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]
Token unlock pushes XRP lower as holders come to grips with SEC appeal
Ripple has unlocked 1 billion XRP tokens on October 1, amidst major unlocks across the crypto market. Solana and Arbitrum have a combined unlock of over $100 million worth of tokens in October. XRP holds steady above support at $0.5200, … [Continue reading]
XRP recovery less likely amidst 1 billion token unlock and SEC appeal in Ripple lawsuit
Ripple has unlocked 1 billion XRP tokens on October 1, amidst major unlocks across the crypto market. Solana and Arbitrum have a combined unlock of over $100 million worth of tokens in October. XRP holds steady above support at $0.5200, … [Continue reading]
US Dollar climbs for fifth straight day after bumper NFP jobs report
The US Dollar climbed after a bumper NFP print on Friday. US jobs additions soared in September, with upside revisions to previous months. Market hopes for a follow-up outsized rate cut in November were shattered by jobs growth. The US Dollar (USD) … [Continue reading]
Aussie Dollar slips on robust US data, eyes on next week’s US inflation
AUD/USD falls following robust US Nonfarm Payrolls data, reducing the likelihood of aggressive Fed rate cuts. Fed Chair Powell signals slower pace of easing, with markets now pricing in a 25 bps cut for November. Australian data shows mixed results … [Continue reading]
USD/JPY Price Forecast: Skyrockets and climbs above 148.00
USD/JPY rallies over 1% after US Nonfarm Payrolls added 254K jobs, lifting US Treasury yields. Bulls target a decisive break above 149.39 and 150.00, with next resistance at the 200-DMA of 151.06. Support lies at 148.00, followed by the Senkou Span B … [Continue reading]
Dow Jones Industrial Average climbs in NFP-fueled risk appetite recovery
The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average (DJIA) … [Continue reading]
Canadian Dollar extends losses after bumper NFP print
The Canadian Dollar (CAD) eased lower after better-than-expected US NFP numbers. Canada saw an upswing in Ivey PMIs, but was passed over by market watchers. A firm jump in US NFP jobs additions toppled rate cut hopes to wrap up the trading week. The … [Continue reading]
Coinbase set to delist non-compliant stablecoins by December in line with European laws, USDT could be at risk
Coinbase announced that it would delist stablecoins that are not compliant with MiCA laws, per Bloomberg report. The European Union intends to enact stricter laws to tighten its grip around the digital asset industry. Coinbase will begin delisting … [Continue reading]
United States Baker Hughes US Oil Rig Count came in at 479, below expectations (484)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]