XRP investors held onto their tokens despite the crypto market sell-off last week. The resilience among investors could be due to potential bullish catalysts in 2025. XRP could retest its all-time high resistance if it breaks above the upper boundary … [Continue reading]
XRP shows resilience in recent market sell-off
XRP investors held onto their tokens despite the crypto market sell-off last week. The resilience among investors could be due to potential bullish catalysts in 2025. XRP could retest its all-time high resistance if it breaks above the upper boundary … [Continue reading]
Why are cryptocurrencies up today? Santa rally narrative picks up pace
The crypto market has begun recovering from recent drawdowns last week. Recent price action points to a buy-side bias among active holiday traders who anticipate a crypto 'Santa rally.' Investors could be shifting attention toward altcoins this … [Continue reading]
Gold Price Forecast: XAU/USD holds around $2,610 ahead of Christmas Eve
Gold remains steady near $2,610 as the US Dollar continues to strengthen. Fed signals fewer rate cuts next year, reducing upward pressure on Gold. XAU/USD faces downward pressure as it tests 100-day SMA support. The Gold price remains relatively … [Continue reading]
Pound Sterling gains as investors shrug off increased BoE dovish bets
The Pound Sterling trades higher in a light trading volume session amid holidays in global markets on account of Christmas Day. Fed policymakers see the fund rates heading to 3.9% by the end of 2025. Trades have fully priced in two … [Continue reading]
Gold price sticks to positive bias amid pre-holiday subdued trading action
Gold price edges higher on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD. The Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal. … [Continue reading]
USD/INR surges ahead of holiday-shortened trading week
The Indian Rupee loses traction to an all-time low in Tuesday’s Asian session. A weak offshore Chinese Yuan, strong USD demand from importers, and higher crude oil prices weigh on the INR. The intervention by the RBI might help limit the … [Continue reading]
BoC Meeting minutes: Decision to cut rates by 50 bps was a close call
According to the Bank of Canada's (BoC) minutes from the December 2024 meeting that was released Tuesday, the decision to cut rates by 50 basis points (bps) on December 11 was a close call, with some members of the governing council suggesting a … [Continue reading]
Crypto Today: BTC hits new Trump-era low as Chainlink, HBAR and AAVE lead market recovery
The cryptocurrency market capitalization fell below $3.5 trillion on Monday, marking a 2.4% decline in the last 24 hours. Bitcoin (BTC) price declined 7.2% last week, recording its first weekly loss since Trump’s victory in the election on November … [Continue reading]
USD/CAD returns above 1.4400 despite Canadian GDP beats estimates
USD/CAD bounces back above 1.4400 amid a strong recovery in the US Dollar. US Durable Goods Orders contracted by 1.1% in November, faster than estimates of 0.4%. The Canadian economy expanded by 0.3% in October against expectations of 0.1%. The … [Continue reading]