Bitcoin, Ethereum, and Ripple extend their recovery after recent corrective moves. BTC is trading above $77,700 after finding support around major levels, and ETH is near the key resistance zone, where a breakout could trigger further rebounds. … [Continue reading]
Swiss Franc flattens against US Dollar as investors await US-Iran deal announcement
The Swiss Franc trades flat against the US Dollar (USD) around 0.7870 during the Asian trading session on Friday. The USD/CHF pair consolidates as investors await the confirmation of a prolonged peace deal between the United States (US) and Iran, … [Continue reading]
Hyperliquid hits new record high amid rising trading volumes and institutional demand
Hyperliquid’s native token HYPE surged to a fresh all-time high above $62 on Thursday, driven by strong institutional inflows and sustained momentum in decentralized perpetual futures volume.The exchange remains the clear leader in the perpetual … [Continue reading]
Dow Jones Industrial Average surges as a possible US-Iran deal lands within hours
For most of Thursday the Dow Jones Industrial Average looked heavy, sliding to a session low near 49,700 as firmer Oil and a stubborn rise in yields did the work a static Federal Reserve (Fed) would not. Then the headline hit. Iranian state media, … [Continue reading]
XRP consolidates as network activity improves
Ripple (XRP) remains calm, trading around $1.37 at the time of writing on Thursday. The current sideways action follows a subtle recovery from support at $1.35, and reflects broader optimism for a US-Iran peace deal.Iran is reportedly reviewing a … [Continue reading]
Brent: Market reacts to Iran headlines – ING
ING analysts Warren Patterson and Ewa Manthey say the Brent market remains highly sensitive to Iran-related news, with prices dropping sharply on renewed hopes of a US-Iran agreement and improved tanker flows through the Strait of Hormuz. Their base … [Continue reading]
EUR/USD Price Forecast: Consolidates above 1.1600 as Iran risks, hawkish Fed support USD
The EUR/USD pair struggles to capitalize on the previous day's bounce from the 1.1585-1.1580 region, or its lowest level since April 7, and seesaws between tepid gains/minor losses during the Asian session on Thursday. Spot prices, however, manage to … [Continue reading]
Japan Jibun Bank Services PMI declined to 50 in May from previous 51
Gold clings to its daily gains, navigating the $4,530 region per troy ounce in the latter part of Wednesday’s NA session. In the meantime, upside attempts remain limited as rising inflation concerns, expectations of a more hawkish Fed and escalating … [Continue reading]
Forex Today: US Dollar softens as Fed caution meets improving US-Iran optimism
Here is what you need to know for Thursday, May 21:The US Dollar Index (DXY) trades with a softer tone near the 99.10 region as improving market sentiment reduces safe-haven demand for the Greenback. The Federal Open Market Committee (FOMC) Meeting … [Continue reading]
XRP climbs amid steady ETF inflows and derivatives demand
Ripple (XRP) rises above $1.37 at the time of writing on Wednesday, after testing a short-term support at $1.35. The rebound follows a rejection XRP suffered at $1.50 in mid-May, triggered largely by macroeconomic uncertainty surrounding rising … [Continue reading]