The Ether Machine announced that it has secured a 150,000 ETH investment worth about $654 million.The announcement follows SharpLink Gaming's statement that it purchased 39,008 ETH last week.ETH has declined below a key ascending trendline support … [Continue reading]
USD/JPY steadies above 148.00 as mixed US PMI data shifts focus to NFP
USD/JPY steadies above 148.00, easing slightly after hitting fresh one-month highs.ISM PMI showed manufacturing contraction persists, while S&P Global signaled the strongest improvement in two years.BoJ Deputy Governor Himino signaled gradual … [Continue reading]
Gold retreats from record $3,508 as US Dollar and yields rebound
Gold retreats after a record peak at $3,508 as the US Dollar and Treasury yields rebound.Safe-haven demand underpins downside as investors hedge against trade policy uncertainty, Fed independence concerns, and geopolitical tensions.Technical outlook … [Continue reading]
Gold surrenders intraday gains to record high as sharp USD bounce prompts profit-taking
Gold retreats from the all-time peak after struggling to find acceptance above the $3,500 psychological mark.A solid USD recovery turns out to be a key factor that prompts profit-taking around the safe-haven commodity.Traders now look forward to the … [Continue reading]
Silver Price Forecast: XAG/USD reaches 14-year highs above $40.50 amid safe-haven demand
Silver price marked $40.85, the highest since September 2011, on Tuesday.US July Personal Consumption Expenditures Price Index pointed to sustained inflationary pressures, adding to uncertainty around potential Fed rate cuts.Silver receives support … [Continue reading]
GBP/USD rises as risk appetite floats higher heading into tense week
GBP/USD climbed 0.3% on Monday, bolstered by a general uptick in market sentiment.Markets are tilted into the risk-on side ahead of a packed data docket.This week will culminate in key US NFP jobs data.GBP/USD found room on the high end on Monday, … [Continue reading]
Silver Price Forecast: XAG/USD consolidates above $40.50 after breakout to 14-year highs
Silver extends rally to fresh 14-year highs, breaking above the key $40.00 level last seen in September 2011.Fed rate cut bets, weak US Dollar, and safe-haven demand continue to fuel bullish momentumTechnical breakout confirmed above the July peak of … [Continue reading]
Gold extends rally as weaker USD and Fed rate-cut bets boost demand
Gold's rally continues, with the metal advancing for a fifth consecutive session, pressing toward the all-time high zone.A broadly weaker US Dollar, with the US Dollar Index (DXY) hovering near a one-month low, and September Fed cut expectations are … [Continue reading]
CAD: Growth figures provide a look in the rear-view mirror – Commerzbank
In Canada, the effects of Donald Trump's trade war were clearly evident in the second quarter, with the economy contracting by 1.6% quarter-on-quarter (annualised). This was well below the expectations of analysts surveyed by Bloomberg, despite the … [Continue reading]
Cardano founder intensifies rivalry with Ethereum amid ADA’s bearish streak
Charles Hoskinson promotes Cardano over Ethereum in a surprise AMA session on Sunday. Cardano’s ADA token extends the downtrend for the fourth consecutive day, risking a drop below $0.80. The on-chain data reflects Ethereum’s superiority … [Continue reading]