The US Dollar saw a general easing throughout most of the week as investors remained hopeful that everything would work out okay. A renewed uptick in trade war rhetoric from US President Donald Trump at the tail end of the trading week knocked … [Continue reading]
XRP bears tighten grip as risk-off sentiment spreads
Ripple (XRP) is on the back foot on Friday, marking two days of consecutive declines as prices across the cryptocurrency market wobble. Its technical picture leans bearishly, reflecting the negative sentiment in the market. Although Bitcoin hit … [Continue reading]
Morgan Stanley opens door to Bitcoin, Ethereum investments for clients
Morgan Stanley plans to allow all its clients to begin gaining exposure to cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), expanding its shift towards digital asset investments.Morgan Stanley eyes crypto exposure for clientsMorgan Stanley is … [Continue reading]
Gold surges near $4,000 as US–China trade tensions ignite haven demand
Gold price rises during the North American session on Friday amid an escalation of the trade war between the US and China. This, the US government shutdown and expectation for further easing by the Federal Reserve (Fed) keep the yellow metal bid. … [Continue reading]
WTI Crude Oil collapses below $60 after Trump reignites US-China trade war fears
West Texas Intermediate (WTI) US Crude Oil prices collapsed below $60.00 per barrel on Friday, tumbling over 4% in Oil’s worst single-day performance since June’s sharp pullback. Hopes for a cooling of tariffs between the US and China were swept off … [Continue reading]
Australian Dollar slumps to one-month low amid renewed US-China trade tensions
The Australian Dollar (AUD) slumps against the US Dollar (USD) on Friday, with AUD/USD plunging to over one-month lows after US President Donald Trump threatened a “massive increase” in tariffs on Chinese imports, reigniting fears of a renewed trade … [Continue reading]
Fed’s Musalem: A balanced approach to monetary policy only works if inflation expectations are anchored
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about the United States (US) economy and monetary policy at a fireside chat before the Springfield Area Chamber of Commerce and Public policy speakers, stating that inflation is … [Continue reading]
Ethereum Price Forecast: ETH taps $4,100 after Kerrisdale Capital shorts BitMine
Ethereum price today: $4,100Kerrisdale Capital stated that it has shorted Ethereum treasury firm BitMine, citing declining premiums on its ETH-per-share.The firm blasted the crypto treasury model, claiming the strategy "no longer works."ETH risks a … [Continue reading]
Breaking: UoM Consumer Sentiment Index edges lower to 55 in October vs 54.2 forecast
Consumer confidence in the United States (US) deteriorated slightly in early October, with the University of Michigan's Consumer Sentiment Index edging lower to 55 in its preliminary estimate from 55.1 in September. This print came in better than the … [Continue reading]
Silver rallies to fresh record highs – Commerzbank
Spot Silver rose for a second consecutive session to fresh record highs yesterday, amid soaring safe-haven asset demand and intensified supply shortages in the London bullion market, ING's commodity experts Ewa Manthey and Warren Patterson … [Continue reading]