Pavel Durov spoke against the French government's action in a post to his community. Durov claimed that he had been very open to the French authorities and was surprised at their action. TON rose nearly 4% in the past 24 hours. Telegram CEO Pavel … [Continue reading]
Dow Jones Industrial Average fumbles on Thursday but recovers some footing
The Dow Jones backslid 400 points on Thursday as economic concerns persist. Investors are growing increasingly worried about a recession as hiring slows. Friday’s NFP jobs data dump looms over the horizon as investors begin to stress. The Dow Jones … [Continue reading]
United States 4-Week Bill Auction dipped from previous 5.17% to 5.08%
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]
ECB Watch: To cut or not to not cut – Nordea
The ECB is almost certain to cut rates by 25bp next week. While the central bank is set to refrain from any firm guidance on future steps, we think staff forecasts showing inflation at target in the medium-term support a quarterly pace of rate cuts, … [Continue reading]
USD/INR trades with mild gains as traders await US ISM Services PMI data
Indian Rupee weakens in Thursday’s early European session, pressured by a sell-off in Indian equities. RBI’s intervention and lower crude oil prices might cap the INR’s downside. Investors await the US ISM Services PMI, which is due later … [Continue reading]
Gold price consolidates below $2,500 as traders await more US labor market data
Gold price continues to draw support from bets for a 50 bps Fed rate cut in September. Falling US bond yields and softer USD also act as a tailwind for the non-yielding metal. Bulls, however, seem reluctant and await the release of the US NFP … [Continue reading]
Ethereum’s underperformance could be reason for weak ETH ETF demand
Ethereum ETFs' high outflows signify low institutional interest amid declining ETH CME trading volume. Ethereum underperforms in terms of risk-adjusted returns compared to Nvidia, Bitcoin, Meta, Gold, NASDAQ-100 and others. ETH could follow a key … [Continue reading]
Gold Price Forecast: XAU/USD battles to regain the $2,500 mark
XAU/USD Current price: $2,496.69 Weaker-than-anticipated United States employment data boosted the mood. The US Treasury yield curve turned flat, signalling decreased recession fears. XAU/USD bounced from a fresh weekly low, bears still have a … [Continue reading]
EUR/GBP Price Analysis: Sell-off pauses and consolidates
EUR/GBP has slowed its decline and is consolidating after forming a temporary bottom. The trend remains bearish, however, there are signs the bear trend may be exhausted and about to reverse. EUR/GBP has paused its sell-off within a … [Continue reading]
Gold extends losses despite global market sell-off
Gold continues slowly falling despite risk sentiment turning negative following weak US manufacturing data. Overcrowded long positioning could be the reason the commodity is not rising as expected. Technically, Gold has broken below the … [Continue reading]