GBP/JPY up 0.43%, on track for weekly gain over 0.40% amid resilient buyer momentum.Pair nears June 17 high at 196.83; close above 197.00 could open path to 198.00.RSI remains bullish; downside risks emerge below 195.29 Tenkan-sen support.The GBP/JPY … [Continue reading]
Dow Jones Industrial Average settles in late-week lull as key US data looms ahead
The Dow Jones treaded water on Friday following a late-week holiday closure.Major equity indexes are awaiting key US economic data next week.Fed rate cut expectations are creeping back to the forefront.The Dow Jones Industrial Average (DJIA) held … [Continue reading]
TRON flips Dogecoin in market cap following stablecoin bill progress
TRON's TRX has surpassed Dogecoin to become the eighth-largest cryptocurrency, with a market cap of $25.7 billion.The growth is likely boosted by progress in US stablecoin legislation, with TRON as the second-largest blockchain in terms of stablecoin … [Continue reading]
WTI Oil retreats as Middle East tensions ease, Trump holds back military move
WTI crude pulls back after topping $75.54 on Thursday, pressured by easing geopolitical risk.Geneva talks between Iran and EU diplomats signal diplomatic momentum, cooling Strait of Hormuz fears.Trump delays decision on direct US involvement, … [Continue reading]
Forecasting the upcoming week: Key US data, geopolitical headlines to dominate the markets
This week saw the return of the US Dollar’s (USD) safe-haven momentum in markets. Following a brief period where the Greenback performed similarly to a regular alpha-adjusted asset, thanks to some sharp readjustments to market expectations for … [Continue reading]
Solana-based Pump.fun token sale could benefit insiders and early investors, warns Web3 VC firm
Solana-based meme coin launchpad Pump.fun has reportedly delayed its token auction again, now expected in mid-July.The auction, estimated at $4 billion, has faced multiple delays since 2024.VC firm DWF Ventures shared a detailed analysis for retail … [Continue reading]
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar.Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist.Equity benchmarks Sensex and Nifty rally over 1% … [Continue reading]
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold finds support from Trump’s Iran deadline, but US Dollar recovery limits gains.The US Dollar strengthens as markets balance safe-haven flows with evolving rate cut expectations.XAU/USD remains steady as Fed rate cuts are already priced in, but … [Continue reading]
JPY: Food prices continue to drive inflation – Commerzbank
Rice accounts for just 0.62% of the Japanese consumer price index, Commerzbank's FX analyst Volkmar Baur notes. Inflation in Japan stands at 3.5% in May"However, given that rice prices have risen by over 100% in the past 12 months, this has had a … [Continue reading]
GBP/JPY falls below 196.00, trims recent gains following poor UK Retail Sales data
GBP/JPY pared daily gains as UK Retail Sales declined by 2.7% MoM in May, worse than the expected 0.5% drop.The currency cross receives support from reports suggesting an easing of the US aggression on Iran.The Japanese Yen struggles due to ongoing … [Continue reading]