Ripple (XRP) extends its downtrend, trading around $1.09 at the time of writing on Friday, its lowest level since November 2024. The cross-border remittance token’s free fall since the week began aligns with a broader crypto market sell-off, with … [Continue reading]
XRP extends downtrend toward $1.00 as derivatives data underscore bearish sentiment
Ripple (XRP) extends its downtrend, trading around $1.09 at the time of writing on Friday, its lowest level since November 2024. The cross-border remittance token’s free fall since the week began aligns with a broader crypto market sell-off, with … [Continue reading]
Canada Ivey Purchasing Managers Index s.a came in at 58.2, above expectations (55) in May
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor … [Continue reading]
Canada Unemployment Rate set to hold at 6.9% in May, signaling a weak job market
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for quite a steady print. The Unemployment Rate is expected to remain at 6.9% in May, while the Net Change in Employment is forecast to increase by 10K, … [Continue reading]
Singapore Retail Sales (YoY) increased to 5.4% in April from previous 4.8%
Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters … [Continue reading]
Japan’s Katayama says always ready to react suitably as needed on forex
Japan’s Finance Minister Satsuki Katayama said on Friday that the authorities are always ready to react suitably as needed on foreign exchange. Meanwhile, Japanese Prime Minister Sanae Takaichi stated that weak Japanese Yen (JPY) … [Continue reading]
XRP slumps toward $1.00 as ETF outflows, weak technicals fuel bearish outlook
Ripple (XRP) edges lower, trading around $1.15 at the time of writing on Thursday, its lowest price since February 6. The cross-border money remittance token is extending the sell-off for the fifth consecutive day, reflecting persistent headwinds … [Continue reading]
Oil: Middle East conflict reshapes outlook – BNY
Bob Savage highlights that the OECD now sees the Middle East conflict as the main driver of the global outlook, with surging energy and input prices lifting inflation and weighing on growth. The OECD cut its 2026 global GDP forecast and outlines … [Continue reading]
Euro bounces up against the US Dollar despite weak Eurozone Retail Sales data
The Euro (EUR) is rallying against a weaker US Dollar (USD) in Thursday’s European trading session, reversing Wednesday’s losses and returning to the 1.3630 area at the time of writing. A moderate improvement in market sentiment following news of a … [Continue reading]
Switzerland Consumer Price Index (YoY) came in at 0.6% below forecasts (0.8%) in May
Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters … [Continue reading]