Ethereum dives nearly 6% after August NFP miss. Based on the AUM ratio to market cap, Ethereum ETFs have performed more or less in line with Bitcoin ETFs one month after launch. ETH needs to bounce around $2,100 to maintain the bull market thesis. … [Continue reading]
Aptos, Stark, XAI, Render prepare for $111 million cliff unlocks next week
Token Unlocks data reveals that the crypto market will witness $111 million of new unlocks next week. Aptos and Starknet will see the highest unlock volume, adding tokens worth $64 million and $25 million to their circulating supply. XAI, ENA, RENDER … [Continue reading]
NZD/JPY Price Analysis: Bears extend their control, aiming for 87.00
The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85. The RSI has plunged to 36, indicating that the bears are in full control and the negative momentum is likely to persist. Bears have the 87.00 threshold on their sight. The NZD/JPY … [Continue reading]
Gold price falls and end week below $2,500 ahead of US inflation data
Gold tumbles after failing to break $2,531 resistance, closing at $2,493 as Fed rate cut speculation intensifies. US Nonfarm Payrolls missed estimates, but improved figures and rising hourly earnings fueled uncertainty over a 25 or 50 bps cut. … [Continue reading]
NZD/USD Price Analysis: Bearish bias emerges as pair plunges
NZD/USD falls 0.84% on Friday to trade at 0.6170. The RSI and MACD indicators align with the bearish outlook, signaling negative momentum. The 20-day SMA presents a strong barrier against the sellers. The NZD/USD pair has been trading lacklusterly … [Continue reading]
US Dollar held its ground after mixed NFPs
US Dollar recovers ground after mixed August Nonfarm Payrolls data. Fed official downplayed discussions of a larger rate cut in September than 25 bps. Markets are seeing 40% odds of a 50 bps cut in the next Fed meeting. The US Dollar Index (DXY), a … [Continue reading]
Australian Dollar struggles to gain on RBA’s hawkish posture
AUD/USD falls and struggles to gain ground against the USD. US Nonfarm Payrolls disappoint with 142K new jobs added, below the 160K estimate. RBA's hawkish stance suggests no imminent rate cuts, which might support the AUD. The AUD/USD declined by … [Continue reading]
Mexican Peso falls on concerns over judicial reform, ends week down over 1.40%
Mexican Peso tumbles as USD/MXN rallies above 20.00 following mixed US jobs data, hitting a daily high of 20.09 before retreating. Fed rate cut expectations remain uncertain, fluctuating between 50 and 25 bps, adding pressure on the Mexican Peso. … [Continue reading]
Bitcoin nears $54K as August NFP report sparks liquidations
US releases NFP jobs data for August, which once again came in below expectations. NFP report has historically affected the price of Bitcoin and, ultimately, the crypto market. Bitcoin's price slid under $55K, sparking nearly $82 million in … [Continue reading]
Dow Jones Industrial Average falls again after NFP figures undershoot forecasts
The Dow Jones fell another 400 points on Friday after NFP jobs data missed the mark. US job additions continue to underperform, and downside revisions remain a concern. Despite the miss in NFP employment, market bets for a 25 bps cut come out on … [Continue reading]