Australian Dollar has suffered extended declines in recent sessions as RBA gains slowly fade. PMI figures from Australia reveal weaker-than-expected data. Fragility in the Australian economy seems to be driving demand off the Aussie. In Friday's … [Continue reading]
XRP struggles under $0.50 while lawsuit against Ripple CEO goes to trial
Ripple CEO Brad Garlinghouse faces trial in connection with statements made in a 2017 interview. Ripple proponents unpack the impact of the trial on the SEC vs. Ripple lawsuit development and past rulings. XRP is stuck under $0.50 after two … [Continue reading]
US S&P Global PMI set to signal slower expansion in June, focus on inflation and employment details
S&P Global preliminary PMIs are expected to confirm ongoing expansion in the US private sector’s business activity in June. Survey details on inflation and employment will be scrutinized by market participants. EUR/USD needs to clear … [Continue reading]
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 6,339.72 Indian Rupees (INR) per gram, broadly stable compared with the INR 6,342.35 it cost on Thursday. The price for … [Continue reading]
USD/INR weakens ahead of Indian/US PMI data
The Indian Rupee edges higher on the modest decline of the US Dollar on Friday. Foreign inflows into Indian bonds could lift the INR, while higher crude oil prices might weigh on it. The first reading of June’s PMI data from both India … [Continue reading]
Web3 security firm identifies activity similar to Kraken breach on OKX, BingX, Gate.io and Binance
Hexagate, a Web3 security firm, has identified on-chain activity similar to CertiK in Kraken’s case. Security firm detected this across Base, BNBChain, Optimism, Arbitrum, Avalanche, LineaBuild and Polygon. Hexagate states there is no … [Continue reading]
Forex Today: All the looks will be on PMI reports
The US Dollar regained strong upside traction and maintained the price action in the risk complex depressed amidst interest rate cuts speculation and soft US data releases. In addition, the BoE and the Norges Bank kept their policy rates unchanged … [Continue reading]
Gold rises as geopolitical risks increase
Gold demand increases from investors bundling into safety as geopolitical risks escalate. Israel’s threat of “all-out war” with Lebanon and Russia’s signing of an alliance with North Korea are intensifying concerns. XAU/USD recovers and … [Continue reading]
BoE to keep interest rate unchanged, focus on meeting minutes
The Bank of England is expected to keep its policy rate unchanged. UK disinflationary pressure accelerated in May. GBP/USD faces an initial up-barrier at 1.2860. The Bank of England (BoE) is expected to keep its policy rate … [Continue reading]
USD/INR posts modest gains amid stronger US Dollar, India’s foreign inflows
The Indian Rupee (INR) loses ground on the firmer US Dollar on Thursday. Significant inflows into Indian markets might support the INR, while Fed rate-cut bets could cap the upside. Investors await the US weekly Initial Jobless Claims, … [Continue reading]