors focus on the actions of the US Federal Reserve in the face of a significant decline in inflation, cooling of the labor market, and instability of the banking sector. Thus, Treasury Secretary Janet Yellen said that after the bankruptcy of Silicon Valley Bank and Signature Bank last month, conditions for access to credit could tighten, which would put...

DCFX-TA Updated 

- Litecoin (LTC) experiences intense volatility prior to its halving event. - The halving event is expected to reduce the mining reward for LTC from 25 to 12.5 coins. - Price fluctuations are observed as investors panic sell and others hold on to their positions. - The trading range remains relatively tight during this period. - Uncertainty surrounds the impact of...

DCFX-TA Updated 

The XRP/USD pair is gradually losing ground gained last month against a positive outcome for Ripple in a lawsuit against the US Securities and Exchange Commission (SEC).

DCFX-TA Updated 

Today, the XAU/USD pair has ambiguous dynamics: growth to the 1985.50 mark was replaced by a decline in quotations and now the price is in the 1981.50 area. In general, the pressure on prices over the past few weeks is due to the expected tightening of monetary policy by the world's leading regulators. Today, the RBA has already done this by raising the interest...

DCFX-TA Updated 

The XAU/USD pair shows flat dynamics, being located near 1960.00. Market activity remains subdued as market participants await the publication of new macroeconomic statistics, as well as the results of the US Federal Reserve and the European Central Bank (ECB) meetings. The European regulator may raise the interest rate by 25 basis points to 4.00%, while the US...

DCFX-TA Updated 

The XAU/USD pair is consolidating near 1955.00, while waiting for the publication of new drivers on the market. The focus of investors will be meetings of the Bank of England and the National Bank of Switzerland on the interest rate, which will be held on Thursday, June 22. Current forecasts suggest a 25 basis point increase by the UK regulator to 4.75%, while the...