EUR/USD has completed a correction to 1.0889. A growth link to 1.0949 is expected today. Practically, a consolidation range is forming around 1.0950. With an escape from the range upwards, the quotes could rise to 1.1050. With a downward escape, the potential for a price decline to 1.0770 might open.
Financial markets stabilize after central bank bonanza
Following the previous week’s highly volatile action amid major central banks’ monetary policy announcements, markets seem to have stabilized to start the new week.
Spot Bitcoin ETF will be ‘bloodbath’ for crypto exchanges, analyst says
$42,896 exchange-traded fund (ETF) in the United States, some analysts are warning this could potentially trigger unwanted consequences for cryptocurrency exchanges.
Japanese Finance Ministry to front-load reductions in 20-year bonds – Reuters
Citing two government sources, Reuters reported on Tuesday that the Japanese Finance Ministry is considering bringing forward its plan to reduce 20-year bonds by JPY200 billion ($1.39 billion) from January.
AUD/JPY Price Analysis: Jumps ahead of BoJ’s decision, remains below 96.00
The AUD/JPY registered solid gains of 0.55% on Monday, taking advantage of a scarce appetite for safe-haven assets, with speculators eyeing central bank rate cuts for the next year. Nevertheless, the Bank of Japan (BoJ) is the only outlier and is expected to keep rates unchanged on Tuesday. At the time of writing, the pair is trading at 95.72, virtually unchanged, as Tuesday’s Asian session begins.
The people using flight loopholes to save dollars
In travel news this week: the world’s most attractive city destinations, why fake olive oil is on the rise and the flight-booking hack travelers love but airlines hate.
US stocks end mixed, nab seventh week of gains as dollar rebounds
NEW YORK, Dec 15 (Reuters) – Wall Street stocks wobbled to a mixed close and the dollar bounced back on Friday as market participants caught their breath at the end of a week loaded with central bank policy decisions and crucial economic data.
Forex Today: Dollar tumbles on Fed’s pivot despite US economy still outperforming
In the last full week of 2023, volume will likely start to fade ahead of the holidays. However, the economic calendar shows many relevant events. Regarding central banks, the focus will be on comments from policymakers after a series of monetary policy meetings, including those of the Fed, the ECB, and the BOE. Next week, the Bank of Japan will have its meeting. The most important report form the US will be the core PCE.v
U.S. SEC Denies Coinbase’s Push for Crypto Regulations as ‘Unwarranted’
The U.S. exchange had formally petitioned the agency to start writing comprehensive crypto rules, but after “careful” consideration, the SEC said no.
Apple customers are starting to receive their new $60 ‘FineWoven’ iPhone cases — and the early reviews are rough
Apple customers say the company’s new $60 FineWoven iPhone cases retain scratches and stains easily and look faded after even a short period of use.