March 24 2023 🕓 3 min
USD/JPY plunges toward 130; more losses likely
The bearish pressure is expected to continue as there is little support for the USD at the moment.
Market Movers
March 24 2023
Nasdaq to offer crypto services in Q2
Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.
March 24 2023
The EU stock market in red due to banks
The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.
March 24 2023
Bitcoin reportedly entered a supercycle
Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.
March 23 2023 🕓 3 min
Dollar index plunges to 6-week lows after dovish Fed decision
The USD looks to be heading lower as the hiking cycle in the US will be over soon.
March 22 2023 🕓 3 min
GBP/USD jumps after UK inflation; awaits Fed’s decision
Today's headline (FOMC) event could cause significant movements in the financial markets.
March 21 2023 🕓 3 min
EUR/USD approaches 1-mth highs amid USD weakness
Today's trading could be less volatile as market players might stay on the sidelines ahead of tomorrow's Fed decision.
March 20 2023 🕓 3 min
GBP/USD is on the rise – will the new macrodata elevate it even more?
Sterling is edging higher in the battle against the US dollar. New data from Fed and BoE may tip the scales towards the pound.
March 20 2023 🕓 3 min
Dollar index remains weaker ahead of Fed’s decision
The USD could continue heading lower as investors anticipate monetary policy tightening to be over.
March 17 2023 🕓 3 min
USD/JPY tests bullish trend, with focus on Fed and yields
The negative sentiment for the USD could drag the pair further lower as it looks like the Fed's tightening might be over.
March 16 2023 🕓 3 min
EUR/USD hardly moves after today’s ECB decision
Today's ECB decision brought not volatility to the markets, with investors completely ignoring it.
March 15 2023 🕓 3 min
AUD/USD fails at critical resistance
It looks like the recent optimism is over, pushing the AUD down from the critical resistance.
March 14 2023 🕓 3 min
GBP/USD corrects yesterday’s gains, awaits US CPI
Today's US inflation data could pave the way for future rate cuts by the Fed.
March 9 2023 🕓 3 min
EUR/USD pops as investors take profits after greenback’s rally
The greenback could come under selling pressure as bulls have been unable to achieve any progress in the chart.
March 8 2023 🕓 3 min
GBP/USD drops below key support, touches 3-mth lows
The greenback might continue moving higher as Tuesday's Powell speech killed pivot hopes.
March 7 2023 🕓 3 min
AUD/USD drops to 3-mth lows after RBA hike, Chinese data
The Australian dollar declined today as the rate hiking cycle could be over soon in Australia.