Gold price remains close to all-time peak as rising trade tensions underpin safe-haven demand. Bets that the Fed will cut rates several times in 2025 lend additional support to the XAU/USD. The USD hangs near a multi-month low and further … [Continue reading]
ECB’s Villeroy: Euro should take on a more important role internationally
European Central Bank Governing Council member and Governor of the Banque de France, Francois Villeroy de Galhau, said over the weekend that the Euro should take on a more important role internationally. Key quotes The Euro should take … [Continue reading]
SEC pumps breaks on altcoin ETFs, institutional interest remains
The US SEC postponed its decisions on several spot altcoin ETF applications this week, including those for Litecoin, XRP and Solana. A K33 Research report shows there is consensus but the agency is waiting the confirmation of Trump’s nominee … [Continue reading]
Will Ripple (XRP) reach a $200 billion valuation if SEC approves altcoin ETFs in 2025?
XRP price rebounded above $2.42 on Friday, posting a 28% recovery from the weekly timeframe low of $1.90. Analysts predict an XRP ETF could attract $5 billion in inflows, mirroring Bitcoin’s ETF impact and fueling a rally. XRP must break $2.99 … [Continue reading]
Solana gains 9% after garnering historic number of on-chain votes in failed SIMD-228 proposal
Solana reclaimed the $130 price level after 74% of staked SOL was used in participating in its recent on-chain vote. The rise in Solana's price follows the rejection of the SIMD-228 proposal. The proposal aims to switch SOL's issuance from a fixed … [Continue reading]
Ethereum Price Forecast: DeFi sector could be at huge risk if ETH declines to $1,000
Ethereum price today: $1,920 Ethereum could trigger massive liquidations and dampen investors' interest in DeFi if its price falls to $1,000, noted a key expert. The top altcoin's underperformance comes at a time when DeFi is facing backlash due to … [Continue reading]
Mexican Peso rises, poised for weekly gains ahead of Fed meeting
Mexican Peso advances as USD/MXN plunges below 19.90, down over 1%. The Peso shrugs off Mexico’s weak industrial output and declining consumer confidence fueling recession concerns. US consumer sentiment plunges amid rising inflation expectations, … [Continue reading]
Gold price pulls back after historic surge past $3,000 on Trump trade woes
Gold briefly hits unprecedented high at $3,004 per ounce before settling lower at $2,982 amid US Dollar volatility. Geopolitical tensions rise as Russia-Ukraine ceasefire falters; China's central bank extends bullion buying streak, boosts Gold. US … [Continue reading]
Dow Jones Industrial Average trims recent losses, but still has a steep hill to climb
The Dow Jones recovered around 520 points on Friday. Despite the last-minute pullback, the Dow remains down 1,400 points for the week. Equities shrugged off one of the worst consumer sentiment prints in years. The Dow Jones Industrial Average (DJIA) … [Continue reading]
Mark Carney becomes new Canadian Prime Minister, vows to meet Trump at the table
Newly-minted Canadian Prime Minister Mark Carney took over the reigns of Canada from now-former Prime Minister Justin Trudeau on Friday morning. The fresh Canadian leader wasted no time in declaring his intent to meet United States (US) President … [Continue reading]