Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Dollar roars after December Jobs Report smashes it out of the park
The US Dollar rallies and sees Euro (EUR) print fresh 13-month low against the Greenback at 1.0215. Inflation concerns are emerging again after the strong Employment Report and push back Fed's rate cut planning. The US Dollar Index (DXY) … [Continue reading]
BoJ is said to still be mulling the rate decision for January – Bloomberg
Citing people familiar with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the Japanese central bank is still considering the interest rate decision for its January monetary policy review. Additional takeaways Officials still … [Continue reading]
Japanese Yen seems vulnerable to slide further against USD; US NFP report in focus
The Japanese Yen continues to be weighed down by doubts over the timing of the next BoJ rate hike. The recent widening of the US-Japan yield differential further undermined the lower-yielding JPY. The USD holds steady near a two-year peak and also … [Continue reading]
Ripple’s XRP plunges over 4% following funding rates decline
XRP funding rates’ decline suggests rising caution among investors as the crypto market correction extends. Spot traders have managed to soak up the selling pressure with net outflows across Binance, OKX, Kraken and Bybit. XRP could decline to find … [Continue reading]
AUD/USD Price Analysis: Slumps amid strong USD and weak Australian data
The AUD/USD declined by 0.34% on Thursday, slumping near 0.6170 as the US Dollar gained strength on a persistent inflation outlook in the United States. Investors are eyeing the US Nonfarm Payrolls (NFP) data for December for guidance on the Federal … [Continue reading]
EUR/USD Price Analysis: Extended losing streak tests bullish recovery
EUR/USD slips, settling near 1.0305 and marking three consecutive days of losses. RSI remains flat at 40 in negative territory, suggesting momentum has stalled. The EUR/USD pair continued its downtrend on Thursday, edging 0.18% lower to trade … [Continue reading]
Bitcoin Price Forecast: BTC falls below $94,000 as over $568 million outflows from ETFs
Bitcoin price today: $93,500 Bitcoin continues to edge down and trades below the $94,000 level on Thursday after falling more than 5% this week. Bitcoin US spot ETFs recorded an outflow of over $568 million on Wednesday. CryptoQuant data shows that … [Continue reading]
Gold price sticks to modest intraday losses amid bullish USD; downside seems limited
Gold price snaps a two-day winning to a multi-week top amid the Fed’s hawkish stance. Retreating US bond yields undermine the USD and lend some support to the XAU/USD pair. Traders look to Fed speakers for some impetus ahead of the US NFP … [Continue reading]
Ripple’s XRP eyes recovery following executives’ dinner with Donald Trump
XRP has slightly recovered from the recent market decline, which sparked over $670 million in realized profits. Ripple President hints that an XRP ETF could be the next crypto to debut on Wall Street after Bitcoin and Ethereum. XRP's next move may be … [Continue reading]