The Pound Sterling prints a fresh two-week low at 1.2845 against the US Dollar on Friday as investors turn cautious ahead of the US core PCE Price index. The BoE is expected to cut interest rates next week. Robust US Q2 GDP growth has improved the … [Continue reading]
EUR/JPY holds ground around 167.00 after Tokyo CPI inflation
EUR/JPY remains steady after the release of the softer inflation data on Friday. The Tokyo CPI increased by 2.2% YoY in July, slightly down from the previous 2.3% rise. The Euro may face challenges as the ECB remains uncertain about its policy … [Continue reading]
Gold sinks to two-week low despite falling US yields
Gold prices fall 5% from July 17 peak of $2,483 to $2,364. US Q2 GDP beats expectations, strengthening the US Dollar and impacting gold. Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a … [Continue reading]
Grayscale Ethereum Trust outflows send ETH crashing
Ethereum ETFs saw $133.16 million in net outflows after the end of Wednesday's second day of trading. Ethereum Foundation is rumored to have moved 92,000 ETH in the past few hours. Grayscale's ETHE strong outflows could push Ethereum to test the … [Continue reading]
United States Kansas Fed Manufacturing Activity fell from previous -11 to -12 in July
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]
Bitcoin Magazine CEO David Bailey confirms Kamala Harris will not speak at upcoming Bitcoin Conference
Bitcoin Magazine CEO David Bailey confirms that Kamala Harris will not speak at the upcoming Bitcoin Conference. Bitcoin adoption has grown as Ferrari Luxury Car Manufacturer accepts crypto payments across Europe. Continued Mt. Gox funds movement may … [Continue reading]
FX option expiries for July 25 NY cut
FX option expiries for July 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0720 746m 1.0830 865m 1.0850 858m 1.0950 1.2b GBP/USD: GBP amounts 1.2980 404m USD/JPY: USD … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1321 vs. 7.1358 previous
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]
Ethereum ETFs yet to impact ETH’s price despite impressive launch day
Ethereum ETFs are on track for a successful second trading day after capturing $107 million in net inflows on launch day. Investors shifted attention toward ETH as its impressive first-day launch ended BTC ETFs' 12 days of consecutive net inflows. … [Continue reading]
Ripple lawsuit could see changes with Kamala Harris’ nomination, XRP rallies 5%
Ripple lawsuit is awaiting final ruling, Mark Cuban hinted at Kamala Harris’ nomination influencing crypto regulation in the US. The SEC alleges that the payment remittance firm has violated securities laws, Ripple CEO said in a recent … [Continue reading]