The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty … [Continue reading]
AUD/USD holds above 0.6700, all eyes on Fed rate decision
AUD/USD trades with mild gains around 0.6705 in Monday’s early Asian session. The two-day FOMC meeting ends Wednesday with an expected rate cut. The Chinese Retail Sales and Industrial Production came in worse than expected. … [Continue reading]
European crypto fund founder calls Tether $118 billion scam
Cyber Capital founder critiques Tether, calls the stablecoin a $118 billion scam bigger than FTX and Bernie Madoff. The executive gives an insight into the governance of Tether and notes the disclosures following recent investment in … [Continue reading]
XRP re-listing on Robinhood could fuel double-digit price rally, push XRP to $0.66
Robinhood, commission-less exchange platform re-lists XRP, per official website. Users cannot trade XRP Ledger’s native token on the exchange yet, XRP is back above $0.59 on Sunday. XRP eyes nearly 12% gains, targets July 2024 peak of … [Continue reading]
Ethereum back in spotlight as crypto traders show interest in Ether
Crypto options market shows a sudden revival of interest in Ether. Over 20,000 contracts were bought targeting the $3,000 level by December 27,2024. Ether hovers around $2,400 on Saturday, down nearly 1% on the day. Ethereum has … [Continue reading]
FTX’s Samuel Bankman-Fried appeals to overturn fraud conviction, filing says he was presumed guilty
FTX’s Samuel Bankman-Fried’s lawyers argue that the executive never got a fair trial and was presumed guilty before being charged. An appeal was filed Friday, requesting that the case be tried under a new judge. Lawyers argue that the bankrupt … [Continue reading]
Bitcoin rally to $65,000 likely if BTC crosses these hurdles
Bitcoin Spot ETF inflow hit its highest level in over 50 days with $263 million positive net flow on Friday, September 13. Bitcoin dominance makes news highs almost everyday, climbs past 57% on Saturday. BTC fear and greed index flashes … [Continue reading]
China Retail Sales (YoY) below expectations (2.5%) in August: Actual (2.1%)
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]
China Industrial Production (YoY) below forecasts (4.8%) in August: Actual (4.5%)
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]
China Fixed Asset Investment (YTD) (YoY) registered at 3.4%, below expectations (3.5%) in August
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]