The Australian Dollar recovers some lost ground in Tuesday’s Asian session. The hawkish remarks of the RBA lift the Aussie, but the fear of geopolitical risks might cap its upside. Investors will keep an eye on the Fedspeak later on … [Continue reading]
Gold on the backfoot amid rising US yields, Middle East hostilities
Gold trades at $2,645, down 0.30%, as US 10-year Treasury yields rise to 4.026%, capping further upside. Middle East conflict escalation involving Israel, Hamas, and other groups like Houthis supports Gold amid risk-off sentiment. Market expectations … [Continue reading]
Dow Jones Industrial Average eases back on cautious Monday
The Dow Jones shed 250 points to kick off the new trading week. Equities are pulling back in the face of lower rate cut expectations. Middle East geopolitical tensions are driving risk appetite even lower. The Dow Jones Industrial Average (DJIA) … [Continue reading]
US Dollar has calm Monday with markets looking for Fed speakers
The US Dollar in calm regime on Monday, though still at elevated levels near last week’s high. Tensions in the Middle East keep lingering while traders gear up for the Fed Minutes and US CPI release later this week. The US Dollar Index … [Continue reading]
Pound Sterling faces pressure as Fed set to follow gradual policy-easing approach
The Pound Sterling struggles to gain ground near 1.3100 against the US Dollar as traders pare Fed large rate cut bets. US NFP report for September showed a sharp uptick in payrolls and wage growth. Growing Middle East tensions weigh heavily on … [Continue reading]
WTI trims a part of modest intraday losses, down a little around $73.75 region
WTI kicks off the new week on a weaker note amid some profit-taking, though it lacks follow-through. Middle East tensions, along with optimism over demand recovery, lend support to Crude Oil prices. Traders now look to Fedpseak for some impetus, … [Continue reading]
AUD/USD holds above 0.6800 despite stronger US Dollar, eyes on RBA Minutes
AUD/USD trades in positive territory around 0.6805 in Monday’s early Asian session. The US Nonfarm Payrolls came in stronger than expectations in September. Middle East geopolitical risks might weigh on the Aussie, but a hawkish RBA could … [Continue reading]
Aptos and EIGEN lead $200 million token unlocks next week amid massive failure in low float, high FDV launches
The crypto market will witness token unlocks worth $200 million next week. APT and EIGEN will see the highest unlock volume, adding $93 million and $34 million worth of new supply to circulation. There is a massive failure among tokens that … [Continue reading]
Bitcoin, S&P 500 and USD sees simultaneous uptick amid declining unemployment rate
The US Dollar index soared as September saw a decline in unemployment rate. Bitcoin and S&P 500 strengthen correlation with another simultaneous rise. Gold has performed better than Bitcoin on risk-adjusted returns. Bitcoin (BTC) reclaimed the … [Continue reading]
Ethereum sees revenue uptick in September amid rising inflation rate
Ethereum revenue in September was about 4x larger than Solana's after the Fed rate cut. Ethereum annual inflation rate has risen to a two-year high of 0.74%. Ethereum has reclaimed the $2,395 support level and could rally to $2,595 if it crosses … [Continue reading]