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<p>The South Korean government is contemplating strict measures against the use of crypto-mixing services. The country's financial authorities are gearing up to introduce regulations specifically targeting virtual asset 'mixers,' which have become a tool exploited by illegal organizations for money laundering activities. </p

CAD CPI in FocusUSDCAD is moving higher today ahead of tomorrow’s Canadian CPI release. The market is expecting CAD CPI to have slipped further last month. M/M CPI is pegged at -0.3%, down from the prior month’s -0.1% while annually, median CPI, is forecast to hold steady at 3.4%. However, given the M/M expectations, there […]

Quiet Start in FXWe’re seeing a relatively muted start to the week with US markets offline today due to the MLK holiday in the states. The US Dollar remains in the green on Monday, despite light flows, though there appears to have been little impact from last week’s stronger-than-forecast December US CPI reading. Headline inflation […]

TitlePotential Bearish MomentumTypeBearish ReversalPreference:Price has just reversed off the pivot point of 1.34038 which is a pullback resistance level and could potentially drop lower from here; we could see momentum carry price down to its 1st support at 1.33397 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.

Middle Tensions Supporting GoldGold prices remain in the green across early European trading on Monday, extending gains from Friday. Risk sentiment remains subdued amidst ongoing global geopolitical unrest. News of a US warship shooting down an attempted missile strike from Houthi rebels has prompted fears of fresh US/UK strikes in Yemen, further r

The price of Bitcoin has gone south after a decision by the SEC Commission on the launch of several BTC ETFs. Afterwards, the asset’s price rebounded, dived under the resistance level of 45500, and formed a bullish trap. Bitcoin might rebound back to the broken resistance level of 45500 and drop. Otherwise, it could also […]

Daily Market Outlook, January 15, 2024Munnelly’s Market Minute…“Nikkei Tests Levels Not Seen Since 1990”Asian stocks traded within a narrow range due to the absence of significant catalysts over the weekend. Global markets were expected to have a subdued session on Monday as a result of the extended weekend in the US. The Nikkei 225 continued [&hel

TitleResistance at 38.2% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.67278 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.66557 which is a pullback support level.Alternati