XRP rebounds after immense volatility in recent days, triggered by US President Donald Trump’s reciprocal tariffs.A negative MVRV ratio signals that XRP is significantly undervalued, calling on traders to buy the token.A noticeable decline in the … [Continue reading]
Japanese Yen sticks to intraday gains against a broadly weaker USD
The Japanese Yen attracts some dip-buyers and reverses a part of the overnight losses.BoJ rate cut bets and growing recession fears drive safe-haven flows towards the JPY.Dovish Fed expectations weigh on the USD and also exert pressure on USD … [Continue reading]
USD/CAD softens below 1.4250 as investors ramp up bets on Fed rate cuts
USD/CAD edges lower to around 1.4240 in Monday’s late American session.Goods from Canada that comply with the USMCA trade agreement will remain exempt from Trump’s tariff. Investors are stepping up bets that the Fed will cut interest rates … [Continue reading]
US Dollar attempts recovery as tariff pause rumors swirl
The DXY trades around the 103 zone on Monday, trying to extend Friday’s rebound amid volatile market conditions.A report suggesting Trump may pause tariffs briefly lifted sentiment, but a sharp White House denial reversed optimism.Resistance sits … [Continue reading]
USD/CAD trades higher around 1.4260 as Canadian Dollar underperforms
USD/CAD gains to near 1.4260 due to underperformance by the Canadian Dollar.Weak Canadian labor market data has prompted BoC dovish bets.Trump’s tariffs have exposed the US economy to a recession.The USD/CAD pair rises to near 1.4260 during North … [Continue reading]
Dogecoin shatters $0.15 support as ‘Black Monday’ bloodbath fears surge
Dogecoin tumbles over 10% on Monday, slashing $3.73 billion from its market capitalization to $19.78 billion.CNBC host Jim Crammer warns of global markets’ bloodbath if US President Donald Trump stays intrasigent.The MACD indicator sustains a sell … [Continue reading]
NZD/USD remains under selling pressure near 0.5550 on Chinese tariff retaliation
NZD/USD weakens to near 0.5565 in Monday’s early European session. China retaliated against Trump in a trade war with 34% tariffs on US imports, weighing on the China-proxy Kiwi. The RBNZ is expected to cut its OCR by 25 bps to 3.50% on … [Continue reading]
GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900
GBP/USD rebounds after touching a one-month low during the Asians session on Monday. The divergent Fed-BoE policy expectations support the pair amid a weaker USD. The global carnage offers some support to the safe-haven buck and might cap the … [Continue reading]
Bitcoin could be the winner in the ongoing trade war after showing signs of decoupling from stocks
President Donald Trump called out Fed Chair Jerome Powell to cut interest rates and "stop playing politics." Powell stated that the Fed will maintain a "wait and see" approach as it's too soon to determine policy changes. Bitcoin's price held steady … [Continue reading]
Ethereum Price Forecast: ETH shows resilience amid stock market turmoil
Ethereum price today: $1,810 Ethereum showed strength in the recent financial market decline, trading above $1,800 despite Fed Chair Jerome Powell's hawkish statements. ETH could see a turnaround if cryptocurrencies hold steady amid global … [Continue reading]