The debate on whether the FOMC should cut by 25 or 50bps could well become clearer by the end of the week when the non-farm payrolls data report for August arrives. There are plenty of economic indicators that point to a weakening labour market and … [Continue reading]
AUD/USD: Double-top bearish reversal underway – OCBC
The Australian Dollar (AUD) fell on growth concerns in China (weaker NBS PMI seen over the weekend), softer iron ore prices while USD broadly rebounded, OCBC’s FX analyst Christopher Wong notes. AUD may suffer a corrective pullback in the near term … [Continue reading]
Australia RBA Commodity Index SDR (YoY) down to -5.2% in August from previous -3%
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’s Caixin Manufacturing PMI jumps to 50.4 in August vs. 50.0 expected
China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.4 in August after recording 49.8 in July, the latest data showed on Monday. The market forecast was for a 50.0 figure in the reported month. Key highlights (via Caixin) … [Continue reading]
Ripple update: 1 billion XRP transfer, SEC could payback $125 million to Ripple if appeal fails
Ripple unlocked 1 billion XRP from its escrow account on September 1, raising concerns among XRP holders. Pro-crypto attorney Fred Rispoli asked securities lawyers whether. SEC would pay $125 million and statutory interest to Ripple if appeal … [Continue reading]
What to expect from Bitcoin in September, historically a red month for BTC
Bitcoin traders took $4.251 billion in profits in August 2024, contributing to the selling pressure on BTC. Bitcoin whale transactions valued at $100,000 and higher hit their lowest point in nearly four years. BTC remains undervalued on … [Continue reading]
Ethereum founder Vitalik Buterin says never sold Ether for profit, ETH slips under $2,400
Vitalik Buterin says he has held Ethereum since 2018 and sold Ether only to support charity and projects he finds valuable. Buterin and the Ethereum Foundation were criticized for their on-chain ETH transfers last week. Ethereum slipped … [Continue reading]
Crypto millionaires double in 2024, cross 172,000 amidst meme coin and AI hype
ETF expert Nate Geraci shares statistics on the number of crypto millionaires in recent tweet on X. Crypto millionaires doubled in 2024, hitting 172,300 per data from Barron’s. Bitcoin millionaires have more than doubled this year per Crypto … [Continue reading]
Solana hovers around $140 as Solana Breakpoint 2024 nears in September
Solana Breakpoint, a conference that brings the SOL community together to discuss the latest developments in Web3 is lined up for September. The 2024 event will take place in Singapore, between September 20 and 21. Solana trades at … [Continue reading]
Ripple CTO slams SEC for saying NFTs are securities, says US regulator is contradicting itself
Ripple executive Stuart Alderoty criticized the Securities & Exchange Commission for Wells Notice sent to NFT platform OpenSea. Alderoty shared a 1976 letter where the regulator ruled that art galleries don’t need to register with the … [Continue reading]