USD/JPY hovers near 144.20 as traders await the Bank of Japan’s rate verdict on Tuesday.Policy divergence from the US Federal Reserve underpins the US Dollar's strength against the Yen.Any hawkish surprise from the BoJ could cap USD/JPY upside and … [Continue reading]
United States NY Empire State Manufacturing Index came in at -16 below forecasts (-5.5) in June
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]
Pound Sterling wobbles against US Dollar at the start of Fed-BoE monetary policy week
The Pound Sterling is broadly sideways around 1.3580 against the US Dollar ahead of Fed-BoE monetary policy announcements this week.Investors expect both central banks to hold interest rates steady.Investors remain on their toes as tensions between … [Continue reading]
Australian Dollar declines due to risk aversion as Middle-East tensions rise
The Australian Dollar declines due to risk aversion amid escalating tensions between Israel and Iran.China’s Retail Sales climbed 6.4% YoY in May, against the market expectations of 5.0% rise.The Iranian Revolutionary Guard fired multiple missiles … [Continue reading]
United Kingdom Rightmove House Price Index (YoY) dipped from previous 1.2% to 0.8% in June
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]
Circle jumps 25%, defies crypto and stock market plunge amid Middle East war tensions
Circle recorded a 25% gain on Friday, following reports of Amazon and Walmart exploring stablecoin offerings.Anticipation of the final Senate vote on the GENIUS stablecoin regulation bill next week has also contributed to CRCL's price growth.CRCL's … [Continue reading]
ADA declines amid Charles Hoskinson’s proposal to convert $100 million from Cardano treasury into stablecoins
Cardano founder Charles Hoskinson suggested converting $100 million worth of ADA into stablecoins and Bitcoin.The capital reallocation strategy aims to boost Cardano's DeFi ecosystem.ADA declined by over 4% in the past 24 hours and is now eyeing … [Continue reading]
USD/CHF Price Forecast: Posts weekly loss, despite Friday rebound to 0.8100
USD/CHF closes Friday up 0.04%, but logs 1.37% weekly drop to 1-month low at 0.8054.Bearish structure persists: lower highs/lows and weak RSI signal continued downside momentum.Key support lies at 0.8054 and 0.8038; breach may expose psychological … [Continue reading]
Oil Price Forecast: WTI rallies to $74 before settling above $72
WTI Oil surges above $72 as Israel-Iran tensions trigger a breakout.Gains for June are near 20%, pushing prices above key Fibonacci levels from longer-term moves.The 12-month moving average provides additional support below $70.WTI crude oil is … [Continue reading]
Canadian Dollar continues to ride Greenback weakness to new highs
The Canadian Dollar found more gains off the back of US Dollar selling pressure.A lack of meaningful Canadian economic data means Loonie gains are at the mercy of market flows.Middle East geopolitical tensions are back on the rise, keeping risk … [Continue reading]