Ripple (XRP) is trading downward but holding support at $2.22 at the time of writing on Wednesday, as fear spreads across the cryptocurrency market, reversing gains made from the start of the year. Profit-taking appears to be center stage, as … [Continue reading]
EUR/JPY Price Forecast: Slips below 183.00 as momentum weakens
EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in … [Continue reading]
Top Crypto Gainers: JasmyCoin rallies as Cosmos and Bittensor retreat
JasmyCoin (JASMY), Cosmos (ATOM), and Bittensor (TAO) are among the top-performing cryptocurrency assets in the last 24 hours. JasmyCoin leads the rally with double-digit gains, and bulls are targeting further gains, while Cosmos and Bittensor … [Continue reading]
Australia CPI likely to test RBA hawkishness
The Australian Bureau of Statistics (ABS) will publish the Consumer Price Index (CPI) data for November at 00:30 GMT on Wednesday.This is the second complete monthly CPI report, as the government continues to transition from the quarterly CPI to the … [Continue reading]
WTI US Oil slips as Venezuela’s political turmoil, API inventory report loom
West Texas Intermediate (WTI) US Oil trades around $57.50 at the time of writing on Tuesday, down 1.25% on the day. The WTI price remains under pressure as markets try to gauge the possible consequences of recent political events in Venezuela on … [Continue reading]
XRP poised for breakout as ETF inflows and bullish momentum align
Ripple (XRP) is showing strength, trading at $2.36 at the time of writing on Tuesday. The cross-border remittance token has maintained a steady uptrend for six consecutive days, underscoring steady inflows into XRP spot Exchange Traded Funds (ETFs).A … [Continue reading]
United Kingdom S&P Global Services PMI fell from previous 52.1 to 51.4 in December
Gold sticks to modest intraday gains through the early European session and currently trades around the $4,465 area, just below a one-week high touched this Tuesday. The US military strikes in Venezuela, heightened political tensions between Saudi … [Continue reading]
Gold advances to one-week top amid flight to safety, Fed rate cut bets
Gold (XAU/USD) attracts dip-buyers near the $4,428-4,427 region and climbs to a one-week high during the Asian session on Tuesday amid a combination of supporting factors. The US military strikes in Venezuela, heightened political tensions between … [Continue reading]
United Kingdom BRC Shop Price Index (YoY): 0.7% (December) vs 0.6%
GBP/USD keeps rallying in the American session on Monday, trading at around 1.3530. The US Dollar accelerated its slump following the release of the December ISM Manufacturing PMI. The index contracted to 47.9 from the 48.2 posted in November, … [Continue reading]
Ethereum Price Forecast: BitMine continues accumulation as ETH flips 50-day EMA
Ethereum price today: $3,220Ethereum treasury firm BitMine Immersion acquired 32,977 ETH last week, pushing its total holdings to 4.14 million ETH.The move follows a rebound in ETH ETFs, which posted net inflows of $174 million on their first trading … [Continue reading]