Gold falls to multi-week low after US labor market data exceeds expectations. China’s People’s Bank halts 18-month Gold buying spree, exerts downward pressure on XAU/USD. US Treasury yields surge with the 10-year yield up to 4.43%, bolstering the … [Continue reading]
XRP sinks as Ripple moves 200 million tokens, inviting community suspicion
Ripple allegedly moved 200 million XRP tokens to an unknown wallet. Ripple's move has allowed speculation that the company plans to abandon its native token. XRP is down 4% following the move on Friday. XRP's price decreased by about 4% on Friday … [Continue reading]
Ethereum’s price suffers slight decline amid Hong Kong’s plan to allow staking in ETH ETFs
Hong Kong issuers are allegedly working toward incorporating staking into their ETH ETFs. ProShares submits 19b-4 application for spot ETH ETF. Ethereum will likely continue its range-bound movement over the weekend. Ethereum (ETH) is down more than … [Continue reading]
Hong Kong plans to include staking in Ethereum ETFs, which may help boost trading volume
Hong Kong issuers are allegedly working toward incorporating staking into their ETH ETFs. ProShares submits 19b-4 application for spot ETH ETF. Ethereum will likely continue its range-bound movement over the weekend. Ethereum (ETH) is down more than … [Continue reading]
EUR/USD Weekly Forecast: US inflation and Federal Reserve’s decision take centre stage
The European Central Bank delivered a hawkish rate cut, hinting at no action until September. The US Federal Reserve will likely stay put when policymakers meet next week. EUR/USD keeps losing upward strength, the bearish case builds up. … [Continue reading]
US Dollar flirts with breaking lower ahead of Nonfarm Payrolls M…
The US Dollar trades mixed on Friday ahead of key US economic data. Markets are still digesting the interest rate cut from the ECB ahead of the US Employment Report. The US Dollar Index dips lower and already fell below 104.00 in the … [Continue reading]
USD/INR holds steady as RBI keeps repo rate unchanged at 6.50%
Indian Rupee trades on a flat note on Friday. RBI’s MPC decided to keep the repo rate unchanged at 6.5% in its June meeting due to robust growth momentum. Investors will shift their attention to the highly-anticipated Nonfarm Payrolls … [Continue reading]
WTI extends gains to near $75.50 on hopes of Fed rate cuts following the ECB’s decision
WTI price gains ground due to rising speculation of a Fed rate cut in September. ECB implemented a 25-basis point rate cut on Thursday. Oil prices appreciate as the lower US employment data spark hopes for two rate cuts by the Fed in 2024. West … [Continue reading]
High staking yield may prevent a Mantle sell-off
Over 91% of MNT is in profit following slight gains on Thursday. Most investors are still holding onto their tokens despite MNT setting several new all-time highs between March and April. MNT needs a catalyst before it can rally back toward April … [Continue reading]
Canadian Dollar flattens on Thursday as markets await US NFP
Canadian Dollar treads water as investors buckle down ahead of Friday data. Canada will bring wages and labor change to the table on Friday. US NFP remains the capstone to the week’s data. The Canadian Dollar (CAD) settled into a holding pattern on … [Continue reading]