Ethereum price today: $4,100Kerrisdale Capital stated that it has shorted Ethereum treasury firm BitMine, citing declining premiums on its ETH-per-share.The firm blasted the crypto treasury model, claiming the strategy "no longer works."ETH risks a … [Continue reading]
Breaking: UoM Consumer Sentiment Index edges lower to 55 in October vs 54.2 forecast
Consumer confidence in the United States (US) deteriorated slightly in early October, with the University of Michigan's Consumer Sentiment Index edging lower to 55 in its preliminary estimate from 55.1 in September. This print came in better than the … [Continue reading]
Silver rallies to fresh record highs – Commerzbank
Spot Silver rose for a second consecutive session to fresh record highs yesterday, amid soaring safe-haven asset demand and intensified supply shortages in the London bullion market, ING's commodity experts Ewa Manthey and Warren Patterson … [Continue reading]
EUR/GBP holds gains near 0.8700 as traders expect ECB to keep rates unchanged
EUR/GBP extends its gains for the second successive day, trading around 0.8700 during the Asian hours on Friday. The currency cross gains ground as the Euro (EUR) receives support after the European Central Bank’s (ECB) September policy meeting … [Continue reading]
US Treasury Sec. Bessent says he expects a rebalancing soon, where India buys less Russian oil
US Treasury Secretary Scott Bessent said on Friday that we are going to see rebalancing where India buys less Russian oil soon.Key quotesSoon we are going to see rebalancing where India buys less Russian oil.India is going to start rebalancing … [Continue reading]
Dow Jones Industrial Average hits one-week low amid government shutdown concerns
The Dow Jones Industrial Average (DJIA) knocked sharply lower on Thursday following a week-long meandering period. The Dow tumbled into the 46,300 region after opening the American market session near 46,600, knocking the major equity index down … [Continue reading]
GBP/USD falls to two-week low as Dollar momentum strengthens
The GBP/USD tumbles during the North American session as the Greenback reaches a 9-week high as depicted to the US Dollar Index (DXY), hitting 99.39 as hedge funds increase bets on Dollar gains towards the year end, according to a Bloomberg article. … [Continue reading]
USD/CHF Price Forecast: Refreshes monthly high near 0.8040
The USD/CHF pair posts a fresh monthly high near 0.8040 during the European trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar (USD) trades close to its two-month high ahead of the speech from Federal Reserve’s (Fed) … [Continue reading]
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.24 per barrel, up from Wednesday’s close at $61.92.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.81 price posted … [Continue reading]
Australian Dollar rises following Consumer Inflation Expectations release
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session. The AUD/USD pair gains ground following the release of Australia’s Consumer Inflation Expectations for October, which … [Continue reading]