The Yen remains the worst-performing currency of the G8 majors this week. EUR/JPY downside attempts have been contained above a previous high, at the 182.00 area earlier on Wednesday, and the pair reversed previous losses to retest its highest levels … [Continue reading]
Japanese Yen sticks to modest recovery gains amid firming BoJ rate hike expectations
The Japanese Yen (JPY) remains on the front foot through the Asian session on Wednesday in the wake of Japan’s Corporate Goods Price Index, which exceeded expectations and reaffirmed bets for an imminent rate hike by the Bank of Japan (BoJ). This … [Continue reading]
Bitwise Hougan says indexes are his preferred way of investing in crypto
The crypto market could see a 10-20x growth over the next decade, but correctly predicting which chains or projects will win can be a hassle, according to Bitwise CIO Matt Hougan."Outcomes will be shaped by regulation, execution, macro conditions, … [Continue reading]
Dow Jones Industrial Average stumbles ahead of Fed rate call
The Dow Jones Industrial Average (DJIA) withered on Tuesday, shedding another 120 points in a second straight soft day. Rate-cut-hungry markets hunker down for the wait to this week’s hotly anticipated Federal Reserve (Fed) interest rate cut and … [Continue reading]
BoE: Hawkish comments from the treasury select committee
Bank of England Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for monetary policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy … [Continue reading]
JOLTS Job Openings poised to reveal labor market trends ahead of key Fed decision
The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). Due to the long-lasting government shutdown, the publication will provide data on changes in the number of Job … [Continue reading]
Pepe Price Forecast: PEPE stalls as on-chain, derivatives data flash bullish signals
Pepe (PEPE) trades in the red on Tuesday after failing to secure a daily close above the $0.00000500 psychological level on Monday. The technical outlook remains mixed as the meme coin consolidates. Still, the derivatives and on-chain data indicate a … [Continue reading]
US President Donald Trump threatens Mexico with tariffs over water dispute
US President Donald Trump on Monday threatened to impose a 5% tariff on Mexico if it doesn't immediately provide additional water to help US farmers, accusing the country of violating a decades-old treaty that grants US farmers access to water from … [Continue reading]
Dow Jones Industrial Average sheds 200 points as Treasury yields rise
The Dow Jones Industrial Average fell back from the 48,000 handle on Monday as investor expectations for an upcoming interest rate cut from the Federal Reserve (Fed) were overridden by a fresh upswing in 10-year Treasury yields.Rising Treasury yields … [Continue reading]
XRP steadies near $2.10 as ETFs attract inflows, retail demand subdued
Ripple (XRP) is trading at around $2,10 at the time of writing on Monday, after bouncing off its short-term support at $2.00. The cross-border remittance token has continued to receive steady support from institutional investors through spot Exchange … [Continue reading]