Gold price trades on a stronger note on Tuesday. Any signs of sticky inflation might further diminish expectations of US interest rate cuts this year, pressuring yellow metal. The US PPI report for April and Fed Chair Jerome Powell's … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1053 vs 7.1030 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 sustains horizontal trend, sees increased outflows
Ethereum institutional whales have been depositing huge piles of ETH on Coinbase. Ethereum products recorded $14.4 million in outflows last week following increased doubts surrounding spot ETH ETF approval. Ethereum could see a slight increase this … [Continue reading]
US Dollar experiences mild pullback as market awaits CPI report
DXY Index exhibits mild losses at 105.35, indicating a modest bearish trend. Market attention is centered on conservative Fed comments and April inflation expectations that could shape US Dollar outlook. Bets on the Fed remain steady and also lend … [Continue reading]
EUR/USD exhibits strength on improved market sentiment, subdued US Dollar
EUR/USD moves higher above 1.0780 as the appeal for risky assets improves. The ECB is expected to start reducing interest rates in June. Investors keenly await the US inflation data for fresh guidance on the Fed’s interest rates. EUR/USD rises to … [Continue reading]
Mexican Peso edges higher on favorable interest rate outlook
The Mexican Peso edges higher as interest rates in Mexico are expected to remain elevated. Relatively higher interest rates attract higher inflows of foreign capital. USD/MXN consolidates in its downtrend after a breakout. More downside … [Continue reading]
China’s CPI inflation rises to 0.3% YoY in April vs. 0.1% expected
China’s Consumer Price Index (CPI) rose 0.3% YoY in April after reporting a 0.1% growth in March. The market forecast was for a 0.1% increase. Chinese CPI inflation came in at 0.1% over the month in April versus March’s 1.0 decline. … [Continue reading]
Could Worldcoin price shoot up 45% ahead of OpenAI’s live stream on Monday?
Worldcoin price eyes a quick 45% rally in anticipation of OpenAI’s live stream on Monday. WLD needs to clear $6.70 hurdle before it can climb up to $8.55. A daily candlestick close below $4.22 support level will invaldiate the bullish thesis … [Continue reading]
Here’s what needs to happen for The Graph price to revisit $0.422
The Graph price trades inside the $0.192 to $0.494 range. Investors need to wait for GRT to overcome $0.343 before being bullish on GRT. If successful, GRT could rally 50% and revisit the $0.422 hurdle. A decisive daily candlestick close below $0.192 … [Continue reading]
SingularityNET price could bounce 30% if AGIX can hold this level
SingularityNET price trades inside the $0.903 to $1.475 range. A recovery in the crypto market outlook could see AGIX rally 30% and tag $1.189. A breakdown of $0.811 support level will invaldate the bullish thesis for AGIX. SingularityNET … [Continue reading]