Ethereum ETF net inflows could begin to affect ETH's price as Grayscale outflows slow down. Genesis Trading's headwind could outweigh ETH ETF impact in the coming weeks. Ethereum could form a W chart pattern if it bounces around key support. … [Continue reading]
Bitcoin down as Morgan Stanley and Genesis Trading make major market moves
Morgan Stanley has begun informing its financial advisors of a move for clients to begin purchasing Bitcoin ETFs. Genesis Trading moved over $1.5 billion to several addresses as it's suspected to have begun creditors' repayments. BTC is down to $61K, … [Continue reading]
Wormhole, XAI, IMX set to partake in next week’s token unlocks worth over $200 million
Next week's unlocks will see $206 million worth of new tokens added to circulation. Wormhole and IMX will see the highest share of unlocks, with a combined $180 million worth of new tokens entering circulation. August to experience a total of over … [Continue reading]
EUR/USD bounces after NFP misfire pummels Greenback
EUR/USD bumps back over 1.0900 after bad US NFP print. Broad-market concerns of a US slowdown jumped on Friday. Coming up next week: US ISM Manufacturing PMI, EU Retail Sales EUR/USD caught a ride higher on Friday after the Greenback got pummeled … [Continue reading]
Australian Dollar sees green, still secures weekly losses
Aussie finds some relief after mixed Australian PPI figures. Traders are keeping vigilance on job data disappointment from the US. Markets adjust their stance on the Reserve Bank of Australia's monetary policy and now expect a cut in 2024. The … [Continue reading]
Canadian Dollar adrift on uneasy post-NFP markets
Canadian Dollar markets swamped out by NFP release. Canada has limited data releases on the scope. US data broadly softened, fanning the flames of recession fears. The Canadian Dollar (CAD) was tossed around on Friday as global markets roiled … [Continue reading]
Brazil Industrial Output (MoM) above forecasts (2.4%) in June: Actual (4.1%)
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 Price Analysis: Rises to near 19.00, aligns with four-month highs
USD/MXN may depreciate as the momentum indicator 14-day RSI indicates a potential correction. A four-month high of 18.99 acts as an immediate resistance level. The pair could find support at the lower boundary of the ascending channel around the … [Continue reading]
Australian Dollar advances after the release of PPI data
The Australian Dollar appreciates after the release of higher Producer Price Index figures. Australia's PPI rose by 4.8% YoY in Q2, against the previous quarter’s reading of 4.3%. The US Dollar received support due to increased risk aversion amid … [Continue reading]
Ethereum declines amid outflows and potential whale dump
Ethereum ETFs recorded $77.3 million in net outflows on Wednesday. Wallet related to Elwood Technologies has moved 19,500 ETH to Binance within the past two days. Ethereum could bounce off key support level to set new yearly high. Ethereum (ETH) is … [Continue reading]