AUD/USD Forex Technical Analysis – Trend Change Puts .7275 – 7341 Retracement Zone on Radar

The Australian Dollar is climbing on Thursday as investors banked on reports the Omicron coronavirus variant was only mild in its effects meant its spread would only be a short-term drag on the global economy. The early morning strength puts the Aussie at its highest level since November 24 and in a strong position to […]

Binance introduces BNB Auto-Burn to replace quarterly burn protocol

Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism.  In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned […]

Brokers name 3 ASX shares to buy today

Booktopia Group Ltd (ASX: BKG) According to a note out of Morgans, its analysts have retained their add rating but slashed their price target on this online book retailer’s shares to $2.78. This follows the release of a trading update which revealed guidance well short of Morgans’ estimates. This has led to the broker taking an […]

AUD/USD Forex Technical Analysis – Sustained Move Under .7118 Pivot Could Trigger Break into .7063

The Australian Dollar is edging lower early Thursday as the risk of a faster U.S. Federal Reserve tapering and early rate hikes roiled global markets to the benefit of the U.S. currency. The news is also helping to underpin Treasury yields early in the session. The early price action suggests short-sellers have their eyes on […]

Short bets on Asian FX rise as Omicron uncertainty grips markets: Reuters poll

Investors became increasingly bearish on most Asian currencies as the detection of a possibly vaccine-resistant coronavirus variant and subsequent mobility restrictions by several countries soured risk appetite, a Reuters poll showed on Thursday. Bullish bets on the Indonesian rupiah and Malaysian ringgit reversed, while short positions on the Thai baht, Singaporean dollar and South Korean […]

InstaForex Extends Sports Sponsorship Deal with Borussia Dortmund

InstaForex has extended its sponsorship deal with German football club Borussia Dortmund for another game season, the online forex trading platform announced on Thursday. The trading company first inked a partnership deal with the football club in 2019, meaning it will continue to sponsor the club for the third consecutive year. Under the agreement, InstaForex gained the […]