Financial regulators in Canada have reportedly revoked the licenses of 50 money services businesses (MSBs), including 47 crypto firms, in a sweeping enforcement action aimed at tightening oversight of the digital asset sector. According to recent reports, the authorities in Canada have canceled both existing and new MSB registrations. The move is part of a
The pound strengthened yesterday following the Bank of England’s announcement, lifting against other major currencies. Although the Official Bank Rate held steady at 3.75%, markets were caught off guard by a notably hawkish tone, a sharp contrast to the more dovish commentary from the February meeting. Media reports highlighted: → None of the nine MPC
Brent crude surged yesterday, breaking through key local resistance levels on the XBR/USD chart, and today it has pushed past $110, approaching the multi-year high last seen on 9 March. The price rally is being driven by escalating conflict in the Middle East. Recent reports highlight: → US President Donald Trump attributing responsibility for the
Bitcoin cryptocurrency be expected to fall further to the next support level 65465.00 (which stopped the previous minor correction b at the start of March). Bitcoin recently from resistance area Likely to fall to support level 65465.00 Bitcoin cryptocurrency recently reversed from the resistance area between the strong resistance level 73750.00 (top of wave
Given the strong multi-month downtrend, XRP cryptocurrency be expected to fall further to the next support level 1.3395 (which stopped multiple downward waves from the end of last month – a,ii and ii, as can be seen from the daily Ripple chart below). XRP reversed from key resistance level 1.600 Likely to fall to
US waives Jones Act and the Fed balances soaring energy-driven inflation against a fragile labor market amid escalating Middle East conflict. The Jones Act Waiver: A Strategic Gambit for Energy Relief The White House’s decision to issue a 60-day waiver of the Jones Act marks a significant, if temporary, departure from a century-old protectionist maritime
The Swiss franc will be in the spotlight this week, as investors focus on the upcoming Federal Reserve and Swiss National Bank (SNB) interest rate decisions. The USD/CHF exchange rate was trading at 0.7850, down by 15% from its highest point in 2025. Similarly, the EUR/CHF pair was at 0.9065, down 6.17% below its last
The South African rand is staging a comeback this week, paring back some of the recent losses that started in February. The USD/ZAR exchange rate dropped to 16.62, down modestly from this month’s high of 16.96. So, will the pair continue falling or rebound ahead of the South African Reserve Bank (SARB) and Federal Reserve
On 10 March, a review of the EUR/USD chart revealed: → the long-term downward channel remains intact and provides context for current price action; → the previous sequence of lower lows (A–H) was broken by the emergence of a higher peak, I, with resistance likely near 1.1680. At peak I, bullish momentum waned: after a
The Federal Open Market Committee (FOMC) meeting on March 18 is shaping up to be one of the most closely watched events in recent months. Traders are trying to figure out how the Federal Reserve will react to rising inflation pressures caused by rising energy prices. Because of rising geopolitical tensions in the Persian Gulf,