Bitcoin Near Highest Level Since March 2022, SEC Approves ETFs
Bitcoin, the cryptocurrency, has been trading near its highest level since March 2022 in the trading on the 11th. On the 10th, the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 exchange-traded funds (ETFs) linked to Bitcoin’s underlying assets. This marks the first approval of Bitcoin physical ETFs in the United States. […]
Focus on U.S. Consumer Price Index, Expectations for Direction in the Dollar Exchange Rate upon Release
Today, the eagerly awaited December U.S. Consumer Price Index will be released. This week, the forex market’s attention is centered on this key indicator, yet the dollar exchange rate has not shown a clear direction. The U.S. Consumer Price Index is expected to stop declining from the previous year’s +3.1% to +3.2%. Meanwhile, the Core […]
BTCUSD buy entry at 41362.26. (This is Only half of our entries and 5mins late)
This post is Half of all our entry and 5 mins late. If you want the full signal (entry and close info with Real time), please check Forex Top Team VIP signal ↓ VIP SIGNAL BTCUSD buy entry at 41362.26. Stop is 44180.00 SEC approves Bitcoin ETF. Due to prior false information, price movements […]
U.S. SEC Has Not Approved Bitcoin ETF, Investigating False Announcement on “X”
On the 9th, the U.S. Securities and Exchange Commission (SEC) announced that it has not yet approved the physically-backed exchange-traded fund (ETF) linked to the cryptocurrency Bitcoin. They pointed out that someone fraudulently accessed the account of short-form posting site “X” (formerly Twitter) and posted a false message claiming approval. The SEC reported that they […]
Bitcoin’s Rally Pauses as U.S. Authorities Expected to Approve Physical ETFs
Cryptocurrency Bitcoin, after briefly surging to $47,000 in trading on the evening of the 8th, has seen its rally stall. The U.S. Securities and Exchange Commission (SEC) is believed to be leaning towards approving the first-ever Bitcoin physically-backed exchange-traded fund (ETF). As of 8:56 AM Singapore time on the 9th (9:56 AM Japan time), Bitcoin […]
After Passing the U.S. Employment Statistics at the End of Last Week, Focus Shifts to the U.S. CPI on the 11th – Today’s Market Appears Slow
The foreign exchange market at the beginning of the week has seen relatively quiet price action. USD/JPY is trading in the 144 yen range, while EUR/USD is in the 1.09 range. Despite the stronger-than-expected nonfarm payrolls data from the U.S. at the end of last week, the market didn’t exhibit a one-sided buying spree in […]
The New Year’s market has kicked off with a rebound in the dollar, particularly noticeable in the USD/JPY pair. From the late 140s earlier this week, it has surged to the mid-145s. It has been steadily climbing by over 1 yen per day.
On the side of the stronger dollar, rising US bond yields have been providing support. The FOMC meeting minutes indicated a view that high-interest rates could persist for a longer period. Despite expectations of rate cuts by the end of the year, the impact was not as significant as the dovish shock during the FOMC […]
Dollar Buying Stalls, But Yen Selling Pressure Persists, Awaiting Tomorrow’s U.S. Employment Data
In the New York market yesterday, the dollar saw increased selling pressure. The yield on the U.S. 10-year Treasury bond briefly reached 4% amid the upward trend since the end of last year but fell below 3.9% in the latter half of New York trading. The FOMC meeting minutes showed expectations for rate cuts […]
Will the Dovish Surprise Resurface in the FOMC Minutes?
Today’s focal point appears to be the FOMC minutes released in the early hours of December 14th, Japan time. This meeting previously resulted in a dovish surprise. While the policy interest rate was left unchanged as expected, the FOMC members’ interest rate projections (the dot plot) indicated three 25-basis-point rate cuts in 2024, which […]
CME FedWatch Shows a Decrease in Market Expectations for a Rate Cut this Month to Around 11%
Today, the dollar has been gaining strength, with the dollar-yen pair reaching the 142 yen range, thanks to the rise in US bond yields. In the short-term financial markets, the probability of a 25 basis points rate cut at the US Federal Open Market Committee (FOMC) meeting scheduled for January 31st has decreased to around […]