The Dow Jones rose on Monday as equities test higher ground.Traders continue to bet on another tariff walkback.A thin economic calendar leaves trade headlines as the dominant force.The Dow Jones Industrial Average (DJIA) clawed back recent losses on … [Continue reading]
US Dollar under pressure as trade tensions grow, Fed uncertainty weigh on sentiment
The US Dollar starts the week under pressure, slipping against major currencies on Monday.Despite solid US economic data, the DXY remains capped below the key 99.00 resistance.The DXY US Dollar Index is hovering above critical support near 98.00, … [Continue reading]
GBP/USD: View is still negative – UOB Group
Pound Sterling (GBP) could edge lower, but it does not appear to have enough momentum to break below 1.3375. GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX … [Continue reading]
Japan’s Ishiba: Election was a harsh judgment on LDP government
Japanese Prime Minister Shigeru Ishiba on Monday apologized to the ruling Liberal Democratic Party (LDP) for the election loss, adding that he will continue to govern in coalition with Komeito.Key quotesApologizes to the LDP party for … [Continue reading]
Gold Price Forecast: XAU/USD trades with mild gains near $3,350 on tariff uncertainty
Gold price posts modest gains around $3,350 in Monday’s early Asian session. Economic uncertainty and lower interest rates boost safe-haven flows, supporting the Gold price. The upbear UoM survey might help limit the Gold’s … [Continue reading]
Ethereum Price Forecast: ETH extends rally as ETFs eye record weekly inflows, Bit Digital treasury tops 120,000 ETH
Ethereum price today: $3,540Bit Digital has increased its ETH stash above 120,000 ETH.Ethereum ETFs are set to record their largest weekly inflows after attracting over $1.78 billion in the past four days.ETH approaches the $4,000 key level after … [Continue reading]
EUR/USD gains as Fed’s Waller supports July rate cut, US sentiment improves
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower.UoM survey shows improved sentiment and easing inflation expectations in the US.ECB decision, EU PMIs, and US macro data in focus for the week ahead.The EUYR/USD finished … [Continue reading]
Charles Schwab CEO hints at Bitcoin and Ethereum trading for clients as GENIUS Act becomes law
Charles Schwab CEO Rick Wurster said the company plans to launch Bitcoin and Ethereum trading for its clients.The firm aims to compete with Coinbase, where clients purchase their BTC.The development follows progress in crypto regulation as President … [Continue reading]
United States CFTC Oil NC Net Positions down to 162.4K from previous 209.4K
Bitcoin price is trading above $120,000 on Friday, inching closer to its all-time high of $123,218. Ethereum price has surged by over 20% so far this week, with bulls aiming for the $4,000 level next. Ripple has taken center stage, reaching a … [Continue reading]
Australia CFTC AUD NC Net Positions down to $-74.9K from previous $-74.3K
Bitcoin price is trading above $120,000 on Friday, inching closer to its all-time high of $123,218. Ethereum price has surged by over 20% so far this week, with bulls aiming for the $4,000 level next. Ripple has taken center stage, reaching a … [Continue reading]