Share: In remarks prepared for delivery to a "Fed Listens" event in Atlanta, Federal Reserve (Fed) Governor Michelle Bowman said that additional rate increases will likely be needed to lower inflation back to target, per Reuters. Bowman … [Continue reading]
Gold price retraces as mixed labor data report lose appeal ahead of inflation data
Share: Gold price drops sharply amid strength in the US Dollar as focus shifts to US CPI. Fed’s Bostic supports the continuation of the rate-tightening cycle amid resilience in consumer spending. JP Morgan looks confident that the US economy will … [Continue reading]
GBP/USD trades with a mild negative bias, below mid-1.2700 amid reviving USD demand
Share: GBP/USD attracts some sellers on Monday and is pressured by modest USD strength. Bets for more interest rate hikes by the Fed help revive demand for the Greenback. The BoE’s less hawkish forward guidance also contributes to the mildly … [Continue reading]
USD/CHF recovers some lost ground above 0.8740 area ahead of the Swiss Unemployment data
Share: USD/CHF gains traction around 0.8742, up 0.19% for the day. The July employment and wage inflation report on Friday showed mixed results. President Joe Biden is likely to announce an executive order restricting US investments in China. … [Continue reading]
Crypto bills in the US are likely to face hostility from the Senate and White House, according to experts
Share: Director of government relations for the US Blockchain Association believes that the market structure bill is probably a two-year thing. Analysts at CoinDesk believe that the bill could face a potentially hostile Senate and White … [Continue reading]
Chainlink price likely to rally as CCIP testnet activity gathers steam
Share: Chainlink network’s CCIP testnet has been subjected to interesting activity like digital coin transactions of the Australian, New Zealand and Singapore Dollar. Multiple transactions on the CCIP testnet have bridged stablecoins between … [Continue reading]
Pro-XRP attorney predicts XRP likely to hit its all-time high in a Bitcoin bull market
Share: Pro-XRP attorney John Deaton argues that the altcoin XRP can hit its new all-time high during a Bitcoin bull run. Deaton argues that despite Ripple’s partial victory against the US SEC, a bull market is needed for XRP to hit a new … [Continue reading]
Bitcoin halving cycles show a weakening trend, similar to Litecoin, according to experts
Share: NYDIG, a Bitcoin company, revealed that the recent Litecoin halving paints a bearish picture for the upcoming BTC halving event. The duration of BTC and LTC halving cycles has remained the same but the amplitude of price rally … [Continue reading]
Crypto token unlocks in August: SAND, WLD, AVAX, Optimism, INJ
Share: Crypto tokens worth upwards of $320 million are set to unlock in August. Sandbox, Worldcoin, Avalanche, Optimism, and Injective token unlocks are lined up in the second half of August 2023. Altcoin season ended in July and token … [Continue reading]
Elon Musk confirms X will “never launch” a crypto token, DOGE community bullish on token’s likely adoption
Share: Elon Musk addressed the rumors of a Twitter or X token launch and stated that the platform will “never launch” a crypto token. Dogecoin’s community of holders grow hopeful that the meme coin could find utility on X’s platform, given … [Continue reading]