Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. … [Continue reading]
Some reduction in USD exposure ahead of Jackson Hole – Scotiabank
Share: The USD is slightly softer overall to start the week off. Economists at Scotiabank analyze Greenback’s outlook. Markets look to Jackson Hole It’s a very light week for data which may mean that markets will consolidate somewhat ahead of … [Continue reading]
US Dollar in calm mode as traders keep eyes on Jackson Hole
Share: US Dollar price action expected to remain fairly muted with little waves during the week. Traders will try to keep their powder dry for the main event on Friday with US Fed Chair Powell's speech at Jackson Hole. The US Dollar Index … [Continue reading]
EUR/USD recovers some lost ground near 1.0880 ahead of German PPI
Share: EUR/USD recovers some lost ground near 1.0800 ahead of German economic data. The easing Eurozone inflation data alleviated pressure on the European Central Bank to continue rates hike. Investors raise their bets on more rate hikes by the … [Continue reading]
Gold Price Forecast: XAU/USD kicks off the week in a consolidation around $1,890
Share: Gold price consolidates as an effect of declined US yields and risk aversion. Upbeat US economic data prompts a cautious market sentiment. PBoC reduced interest rates by 10 bps against the expected 15 bps. Gold price struggles to snap a … [Continue reading]
Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?
Share: Bitcoin CME gaps exist due to the lack of trading on CME on weekends. These gaps have become self-fulfilling prophecies that are often rebalanced. There gaps currently exist, $35,000, $27,000 and $21,000. Bitcoin (BTC) futures product was … [Continue reading]
Coinbase Layer 2’s friend.tech overtakes Tron and Uniswap in 24-hour fees
Share: Coinbase’s Layer 2 protocol BASE has become extremely popular of late due to the new projects launched on it. Friend.tech, a Paradigm-backed project, has beat the likes of Tron, Uniswap, Bitcoin and other popular DeFi projects in total fees … [Continue reading]
SEC could approve multiple Ether ETFs soon while delaying Bitcoin spot ETFs
Share: The US SEC could green-light multiple Ether futures, according to a recent Wall Street Journal report. If approved, it would be the first Ether futures ETF in the United States to track Ethereum price. This decision comes as the SEC delays … [Continue reading]
If things do not improve, another miner-induced sell-off is likely for Bitcoin
Share: Bitcoin price has crashed from nearly $30,000 to $25,000 in under 48 hours, causing massive liquidations. A close look at miner statistics reveals that another leg of this crash might be brewing if things do not improve. A continued … [Continue reading]
Investors bet on Stellar’s XLM as SEC comes with a vengeance on Ripple’s XRP token
Share: XLM price has taken the lead in recovering losses after the recent market-wide sell-off on August 17. Investors seem to be more interested in Stellar’s XLM token after SEC filed a motion that could contest the initial verdict of the SEC vs. … [Continue reading]