Ripple (XRP) edges lower while trading around $1.13 at the time of writing on Tuesday. The remittance token upholds a broader bearish bias, attributed to softening retail interest and the lack of strong catalysts to prevent rallies from being sold as … [Continue reading]
Euro languishes at one-year lows against the British Pound despite positive German data
The Euro (EUR) has failed to draw support from the upbeat German industrial figures released earlier on Tuesday and consolidates losses at one-year lows against the British Pound (GBP). The EUR/GBP pair trades at 0.8540, its lowest price since July … [Continue reading]
Iran strikes commercial ships in the Strait of Hormuz
Bloomberg carried a story by an Axios reporter late Wednesday, citing a US official, that Iran fired at least two missiles at commercial ships transiting through the Strait of Hormuz. Two commercial ships were hit and suffered … [Continue reading]
Singapore Dollar: Range trade persists against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD has seen downward momentum slow after last week’s sharp drop, with the pair expected to stay between 1.2900 and 1.2935 intraday. On a 1–3 week horizon, UOB maintains a neutral stance, … [Continue reading]
Gold consolidates below $4,200 as traders reassess Fed interest rate outlook
Gold (XAU/USD) consolidates losses on Monday as a firmer US Dollar (USD) and mild profit-taking cap gains following last week's rebound from a more than seven-month low of $3,941. At the time of writing, XAU/USD trades around $4,150 after briefly … [Continue reading]
Crypto Today: Bitcoin, Ethereum, XRP pull back amid persistent ETF outflows
The cryptocurrency market is experiencing widespread weakness on Monday, with Bitcoin (BTC) sliding under the $63,000 mark amid ongoing risk aversion. Major altcoins, including Ethereum (ETH) and Ripple (XRP), are following suit, trending lower … [Continue reading]
Switzerland Unemployment Rate s.a (MoM) registered at 3.1% above expectations (3%) in June
Gold shows some resilience below the $4,150 level, and for now seems to have stalled its intraday retracement slide from a two-week high, levels just above the $4,200 mark, touched earlier this Monday. The commodity, however, retains its negative … [Continue reading]
Canadian Dollar weakens despite higher oil prices
USD/CAD gains ground for the second consecutive day, trading around 1.4210 during the Asian hours on Monday. The upside of the pair could be restrained as the commodity-linked Canadian Dollar (CAD) could receive support from higher oil prices.Oil … [Continue reading]
Bitcoin rebounds above $62K amid weak US jobs data, uncertainty among options traders
Bitcoin (BTC) rebounded after weaker-than-expected US labor market data eased expectations for tighter monetary policy.In a report on Friday, crypto asset manager CoinShares stated that the recovery does not yet signal the start of a sustained … [Continue reading]
Ethereum Price Forecast: ETH weakness in June likely from intense retail sell-off and US de-risking
Ethereum price today: $1,750Retail investors distributed 510K ETH in June, extending a risk-off sentiment that began since the October 10 crash.The supply of staked ETH climbed to a record high of 40.5 million ETH after investors staked 763K ETH in … [Continue reading]