Share: The Canadian Dollar is grappling with sideways momentum on Monday. Markets look ahead to key data for both the US and Canada in the latter half of the week. US PCE inflation & ISM Manufacturing, Canada GDP & employment change are on … [Continue reading]
Oil turns flat as US session comes into play on Monday
Share: WTI Oil saround $75 ahead of US opening bell. The US Dollar is trading flat as US trading session underpins the Greenback. Oil could sink below $70 if OPEC+ can not unify and come out with a set of supportive measures. Oil prices are … [Continue reading]
Dollar’s drop might have come far enough for the time being – ING
Share: The Dollar is hovering near recent lows. Economists at ING analyze USD outlook. Don’t chase the Dollar bear trend While acknowledging that November and December are seasonally soft months for the dollar, our view is that this Dollar sell-off … [Continue reading]
EUR/USD Price Analysis: Continues the winning streak on weaker US Dollar, trades near 1.0950
Share: EUR/USD extends gains for the third session as the US Dollar struggles. Technical indicators suggest a potential revisit to a three-month high at 1.0965. The seven-day EMA could act as a key support followed by the psychological level at … [Continue reading]
EUR/USD remains capped below 1.0950, eyes on Eurozone inflation, US GDP data
Share: EUR/USD loses ground near 1.0935 on renewed USD demand. The German economy started the second half of the year with a modest economic slowdown. US S&P Global Composite PMI held steady at 50.7 in November. Traders will focus on the … [Continue reading]
IMX, 1INCH, DYDX tokens worth $105 million will unlock in the upcoming week
Share: IMX, 1INCH and DYDX tokens will be unlocked in the upcoming week. DYDX unlock is scheduled for November 30 and IMX, 1INCH unlock events are lined up for December 1. Tokens that will be unlocked account for 1% to 5.4% of the asset’s … [Continue reading]
Cardano based project commits to AI integration with launch of AI-powered Girolamo
Share: CardanoGPT, based on Cardano, begins a new phase of exploring AI and blockchain with the launch of Girolamo. The launch of the AI powered entity represents CardanoGPT’s exploration of AI applications within the blockchain framework. … [Continue reading]
Solana USDC transfer volume exceeds $70 billion, hits 6-month peak
Share: Solana USDC transfers hit $71 billion in November, marking a six month peak for the Ethereum alternative token. DEX trading volume in the SOL ecosystem hit a record high, signaling investors are likely re-entering the Solana … [Continue reading]
Cosmos community passes proposal to slash ATOM inflation, seeks long-term profitability
Share: The Cosmos Hub community has passed the ATOM Production Reduction proposal with 41.1% support. The maximum inflation of the token will be slashed in half, to 10%. ATOM price is up nearly 6% on the day, yielding 40% monthly gains for … [Continue reading]
Solana price could hit three digits in 2024, analyst shares bullish outlook on SOL
Share: Solana monthly volume exceeds $6 billion, supporting ongoing SOL price rally. Crypto analyst Altcoin Sherpa predicted a massive surge in SOL price in 2024. SOL price could retrace to sub-$50 level, before another leg up. … [Continue reading]