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Market Analysis

Bitcoin Holds Key Support as On-Chain Data Shows Fresh Accumulation

Bitcoin finished July on a strong note before losing momentum at the start of August with two straight daily closes below $63,000. The decline has raised fresh caution even as blockchain data points to steady buying aro…

2 min read

Chinese Yuan: Strengthening toward 6.7300 against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang sees USD/CNH trading slightly higher within a developing range, with intraday levels expected between 6.7500 and 6.7620. On a 1–3 week horizon, the pair could continue to edge…

1 min read

Nothing Britain does moves the Pound against the Dollar

The Pound Sterling (GBP) trades near 1.3450 against the US Dollar (USD) on Tuesday, higher by 0.11% inside a session range of 36 pips, the second sub-40-pip day cable has produced inside a week. The pair holds above the…

7 min read

Dollar Pressured by Strength in Stocks and Lower Crude Prices

The dollar index (DXY00) is down by -0.06% today. The dollar is under pressure today as hopes for a deal to reopen the Strait of Hormuz have boosted stocks and knocked crude oil prices sharply lower. The slide in crude …

2 min read