EUR/USD consolidates losses below the 1.1400 mark. Dollar, yields rebound on better mood in the risk universe. EMU Q4 GDP figures next of relevance in the docket. EUR/USD has broken below the 1.1400 support on Tuesday in response to the significant improvement in the risk-associated universe. EUR/USD recedes from 2020 tops near 1.1500 After printing […]

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.

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

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

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.

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.

Strategists at Westpac Institutional Bank stuck last week with the view that ‘USD/JPY will indeed head lower’ given that other than a ‘large flow’ there was no logical reason for the pair to have done what it did late Feb. They are questioning now how long it could go. Key quotes “We have to note