United Kingdom annual CPI rose 2.0% in May vs. 2.0% estimates. British inflation steadies at 0.3% MoM in May, meets forecast. GBP/USD holds above 1.2700 after UK CPI inflation data. The United Kingdom (UK) Consumer Price Index (CPI) rose at an … [Continue reading]
USD/INR recovers despite weaker US Retail Sales data spurs Fed rate cuts bet
Indian Rupee (INR) loses ground on Wednesday despite the weaker US Dollar. The ongoing India inflows might support the INR, while higher crude oil prices could limit its gains. The Indian HSBC PMI and US S&P Global PMI … [Continue reading]
Global Ethereum ETFs experience surge in net inflows as Hashdex files for combined spot ETH and Bitcoin ETF
Hashdex filed for a market-weighted ETF that will track both spot Ethereum and Bitcoin prices. Ethereum exchange reserves approach an all-time low following massive inflows across global ETH ETFs. Ethereum's decline is likely caused by high … [Continue reading]
US Dollar loses ground on weak Retail Sales figures
US Dollar lost ground on lower-than-anticipated Retail Sales figures, which fuel dovish bets on the Fed. Markets are digesting comments from Fed officials for placing their bets on the rate cut cycle. Investors continue challenging the Fed and bet on … [Continue reading]
Mexico Private Spending (YoY): 3.6% (1Q) vs previous 5.1%
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]
Is the Bitcoin price bottom here?
Bitcoin price is currently supported by the 1-day to 1-week UTXO Age Bands. On-chain data suggests that crowd FOMO is calming down, signaling a potential BTC price bottom. Over the past 24 hours, $72.60 million worth of BTC has been liquidated, with … [Continue reading]
BoJ’s Ueda: Possible rate increase in July depending on data
The Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that there is a chance that the Japanese central bank could raise interest rates at the July meeting, depending on economic, price and financial data and information available at the … [Continue reading]
RBA looks set for fifth consecutive interest-rate hold despite falling inflation
Interest rate in Australia is set to stay steady at 4.35% for the fifth consecutive meeting in May. Reserve Bank of Australia Governor Michele Bullock will hold a press conference at 05:30 GMT. The Australian Dollar could see a big reaction to RBA’s … [Continue reading]
US Dollar starts the week soft, outlook still positive
DXY rally sees minor pullback on Monday but is set to continue its upward journey this week. Fed maintains that only one rate cut is expected in 2024, conflicting with market expectations. US Treasury yields continued rising, gaining more than 1% on … [Continue reading]
Mexican Peso edges lower as risk-off sentiment weighs
The Mexican Peso trades lower in its major pairs at the start of the new trading week. Global growth fears and the unwillingness of the Fed to lower borrowing costs are curbing enthusiasm and weighing on MXN. USD/MXN is still pulling back in … [Continue reading]