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Tether introduces UAE Dirham-pegged stablecoin

Tether introduces UAE Dirham-pegged stablecoin

Key Takeaways Tether’s new stablecoin is fully backed by UAE-based liquid reserves. Tether aims to be a pioneer in the UAE’s crypto market by being among the early adopters of the new regulatory framework. Share this article Tether, the issuer of the largest stablecoin in the digital asset sector, announced Wednesday it is developing a […]
Rates Spark: US Payroll Revisions Could Challenge Recovered Sentiment

Rates Spark: US Payroll Revisions Could Challenge Recovered Sentiment

Markets are moving cautiously in anticipation of today’s US payroll revisions. Estimates vary, but chances are we’ll see a significant downward revision of earlier payroll numbers. With risk sentiment still fragile, the balance of risk seems to be tilted towards lower yields and steeper curves. depositphotos US payroll numbers were probably significantly lower than previous estimatesAfter a clear […]
Sensex Today Trades Lower; Nifty Below 24,700

Sensex Today Trades Lower; Nifty Below 24,700

Stocks in Asia declined after a rally on Wall Street halted within striking distance of its all-time highs.Shares fell in Japan, Australia, and South Korea, after the US benchmark edged lower to end an eight-day winning streak.US markets took a breather on Tuesday to snap their longest rally this year, with all three major indexes […]
US Dollar Weakness Persists

US Dollar Weakness Persists

Image Source: Pexels  We’re still looking at healthy risk appetite and broad based US Dollar weakness into the mid-week. As a reminder, investors are feeling a lot better about the US economy avoiding recession and enduring a softer landing.Video Length: 00:01:03More By This Author:US Equities Once Again Pushing Record Highs Goldman Shaves US Recession Probability US […]
FX Daily: Revision Risk

FX Daily: Revision Risk

Image Source: Pexels  The market seems to be in the mood to sell dollars. Fuel for that dollar selling today could be some benchmark revisions to US job numbers. These could show a US jobs market far less strong than was initially thought. Combined with the release of the FOMC minutes from the 31 July meeting, the case […]
AUD/JPY Forecast: Australian Dollar Pulls Back Against The Japanese Yen

AUD/JPY Forecast: Australian Dollar Pulls Back Against The Japanese Yen

The first thing I notice is that we have given back an attempt to break out to the upside and it suggests that perhaps we are not quite ready to see enough momentum come into the market to push things to the upside for a bigger move. That being said, the market will continue to […]
USD/CHF: Downtrend Continues With Further Decline Likely

USD/CHF: Downtrend Continues With Further Decline Likely

USD/CHF has failed to break above the falling trend line on the 4-hour chart, leading to a sharp drop from 0.8748, extending as low as 0.8520. Current Trend Downtrend in Place: The pair remains in a downtrend from 0.9050 as long as the price stays below the falling trend line. Further Decline Possible: The next […]
BTC/USD Forex Signal: Stuck In A Range But A Breakout Likely

BTC/USD Forex Signal: Stuck In A Range But A Breakout Likely

Bullish view Buy the BTC/USD pair and set a take-profit at 63,000. Add a stop-loss at 56,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 58,000 and a take-profit at 55,000. Add a stop-loss at 63,000. Bitcoin price made a short-lived breakout to $61,470 on Tuesday and then moved back to its previous range of […]
Elliott Wave Technical Analysis: Ripple Crypto Price News Today

Elliott Wave Technical Analysis: Ripple Crypto Price News Today

Elliott Wave Analysis TradingLounge Daily Chart,XRP/ U.S. dollar(XRPUSD)XRPUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave IIIDirection Next higher Degrees: wave I of ImpulseWave Cancel invalid level: Details: the five-wave Increase of wave IIIXRP/ U.S. dollar(XRPUSD)Trading Strategy:Overall, the correction seems to be coming to an end. Look for an opportunity to join the uptrend from a short-term correction […]
Metal Markets Report For Tuesday, Aug 20

Metal Markets Report For Tuesday, Aug 20

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:40More By This Author:SPDR ETF Report For Tuesday, Aug 20Financial Markets Report For Tuesday, Aug 20SPDR ETF Report For Monday, Aug 19