Ethereum ETFs will likely be approved as US lawmakers have urged SEC Chair to give the green light. SEC Chair refused to comment when asked to give a preview on spot ETH ETF decision on Thursday. Ethereum may rally more than Bitcoin did if SEC … [Continue reading]
Mexican Peso gives up gains against USD following US PMI beat
The Mexican Peso gives up its gains versus the USD following the release of US PMI data for May. The data shows both Manufacturing and Services sectors expanded more than analysts had expected. USD/MXN threatens to reverse the trend after … [Continue reading]
Ripple prepares for SEC lawsuit outcome, XRP climbs past $0.51
Ripple prepares for permanent ban on XRP sales, continues selling to international clients through foreign subsidiaries. If XRP sales are considered securities under crypto bill FIT21, the firm could sell XRP in regimes with different … [Continue reading]
Australian Dollar remains firmer due to risk-on mood, US PMI eyed
The Australian Dollar appreciates ahead of US PMI data on Thursday. Australia's Consumer inflation expectations dropped to 4.1% in May from 4.6% in April, hitting the lowest point since October 2021. FOMC Minutes suggested a lack of progress on … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1098 vs. 7.1077 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]
Ethereum could surge 75% as BlackRock, Bitwise, Grayscale submit amended ETH ETF filings
BlackRock, Bitwise and Grayscale join fellow issuers in submitting amended spot ETH ETF 19b-4s filings on Wednesday. SEC has begun discussions on S-1s filings as they may be delayed by a few weeks before approval. Ethereum bulls appear to be … [Continue reading]
Fed Minutes Preview: Markets await clues for rate cuts as officials support higher for longer narrative
The Fed will release the minutes of the April 30-May 1 policy meeting on Wednesday. Jerome Powell and co’s discussions surrounding the inflation outlook will be scrutinized. Markets see a less than 40% probability that the Fed will leave the policy … [Continue reading]
Oil flattens despite heightened tensions over recognition of Palestinian state
Oil jumps back above $78 after a brief decline. Norway, Ireland and Spain said they will recognize a Palestinian state on May 28. The US Dollar Index is trading in a narrow range ahead of an eventful 24 hours. Oil prices are flat on … [Continue reading]
Pound Sterling strengthens as hotter-than-expected UK inflation pares back BoE rate cut bets
The Pound Sterling jumps to 1.2750 as UK inflation for April remains hotter than expected. UK annual core inflation rose by 3.9%, likely impacting BoE rate-cut hopes for August. The next move in the US Dollar will be guided by the FOMC minutes. The … [Continue reading]
Australian Dollar advances after the RBNZ policy decision
The Australian Dollar gains ground following the appreciation in the New Zealand Dollar due to their geographical proximity. RBA Minutes suggested that the board had considered raising rates in May but opted to maintain a steady policy. The RBNZ … [Continue reading]