Ripple traders shed their holdings at nearly $40 million loss in the crypto market crash on Monday. XRP noted a decline in address activity as traders lost interest after mass sell-off. XRP sustained above $0.50 on August 7, nearly a 10% … [Continue reading]
US Dollar Price Forecast: USD extends recovery while markes continue betting on a dovish Fed
Despite market concerns, the US economy continues to grow above trend. The market anticipates 100 bps of Fed easing by year's end. Wednesday won’t have any economic highlights, market sentiment to dictate the pace. The US Dollar, measured by the DXY … [Continue reading]
EUR/CHF not to trend higher medium-term – Rabobank
The overnight fall in the value of the JPY briefly left the CHF as the best performing G10 currency over the past five sessions this morning. In our view, this is not an accolade that the SNB will have welcomed, Rabobank’s senior FX strategist Jane … [Continue reading]
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data. Silver trades at $26.97 per troy ounce, broadly unchanged 0.05% from the $26.99 it cost on Tuesday. Silver prices have increased by 13.35% since the beginning of the … [Continue reading]
EUR/USD extends its decline near 1.0900 on the recovery of US Dollar
EUR/USD trades in negative territory for the second consecutive day around 1.0915 in Wednesday’s Asian session. Traders expect a deeper Fed rate cut in September this year. The disappointing Eurozone June Retail Sales report exerts some … [Continue reading]
NZD/USD gathers strength above 0.5950 after better-than-expected New Zealand employment data
NZD/USD gains momentum around 0.5980 in Wednesday’s early Asian session, gaining 0.54% on the day. New Zealand’s Unemployment Rate ticked higher to the highest since March 2021, rising to 4.6% in Q2 vs. 4.3 prior. Fed’s Daly expects … [Continue reading]
Ethereum crash saw ETF and crypto-native investors buying the dip heavily
Ethereum ETF investors show strength, forcing net inflows despite the bearish turbulence. Ethereum exchange netflows witnessed an exodus of 152.4K ETH, suggesting investors bought the dip heavily after massive sell-off. Ethereum may have … [Continue reading]
NEAR protocol eyes for a rally based on positive on-chain data
Integrating BTSE DEX with Orderly-Chain highlights NEAR Protocol's expanding utility and adoption in the decentralized finance (DeFi) sector. On-chain data shows that NEAR's Total Swap Volume on Ethereum and BSC chains has surpassed $400 million. … [Continue reading]
Pound Sterling slumps to near 1.2700 on global risk-aversion
The Pound Sterling falls against the US Dollar to near 1.2700 amid weak appeal for risk-sensitive currencies. Investors worry that the US economy could enter a recession. The British currency will be guided by market speculation for BoE rate cuts. … [Continue reading]
FX option expiries for Aug 6 NY cut
FX option expiries for Aug 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.0700 800m 1.0815 1.7b 1.0820 459m 1.0830 900m 1.0885 628m 1.0895 499m 1.0935 786m - GBP/USD: … [Continue reading]