Dutch Crypto Exchange Bitvavo Expects at Least 80% Recovery from DCG
Bitvavo, an Amsterdam-based cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading […]
BNZ now expects the RBNZ cash rate to peak at 5% (vs. 5.5% prior forecast)
<p>BNZ still forecast a 50 rate hike on February 22 from the Reserve Bank of New Zealand.</p><p>The revision to the terminal rate comes after the jobs data earlier:</p><ul><li><a href="https://www.forexlive.com/news/new-zealand-jobs-report-for-q4-2022-unemployment-rate-34-expected-33-20230131/" rel="follow" target="_self" class="article-link vertical-align-baseline">New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%)</a></li><li><a href="https://www.forexlive.com/news/nzdusd-drops-a-few-points-after-the-new-zealand-jobs-market-report-20230131/" rel="follow" target="_self" class="article-link">NZD/USD drops a few points after the New […]
Expects volatility contraction amid Ascending Triangle formation
A recovery in investors’ risk appetite has led to a correction in USD/JPY. The volatility is contracting amid an Ascending Triangle formation. The 21-EMA is continuously providing support to the US Dollar. The USD/JPY pair has corrected gradually to near 130.15 after printing a fresh three-day high at 130.89 on Monday. The asset has corrected […]