Share: WTI price struggles to halt its losing streak. OPEC+ is expected to extend the oil production cut in 2024. IEA anticipates a slight surplus in Crude oil production in the next year. Western Texas Intermediate (WTI) price struggles to snap … [Continue reading]
Blur price likely to extend losses to 42% as whale investors dump BLUR tokens
Share: Blur price has dropped nearly 27% from its local high of $0.685. Investors can expect a further drop of 46% based on on-chain metrics. A network-wide decline in activity combined with high unrealized profits and whales offloading … [Continue reading]
TUSD depegs as Justin Sun addresses terrorist financing concerns; Tron price falls too
Share: Tron price dipped by 3% to trade at $0.1042, erasing part of last week's 13% rally. Justin Sun addressed the Reuters report of Tron exceeding Binance in terrorist financing, saying the top priority remains to maintain decentralization. … [Continue reading]
Canadian Dollar rangebound on Monday as markets look ahead to midweek data
Share: The Canadian Dollar is grappling with sideways momentum on Monday. Markets look ahead to key data for both the US and Canada in the latter half of the week. US PCE inflation & ISM Manufacturing, Canada GDP & employment change are on … [Continue reading]
Oil turns flat as US session comes into play on Monday
Share: WTI Oil saround $75 ahead of US opening bell. The US Dollar is trading flat as US trading session underpins the Greenback. Oil could sink below $70 if OPEC+ can not unify and come out with a set of supportive measures. Oil prices are … [Continue reading]
Dollar’s drop might have come far enough for the time being – ING
Share: The Dollar is hovering near recent lows. Economists at ING analyze USD outlook. Don’t chase the Dollar bear trend While acknowledging that November and December are seasonally soft months for the dollar, our view is that this Dollar sell-off … [Continue reading]
EUR/USD Price Analysis: Continues the winning streak on weaker US Dollar, trades near 1.0950
Share: EUR/USD extends gains for the third session as the US Dollar struggles. Technical indicators suggest a potential revisit to a three-month high at 1.0965. The seven-day EMA could act as a key support followed by the psychological level at … [Continue reading]
EUR/USD remains capped below 1.0950, eyes on Eurozone inflation, US GDP data
Share: EUR/USD loses ground near 1.0935 on renewed USD demand. The German economy started the second half of the year with a modest economic slowdown. US S&P Global Composite PMI held steady at 50.7 in November. Traders will focus on the … [Continue reading]
IMX, 1INCH, DYDX tokens worth $105 million will unlock in the upcoming week
Share: IMX, 1INCH and DYDX tokens will be unlocked in the upcoming week. DYDX unlock is scheduled for November 30 and IMX, 1INCH unlock events are lined up for December 1. Tokens that will be unlocked account for 1% to 5.4% of the asset’s … [Continue reading]
Cardano based project commits to AI integration with launch of AI-powered Girolamo
Share: CardanoGPT, based on Cardano, begins a new phase of exploring AI and blockchain with the launch of Girolamo. The launch of the AI powered entity represents CardanoGPT’s exploration of AI applications within the blockchain framework. … [Continue reading]