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]
FLOKI down following partnership with Premier League club Nottingham Forest
FLOKI announced its official partnership with Premier League football club Nottingham Forest for the 2024/2025 season. FLOKI is down 1.5% following the announcement. According to IntoTheBlock's data, DOGE, FLOKI and MOG are among the meme coins … [Continue reading]
Crypto Today: SEC approves MicroStrategy leveraged ETF, Bitcoin, Ether, XRP dip
SEC greenlights Defiance Daily Target 1.75X Long MicroStrategy ETF, which seeks daily leveraged investment returns of 1.75 times the daily percentage change of the stock. Bitcoin, Ethereum and XRP trade under key levels post outflows to Spot BTC … [Continue reading]
Bitcoin price looks poised for decline as daily active addresses fall
Arkham Intelligence data shows that a wallet associated with the US government transferred 10,000 BTC, worth $593.5 million, to Coinbase Prime on Wednesday. Bitcoin Spot ETFs recorded a mild outflow of $81.40 million on Wednesday. On-chain data … [Continue reading]
EUR/GBP trades with mild losses below 0.8600 as UK economy expands 0.6% QoQ in Q2
EUR/GBP edges lower to around 0.8565 in Thursday’s early European session. UK preliminary GDP expanded 0.6% QoQ in Q2 vs. 0.6% expected. The ECB is anticipated to cut more through the end of next year. The EUR/GBP cross weakens near 0.8565 on … [Continue reading]
USD/CAD rebounds above 1.3700 on lower crude oil prices, traders await US Retail Sales data
USD/CAD extends recovery 1.3715 in Thursday’s Asian session. The US CPI inflation dropped to 2.9% YoY in July from 3% in June, softer than expected. Lower crude oil prices weigh on the commodity-linked Canadian Dollar. The USD/CAD pair … [Continue reading]
Ethereum could stage a rally in coming weeks following low CPI data and increasing ETF inflows
Ethereum ETFs record second consecutive day of inflows amid in-line CPI data. Jump Trading moves over $46 million worth of ETH in what may be another dump. Key trendline holds strong after rejecting Ethereum's upward move. Ethereum (ETH) is down … [Continue reading]
AUD/USD Price Forecast: First resistance emerges around 0.6650
AUD/USD came under renewed downside pressure near 0.6650. Weaker commodity prices hurt the Aussie Dollar on Wednesday. Next on tap Down Under will be the jobs report on Thursday. AUD/USD’s upward trend appears to have struggled around the 0.6650 … [Continue reading]
New Zealand: RBNZ brings forward easing cycle – UOB Group
The Reserve Bank of New Zealand (RBNZ) decided to reduce the official cash rate (OCR) by 25 bps to 5.25%, embarking on an easing cycle much sooner than expected, almost a year ahead of the RBNZ’s own projections, UOB Group RBNZ to continue steadily … [Continue reading]
Forex Today: Pound Sterling edges lower on soft UK inflation, focus shifts to US CPI
Here is what you need to know on Wednesday, August 14: Pound Sterling stays under modest bearish pressure in the European morning as investors assess the July inflation report. In the second half of the day, the Consumer Price Index (CPI) data from … [Continue reading]