The NZD/USD pair has been trading choppily within a range between 0.6120 and 0.6200 in the last sessions. The RSI is in positive territory with a rising slope, suggesting that buying pressure is increasing. On Monday, the NZD/USD pair rose by … [Continue reading]
Dow Jones Industrial Average tests fresh record high as Fed rate call looms
The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into … [Continue reading]
Pound Sterling rallies to 1.3200 ahead of Fed-BoE policy outcome
The Pound Sterling surges to near 1.3200 against the US Dollar amid upbeat market sentiment. Investors expect the BoE to leave interest rates unchanged at 5% on Thursday. Traders remain divided over the size of the Fed’s likely interest-rate cut. … [Continue reading]
Turkey Budget Balance declined to -129.6B in August from previous -96.78B
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Australian Dollar rises as US Dollar remains subdued amid lower Treasury yields
The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty … [Continue reading]
AUD/USD holds above 0.6700, all eyes on Fed rate decision
AUD/USD trades with mild gains around 0.6705 in Monday’s early Asian session. The two-day FOMC meeting ends Wednesday with an expected rate cut. The Chinese Retail Sales and Industrial Production came in worse than expected. … [Continue reading]
European crypto fund founder calls Tether $118 billion scam
Cyber Capital founder critiques Tether, calls the stablecoin a $118 billion scam bigger than FTX and Bernie Madoff. The executive gives an insight into the governance of Tether and notes the disclosures following recent investment in … [Continue reading]
XRP re-listing on Robinhood could fuel double-digit price rally, push XRP to $0.66
Robinhood, commission-less exchange platform re-lists XRP, per official website. Users cannot trade XRP Ledger’s native token on the exchange yet, XRP is back above $0.59 on Sunday. XRP eyes nearly 12% gains, targets July 2024 peak of … [Continue reading]
Ethereum back in spotlight as crypto traders show interest in Ether
Crypto options market shows a sudden revival of interest in Ether. Over 20,000 contracts were bought targeting the $3,000 level by December 27,2024. Ether hovers around $2,400 on Saturday, down nearly 1% on the day. Ethereum has … [Continue reading]
FTX’s Samuel Bankman-Fried appeals to overturn fraud conviction, filing says he was presumed guilty
FTX’s Samuel Bankman-Fried’s lawyers argue that the executive never got a fair trial and was presumed guilty before being charged. An appeal was filed Friday, requesting that the case be tried under a new judge. Lawyers argue that the bankrupt … [Continue reading]