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Category: MAS

  • Alibaba commits $50bn to AI and cloud amid Jack Ma’s return to the spotlight

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    Investor Empires

    Alibaba, the Chinese Technology Group, has announced an investment of 380 billion yuan (41.5 billion pounds) in artificial intelligence and cloud computing over the next three years. The news comes after the general rehabilitation of the company’s founder, Jack Ma, who recently returned alongside President Xi Jinping and other technology…

  • NZDUSD moves back into swing area and between 100/200 day MAs going into the weekend.

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    Investor Empires

    NZDUSD has been trading above and below the 100-day moving average this week but above the 200-day moving average (green line) until the Reserve Bank of New Zealand’s interest rate decision mid-week. The central bank cut interest rates by 50 basis points sending the pair below the 61.8% level but…

  • USDCHF trades between 100/200 hour MAs

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    Investor Empires

    While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is below the current price at 0.8448 (blue line in…

  • USDCHF trades between 100/200 hour MAs

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    Investor Empires

    While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is below the current price at 0.8448 (blue line in…

  • AUDUSD backs off from the 100/200 day MAs. Support near 50% and 100 bar MA on 4H chart

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    Investor Empires

    The AUD/USD pair fell to its lowest level since November 2023 on Monday as Japanese stocks tumbled. However, after breaking below the 2024 low at 0.63614, the price only managed to reach 0.6348 before retracing and starting to recover. Although this recovery had a choppy start mid-week, the pair eventually…

  • AUDUSD moves lower and tests converged 100/200 bar MAs on 4-hour chart at 0.6638

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    Investor Empires

    The AUDUSD traded lower this week, testing the swing zone between 0.6575 and 0.6590. The subsequent move to the upside then tested the top of the swing zone between 0.6677 and 0.66896 (see chart below). Staying within the confines of the “red box” where most of the trading has taken…

  • EURUSD sellers push the pair down to the 100/200 hour converged MAs. Stalls the fall.

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    Investor Empires

    EUR/USD rose yesterday until it reached its 100 and 200 hour moving averages. Sellers took hold of this level and pushed the price lower during the Asian session as buyers came in support against its 100-day moving average (blue line at 1.08074). The price then started to move to the…

  • USDJPY moves back to 100/200 hour MAs

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    Investorempires.com

    USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595 before starting its bounce back higher. This bounce…

  • MAS Regulated Digital Asset Custodian, Propine Introduces Support for Fathom Dollar $FXD Stablecoin on XDC Network

    MAS Regulated Digital Asset Custodian, Propine Introduces Support for Fathom Dollar $FXD Stablecoin on XDC Network

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    bitlyfool

    (Press Release – Singapore, Singapore, May 2, 2024) MAS-supervised trustee Propane Announces support for Fathom Dollar’s FXD, a stablecoin pegged to the US dollar designed to bridge the $5 trillion trade finance gap. This development puts FXD at the forefront of real assets (RWA), leveraging the power of blockchain to…