Silver is weakening within a descending channel. The channel is more likely than not to continue unfolding lower. A break below the June 13 low would confirm further downside. Silver (XAG/USD) looks like it has started to form a … [Continue reading]
Pound Sterling pauses around 1.2700 against USD ahead of US core PCE inflation
The Pound Sterling trades sideways against the US Dollar as investors shift focus to the US core PCE inflation data for May. UK’s high wage inflation refrains BoE policymakers from committing to interest rate cuts. Uncertainty over the UK’s … [Continue reading]
Australian Dollar remains solid as higher inflation dampens RBA’s possible rate cuts
The Australian Dollar appreciates as higher consumer inflation dampens the possibility of RBA’s rate cuts. Australia’s monthly CPI jumped by 4.0% YoY against the expected growth of 3.8% in May. The US Dollar remains calm as investors turn cautious … [Continue reading]
Analysis shows Ethereum ETFs could impact the market with $15 billion net flows by 2025
Ethereum ETFs could attract up to $15 billion in net flows by 2025, says Bitwise CIO. Low outflows in Ethereum Foundation wallets suggest bull cycle is yet to reach its peak. Ethereum traders are gradually turning bullish again following slight … [Continue reading]
Australian Dollar faces selling pressure ahead of CPI
Australian Dollar’s downside is supported by hawkish RBA outlook. Markets now hint at rate cuts not before February 2025. Upcoming May CPI figures will be pivotal for markets to anticipate next RBA moves. Tuesday's session observed a decline in the … [Continue reading]
Mexican Peso pulls back from overbought extremes ahead of Banxico meeting
The Mexican Peso corrects back after becoming overbought ahead of Banxico meeting. The Banxico is likely to keep interest rates unchanged at 11%, supporting the MXN. The short-term trend has reversed for USD/MXN and is probably bearish … [Continue reading]
Aave price poised for an 17% rally after rebounding in key support area
Aave price rebounded 10% from support area between $76.50 and $72.55 on Monday and trades up 6% near $92.00 on Tuesday. Network Realized Profit/Loss metric shows AAVE’s capitulation event on June 22. On-chain data shows that AAVE’s daily active … [Continue reading]
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 6,236.12 Indian Rupees (INR) per gram, down compared with the INR 6,264.13 it cost on Monday. The price for Gold decreased to INR 72,736.83 … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1225 vs. 7.1201 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]
SHIB whale sells amid controversy surrounding WATER meme coin and singer Jason Derulo
SHIB whales could be selling as the Dogecoin competitor has not seen sustained price growth in the past three months. WATER token might be facing selling pressure from increased insider activity. Jason Derulo accused of promoting crypto pump-and-dump … [Continue reading]