Fed Chair Powell will speak on the US economic outlook on Tuesday.Markets see a strong probability of two more Fed rate cuts in 2025.Federal Reserve (Fed) Chairman Jerome Powell will deliver a speech on the economic outlook at the Greater Providence … [Continue reading]
Pi Network Price Forecast: PI eyes extended crash as crypto market dips
Pi Network hit a record low on Monday, aligning with the community meetup in South Korea.CEXs' wallet reserves decline by nearly 8 million PI, indicating increased demand at lower prices. The technical outlook holds a bearish bias, hinting at … [Continue reading]
Australian Dollar remains subdued as Composite PMI falls in September
Australian Dollar remains subdued after the release of the Purchasing Managers’ Index figures on Tuesday.Australia’s S&P Global Composite PMI dropped to 52.1 in September from 55.5 previously, its lowest level in three months.The US Dollar holds … [Continue reading]
USD/JPY loses ground below 148.00 as traders digest Fed speeches
USD/JPY softens to around 147.75 in Tuesday’s early Asian session.Fed’s Miran called for cutting the main interest rate to avert job loss. Political uncertainty in Japan could undermine the Japanese Yen. The USD/JPY pair loses ground to … [Continue reading]
AVAX to join crypto treasury league with AgriFORCE’s $550 million offering
AgriFORCE wants to rebrand as AVAX One and raise $550 million.The company plans to hold $700 million worth of AVAX in the long term, making it the first publicly traded Avalanche treasury.AVAX bounced off the 20-day SMA following a sharp decline on … [Continue reading]
Fed’s Musalem: Economy is near full employment
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At the same time, he cautioned that with inflation still running above the Fed’s 2% goal, … [Continue reading]
Pound Sterling rebounds while UK fiscal worries continue to persist
The Pound Sterling gains marginally against its peers at the start of the week.30-year UK Gilt yields soared to near 5.56% amid ballooning UK fiscal debt.Investors await preliminary UK-US PMI data for September due on Tuesday.The Pound Sterling (GBP) … [Continue reading]
GBP/JPY sticks to intraday recovery gains above mid-199.00s amid notable JPY weakness
GBP/JPY rebounds from a two-week low touched during the Asian session on Monday.The BoJ rate hike uncertainty weighs on the JPY and offers some support to spot prices.UK fiscal concerns and the divergent BoJ-BoE policy outlooks warrant caution for … [Continue reading]
Gold Price Forecast: XAU/USD posts modest gain above $3,650 on potential Fed monetary policy easing
Gold price trades with mild gains around $3,685 in Monday’s early Asian session. Signals of monetary policy easing from the Fed and rising geopolitical risks support the Gold price.Traders brace for the Fedspeak later on Monday for fresh … [Continue reading]
Grayscale debuts multi-asset crypto ETF following regulatory green light
Grayscale's GDLC began trading on Friday, offering exposure to the five top cryptocurrencies by market cap.Bitcoin accounts for 72% of the total fund, followed by Ethereum, which holds a 17% weight.The launch follows the SEC's approval of generic … [Continue reading]