Forex looks to flip the (stable)coin
Friction-free foreign exchange is the prize offered by stablecoins such as Tether and USDC. But the prize remains elusive Source link
Friction-free foreign exchange is the prize offered by stablecoins such as Tether and USDC. But the prize remains elusive Source link
đź—‚ Sector Overview: Emerging Leaders and Lagging Sectors The semiconductor sector is witnessing a remarkable upswing today, with major players like NVIDIA (NVDA) climbing 1.46% and Micron Technology (MU) surging by 4.32%. These gains underscore a renewed investor confidence amid news of advancements in chip technologies. On the other hand, the consumer cyclicals are facing
The Labor Department released a report on Thursday showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 7th. The report said initial jobless claims dipped to 227,000, a decrease of 5,000 from the previous week’s revised level of 232,000. Economists had expected jobless claims to fall to 220,000
Forex markets are relatively subdued today, with most major pairs and crosses confined within yesterday’s ranges. After recent volatility, positioning appears balanced as traders await a stronger catalyst to drive the next move. Sterling is modestly firmer despite weaker-than-expected UK GDP data. December growth came in soft and the fourth quarter barely managed a positive
Tesla faces mounting challenges as European sales slump and leadership shake-up continues ​Tesla is confronting a challenging start to 2026 as slowing electric vehicle (EV) deliveries, particularly in Europe, continue to reshape its growth narrative and prompt a strategic refresh of its global sales leadership. ​European sales decline accelerates ​Recent data show Tesla’s European sales
TD Securities analysts note that UK GDP for December matched expectations at 0.1% month-on-month, but downward revisions to November left Q4 growth at 0.1% quarter-on-quarter, below consensus and Bank of England projections. The bank notes narrow sectoral strength and a sluggish broader economy, suggesting this could influence marginal MPC voters toward a potential rate cut
​​​Solana tries to regain lost ground ​Over the past few weeks, Solana (SOL) has been the centre of intense selling pressure, a dramatic shift from the tentative stabilisation many traders hoped would continue through early 2026. ​What began as a pullback quickly evolved into a pronounced sell-off that exposed persistent vulnerabilities in Solana’s price structure, reaffirming
Key takeaways Rebound losing momentum: Gold staged a sharp 15.7% bounce from the $4,405 low but is now showing signs of bullish exhaustion below the key $5,170 resistance, with price action stalling above the 20-day moving average at $4,940. Supportive macro correlations fading: The usual inverse relationship with the US dollar has weakened, and the
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2026.02.12 2026.02.12 Short-Term Analysis for Oil, Gold, and EURUSD for 12.02.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The oil price turned
There aren’t any major expiries to take note of on the day, with the full list seen below. There are some largish ones for EUR/USD at the 1.1750-60 levels but they aren’t likely to feature into play. The dollar is firmer after the stronger US jobs report yesterday but not really enough to set off
Risk sentiment was mixed in Asia today as Japan returned from holiday with Nikkei extending its post-election surge and briefly breaching the 58,000 mark for the first time on record. The breakout, however, lacked follow-through, with the index quickly trimming gains and hinting that near-term momentum may be stretched. Elsewhere in the region, trading was
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Markets will be watching closely on Thursday, when the United Kingdom’s (UK) Office for National Statistics (ONS) will release the advance estimate of Q4 Gross Domestic Product (GDP). If the data land in line with consensus, the UK economy would have continued to grow at an annualised pace of 1.2%, compared with 1.3% recorded the
When will BHP report its latest earnings? BHP Group’s is set to deliver its half-year (HY) results for the period ending 31 December 2025 on Tuesday, 17 February 2026. Company backdrop BHP’s last full-year results for financial year (FY) 2025, ending June 2025, painted a challenging picture, reflecting a significant dip in profits. Underlying attributable
Summary: Japan says it has not lowered its guard against FX volatility. Atsushi Mimura reiterates high-urgency monitoring stance. Refuses to comment on speculation of rate checks. Yen rebounds sharply from near 160 per dollar. Close contact with US authorities emphasised. Japan’s top currency official reiterated that authorities remain on high alert over foreign exchange volatility,
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