Ethereum price today: $2,640 Ethereum suffered a major pullback at $2,850 following Bybit's hack involving $1.44 billion worth of stolen ETH. Bybit CEO said the exchange has already secured bridge loans to match increased withdrawals following … [Continue reading]
Australian Dollar faces pressure after US PMI
Aussie stalls near 0.6400 despite earlier gains. Post-PMI sentiment dims risk appetite and benefits the USD. RBA’s measured stance limits deeper easing bets and might limit the downside. The AUD/USD pair faces offers pressure near 0.6400 after the … [Continue reading]
United States CFTC Oil NC Net Positions down to 197.6K from previous 220K
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than … [Continue reading]
US Dollar gains modestly despite PMI data disappointing
The US Dollar Index holds above 106.50 following weak US PMI data. US service sector contracts unexpectedly in February, weighing on sentiment. Consumer sentiment drops, while inflation expectations rise, adding pressure to USD. The US Dollar Index … [Continue reading]
AUD/USD faces pressure around 0.6400 ahead of flash US PMI
AUD/USD faces offers near 0.6400 ahead of the preliminary US S&P Global PMI data for February. Investors see Trump’s tariff agenda as less fearful than anticipations. RBA’s Bullock support for maintaining a cautious interest rate cut stance. The … [Continue reading]
EUR: Major German parties pledge to keep the far right out of any coalition – ING
The euro has benefited from the unwinding of US Dollar (USD) longs, but remains generally unattractive in the crosses, ING’s FX analysts Francesco Pesole notes. EUR/USD to trade with a downside bias "The big event for the euro is obviously Sunday’s … [Continue reading]
USD/INR recovers on mixed Indian PMI data
The Indian Rupee weakens in Friday’s early European session. HSBC India Manufacturing PMI eased to 57.1 in February vs. 57.7 prior; Services PMI improved during the same reported period. Foreign outflows and the renewed Greenback demand … [Continue reading]
Japan Jibun Bank Manufacturing PMI below expectations (49) in February: Actual (48.9)
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than … [Continue reading]
Bittensor Price Analysis: TAO volumes surge 350% on Coinbase listing and Elon Musk’s bid for OpenAI
Bittensor price reached a 20-day high of $469 on Thursday, driven by multiple bullish catalysts. Recent TAO rallies have coincided with Coinbase’s listing announcement and Elon Musk’s bid to acquire OpenAI. TAO trading volumes increased by 350% since … [Continue reading]
GBP/USD rises above 1.2600 on weak US jobs data
GBP/USD climbs as soft US jobless claims data weakens Greenback. UK inflation above 3% reduces odds of aggressive BoE rate cuts. Traders eye Fed speakers and potential US-China trade deal signals. The Pound Sterling climbs against the Greenback and … [Continue reading]