Gold (XAU/USD) trades slightly firmer on Monday as investors weigh the evolving Federal Reserve (Fed) monetary policy outlook alongside improving sentiment in risk assets. At the time of writing, XAU/USD is trading around $4,087, up nearly 0.50% … [Continue reading]
XRP rises above $2.00 supported by ETF inflows and stable derivatives market
Ripple (XRP) is trading at around $2.06 at the time of writing on Monday, as buyers push to regain control despite a generally bearish cryptocurrency market. The cross-border remittance token opened Monday’s trading at $2.05, building on the … [Continue reading]
Australian Dollar steady as US Dollar weakens on Fed rate cut bets
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Monday ahead of the looming key inflation update this week. Traders will likely observe Australia’s first “complete” monthly CPI on Wednesday for October to gain further impetus … [Continue reading]
NZD/USD softens to near 0.5600 as RBNZ rate cut looms
The NZD/USD pair loses ground to near 0.5605 during the early Asia session on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) amid expectations that the Reserve Bank of New Zealand (RBNZ) will deliver a rate cut at the … [Continue reading]
Leverage Shares to launch Bitcoin and Ethereum funds in Europe amid market collapse
Leverage Shares plans to launch 3x and -3x leveraged Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) for European clients next week, despite a dip in the crypto market.Leverage Shares plans to launch leveraged crypto funds next … [Continue reading]
Forecasting the week ahead: Focus remains on US data and ECB speakers
The US Dollar (USD) finished the week with modest gains of 0.89% yet reached six-month highs of 100.39. Nonfarm Payroll figures, Federal Reserve speakers and fears of a possible bubble linked to Artificial Intelligence (AI) and technological stocks, … [Continue reading]
EUR/USD pressured as USD gains traction on uneven data and Fed divide
EUR/USD posts moderate losses during the North American session on Friday as the US Dollar (USD) holds firm after the release of mixed economic data and dovish comments by Federal Reserve (Fed) officials. The pair trades at 1.1504, down 0.20%, after … [Continue reading]
Why is Bitcoin crashing? Three key reasons behind the sell-off
Bitcoin's (BTC) decline has been sustained by three fundamental factors, including uncertainty around a December rate cut by the US Federal Reserve (Fed), increased selling from digital asset treasuries (DATs) and growing concerns over Strategy's … [Continue reading]
Dow Jones Industrial Average rebounds on hopeful Friday
The Dow Jones Industrial Average (DJIA) caught a healthy rebound on Friday, climbing over 700 points to round out an otherwise bearish trading week. Key Federal Reserve (Fed) officials sounded more willing to deliver an upcoming interest rate cut … [Continue reading]
Ethereum Price Forecast: ETH falls below $2,750 following strong US selling pressure
Ethereum price today: $2,730The Ethereum Coinbase Premium Index has plunged to -0.128, its lowest level since February.Ethereum ETFs have shed over $1.28 billion after recording eight consecutive days of outflows.ETH could drop to $2,300 if it fails … [Continue reading]