The US Dollar (USD) came under renewed downside pressure, partially eroding the previous week’s strong uptick, as investors continued to pencil in the likelihood that the Federal Reserve could lower its interest rates once again at its December 10 … [Continue reading]
WTI Crude Oil rises amid Russia-Ukraine peace efforts as focus turns to OPEC+ meeting
West Texas Intermediate (WTI) US Oil trades around $59.30 on Friday at the time of writing, posting a 0.50% daily gain as investors adopt a cautious stance while monitoring ongoing efforts toward a Russia-Ukraine peace agreement.Market participants … [Continue reading]
Gold and Silver prices climb on expected Fed easing – Commerzbank
Silver is approaching its record high, with Gold also rising, as markets price in further interest rate cuts and declining inventories in China boost momentum, Commerzbank's commodity analyst Barbara Lambrecht notes. Silver nears all-time high amid … [Continue reading]
Pi Network Price Forecast: PI dips after rally as 186 million token unlock looms in December
Pi Network (PI) is down 4% by press time on Friday, after three days of an uptrend fueled by the CiDi Games partnership announcement on Wednesday. The intraday pullback risks erasing this week's gains as Centralized Exchanges (CEXs) witness large … [Continue reading]
Zcash Price Forecast: ZEC risks a 30% drop as retail volume overheats the futures market
Zcash (ZEC) extends the pullback by over 3% at press time on Friday, recording over 17% loss so far this week. The second straight bearish week for the privacy coin comes on the back of stagnancy in shielded pools and the congested retail demand, … [Continue reading]
Upbit hit with $37 million loss following Solana wallet breach
Crypto exchange Upbit suffered a $37 million hack after one of its Solana (SOL) wallets was compromised. The exchange halted withdrawals and deposits on its platform following the incident.Upbit suffers $37 million hack via its Solana walletSouth … [Continue reading]
Gold firms in muted trading amid rising conviction of Fed cut
Gold (XAU/USD) remains firm during the North American session on Thursday amid a low-volume trading session as US markets remain closed in observance of the Thanksgiving holidays. At the time of writing, XAU/USD trades at $4,158, virtually … [Continue reading]
EUR/JPY steady as ECB minutes support Euro, Yen pressured by fiscal concerns
EUR/JPY trades around 181.25 on Thursday at the time of writing, as the market digests a mild boost for the Euro (EUR) from the latest European Central Bank (ECB) Accounts alongside a still-challenging backdrop for the Japanese Yen (JPY).The ECB … [Continue reading]
EUR/USD nudges lower with Eurozone Consumer Confidence steady
EUR/USD shows moderate losses heading into the European midday, trading near 1.1585 after rejection above 1.1600 earlier on Thursday. Eurozone Consumer Confidence data has failed to surprisinvestors although market confidence that the Federal Reserve … [Continue reading]
US Dollar Index retreats below 99.50 on rate cut expectations
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 99.45 during the early European trading hours on Thursday. The DXY … [Continue reading]