The Indian Rupee weakens against the US Dollar after the announcement of the Indian Fiscal Budget 2024-25. Indian government raises capital gains taxes with immediate effect. This week, the US Dollar will be influenced by a slew of US economic data. … [Continue reading]
EUR/JPY remains well offered near one-month low, holds above 170.00 mark
EUR/JPY drifts lower for the third straight day amid some follow-through JPY buying. A suspected intervention and rising bets for another BoJ rate hike underpin the JPY. A weaker USD benefits the Euro and might help limit losses amid a positive risk … [Continue reading]
WTI holds below $79.50 amid demand concerns
WTI trades in negative territory for the fourth consecutive day $78.00 on Tuesday. Oil demand concerns continue to weigh on the WTI price. Morgan Stanley expects oil prices to drop to the mid-$70s in 2025 amid a surplus. West Texas … [Continue reading]
Ethereum ETFs launching tomorrow, traders show uncertainty
Ethereum ETFs set to launch on Tuesday as the SEC is expected to declare issuers' prospectus effective today. Bitcoin Conference coinciding with ETH ETFs launch week could help drive a rally for Ethereum. Ethereum traders display uncertainty despite … [Continue reading]
GBP/USD Price Analysis: Subdued hovers around 1.2900
GBP/USD at 1.2910, stable despite US political developments, after touching high of 1.2942. Technicals: GBP/USD finds support at 1.2894, consolidating from highs. Bullish momentum holds; RSI positive with resistance at 1.2950, 1.3044 and supports at … [Continue reading]
Pound Sterling remains firm despite poor UK Retail Sales boots BoE rate-cut bets
The Pound Sterling steadies against the US Dollar ahead of a US data-packed week. Growing speculation for Trump’s victory has improved the US Dollar’s appeal. A sharp decline in UK Retail Sales has boosted BoE rate-cut hopes. The Pound Sterling … [Continue reading]
FX option expiries for July 20 NY cut
FX option expiries for July 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.0845 584m 1.0925 617m 1.0950 919m 1.0975 1.1b GBP/USD: GBP amounts 1.2940 554m 1.2975 502m … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1335 vs. 7.1315 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]
US President Joe Biden stands down from reelection, endorses Kamala Harris
Following a long week of political turmoil, United States (US) President Joe Biden announced on Sunday that he will end his reelection bid and will speak to the nation later this week in more detail about his decision. Throughout the last couple of … [Continue reading]
ALT, WLD, ENA, ID set for $200 million token unlocks next week
The circulating supply of ALT, WLD and ID will see a hike next week, with over $200 million unlocks in sight. All tokens involved in upcoming unlocks are up in the past 24 hours. ALT will see the highest unlock share, with $115 million worth of new … [Continue reading]