Gold remains on the back foot through the Asian session; and currently trades around the $4,470 region, just above its lowest level since March 30, touched earlier this Wednesday amid a bullish US Dollar. Investors remain skeptical about a … [Continue reading]
Pi Network Price Forecast: PI signals rebound chances amid new mainnet upgrade
Pi Network (PI) extends losses in a downward spiral below $0.1500 at press time on Wednesday, overlooking the major mainnet nodes upgrade to protocol version 23. Technically, PI shows a rebound possibility from the previous day’s low at $0.1463 as … [Continue reading]
Silver Price Forecast: XAG/USD steadies near $74.00; ascending channel breakdown in play
Silver (XAG/USD) attracts fresh sellers following a modest Asian session uptick to the $75.00 neighborhood and retreats to the lower end of the daily range in the last hour. The white metal currently trades around the $74.00 mark, close to a nearly … [Continue reading]
United States API Weekly Crude Oil Stock registered at -9.1M, below expectations (-3.4M) in May 15
The selling pressure on Gold is now decelerating, allowing the yellow metal to reclaim the key $4,500 mark per troy ounce on Tuesday. In the meantime, the precious metal’s decline comes amid further gains in the US Dollar, which reflect rising bets … [Continue reading]
XRP under pressure as network growth slows, ETF inflows fade
Ripple (XRP) is trading above $1.37, struggling to find a solid footing at the time of writing on Tuesday amid a broad crypto market drawdown. The persistent decline marks the fifth consecutive day of sellers tightening their grip, leaving XRP … [Continue reading]
Canada New Housing Price Index (MoM) below expectations (0%) in April: Actual (-0.4%)
Gold maintains its offered tone through the early European session, and remains well within striking distance of the lowest level since March 30, set the previous day. Despite renewed hopes for a potential US-Iran peace deal, investors remain … [Continue reading]
Why the Pound is starting to trade like an emerging-market currency
The Bank of England (BoE) is being priced to hike around 70 basis points before year-end. The 10-year gilt is near 5.2%, its highest since the 2008 financial crisis. The 30-year sits at levels last seen in 1998. None of it is helping the Pound. The … [Continue reading]
XRP and XLM outlook: Bears in control of the momentum
Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as bearish momentum continues to dominate after correcting nearly 5% and 12%, respectively, in the previous week. XRP and XLM both trade beneath all major Exponential Moving Averages … [Continue reading]
Pound Sterling rides the gilt rout while Westminster wobbles
Cable bottomed at the 1.33 handle in Asian trade and ground higher through London and New York to close back above the 1.34 handle, a session range of roughly 150 pips and a textbook reclaim of the 200-day exponential moving average on the daily … [Continue reading]
Strategy scoops $2B in Bitcoin as Iran launches BTC-backed shipping insurance
Strategy announced that it acquired 24,869 Bitcoin (BTC) for approximately $2.01 billion last week, marking one of its largest purchases in recent weeks.Strategy funds $2 billion Bitcoin purchase through ATM stock offeringsStrategy's latest … [Continue reading]