USD/CAD trades firmer around 1.3525 in Tuesday’s early Asian session. Fed’s Powell said the central bank will lower interest rates “over time.” The Canadian economy expanded by 0.2% MoM in July, faster than expected; advance estimate indicated … [Continue reading]
Dow Jones Industrial Average eases lower on soft Monday
The Dow Jones huddled close to 42,000 to kick off the new week. Investors are awaiting key US labor data due on Friday. Despite quiet Monday, the Dow Jones is coming off a winning month. The Dow Jones Industrial Average (DJIA) was hamstrung at … [Continue reading]
Bitcoin corrects lower after facing resistance barrier
Bitcoin tumbles below $64,000, erasing most of the prior week’s gains. Coinbase’s weekly report anticipates a constructive Q4 for Bitcoin due to US interest-rate cuts and China’s supporting economic policy. Historically, October has been strong … [Continue reading]
EUR/USD: Likely to trade between 1.1130 and 1.1195 – UOB Group
The Euro (EUR) is expected to trade in a range, likely between 1.1130 and 1.1195. In the longer run, EUR has likely entered a range trading phase, probably between 1.1060 and 1.1215, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. Has to … [Continue reading]
Japanese Yen pauses recent rally due to dovish comments from upcoming PM Ishiba
The Japanese Yen weakened as upcoming PM Shigeru Ishiba said that the monetary policy should continue to be accommodative. Japan's Retail Trade rose by 2.8% YoY in August, surpassing the expected 2.3% rise. August’s US Core PCE Price Index MoM has … [Continue reading]
PBoC moves to cut mortgage rates by end-October
The People's Bank of China (PBOC) said on Sunday that it would tell banks to lower mortgage rates for existing home loans before October 31 in its latest attempt to shore up the troubled property sector as the economy slows, per … [Continue reading]
This Web3 investor is not optimistic about the cycle, worries about altcoins and their drawdown
Web3 investor Jason Kam, founder of Folius Ventures shares his thoughts on the ongoing cycle, state of altcoins and investments. In a Spaces talk on X, Kam spoke to Asian Journalist Colin Wu and said he is not optimistic about the cycle. … [Continue reading]
XRP eyes over 5% gains, could break above July 2024 high amidst positive developments
Ripple pushes forward in its stablecoin project, RUSD testing on XRP Ledger and Ethereum continues. Pro-crypto attorney shares thoughts on an SEC appeal on the lawsuit ruling, whether it is likely and what to expect. XRP targets over 5% … [Continue reading]
Ethereum based crypto mixer Tornado Cash founder to face trial on alleged money laundering
Tornado Cash co-founder Roman Storm is set to face trial on money laundering charges as a US federal judge denies motion to dismiss the lawsuit. The US Department of Justice brought charges against the founder of the Ethereum based crypto … [Continue reading]
Grayscale watches these six assets for gains in Q4 2024, predicts significant risk event for crypto
Grayscale adds SUI, TAO, OP, HNT, CELO, and UMA to its updated list of the top 20 cryptocurrencies for Q4. The assets in the top 20 have high price volatility and are considered high risk by the asset management giant. The US election … [Continue reading]