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AUDUSD Potential for Bearish Drop to intermediate support
Looking at the H4 chart, my overall bias for AUDUSD is bearish due to the current price being below the Ichimoku cloud, Looking for a sell entry at 0.68610 where the overlap support and the recent swing low. We are looking to take profit at 0.66573, where the intermediate support is and 50% Fibonacc
EURJPY: Long Position Confirmation
In EURJPY daily time frame chart, an uptrend is ongoing. Market is recently tested the major structural support of 137.500. #OPINIONLEADER# A Bullish Engulfing candlestick is shown after testing structural support. Bullish engulfing candlestick shows the entry of buyers in
Alert list: RBI says 34 entities can't deal in forex, operate trading platforms
The central bank has been cautioning the public not to undertake forex transactions on unauthorised ETPs or remit/deposit money for unauthorised forex transactions The Reserve Bank of India on September 7 issued a list of 34 entities that are neither authorised to deal in foreign
EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1686; (P) 1.1721; (R1) 1.1756;
Intraday bias in EUR/USD remains neural with focus on 1.1752 support turned resistance. Decisive break there will argue that corrective pull back has completed. Intraday bias will be turned back to the upside for retesting 1.2011. On the downside,
Is SushiSwap an Exit Scam? Crypto Community Decries DeFi’s Newest AMM
Photo: Pixabay
SushiSwap’s SUSHI token holders were left holding the bag this weekend after ‘Chef Nomi’, the project’s pseudonymous founder, suddenly sold $13 million worth of the tokens. The apparent financial exodus from the project has led some to decry the automated market maker (AMM) as an ex
Pound Weakens As Brexit Fears Mount
The pound fell sharply against its major counterparts in the European session on Tuesday, amid fears that the UK would leave the European Union without a trade deal.
The UK and EU negotiators began the latest round of Brexit negotiations in London today. The talks have stalled because of deadlock
PrimeXBT Launches Crypto Copy Trading Powered by Covesting
Photo: Covesting
Cryptocurrency trading firm PrimeXBT has officially went live with its copy trading platform, which was developed in a B2B partnership with European digital asset exchange Covesting.
The combined offering allows less-versed cryptocurrency users to automatically copy the trades of
Paysafe Taps Kraken Exchange for Cryptocurrency Liquidity
Photo: Bloomberg
Paysafe Group plc (PAYS.L), a provider of digital payments and solutions, has onboarded US-based exchange Kraken to participate in its network of OTC cryptocurrency liquidity providers.
This collaboration backs Paysafe’s launch of its own crypto buy and sell services where Skrill
Nordnet Reports Record Q2 Revenue, Profits Jump 349%
Photo: Stockholm, Sweden (Reuters)
Nordnet, a savings and investment platform operational in Sweden, Norway, Denmark, and Finland, has published its financial reports for the second quarter of 2020, ending on June 30, showing total revenue of SEK650.3 million ($73.35 million) – a 75 percent year-o
Europe remains upbeat despite US – China tensions
European bourses are pointing to a positive start after hopes of more US stimulus and upbeat US earnings overnight are overshadowing rising Western tensions with China.
Even as the Republicans and Democrats remain far apart on how much to spend in this next round of stimulus, the markets are optimis
BNP Paribas Asset Management Names Steven Billiet as Head of APAC
Photo: Bloomberg
BNP Paribas Asset Management announced this Wednesday that it has appointed a new Head of Asia Pacific, with Steven Billiet, a veteran within the region, to succeed Ligia Torres, who will be retiring from the France-based company.
BNP Paribas Asset Management is the dedicated, aut
US Dollar Index remains under pressure near 96.00 ahead of key data
DXY struggles for direction and trades close to the 96.00 level.
Risk appetite trends continue to weigh on the dollar on Wednesday.
Industrial Production, NY Empire State index next of relevance.
The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, is wobbling
GBP/JPY Price Analysis: Bulls cheer break of 100-day EMA beyond 135.00
GBP/JPY remains positive near three-week top.
Bullish MACD backs upside break of 100-day EMA to suggest further rise.
50% of Fibonacci retracement acts as additional support.
GBP/JPY eases from the intraday top of 135.41 to 135.31 during Thursday’s Asian session. However, the pair still flashes 0.0
Pull-up Update