Metaplanet announced that it has issued a 555 million share offering, valued at $5.4 billion, to increase its Bitcoin holdings.The company also revealed an increase in its Bitcoin acquisition plan, now targeting 210,000 BTC by 2027.Strategy also … [Continue reading]
US Pres. Trump: Borrowing costs should be much lower
United States (US) President Donald Trump took to social media to call upon Federal Reserve (Fed) Chairman Jerome Powell to lower interest rates on Friday."There is virtually no inflation (anymore), but if it should come back, raise “rate” to … [Continue reading]
EUR: Lagarde provides support – ING
We were caught off guard by the main message from ECB President Christine Lagarde yesterday that the easing cycle was nearing its conclusion, ING's FX analyst Chris Turner notes.1.1330/1350 may be the limit of the EUR/USD sell-off"The terminal rate … [Continue reading]
USD/INR gains as RBI surprisingly cuts repo rate by 50 bps to 5.5%
The USD/INR rises to near 86.00 as the RBI has cut its repo rate by 50 bps to 5.5%, against expectations of a 25-bps interest rate reduction.The RBI has changed its stance from accommodative to neutral.Investors await the US NFP data for May.The … [Continue reading]
Bitcoin, Ethereum, XRP slides as Elon Musk and Trump clash over “One Big Beautiful Bill”
Bitcoin dived 3% on Thursday, dragging top altcoins Ethereum, XRP and Solana in the process.The decline sparked nearly $1 billion in liquidations across the cryptocurrency futures market.Musk and Trump engaged in a war of words over the "One Big … [Continue reading]
Dow Jones Industrial Average loses some ground as Trump and Musk clash
The Dow Jones is holding steady as markets await Friday’s NFP report.Despite an overall upbeat tone to equities, market sentiment remains hobbled.The US is heading into trade talks with China, which Trump staffers historically lack the patience … [Continue reading]
Silver prices surge to multi-year highs, posting intraday gains near 3.50%
Silver prices break technical psychological resistance at $35.00, pushing prices to their highest level since February 2012.Interest rate expectations and the direction of the US Dollar help drive Silver prices.Safe-haven demand continues to rise as … [Continue reading]
European Central Bank set to trim interest rates as markets look for clues about further cuts
The European Central Bank is set to deliver another 25 bps cut to key rates on Thursday.The ECB’s updated staff projections and President Christine Lagarde’s presser will be closely scrutinized.The EUR/USD pair could move sharply depending on the ECB … [Continue reading]
EUR/GBP holds steady below 0.8450 ahead of ECB rate decision
EUR/GBP steadies around 0.8420 in Thursday’s early European session.The ECB is expected to trim interest rates by 25 bps on Thursday, bringing its deposit facility rate to 2.0%.The UK is temporarily spared from Trump's 50% steel tariffs. The … [Continue reading]
Australian Dollar holds ground following Trade Balance, China Services PMI data
The Australian Dollar maintains its position despite a decline in Australia’s trade surplus.China’s Caixin Services PMI came at 51.1 in May, improving from 50.7 in April.The US Dollar continues to struggle after the weaker economic data released on … [Continue reading]