The Euro extends its advance against the US Dollar, with EUR/USD holding firm above 1.1750.Markets are fully pricing in a 25 bps Fed rate cut on Wednesday, with Powell’s guidance and updated projections set to drive the next move.The New York Empire … [Continue reading]
Bitcoin Price Forecast: BTC faces rejection despite the highest weekly ETF inflows since mid-July
Bitcoin price faces resistance near $116,000 on Monday, having recovered nearly 4% last week.US-listed spot Bitcoin ETFs record $2.34 billion in weekly inflows, the highest since mid-July.Institutional demand rises as firms like Capital B and … [Continue reading]
EUR/GBP falls below 0.8650 on fears over France’s political crisis
EUR/GBP loses traction to around 0.8645 in Monday’s early European session. Political uncertainty in France could undermine the Euro. Economists widely anticipate the BoE to hold the key rate at 4.0% on Thursday. The EUR/GBP cross … [Continue reading]
China’s NBS: Economic operation generally steady in August, facing many uncertainties
Following the publication of the high-impact China’s Gross Domestic Product (GDP) and activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Monday.Key … [Continue reading]
Gemini’s IPO raises $425 million, closes with 14% gain in Nasdaq debut
Gemini's IPO surpassed expectations, raising $425 million at $28 per share.The firm's stock began trading on the Nasdaq with a valuation of $4.4 billion following its IPO.GEMI closed the day with a 14% rise, moving above $33 in after hours … [Continue reading]
USD/CHF Price Forecast: Sellers dominate as pair consolidates below key SMAs
USD/CHF up 0.12% but trades below 20- and 50-day SMA confluence at 0.8019/23, keeping sellers in control.RSI bearish but flat, suggesting near-term consolidation unless breakout above 0.8000 or drop below 0.7900 occurs.Upside targets include 0.8025 … [Continue reading]
WisdomTree launches tokenized private credits on Ethereum and Stellar
WisdomTree announced the launch of its tokenized private credit fund.The fund aims to track the price and yield performance of the Gapstow Private Credit and Alternative Income Index.At launch, the fund will be tokenized on the Ethereum and Stellar … [Continue reading]
Ethereum Price Forecast: ETH breaks $4,500 following steady accumulation and declining selling pressure
Ethereum price today: $4,650Ethereum investors have accumulated over 1.7 million ETH in the past few weeks, around the $4,300-$4,400 range, amid a contraction in selling pressure.Despite experiencing one of its strongest cycles, ETH has to clear the … [Continue reading]
EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns
EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut.Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC.ECB holds rates with a data-dependent stance as US policy … [Continue reading]
Dow Jones Industrial Average trims 200 points as markets ease on Friday
The Dow Jones recoiled on Friday after tapping record highs this week.Consumer sentiment indicators showed a steeper-than-expected decline.Next week’s upcoming Fed rate call will also include an SEP update.The Dow Jones Industrial Average (DJIA) … [Continue reading]