Gold trades flat near $3,369, on track for a weekly loss of nearly 1.90%.Trump backs off immediate Iran action, boosting risk sentiment and denting safe-haven demand.Fed officials split on rate outlook; Waller eyes July cut, Barkin stays … [Continue reading]
Banxico seen cutting rates to 8% despite sticky inflation – Reuters poll
21 of 26 economists forecast Banxico will cut rates from 8.50% to 8.00% next week.Deputy Governor Heath signals caution, favoring a pause to assess data.Majority see easing pace slowing, with rates likely at 7.50% by Q3 2025.Banco de México (Banxico) … [Continue reading]
GBP/JPY Price Forecast: Extends rally to 196.60, eyes on 197.00
GBP/JPY up 0.43%, on track for weekly gain over 0.40% amid resilient buyer momentum.Pair nears June 17 high at 196.83; close above 197.00 could open path to 198.00.RSI remains bullish; downside risks emerge below 195.29 Tenkan-sen support.The GBP/JPY … [Continue reading]
Dow Jones Industrial Average settles in late-week lull as key US data looms ahead
The Dow Jones treaded water on Friday following a late-week holiday closure.Major equity indexes are awaiting key US economic data next week.Fed rate cut expectations are creeping back to the forefront.The Dow Jones Industrial Average (DJIA) held … [Continue reading]
TRON flips Dogecoin in market cap following stablecoin bill progress
TRON's TRX has surpassed Dogecoin to become the eighth-largest cryptocurrency, with a market cap of $25.7 billion.The growth is likely boosted by progress in US stablecoin legislation, with TRON as the second-largest blockchain in terms of stablecoin … [Continue reading]
WTI Oil retreats as Middle East tensions ease, Trump holds back military move
WTI crude pulls back after topping $75.54 on Thursday, pressured by easing geopolitical risk.Geneva talks between Iran and EU diplomats signal diplomatic momentum, cooling Strait of Hormuz fears.Trump delays decision on direct US involvement, … [Continue reading]
Forecasting the upcoming week: Key US data, geopolitical headlines to dominate the markets
This week saw the return of the US Dollar’s (USD) safe-haven momentum in markets. Following a brief period where the Greenback performed similarly to a regular alpha-adjusted asset, thanks to some sharp readjustments to market expectations for … [Continue reading]
Solana-based Pump.fun token sale could benefit insiders and early investors, warns Web3 VC firm
Solana-based meme coin launchpad Pump.fun has reportedly delayed its token auction again, now expected in mid-July.The auction, estimated at $4 billion, has faced multiple delays since 2024.VC firm DWF Ventures shared a detailed analysis for retail … [Continue reading]
Indian Rupee edges higher as Oil retreats, Equities jump, USD/INR holds ground
INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar.Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist.Equity benchmarks Sensex and Nifty rally over 1% … [Continue reading]
Gold pulls back as Trump delays US involvement in Iran but Middle East tensions cap losses
Gold finds support from Trump’s Iran deadline, but US Dollar recovery limits gains.The US Dollar strengthens as markets balance safe-haven flows with evolving rate cut expectations.XAU/USD remains steady as Fed rate cuts are already priced in, but … [Continue reading]