The AUD/USD declined by 0.55% to 0.6165 on Friday, hanging near multi-year troughs as a hawkish Federal Reserve and elevated US bond yields after a strong US Nonfarm Payrolls (NFP) from December supported the US Dollar. Bearish sentiment around the … [Continue reading]
Dow Jones Industrial Average backslides after NFP beat sours rate cut hopes
The Dow Jones tumbled 700 points on Friday after NFP figures surged in December. Market bets for Fed rate cuts sank, rate traders now expect a single rate cut this year. Consumer sentiment and inflation expectations also rose, further hitting risk … [Continue reading]
Binance, Uniswap, Bitget traders see $14.8B market cap rise as exchange tokens rebound
BNB, UNI and BGB prices recorded over 3% gains as crypto markets rebounded on Friday Exchange native tokens market cap grew by $14.8 billion in the last 24 hours. Historical trends indicate that increased demand for exchange tokens signals the … [Continue reading]
Solana Price Forecast: SOL network update signals more downside risks
Solana price stabilized above the $180 mark on Friday, capping weekly losses at 15.7%. Solana’s recent proposal to implement a lattice-based hashing system has sparked mixed community reactions. Tristan Frizza, founder of Zeta Markets, told FXStreet … [Continue reading]
Three reasons why Bitcoin might correct while XRP, Ethereum rally next week
Ethereum experts predict relatively high implied volatility and optimism ahead of the upcoming technical upgrade. Bitcoin miners are currently profitable but a deeper pullback in Q1 2025 is likely, according to Bitfinex analysts. Ripple’s … [Continue reading]
United States Baker Hughes US Oil Rig Count: 480 vs previous 482
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]
US Dollar roars after December Jobs Report smashes it out of the park
The US Dollar rallies and sees Euro (EUR) print fresh 13-month low against the Greenback at 1.0215. Inflation concerns are emerging again after the strong Employment Report and push back Fed's rate cut planning. The US Dollar Index (DXY) … [Continue reading]
BoJ is said to still be mulling the rate decision for January – Bloomberg
Citing people familiar with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the Japanese central bank is still considering the interest rate decision for its January monetary policy review. Additional takeaways Officials still … [Continue reading]
Japanese Yen seems vulnerable to slide further against USD; US NFP report in focus
The Japanese Yen continues to be weighed down by doubts over the timing of the next BoJ rate hike. The recent widening of the US-Japan yield differential further undermined the lower-yielding JPY. The USD holds steady near a two-year peak and also … [Continue reading]
Ripple’s XRP plunges over 4% following funding rates decline
XRP funding rates’ decline suggests rising caution among investors as the crypto market correction extends. Spot traders have managed to soak up the selling pressure with net outflows across Binance, OKX, Kraken and Bybit. XRP could decline to find … [Continue reading]