The Japanese Yen continues to be weighed down by diminishing odds for a BoJ rate hike in 2025.Strong CPI prints from Japan and the upbeat PMIs do little to provide any respite to the JPY bulls.A modest US Dollar uptick also contributes to the USD/JPY … [Continue reading]
GBP/USD extends downside to near 1.3400 as US enters Israel-Iran war
GBP/USD trades in negative territory for the second consecutive day near 1.3405 in Monday’s Asian session. The US Dollar gains traction after the US attacked Iran over the weekend. Retail Sales fell by 2.7% MoM in May, weighing on the … [Continue reading]
Analysts slap over 90% chance of approval on altcoin ETFs including XRP and Litecoin following SEC’s engagement
Bloomberg analysts James Seyffart and Eric Balchunas raised the odds of approval on several altcoin ETF filings above 90%.The boost in odds follows a positive shift in the SEC's tone concerning crypto ETFs in recent weeks.The analysts increased their … [Continue reading]
Ethereum Price Forecast: ETH drops briefly toward $2,400 as Middle East war tension lingers
Ethereum price today: $2,420Ethereum recorded a slight selling pressure, with 72,000 ETH exchange inflows on Friday, marking four consecutive days of net inflows totaling 285,000 ETH.Despite prices being subdued by Middle East war tensions in the … [Continue reading]
EUR/USD jumps as Trump holds fire on Iran, Waller fuels cut bets
EUR/USD up 0.36%, set to end week flat after Trump delays military action against Iran.Waller’s call for a July cut contrasts with Fed report and Barkin’s cautious stance.EU–US trade deal in jeopardy as July 9 deadline nears, capping upside … [Continue reading]
Gold drops as Trump pulls back from Iran strike as hostilities continue
Gold trades flat near $3,369, on track for a weekly loss of nearly 1.90%.Trump backs off immediate Iran action, boosting risk sentiment and denting safe-haven demand.Fed officials split on rate outlook; Waller eyes July cut, Barkin stays … [Continue reading]
Banxico seen cutting rates to 8% despite sticky inflation – Reuters poll
21 of 26 economists forecast Banxico will cut rates from 8.50% to 8.00% next week.Deputy Governor Heath signals caution, favoring a pause to assess data.Majority see easing pace slowing, with rates likely at 7.50% by Q3 2025.Banco de México (Banxico) … [Continue reading]
GBP/JPY Price Forecast: Extends rally to 196.60, eyes on 197.00
GBP/JPY up 0.43%, on track for weekly gain over 0.40% amid resilient buyer momentum.Pair nears June 17 high at 196.83; close above 197.00 could open path to 198.00.RSI remains bullish; downside risks emerge below 195.29 Tenkan-sen support.The GBP/JPY … [Continue reading]
Dow Jones Industrial Average settles in late-week lull as key US data looms ahead
The Dow Jones treaded water on Friday following a late-week holiday closure.Major equity indexes are awaiting key US economic data next week.Fed rate cut expectations are creeping back to the forefront.The Dow Jones Industrial Average (DJIA) held … [Continue reading]
TRON flips Dogecoin in market cap following stablecoin bill progress
TRON's TRX has surpassed Dogecoin to become the eighth-largest cryptocurrency, with a market cap of $25.7 billion.The growth is likely boosted by progress in US stablecoin legislation, with TRON as the second-largest blockchain in terms of stablecoin … [Continue reading]