Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Ethereum records another day of heavy liquidations as Mt. Gox bearish pressure persists
Ethereum sees over $108 million in liquidations as Mt. Gox begins repayment to creditors. Grayscale Ethereum Trust switched to trading at a premium to net asset value as spot ETH ETF launch draws closer. Ethereum may begin consolidation as key … [Continue reading]
APT, XAI, and IMX: Could these three token unlocks lead to further decline?
$161 million worth of APT, XAI, and IMX are set to flood the market next week. Their prices may decline further following the unlock, as all three tokens are down over 5% in the past 24 hours. DYDX, NTRN, FORT and HNT are other tokens that will … [Continue reading]
WIF and BONK post gains amid wider market drawdown
WIF is up more than 7% as Solana bulls appear to have returned to the meme coin. BONK joined WIF in defiling the bearish trend, posting a 2% gain in the past 24 hours. Meme coins may suffer major hits if the crypto market's bearish pressure … [Continue reading]
Gold bug Peter Schiff predicts Bitcoin sell-off will intensify when price drops under $38,000
Peter Schiff predicted that 100% of Bitcoin ETF buyers will lose money when BTC trades below $38,000. Schiff expects the sell-off to intensify once Bitcoin ETF buyers are underwater on their investment. Bitcoin swept a low of $53,485 … [Continue reading]
Gold rises sharply to six-week high on dismal US labor market data
Gold price leaped over 1% to $2,385, spurred by mixed US NFP data and heightened Fed rate cut speculation. June NFP surpasses forecasts, yet revisions for April and May indicate an accelerating labor market cooldown. US Dollar Index (DXY) declines … [Continue reading]
NZD/USD Price Analysis: Bulls gaining control, closes week above critical resistance
NZD/USD edged higher and closed above the 20 SMA support around 0.6120. With the technical outlook now showing signs of bullishness, the pair tests resistance around the 0.6150 level. On Friday, the NZD/USD saw gains of 0.40% to 0.6050, as it … [Continue reading]
EUR/USD churns but finds fresh Friday highs after US NFP sparks rate cut hopes
EUR/USD clipped into 1.0840 after broad-market risk appetite rally after US NFP print. Sharp NFP revisions have reignited hopes for a September Fed rate cut. Coming up next week: Fed Chair Powell, US CPI print, German Retail Sales. EUR/USD whipsawed … [Continue reading]
GBP/USD continues win streak, extends rally post-NFP
GBP/USD climbed above 1.2800 after US NFP figures sparked risk rally. Broad-market risk sentiment recovered on Friday as rate cut hopes reignite. Coming up next week, Fed Chair Powell appearance, US CPI, UK industrial activity. GBP/USD rallied back … [Continue reading]
Mexican Peso rockets to 3-day high, ends week with 1% gain
Mexican Peso hit an eight-day high of 17.99 before losing traction. Light economic week in Mexico; upcoming data includes May CPI, Consumer Confidence, and Banxico meeting minutes. US Nonfarm Payrolls exceed expectations; revisions to prior months … [Continue reading]