The US Dollar jumps after the prelimenary December PMI data got released. Traders are back favoring the Greenback with the Services PMI beating the previous number. The US Dollar Index (DXY) moves back above 107.00 and heads to 107.35. … [Continue reading]
EUR/USD gives up gains as ECB officials support further policy easing
EUR/USD surrenders intraday gains as ECB officials support further interest rate cuts. The ECB is expected to cut interest rates further by 100 bps next year. Investors will keenly focus on the Fed’s dot plot for fresh interest rate projections … [Continue reading]
USD/INR strengthens after Indian WPI inflation data
The Indian Rupee edges lower in Monday’s early European session. The Indian WPI inflation eased to 1.89% in November from 2.36% in October, softer than the 2.2% expected. Elevated USD bids, weaker in Asian peers and a dovish tilt in RBI’s … [Continue reading]
NZD/USD holds positive ground above 0.5750 after mixed Chinese data
NZD/USD gains ground to around 0.5775 in Monday’s Asian session, adding 0.30% on the day. China’s November Industrial Production climbed 5.4%, Retail Sales rose 3.0%. A possible hawkish rate cut by the Fed could underpin the Greenback. … [Continue reading]
Ripple week in review: Can XRP’s recent pullback prove a slingshot effect
XRP weekly active addresses dropped by over 180K after its recent price correction. XRP investors continue record profit-taking for the second consecutive week with nearly $2.2 billion in realized profits. Funding rates reset could spur a fresh XRP … [Continue reading]
BiT Global slams Coinbase with $1 billion lawsuit over delisting of WBTC
BiT Global filed a lawsuit against crypto exchange Coinbase over its suspension of the WBTC token. BiT Global has requested $1 billion in damages over losses the delisting could cause. Coinbase's European arm announced that it would delist USDT and … [Continue reading]
Crypto Today: XRP, BNB advance as Blackrock records 16-day Ethereum buying spree
The cryptocurrency sector valuation grazed the $3.6 trillion mark on Thursday, recording $252 billion worth of inflows since the market crash halted on Tuesday. In the last 24 hours, 85,893 traders were liquidated with the total liquidations … [Continue reading]
Solana Price Prediction: SOL market share dips $3B as Trump propels Ethereum rally
Solana price fell 4% in 48 hours to hit $225 on Friday, decoupling from the broader altcoin market resurgence. The $3 billion SOL market cap decline coincided with Trump-backed WLFI’s latest crypto acquisitions, drawing investor attention … [Continue reading]
Cardano down as it’s set to experience another wave of token unlock alongside other cryptocurrencies
The crypto market is set to witness cliff unlocks totaling $257 million next week. ARB and ID are the major highlights for next week, with a combined $139 million unlock volume. Cardano will add $41 million to its circulating supply between Monday … [Continue reading]
NZD/USD Price Analysis: Pair edges lower to 0.5760 as selling pressure mounts
NZD/USD declines on Friday, settling around 0.5760 after trimming earlier gains near 0.5850. Pair remains capped by the 20-day SMA, with upside attempts thwarted by persistent selling pressure. RSI hovers near oversold territory at 34, while MACD … [Continue reading]