Lawmakers in twenty US states have introduced bills proposing the establishment of Bitcoin reserves. VanEck's Mathew Sigel suggested that the approval of these bills could stir close to $23 billion in inflows into Bitcoin. Abu Dhabi sovereign wealth … [Continue reading]
Ethereum Price Forecast: Pectra upgrade could alter investor sentiment as ETH retests $2,817
Ethereum price today: $2,740 Ethereum Foundation announced that the Pectra upgrade will continue as planned with the Holesky and Sepolia testnet upgrades set for February 24 and March 5. Ethereum options data shows a slight increase in optimism … [Continue reading]
Gold poised to end week with profits ahead FOMC minutes
Gold set to end the week up 0.80% despite Friday’s drop. US Retail Sales plunge, fueling US Dollar weakness and lower Treasury yields. Investors price in over one Fed rate cut, boosting bullion’s longer-term appeal. Gold price has fallen below … [Continue reading]
Mexican Peso surges and ends week in the green ahead Banxico’s minutes
Mexican Peso set for over 1% weekly gain as USD tumbles. The US Dollar Index falls to YTD lows as Fed rate-cut bets increase US Retail Sales drop fuels slowdown fears, boosting Fed easing expectations to 43.5 bps. Banxico minutes, Mexico GDP, and … [Continue reading]
Australian Dollar jumps to highs since December on USD weakness
Aussie edges higher following delayed reciprocal tariffs. US Retail Sales contracted, disappointing market forecasts. Fed watchers see 55% chance rates remain on hold in March. RBA rate cut speculation remains amid cooling domestic inflation. The … [Continue reading]
NZD/USD Price Analysis: Bulls push higher as pair eyes 100-day SMA
NZD/USD surges more than 1% on Friday, reaching its highest level since late January. The pair extends gains above 0.5730, setting its sights on the 100-day SMA at 0.5825. The NZD/USD pair rallied on Friday, jumping to 0.5735 and marking a fresh … [Continue reading]
USD/JPY Price Forecast: Sinks below 200-day SMA as USD tumbles
USD/JPY falls to 152.02, erasing February 12 gains as sellers take control. Bearish RSI signals further downside; key support at 150.93 and 148.64. A recovery above 152.73 could open the door to 153.22 and 154.00. The USD/JPY extended its losses, … [Continue reading]
Gold price plummets below $2,900 amid profit-taking, weak US Retail Sales
Gold set to end the week up 0.80% despite Friday’s drop. US Retail Sales plunge, fueling US Dollar weakness and lower Treasury yields. Investors price in over one Fed rate cut, boosting bullion’s longer-term appeal. Gold price has fallen below … [Continue reading]
GBP/USD rallies past 1.2600 as weak US Retail Sales sink the USD
US Retail Sales plunge 0.9% in January, missing forecasts. UK GDP surprises to the upside, boosting Pound momentum. GBP/USD eyes 100-day SMA at 1.2694 despite Fed-BoE policy divergence. The Pound Sterling rallied for the second consecutive day on … [Continue reading]
USD/JPY: Still watching out for reciprocal tariff – OCBC
USD/JPY fell sharply as reciprocal tariff delay led to a turnaround in UST yields. The pair was last seen at 152.60 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. Consolidation likely in the interim"USD/JPY fell, last at 152.60 … [Continue reading]