The long wait is over, and the Bureau of Labor Statistics in the US will release nonfarm payrolls reports for both November and October at 1330 GMT on Tuesday. The overall NFP figure for October is expected to be -10k, however, it is … [Continue reading]
Nonfarm Payrolls expected to highlight US labor market weakened in November
The United States (US) Bureau of Labor Statistics (BLS) will release the delayed Nonfarm Payrolls (NFP) data for October and November on Tuesday at 13:30 GMT. Volatility around the US Dollar (USD) will likely ramp up on the employment reports … [Continue reading]
Gold Price Forecast: XAU/USD holds gains above $4,300 on prospect of further Fed rate cuts
Gold price (XAU/USD) extends its upside to around $4,305, the highest since October 21, during the early Asian trading hours on Tuesday. The precious metal edges higher on further US Federal Reserve (Fed) cut bets. The US Nonfarm Payrolls (NFP) … [Continue reading]
FX Today: Hasset leaves the spotlight, weaker USD
What to look out for on Tuesday, December 16th:The US Dollar Index (DXY) declined sharply following the Fed's policy announcements last Wednesday and closed a third consecutive week in negative territory. Late Monday, the USD Index trimmed part of … [Continue reading]
Mantle Price Forecast: MNT eyes 30% recovery after Ethereum staking software upgrade
Mantle (MNT) is trading above a short-term support at $1.28 at the time of writing on Monday, as the broader cryptocurrency market stabilizes in the wake of last week’s monetary policy-triggered volatility. If bulls tighten their grip further, MNT … [Continue reading]
Bitcoin Price Forecast: BTC struggles to regain $90K as bearish pressure persists
Bitcoin (BTC) steadies above $89,000 at the time of writing on Monday, after failing to break above a descending trendline last week. Meanwhile, modest inflows into US-listed spot Bitcoin Exchange Traded Funds (ETFs) suggest improving institutional … [Continue reading]
Bittensor price forecast: TAO faces bearish pressure ahead of halving event
Bittensor (TAO) edges higher by over 2% at press time on Monday, recovering from a 5% loss on Sunday. Bittensor’s recovery is underpinned by its halving event scheduled for Monday, which would reduce daily supply emissions by 50% to 3,600 TAO tokens. … [Continue reading]
China Retail Sales (YoY) registered at 1.3%, below expectations (2.9%) in November
The EUR/USD pair kicks off the new week on a softer note, though it remains within striking distance of the highest level since early October, touched last Thursday. Spot prices currently trade around the 1.1730 region, down less than 0.10% for … [Continue reading]
Key Hyperunit whale expands Ethereum position amid weak prices
A major crypto whale has opened a long position in Ethereum (ETH) worth more than half a billion dollars on the Hyperliquid exchange.According to Arkham Intelligence data, the entity, popularly known as the $10 billion Hyperunit whale, pulled $110 … [Continue reading]
Ripple, Circle and others receive conditional approval for US banking charter
The US Office of the Comptroller of the Currency (OCC) announced on Friday that it has conditionally approved national bank trust charters for several digital asset firms.Ripple and Circle received the approval for their respective entities, Ripple … [Continue reading]