Ethereum is poised to replicate its performance where its price doubled Bitcoin's within a few months, says Steno Research analyst. The report noted that the Fed's rate cut will boost on-chain activity and fuel ETH's rise. Ethereum bulls could … [Continue reading]
Mexican Peso’s agony continues on dampened risk appetite, strong US Dollar
Mexican Peso continues to weaken, recording losses for three consecutive days amid increasing risk aversion. Fed Governor Waller supports the recent 50 bps rate cut, pointing to easing inflation and hinting at further cuts if labor conditions … [Continue reading]
GBP/USD Price Forecast: Gains modestly after hitting record high above 1.3300
GBP/USD hits resistance at 1.3340 and forms a potential ‘shooting star’ candlestick, signaling possible further losses. Key support lies at 1.3250, with additional levels at 1.3239, 1.3200, and the July 14 peak at 1.3142. On the upside, GBP/USD must … [Continue reading]
USD/JPY rallies to near 144.00 as BoJ delivers diplomatic policy guidance
USD/JPY surges above 144.00 as BoJ refrains from committing pre-defined rate hikes in this year. Japan’s National CPI rose to 3% in August. Traders see the Fed cutting interest rates further by 75 bps to 4.00%-4.25%. The USD/JPY delivers a sharp … [Continue reading]
BoJ’s Ueda: Will keep adjusting degree of easing if our economic, price outlooks are to be realized
Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will keep adjusting the degree of easing if our economic and price outlooks are to be realized.” The BoJ left … [Continue reading]
Bitcoin is showing rising correlation with the S&P 500
Bitcoin and the S&P 500 have exhibited similar price patterns in the past few months. The rising correlation could be due to institutional players entering the crypto market and Fed's recent rate cut. Bitcoin has outperformed over 250 altcoins in … [Continue reading]
Ethereum spikes over 6% following decision to split Pectra upgrade into two phases
Ethereum developers have agreed to split Pectra upgrade into two phases. Phase one of the Pectra upgrade will go live in early 2025 and feature a proposal to improve the wallet experience. Ethereum could continue to rally if open interest stays on an … [Continue reading]
XRP rally likely as Grayscale XRP Trust NAV climbs to $11.49
XRP trades at $0.5879, climbs closer to the psychologically important $0.60 level. Ripple prepares for launch of its stablecoin even as SEC head maintains harsh stance on crypto regulation. Grayscale XRP Trust NAV climbs to $11.49, … [Continue reading]
Canada Employment Insurance Beneficiaries Change (MoM) increased to 2.2% in July from previous 1.3%
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]
Eurozone Current Account n.s.a down to €48B in July from previous €52.4B
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]