WTI kicks off the new week on a weaker note amid some profit-taking, though it lacks follow-through. Middle East tensions, along with optimism over demand recovery, lend support to Crude Oil prices. Traders now look to Fedpseak for some impetus, … [Continue reading]
AUD/USD holds above 0.6800 despite stronger US Dollar, eyes on RBA Minutes
AUD/USD trades in positive territory around 0.6805 in Monday’s early Asian session. The US Nonfarm Payrolls came in stronger than expectations in September. Middle East geopolitical risks might weigh on the Aussie, but a hawkish RBA could … [Continue reading]
Aptos and EIGEN lead $200 million token unlocks next week amid massive failure in low float, high FDV launches
The crypto market will witness token unlocks worth $200 million next week. APT and EIGEN will see the highest unlock volume, adding $93 million and $34 million worth of new supply to circulation. There is a massive failure among tokens that … [Continue reading]
Bitcoin, S&P 500 and USD sees simultaneous uptick amid declining unemployment rate
The US Dollar index soared as September saw a decline in unemployment rate. Bitcoin and S&P 500 strengthen correlation with another simultaneous rise. Gold has performed better than Bitcoin on risk-adjusted returns. Bitcoin (BTC) reclaimed the … [Continue reading]
Ethereum sees revenue uptick in September amid rising inflation rate
Ethereum revenue in September was about 4x larger than Solana's after the Fed rate cut. Ethereum annual inflation rate has risen to a two-year high of 0.74%. Ethereum has reclaimed the $2,395 support level and could rally to $2,595 if it crosses … [Continue reading]
Token unlock pushes XRP lower as holders come to grips with SEC appeal
Ripple has unlocked 1 billion XRP tokens on October 1, amidst major unlocks across the crypto market. Solana and Arbitrum have a combined unlock of over $100 million worth of tokens in October. XRP holds steady above support at $0.5200, … [Continue reading]
XRP recovery less likely amidst 1 billion token unlock and SEC appeal in Ripple lawsuit
Ripple has unlocked 1 billion XRP tokens on October 1, amidst major unlocks across the crypto market. Solana and Arbitrum have a combined unlock of over $100 million worth of tokens in October. XRP holds steady above support at $0.5200, … [Continue reading]
US Dollar climbs for fifth straight day after bumper NFP jobs report
The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) … [Continue reading]
Aussie Dollar slips on robust US data, eyes on next week’s US inflation
AUD/USD falls following robust US Nonfarm Payrolls data, reducing the likelihood of aggressive Fed rate cuts. Fed Chair Powell signals slower pace of easing, with markets now pricing in a 25 bps cut for November. Australian data shows mixed results … [Continue reading]
USD/JPY Price Forecast: Skyrockets and climbs above 148.00
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B … [Continue reading]