March 2020

NZD/USD reports losses as Asian equities remain risk averse

The risk-off tone in equities is likely weighing over NZD/USD. Technical charts are reporting a death cross, a major bearish indicator. NZD/USD is flashing red amid risk-off tone in Asian equities. The currency pair is currently trading at 0.6315, representing a 0.30% loss on the day, having hit a high of 0.6359 in early Asia. […]

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AUD/USD barely moves in response to below-forecast China PPI

AUD/USD sees little action post-China inflation data release. The PPI fell more than expected in February while CPI growth missed estimates. Fed rate cut bets and potential risk recovery may bode well for the Aussie. AUD/USD remains sidelined near session lows after a below-forecast China inflation data. The Producer Price Index fell by 0.4% year-on-year

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Industry Execs Claim Freshly Minted ‘Virgin Bitcoins’ Fetch 20% Premium

A few blockchain surveillance companies like Cyphertrace have recently published reports on criminal activities tied to bitcoin usage and the studies mentioned the topic of “virgin bitcoins.” According to industry executives, freshly minted bitcoins with no transaction history can sell for a 10-20% premium compared to coins sold on the open market. Even though the

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Bitcoin Price Prediction: BTC/USD draws closer to $7,000 – Confluence Detector

Bitcoin price opens the Pandora Box with a dip under $8,000. BTC/USD could still free fall to $7,000 for a lack of formidable support areas. Bitcoin price bears are not leaving any stone unturned as selling pressure rampages across the crypto universe. Numerous support levels tumbled as BTC/USD explored how deep the rabbit hole goes.

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Japan’s top currency diplomat Takeuchi: Will watch market moves with greater sense of urgency

According to Japan’s top currency diplomat Takeuchi, the government will watch market moves with a greater sense of urgency. Additional headlines Worry about the US economy over coronavirus impact a major factor behind nervous mkt moves. Excess volatility in fx market is undesirable. Will respond to excess volatility as appropriate in accordance with G7 statement.

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Ringgit meneruskan penurunan minggu lalu untuk dibuka rendah berbanding dolar AS

KUALA LUMPUR: Ringgit meneruskan penurunan minggu lalu untuk dibuka rendah berbanding dolar AS pagi ini apabila pelabur beralih kepada mata wang selamat berikutan kebimbangan terhadap penularan COVID-19 dan kejatuhan harga minyak global, kata peniaga. Pada 9.20 pagi, unit tempatan berada pada 4.1970/2020 berbanding dolar AS daripada paras penutup 4.1700/1750 pada Jumaat minggu lalu. Seorang peniaga

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Australian PM Morrison considers ‘Rudd era’ cash handouts to mitigate coronavirus economic fallout – Sky News

Australian Prime Minister (PM) Scott Morrison revealed on Monday, his government is considering a Kevin Rudd-style cash handout as part of its multi-billion-dollar coronavirus stimulus package. Additional points “The Coalition will also consider dishing out hundreds of millions in cash to small businesses – most likely those with a turnover of $50 million or less

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Ringgit merosot berbanding dolar AS untuk dibuka rendah

KUALA LUMPUR: Ringgit merosot berbanding dolar AS untuk dibuka rendah hari ini berikutankebimbangan mengenai COVID-19 telah menjejaskan minat pelabur terhadap unit tempatan. Pada 9.13 pagi, unit tempatan rendah kepada 4.1730/1770 berbanding dolar AS daripada 4.1575/1625 semasa ditutup semalam. Ketua Strategi Pasaran AxiCorp Stephen Innes, berkata aktiviti mengelak risiko global dan harga minyak yang rendah berikutan

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USD/JPY prints six-month low as US yields slide on coronavirus pandemic fears

Yen is drawing bids as US yields are losing ground. Investors are selling risk as coronavirus is beginning to look like a pandemic. USD/JPY is feeling the pull of gravity with coronavirus-led risk-off in full swing in Asia. At press time, the currency pair is trading in the red near 105.90, having hit a six-month

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Ringgit meneruskan momentum kenaikan berbanding dolar Amerika Syarikat (AS)

KUALA LUMPUR: Ringgit meneruskan momentum kenaikan berbanding dolar Amerika Syarikat (AS) didiorong oleh harapan pakej rangsangan yang dilancarkan oleh pemimpin Group of Seven (G-7). Pada 9.01 pagi, mata wang tempatan meningkat kepada 4.1700/1750 berbanding dolar daripada penutup Rabu 4.1780/1830. Ketua Ahli Strategi AxiCorp, Stephen Innes, berkata ketidaktentuan di rantau ini berkurangan, dengan sokongan pemimpin G-7,

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