Donald Trump will continue rocking markets in his second week in office. January ends with a blast, featuring decisions from major central banks. US GDP and Core PCE will provide data points for investors to chew on. The gift that keeps on giving – … [Continue reading]
Markets increase USD net longs – Rabobank
US Dollar (USD) net long positions have increased for the fifth consecutive week, driven by a decrease in short positions, Rabobank's FX analysts jane Foley and Molly Schwartz note. Market is pricing in a no-change Fed decision"USD net short … [Continue reading]
USD/INR climbs amid risk-off mood, Trump tariff worries
The Indian Rupee loses traction during Monday’s early European session. The stronger USD, foreign outflows and the concerns about the Indian economic slowdown weigh on the INR. The Fed rate decision will take center stage on … [Continue reading]
China’s January NBS Manufacturing PMI contracts to 49.1, Non-Manufacturing PMI dips to 50.2
China’s Manufacturing Purchasing Managers' Index (PMI) contracted to 49.1 in January from 50.1 in December, the official data released by the National Bureau of Statistics (NBS) showed on Monday. The reading came in below the market forecast of 50.1 … [Continue reading]
Ethereum co-founder Vitalik Buterin labels political meme coins as perfect bribery vehicle
Vitalik Buterin shared his views on the rise in political meme coins and its effects on the crypto industry. He stated that these tokens act as a risk to democracy. Buterin warns politicians to abstain from these types of tokens. Ethereum … [Continue reading]
XRP poised for 15% decline following Ripple’s April 16 cross-appeal brief request
Ripple filed a request stating it wishes to submit a cross-appeal brief in its case with the SEC on April 16. The crypto community anticipates that the new SEC will withdraw the case against Ripple considering its recent pro-crypto moves. XRP could … [Continue reading]
Ripple (XRP) News: DNA Scientist claims XRP could reach $1,000 if Trump makes this $34 Trillion move
XRP price perched above the $3.15 mark on Friday, up 13% since Trump’s inauguration. Prominent Researcher, Dr Horace Drew has speculated that President Trump could mitigate the $34 trillion federal debt by choosing XRP over Bitcoin for the US … [Continue reading]
Ethereum Price Forecast: ETH bounces back after week-long bearish pressure
Ethereum price today: $3,330 Ethereum exchange reserve has risen by over 434,000 ETH in the past nine days following increased negative sentiment. ETH's futures open interest remained fairly stable, indicating the market sentiment didn't move … [Continue reading]
Bitcoin eyes return above $109,000, unpacking the effect of Donald Trump’s first week on crypto
Bitcoin crosses $107,000 on Friday, eyes return to all-time high above $109,000. US President Trump made pro-crypto appointments, launched a Solana token and ordered a crypto working group to draft regulations. Reuters report reveals despite … [Continue reading]
Dow Jones Industrial Average trims gains on Friday but still green for the week
The Dow Jones eased somwhat on Friday, testing into 44,300. Despite a quiet end to the week, equities are poised for strong bullish closes. US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) … [Continue reading]