The US Dollar is flat to marginally gaining against most major peers. All eyes are on the US inflation print for July being released on Wednesday. The US Dollar index resides near a key level, and a substantial move could be seen later … [Continue reading]
Australian Dollar advances as RBA may raise rates again if needed
The Australian Dollar appreciates as the RBA may increase rates again if needed. The safe-haven flows may limit the upside of the AUD amid escalated Middle-East tensions. Fed Governor Michelle Bowman suggested that the US central bank may not be … [Continue reading]
New Zealand Dollar gathers strength, RBNZ rate decision in spotlight
The New Zealand Dollar gains traction in Monday’s early Asian session. Diminishing odds of an RBNZ rate cut and hotter Chinese inflation data underpin the Kiwi. The RBNZ monetary policy meeting will take center stage on Wednesday. The … [Continue reading]
Arbitrum, Aptos, Starkware, SAND lead $220 million token unlocks next week
The crypto market will experience $220 million worth of token unlocks next week. ARB, APT, SAND, and STRK lead the unlocks with over $180 million combined unlocks. CYBER, ENA, and RENDER will see further unlocks, adding to previous hikes in their … [Continue reading]
$560 million Ethereum options expire amid weakening bearish momentum
Ethereum's recent decline could alter predictions of ETFs sending ETH to an all-time high of around $5,000. ETH options worth $560 million expired on Friday amid market crash. Ethereum could reclaim key support level as technical indicators … [Continue reading]
Key Bitcoin metrics to watch out for ahead of next week following market sell-off
Bitcoin's MVRV moving below its 365-day moving average indicates potential for further decline or start of a bear market. BTC short-term holders took in 97% of losses realized during Monday's market crash. Stablecoin exchange netflow has risen close … [Continue reading]
Australian Dollar saw red on Friday, fundamentals might limit the downside
AUD/USD slightly retreats, settling near 0.6575 on Friday. RBA reiterates its hawkish stance, contributing to a buoyant AUD. Investors digest Chinese inflation reported during the European session. The AUD/USD pair witnessed a minor setback at … [Continue reading]
AUD/JPY Price Analysis: Bearish bias subdued, indicators hint at consolidation phase
The AUD/JPY pair declined to 96.45 on Friday resuming the losses after three sessions with gains. However, technical indicators suggest a shift towards neutral territory, with the RSI moving out of the oversold zone and the MACD showing decreasing … [Continue reading]
Gold ends the week firm as traders await US inflation data
Gold advances for the second day on Friday, buoyed by expectations of Fed easing in September. US economic data shows deceleration but not enough to stoke recession fears. Ongoing Middle East tensions between Israel, Lebanon and Iran keep Gold demand … [Continue reading]
EUR/USD churns after a week of directionless weight-shifting
EUR/USD wrapped up the trading week nearly where it started. Market balance has broadly recovered as wait to Fed cuts resumes. Coming up next week: EU GDP & US CPI inflation. EUR/USD finished off a sedate trading week close to where it began, … [Continue reading]