United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects 'rare earth metals' in exchange for obtaining a ceasefire with Russia. … [Continue reading]
ISM Manufacturing PMI forecasts mild uptick in US industrial activity in January
The US ISM Manufacturing PMI is seen improving modestly in January. Markets will also look at the ISM Prices index and the Employment index. EUR/USD remains under pressure around the 1.0400 zone. Excitement is building as the … [Continue reading]
EUR: A clean negative – ING
The growing prospect of a global trade war and tariffs heading towards the EU is a clean euro negative, ING’s FX analysts Chris Turner notes.There is now an upside gap to 1.0350“Those important two-year EUR:USD rate differentials have widened around … [Continue reading]
EUR/USD Price Analysis: Falls toward 1.0200 near 27-month lows
EUR/USD struggles as it is confined within a descending channel pattern. The 14-day RSI drops near the 30 level, indicating persistent selling pressure on the pair. The primary support appears at 1.0177, a 27-month low reached on January 14. The … [Continue reading]
Gold Price Forecast: XAU/USD drifts lower below $2,800 after Trump imposes tariffs
Gold price loses momentum to around $2,795 in Monday’s early Asian session. Trump delivers on the promise of 25% levies on Canada and Mexico, a 10% duty on China. Fed rate-cutting cycle and safe-haven flows might help limit the Gold price’s … [Continue reading]
Ripple’s XRP stirs tension as Canadian firm seeks to beat US issuers to launch spot XRP ETF
XRP ETF could debut in Canada as Purpose Investments submitted a prospectus with Canadian regulators, proposing to launch a spot XRP ETF. Purpose Investments aims to be the first firm to launch an XRP ETF while its US counterparts await … [Continue reading]
Purpose Investments seeks XRP ETF approval ahead of US counterparts
XRP ETF could debut in Canada as Purpose Investments submitted a prospectus with Canadian regulators, proposing to launch a spot XRP ETF. Purpose Investments aims to be the first firm to launch an XRP ETF while its US counterparts await … [Continue reading]
SUI, Aptos, Arbitrum set to hit crypto market with $3.9 billion token unlocks in February
Tokenomist data revealed that the crypto market will witness token unlocks worth $3.9 billion in February. SUI leads the table of highest unlock value for the month with over $320 million supply injection. Aptos and Arbitrum, among several … [Continue reading]
Toncoin Price Forecast: TON long-term holders spotted taking profits at $5
Toncoin price bounced just 2% on Friday, as bulls long for a breakout above $5. TON’s subdued gains despite rising market volumes in the last 3-days signals heavy sell-side pressurg nullifying the upward momentum. TON Age Consumed rose to a 5-month … [Continue reading]
Solana Price Forecast: SOL short traders set to lose $220M if this happens
Solana price has dipped below the $230 mark on Friday, as bullish tailwinds from LTC ETF advances tapered off. In the derivatives market SOL traders have mounted $217 million short positions around the $265 price levels. Dominant bear … [Continue reading]