The Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday that there is a chance that the Japanese central bank could raise interest rates at the July meeting, depending on economic, price and financial data and information available at the … [Continue reading]
RBA looks set for fifth consecutive interest-rate hold despite falling inflation
Interest rate in Australia is set to stay steady at 4.35% for the fifth consecutive meeting in May. Reserve Bank of Australia Governor Michele Bullock will hold a press conference at 05:30 GMT. The Australian Dollar could see a big reaction to RBA’s … [Continue reading]
US Dollar starts the week soft, outlook still positive
DXY rally sees minor pullback on Monday but is set to continue its upward journey this week. Fed maintains that only one rate cut is expected in 2024, conflicting with market expectations. US Treasury yields continued rising, gaining more than 1% on … [Continue reading]
Mexican Peso edges lower as risk-off sentiment weighs
The Mexican Peso trades lower in its major pairs at the start of the new trading week. Global growth fears and the unwillingness of the Fed to lower borrowing costs are curbing enthusiasm and weighing on MXN. USD/MXN is still pulling back in … [Continue reading]
Pound Sterling weakens amid uncertainty ahead of UK inflation and BoE outcome
The Pound Sterling remains vulnerable around 1.2670 as investors turn cautious ahead of the UK inflation for May and the BoE’s policy outcome. UK’s headline inflation is expected to come lower at the central bank’s target of 2%. Fed’s Kashkari sees … [Continue reading]
Australian Dollar weakens amid stronger US Dollar, mixed China’s economic data
The Australian Dollar extends decline on the firmer US Dollar in Monday’s Asian session. The hawkish tone of the Fed and challenges in China’s economic recovery weigh on AUD/USD. The RBA interest rate decision on Tuesday will be in the … [Continue reading]
Japan Machinery Orders (MoM) above forecasts (-3.1%) in April: Actual (-2.9%)
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]
Artificial Superintelligence ASI token to be listed on Binance ahead of July 15 merger of three AI tokens
ASI token merger of three AI protocols, Fetch.ai, SingularityNet and Ocean Protocol is scheduled to occur on July 15. Binance is set to start ASI token trading on July 5, ahead of the scheduled merger. FET, AGIX and OCEAN wiped out nearly 16% … [Continue reading]
Bitcoin active addresses hit lowest level in five years, BTC ranges below $67,000
Bitcoin network’s active address count is down to its lowest level in 2,000 days. BTC whale transactions valued at $100,000 and $1 million and higher have declined gradually since March 5. Bitcoin holders have consistently taken profits … [Continue reading]
SEC vs. Ripple lawsuit update: Regulator responds to letter regarding Terraform Labs judgment
SEC slams Ripple for citing Terraform Labs' example for lower settlement, and shares differences between two cases. The regulator notes that a much larger penalty, $102.6 million is applicable to Ripple, not the $10 million. XRP price is nearly … [Continue reading]