GBP/USD tested its highest bids in ten weeks on Monday.The US Dollar fell across the board as investors gear up for a key Fed rate call this week.The BoE is also due for its own interest rate decision, but no rate moves are expected.GBP/USD caught … [Continue reading]
Dow Jones Industrial Average holds steady as investors brace for Fed
The Dow Jones remained largely unchanged on Monday following a rebalancing late last week.Equity markets are broadly gearing up for the wait to this week’s Fed rate call.An interest rate cut is priced in as a sure thing, with investors already … [Continue reading]
EUR/USD extends gains as Fed cut bets weigh on US Dollar
The Euro extends its advance against the US Dollar, with EUR/USD holding firm above 1.1750.Markets are fully pricing in a 25 bps Fed rate cut on Wednesday, with Powell’s guidance and updated projections set to drive the next move.The New York Empire … [Continue reading]
Bitcoin Price Forecast: BTC faces rejection despite the highest weekly ETF inflows since mid-July
Bitcoin price faces resistance near $116,000 on Monday, having recovered nearly 4% last week.US-listed spot Bitcoin ETFs record $2.34 billion in weekly inflows, the highest since mid-July.Institutional demand rises as firms like Capital B and … [Continue reading]
EUR/GBP falls below 0.8650 on fears over France’s political crisis
EUR/GBP loses traction to around 0.8645 in Monday’s early European session. Political uncertainty in France could undermine the Euro. Economists widely anticipate the BoE to hold the key rate at 4.0% on Thursday. The EUR/GBP cross … [Continue reading]
China’s NBS: Economic operation generally steady in August, facing many uncertainties
Following the publication of the high-impact China’s Gross Domestic Product (GDP) and activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.Key … [Continue reading]
Gemini’s IPO raises $425 million, closes with 14% gain in Nasdaq debut
Gemini's IPO surpassed expectations, raising $425 million at $28 per share.The firm's stock began trading on the Nasdaq with a valuation of $4.4 billion following its IPO.GEMI closed the day with a 14% rise, moving above $33 in after hours … [Continue reading]
USD/CHF Price Forecast: Sellers dominate as pair consolidates below key SMAs
USD/CHF up 0.12% but trades below 20- and 50-day SMA confluence at 0.8019/23, keeping sellers in control.RSI bearish but flat, suggesting near-term consolidation unless breakout above 0.8000 or drop below 0.7900 occurs.Upside targets include 0.8025 … [Continue reading]
WisdomTree launches tokenized private credits on Ethereum and Stellar
WisdomTree announced the launch of its tokenized private credit fund.The fund aims to track the price and yield performance of the Gapstow Private Credit and Alternative Income Index.At launch, the fund will be tokenized on the Ethereum and Stellar … [Continue reading]
Ethereum Price Forecast: ETH breaks $4,500 following steady accumulation and declining selling pressure
Ethereum price today: $4,650Ethereum investors have accumulated over 1.7 million ETH in the past few weeks, around the $4,300-$4,400 range, amid a contraction in selling pressure.Despite experiencing one of its strongest cycles, ETH has to clear the … [Continue reading]