The dollar is modestly stronger out of the weekend as a surprise win of the left-wing alliance in the French second-round legislative elections sent European currencies lower and fuelled some safe-haven demand, with the Japanese Yen (JPY) and … [Continue reading]
USD/JPY: Is set to be rangebound between 159.40 and 161.80 – UOB Group
The US Dollar (USD) could drop further to 160.20 before stabilisation can be expected. USD strength from the middle of last month has come to an end, and for the time being, the pair is likely to trade in a 159.40/161.80 range, UOB Group analysts … [Continue reading]
Japanese Yen remains stronger as Current Account surplus extends its growth streak
The Japanese Yen appreciates as US Dollar faces challenges following weaker-than-expected US employment growth data released on Friday. Japan's Current Account surplus increased to ¥2,849.9 billion ($17.78 billion) in May, up from the prior ¥2,050.5 … [Continue reading]
Japan Current Account n.s.a. above expectations (¥2450B) in May: Actual (¥2849.9B)
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]
China Foreign Exchange Reserves (MoM) declined to $3.222T in June from previous $3.232T
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 records another day of heavy liquidations as Mt. Gox bearish pressure persists
Ethereum sees over $108 million in liquidations as Mt. Gox begins repayment to creditors. Grayscale Ethereum Trust switched to trading at a premium to net asset value as spot ETH ETF launch draws closer. Ethereum may begin consolidation as key … [Continue reading]
APT, XAI, and IMX: Could these three token unlocks lead to further decline?
$161 million worth of APT, XAI, and IMX are set to flood the market next week. Their prices may decline further following the unlock, as all three tokens are down over 5% in the past 24 hours. DYDX, NTRN, FORT and HNT are other tokens that will … [Continue reading]
WIF and BONK post gains amid wider market drawdown
WIF is up more than 7% as Solana bulls appear to have returned to the meme coin. BONK joined WIF in defiling the bearish trend, posting a 2% gain in the past 24 hours. Meme coins may suffer major hits if the crypto market's bearish pressure … [Continue reading]
Gold bug Peter Schiff predicts Bitcoin sell-off will intensify when price drops under $38,000
Peter Schiff predicted that 100% of Bitcoin ETF buyers will lose money when BTC trades below $38,000. Schiff expects the sell-off to intensify once Bitcoin ETF buyers are underwater on their investment. Bitcoin swept a low of $53,485 … [Continue reading]
Gold rises sharply to six-week high on dismal US labor market data
Gold price leaped over 1% to $2,385, spurred by mixed US NFP data and heightened Fed rate cut speculation. June NFP surpasses forecasts, yet revisions for April and May indicate an accelerating labor market cooldown. US Dollar Index (DXY) declines … [Continue reading]