Kraken Faces SEC Probe over Unregistered Securities Offerings
Cryptocurrency exchange, Kraken, is facing an investigation by the US Securities and Exchange Commission (SEC) over concerns about offering digital assets that could qualify as unregistered securities. According to a Bloomberg report, the investigation is already in the advanced stages and could soon result in a settlement. However, neither the regulator nor the cryptocurrency exchange […]
AUD/USD bounces on RBA but still faces Powell hurdle
The RBA delivered with a 25 bps rate hike as expected but it was a change to the forward guidance that really helped to give the aussie a boost so far today. A notable change is that the central bank removed the wording that policy is not on a “pre-set course”, instead choosing to emphasise […]
NZD/USD faces some consolidation near term – UOB
According to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, NZD/USD could navigate within 0.6400 and 0.6535 in the next few weeks. Key Quotes 24-hour view: “We held the view that NZD ‘is likely to trade sideways within a range of 0.6465/0.6510’ yesterday. Our view of sideways trading was […]
Elon Musk faces SEC probe for role in Tesla self-driving claims
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
Pound faces mid-Atlantic as markets eye BOE blink :Mike Dolan By Reuters
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska By Mike Dolan LONDON (Reuters) -Whatever new year fillip the euro zone economy got from ebbing prices, the UK saw none of it – […]
Aussie faces finest hour. Forecast as of 17.01.2023
2023.01.17 2023.01.17 Aussie faces finest hour. Forecast as of 17.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It’s hard to remember the times when the AUDUSD had so many growth drivers. Support from Chinese exceptionalism, the Fed’s move from the standard 25-basis-point rate hiking, and the strength of the Australian economy are the reasons for the pair’s rally. Let’s discuss […]