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 Dollar rises on hot inflation figures, hawkish bets
Inflation measured by the CPI in the US accelerated in March. Following the hot figures, the odds of a rate cut in June plummeted. Hawkish bets on Fed, soaring US Treasury yields benefit USD. FOMC minutes saw officials concerned with sticky … [Continue reading]
Fed Minutes Preview: Markets await clues for rate outlook as expectations for cuts shift to third quarter
The Fed will release the minutes of the March policy meeting on Wednesday. Jerome Powell and co’s discussions surrounding the policy pivot will be scrutinized. Markets see a nearly 50% probability of another Fed policy hold in June. The Federal … [Continue reading]
US CPI data Forecast: Headline inflation set to revamp, core to tick down as traders pull back rate cut bets
The US Consumer Price Index is set to rise 3.4% YoY in March, following the 3.2% increase in February. Annual core CPI inflation is expected to edge lower to 3.7% YoY in March. The inflation report could impact the market pricing of the June rate cut … [Continue reading]
XRP price tests crucial support while Ripple invites applications to XRPLedger grants program
XRP price is testing psychologically important support at $0.60 on Wednesday. Ripple announced the launch of its XRPLedger grants program, inviting applications from developers. XRPLedger issues final reminder to all node operators to … [Continue reading]
RBNZ holds interest rate at 5.50%, as expected
Following the conclusion of the April policy meeting on Wednesday, the Reserve Bank of New Zealand (RBNZ) board members decided to maintain the Official Cash Rate (OCR) at 5.50%. The decision was in line with the market expectations. Summary of the … [Continue reading]
RBNZ Decision Preview: Interest rates seen on hold for sixth straight time despite lingering recession
The Reserve Bank of New Zealand is set to hold the interest rate at 5.50% on Wednesday. The language in the policy statement will offer cues on the RBNZ interest rate outlook. The New Zealand Dollar braces for a big reaction to the RBNZ policy … [Continue reading]
GBP/USD retreats from 1.2700 as investors brace for the US CPI release
Sterling’s recovery falters at the 1.6680-1.6700 resistance area. An increasing risk aversion ahead of the US CPI release is supporting the USD. The broader trend remains negative while below 1.6680 The Pound has found some supply at levels right … [Continue reading]
US Dollar orbits around 104.00 with some easing taking place
The US Dollar stays afloat and sideways after lackluster Monday trading. The US economic calendar features Business Optimism numbers. The US Dollar Index stays afloat above 104.00 despite rather dovish-tilted comments from … [Continue reading]
MINA price down nearly 4% on eve of final test for Berkeley upgrade
Mina Protocol’s devnet upgrade, the final test before Berkeley, is lined up for April 9. The upgrade will bring three key features to the community, likely to boost the protocol’s utility. MINA price is losing nearly 4% of its value on … [Continue reading]