West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.85 on Friday. The WTI price steadies as the escalation in the Russia/Ukraine conflict offsets a less aggressive rate cut expectation from the Federal Reserve (Fed). Oil traders will closely monitor the developments in the Russia/Ukraine conflict. Any signs of escalation could raise […]
The Japanese Yen (JPY) strengthens across the board following the release of strong November consumer inflation figures from Tokyo, Japan’s capital, which backs the case for another Bank of Japan (BoJ) interest rate hike in December. Apart from this, geopolitical risks stemming from the Russia-Ukraine war, concerns about US President-elect Donald Trump’s tariff plans and […]
USD/JPY is tumbling, breaking through its 200-day moving average after Tokyo’s inflation data shocked to the upside. With US Treasury yields losing steam and thin markets amplifying moves, traders are eyeing a deeper downside flush. Could the yen’s resurgence have more room to run? Overview An upside inflation surprise, signs of US Treasury yields peaking, […]
A Bitcoin indicator created by the on-chain analytics firm Glassnode has just given a signal that could suggest the exhaustion of selling pressure in the market. Bitcoin Seller Exhaustion Has Just Registered A Spike In a new post on X, Glassnode has shared an update on the Seller Exhaustion Composite for the Weekly-Monthly Bitcoin traders. The “Seller […]
Vancouver Mayor Ken Sim’s plan to embrace Bitcoin reflects growing interest in crypto’s potential, with BTC recently hitting over $98,000 Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by […]
The proposal aims to make Hong Kong a top choice for global asset managers by leveraging tax exemptions amid competition with Singapore. Hong Kong is moving to solidify its status as a financial and crypto hub by proposing tax exemptions for hedge funds, private equity funds, and high-net-worth family offices, the Financial Times reported on Nov. 28. […]
On November 28, 2024, during the festive spirit of Thanksgiving, Eric He, LBank’s community angel officer and risk control adviser, announced on social media that LBank has officially reached 15 million registered users, and shared the thanksgiving for users’ support. Meanwhile, the LBank’s Gratitude Week is in full swing, inviting users to share their personal crypto journey and […]
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FTM Technical Analysis Summary: Although price is in a downtrend, there are positive signs with a higher low. Wait for a breakout above $0.50 or a pullback to $0.40 for swing trade opportunities, with TP at $0.62 and SL at $0.36.
OP Technical Analysis Summary: Although price is in a downtrend, it has broken out of a Falling Wedge and could rise to $1.90. This is a riskier trade as it’s a reversal against the overall downtrend.
