Market interpretation of Powell's words indicates caution due to unpredictability of inflation trajectory. Friday’s Nonfarm Payrolls report showed a slowdown in annual wage inflation, fuelling predictions for imminent Fed rate cuts. NFP report also … [Continue reading]
Pound Sterling rises in holiday-shortened week, BoE policy in focus
The Pound Sterling trades close to 1.2570 against the US Dollar as investors shift focus to the BoE policy decision. The BoE could provide meaningful cues on the timing of rate cuts amid easing price pressures. Slower US job growth and a … [Continue reading]
Mexican Peso trades higher on positive market mood, robust Mexican data
The Mexican Peso edges up on Monday as the market mood remains positive following US and Chinese data. The Mexican economy continues to expand despite restrictive monetary policy – a positive for the Peso. Technically, the USD/MXN is … [Continue reading]
Gold price rebounds on downbeat NFP data, softer US Dollar
Gold price attracts some buyers amid the softer USD on Monday. The growing expectations that the Fed will start cutting interest rates later in the year lifted the yellow metal. The easing Middle East tensions and risk-on mood might cap … [Continue reading]
AUD/USD extends its upside above 0.6600, eyes on RBA rate decision
AUD/USD holds positive ground near 0.6610 in Monday’s early Asian session. The US Nonfarm Payrolls (NFP) came in weaker than expected in April, along with lower-than-expected wage growth. The RBA is expected to hold the cash … [Continue reading]
Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”
Cardano founder Charles Hoskinson proposed integration of Bitcoin Cash into a Cardano Partnerchain. 65% of 11,340 voters voted in favor of, to the contrary “No”, meaning “Ayes” have it, but this is pending confirmation. Proof of Work Leios, NiPoPoWs, … [Continue reading]
Render Price Prediction: RNDR could hit $10 after successful breakout with ecosystem’s LD token launchpad
Render ecosystem has issued whitelist for its ecosystem’s Long Dragon LD token. Render price has breached a downtrend resistance, heads toward next resistance at $9.76. RNDR could rise 10% to a double-digit valuation above $10.00. A candlestick close … [Continue reading]
Tesla updates payment methods to include DOGE, Dogecoin price rises 6%
Tesla has integrated DOGE token in its payment options with a full FAQ on this service offering. Users will need a “Dogecoin wallet to purchase using DOGE on the Tesla Shop. Dogecoin price has surged 6% on this announcement. Tesla Inc., Elon Musk’s … [Continue reading]
Sui daily transactions reach 41 million, overtakes Solana with SUI price primed for recovery
Sui blockchain daily transactions have reached 41 million relative to 27 million recorded by Solana. On a normal day, SUI records 1-2 million transactions daily, while SOL ranges anywhere between 20-35 million, Artemis dashboard shows. SUI … [Continue reading]
Over $175 million in total liquidations as Bitcoin price reclaims $64K
Bitcoin price has breached $64,000 threshold as trading volume rises by over 15%. Total liquidations went passed $175 million as more than $150 million shorts were blown out of water. Binance saw most liquidations with largest single liquidation … [Continue reading]