<p>After a period of tranquility, the Ethereum ecosystem is gradually regaining momentum with the rise of the Restaking. As seasoned DeFi participants, DeSyn has consistently focused on developing the Ethereum network. Previously, DeSyn initiated the launch of the 3x ETH Leveraged ETF based on sharp market insights, aiming to promote diversit
Blogs
Heads up: Fedspeak one to watch in the session ahead
<p>This week won't feature the sort of hot and heavy data docket that we got last week. That will only continue next week when we get to the US CPI report, which arguably is still the most important data point for markets. As for the remainder of this week, the focus looks set to turn […]
China's exchanges said to be restricting stock selling by some hedge funds
<p>According to Reuters, a quant hedge fund trader in southern China said that "our line was unplugged". Adding that orders to sell stocks on the fund's broking platform were rejected. In a similar case, a Shanghai-based quant fund manager said that they could not go through with sell orders today as the broker's trading s
USDCAD Technical Analysis – Watch what happens around this resistance
<p>USD</p><ul><li>The Fed <a href="https://www.forexlive.com/centralbank/federal-reserve-leaves-rates-unchanged-at-525-550-20240131/">left interest rates unchanged</a> as expected while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.</li><li&
Dollar trades back to little changed as markets remain tentative
<p>The dollar is now trading more mixed but overall little changed against the rest of the major currencies bloc:</p><p>There are still a couple of key technical developments to be wary about this week though. So, while the moves today are light, it doesn't mean that they don't hold much significance.</p><ol>
Eurozone December retail sales -1.1% vs -1.0% m/m expected
<ul><li>Prior -0.3%; revised to +0.3%</li></ul><p>On the year, Eurozone retail sales fell by 0.8% and that arguably owes much to the lackluster performance by Germany. As for the December month, retail food sales were seen down 1.6% on the month while non-food retail sales were down 1.0% on the month.</p> This ar
UK January construction PMI 48.8 vs 47.3 expected
<ul><li>Prior 46.8</li></ul><p>The reading still shows a contraction but at least it is the highest since August last year. That shows some improvement in overall activity with the fall in new orders this time around being rather marginal. House building (44.2) remains the worst performing segment with marginal decline
Euro area consumers see lower near-term inflation expectations – ECB survey
<ul><li>Median rate of perceived inflation over the previous 12 months was 6.9% (previously 7.6%)</li><li>Median expectations for inflation over the next 12 months was 3.2% (previously 3.5%)</li><li>Consumer expectations for nominal income growth seen at 1.2% (unchanged)</li><li>Expectations for nomin
ECB's de Cos says confident that inflation is moving back to target
<p>We all know for a while now that they've been acknowledging the positive developments on the inflation front. However, that is still not enough for policymakers to state a clear timeline on when they may look to pivot – at least for now.</p> This article was written by Justin Low at www.forexlive.com.
Germany January construction PMI 36.3 vs 37.0 prior
<ul><li>Prior 37.0</li></ul><p>The misery continues for Germany's construction sector to start the new year. January observed sustained declines in activity, new orders and employment. Looking at the details, housing activity remained the worst performer alongside a deeper downturn in commercial building projects.