Share: Cardano witnessed a spike in the activity of large wallet investors on its blockchain. Axie Infinity social volume has been increasing steadily since early March. Meme coins noted massive gains amid the 420-related hype. Bitcoin's dominance … [Continue reading]
Litecoin whales move around $50 million worth of LTC before 15% crash – were they warned?
Share: Litecoin price crashed by 16.17% in the span of three days slipping to a monthly low. Litecoin whales seemed to have simultaneously bought and sold more than $50 million worth of LTC right before the crash. LTC at the moment is more … [Continue reading]
EUR/USD holds steady around 1.0980 as upbeat US PMIs ease recession fears
Share: S&P Global PMI figures ease recessionary fears, boost US economy. Traders’ moods fluctuating to risk-on/off dominated the New York session. EU’s PMI results are mixed; manufacturing activity shranks, while Services and Composite Indices … [Continue reading]
The emergence of Artificial Intelligence abates NFT hype as BAYC floor price tanks to 16-month lows
Share: Artificial Intelligence is hitting the crypto market hard, taking the spotlight from NFTs. Non-Fungible Token collections are observing a fall in their floor prices, with Cryptopunk's value falling to July 2022 lows. AI integration into … [Continue reading]
USD Index Price Analysis: Next on the downside comes 100.80
Share: DXY keeps the side-lined trading well in place on Friday. The breakdown of this theme exposes a drop to the YTD low. DXY trades without clear direction below the 102.00 region at the end of the week. The index maintains the choppy activity … [Continue reading]
United Kingdom S&P Global/CIPS Services PMI came in at 54.9, above forecasts (52.9) in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Asian Stock Market: Nikkei 225 drops as Japan’s inflation accelerates, oil struggles to defend $77.00
Share: Asian indices are bearish after tracking negative cues from S&P500. Continuous hawkish commentaries from Fed policymakers are weighing heavily on market sentiment. Accelerating Japan’s CPI indicates that the BoJ is well on track to … [Continue reading]
Australia S&P Global Services PMI climbed from previous 50.7 to 52.6 in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
USD/MXN at two-day Low as Mexican Peso strengthens on sluggish US data
Share: Disappointing macroeconomic data releases from the US weigh on US Dollar. Fed’s Mester: Rates must peak above 5% and hold there for a while. Mexican Retail Sales missed estimates, according to INEGI, though The Mexican Peso (MXN) gains … [Continue reading]
United States Existing Home Sales (MoM) below forecasts (4.5M) in March: Actual (4.44M)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]