GBP/USD weakens to near 1.3495 in Monday’s Asian session. The Fed’s Powell opened the door to resuming interest rate cuts. Hot UK July inflation data diminish the odds of BoE rate reductions this year.The GBP/USD pair faces some selling … [Continue reading]
XRP registers 7% gain following dovish Fed hints and Ripple’s partnership with SBI
Ripple revealed a partnership with SBI Holdings to begin distributing its RLUSD stablecoin in Japan.Fed Chair Powell delivered dovish remarks at Jackson Hole, hinting at the possibility of rate cuts.XRP breaks above the 50-day SMA as it tests a key … [Continue reading]
XRP rises 7% upon partnership with SBI and Fed Chair Powell’s dovish hints
Ripple revealed a partnership with SBI Holdings to begin distributing its RLUSD stablecoin in Japan.Fed Chair Powell delivered dovish remarks at Jackson Hole, hinting at the possibility of rate cuts.XRP breaks above the 50-day SMA as it tests a key … [Continue reading]
Ethereum surges to new all-time high following Powell’s dovish hints, eyes $6,000
Ethereum crossed the $4,800 mark for the first time in nearly four years after Fed Chair Powell's dovish remarks at Jackson Hole.ETH has risen over 100% since June, spurred by $9 billion ETF inflows and 3 million ETH acquisition from DATs.ETH is on … [Continue reading]
Gold above $3,370 as Powell turns dovish, labor risks rise
Gold prices rallied sharply after Powell’s dovish tone highlighted employment risks despite persistent upside risks to inflation.Traders priced in a 90% probability of a 25 basis-point Fed cut, with key data still ahead before September.Next week’s … [Continue reading]
EUR/USD surges above 1.17 as Powell hints at September Fed cut
EUR/USD rallies nearly 1% as Powell signaled policy flexibility and acknowledged downside risks in the US labor market.Traders boosted odds of a 25 bps Fed cut in September to 90%, up sharply from 72% on Thursday.Outcome hinges on Core PCE, CPI, and … [Continue reading]
Dow Jones Industrial Average soars after Powell sounds dovish
The Dow Jones shattered price records on Friday, hitting above 45,700 for the first time ever.Equities and general risk appetite soared after Fed Chair Powell made a dovish appearance.A September rate cut looks like a sure thing, bolstering general … [Continue reading]
United States CFTC Gold NC Net Positions declined to $212.6K from previous $229.5K
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]
United Kingdom CFTC GBP NC Net Positions up to £-25.2K from previous £-39.1K
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]
Eurozone CFTC EUR NC Net Positions up to €118.7K from previous €115.4K
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]