Ethereum long-term holders now own 78% of ETH's total supply. Spot Ethereum ETF issuers have begun marketing their products with a potential "tech play" move in the cards. Ethereum options data shows reduced volatility as ETH looks set to reach a new … [Continue reading]
SEC sues Consensys over Metamask. What does this mean for users?
SEC filed a lawsuit against Consensys in a District Court in New York. SEC's lawsuit alleged that Consensys violated securities laws through its Metamask platform. The lawsuit could stir FUD among Metamask users, considering it is the largest ERC-20 … [Continue reading]
Australian Dollar benefits from hawkish RBA, soft PCE data from the US
AUD rose against USD due to US inflation reduction and a potential dovish stance from the Fed. Soft PCE data from the US may benefit the Aussie policy divergence between the RBA and Fed. RBA's delayed rate cuts could bolster the Aussie, contrasting … [Continue reading]
United States CFTC Oil NC Net Positions up to 271.2K from previous 246.8K
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]
Colombia National Jobless Rate: 10.3% (May) vs previous 10.6%
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]
WTI sets to close positively for third straight week on firm Fed rate-cut prospects
WTI looks all set to close on a bullish note for a straight third week. Firm Fed rate-cut prospects have improved Oil price appeal. Upside risks to the widening Middle East crisis have stemmed supply concerns. West Texas Intermediate (WTI), … [Continue reading]
United Kingdom Current Account below expectations (£-17.6B) in 1Q: Actual (£-20.995B)
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]
US Election Debate: Trump says tariffs will decrease deficits and urges scrutiny of countries like China
The first US presidential debate between President Joe Biden and Republican Presidential Nominee Donald Trump began on CNN News. It is their first showdown of the 2024 election process. The first question asked was on the state of the … [Continue reading]
Mexican Peso slides as Banxico hold rates amid depreciation concerns
Mexican Peso declined after the Banxico decision to keep rates at 11.00%, hinting at possible future easing. Policymakers optimistic about ongoing disinflation, open to future rate adjustments. Despite positive Mexican economic indicators like lower … [Continue reading]
EUR/USD Forecast: Future price action hinges on US PCE
EUR/USD reclaimed the area beyond 1.0700. The US Dollar faced renewed downside pressure. Markets now look at the release of US PCE. The irruption of selling interest in the US Dollar (USD) prompted the USD Index (DXY) to give away part of the recent … [Continue reading]