Gold price advances to a two-week top amid the emergence of fresh USD selling. Rising Fed rate cut bets keep the US bond yields depressed and weigh on the buck. Traders look to the US jobless claims for some impetus ahead of the NFP on … [Continue reading]
Ethereum posts mild gains despite possible delay of ETH ETFs
Ethereum ETFs ‘will take some time’ before they launch, according to SEC Chair. ETH's open interest on exchanges surged 50% to a new all-time high after SEC’s U-turn towards ETH ETFs. New accumulating addresses holding 10-10K and 10K-100K ETH have … [Continue reading]
Forex Today: Markets’ attention shifts to the ECB
The Greenback extended its weekly recovery and added to Tuesday’s advance despite the mixed tone of US yields across the curve, as investors started to price in two interest rate cuts by the Fed this year. Meanwhile, traders fully anticipate a 25 bps … [Continue reading]
USD/CHF Price Analysis: Finds support below 200-DEMA despite likely SNB’s intervention
USD/CHF gains ground near 0.8900 as the USD Index holds key support of 104.00. Weak US ADP Employment has limited the US Dollar’s upside. The SNB is expected to intervene amid fears that the weak Swiss Franc could revamp inflation again. The … [Continue reading]
Solana Price Forecast: On the verge of 18% rally
Solana price extends gains on Wednesday after rebounding at the one-month rising trendline around $164.50 on Tuesday. Investors could accumulate SOL at support levels extending between $160.02 and $144.48. A daily candlestick close below $137.58 … [Continue reading]
Gold price remains stuck in a familiar range around 50-day SMA
Gold price manages to hold its neck above a multi-week low touched on Monday. Fed rate cut bets cap the attempted USD recovery and lend support to the metal. Traders now look to the US ADP report and ISM Services PMI for a fresh impetus. Gold price … [Continue reading]
UNI soars nearly 23% following cryptic social media post
UNI posted a 23% gain as investors await a potential bullish announcement from its mystery social media post. UNI had earlier suffered a decline after postponing its fee mechanism vote. UNI could see a correction following increased exchange net … [Continue reading]
Dow Jones Industrial Average struggles to find firm bids on Tuesday, rate cut hopes recede
Dow Jones treads water near 38,550.00 after US data comes in mixed. US Factory Orders activity rises, but with steep revisions. First batch of labor figures comes in softer ahead of Friday’s NFP print. The Dow Jones Industrial Average (DJIA) is … [Continue reading]
USD/JPY retreats to 155.00 on safe-haven demand and BoJ rumors
USD/JPY pulls back after markets’ risk-off tone generates safe-haven demand, benefiting the Yen. The BoJ might be considering reducing bond purchases at its June meeting according to rumors reported by Bloomberg. Such a move would raise … [Continue reading]
WTI extends its losing streak as OPEC+ communicates ease in Oil production cuts
The Oil price fell to $72.50 as OPEC+ plans to shore up the market. Weak US factory PMI raise concerns over the Oil demand outlook. Investors await the US NFP data for fresh guidance. West Texas Intermediate (WTI), futures on NYMEX, fall … [Continue reading]