The ECB decision and the subsequent press conference by ECB President Christine Lagarde were essentially non-events in terms of content. The ECB is largely satisfied with the inflation trend, Commerbank’s FX strategist Ulrich Leuchtmann notes. … [Continue reading]
Bitcoin Weekly Forecast: Will BTC continue its bullish momentum?
Billionaire investor Mark Cuban discussed on Twitter on Wednesday Silicon Valley's growing support for former President Trump. U.S. spot Bitcoin ETFs saw their fourth straight day of inflows on Thursday, totaling $84.80 million. On-chain data … [Continue reading]
Japanese Yen remains muted following the latest inflation data
The Japanese Yen remains silent after the release of mixed inflation data on Friday. Japan's National Consumer Price Index held steady at 2.8% in June, remaining at the highest level since February. The US Dollar extends gains despite the dovish … [Continue reading]
Grayscale’s fee could affect quest for new Ethereum all-time high
Grayscale's Ethereum Trust fee could spark outflows, canceling out potential inflows across Ethereum ETFs. Ethereum Foundation-related wallet has been dumping ETH on exchanges. Ethereum could see a new all-time high if it moves above a key … [Continue reading]
Canadian Dollar gives a mixed Thursday performance
The Canadian Dollar found mixed bids on Thursday. Canada set for another rate call next week. A lack of meaningful data ahead of next Tuesday’s BoC showing leaves CAD adrift. The Canadian Dollar (CAD) recovered some ground in mixed trading on … [Continue reading]
Eurozone ECB Main Refinancing Operations Rate in line with forecasts (4.25%)
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]
Pound Sterling edges lower after UK employment data
The Pound Sterling slides below 1.3000 against the US Dollar as UK Average Earnings decelerated in the three months ending in May. UK labor market reports the addition of fresh payrolls against a severe drawdown in the three months ending in … [Continue reading]
Japanese Yen edges lower despite the intervention threat by authorities
The Japanese Yen inches lower as the US Dollar rebounds. The JPY could limit its downside as traders expect further intervention by Japanese authorities. The greenback may limit its upside due to the rising expectations of the Fed reducing rates in … [Continue reading]
Australian Unemployment Rate seen steady at 4% in June as RBA delays rate cuts
The Australian Unemployment Rate is foreseen unchanged at 4% in June. Employment Change expected at 20K, down from the previous 39.7K. AUD/USD struggles to extend gains ahead of the announcement. With sentiment dominating financial markets, the … [Continue reading]
Dow Jones Industrial Average extends rate cut rally into yet another record high
Dow Jones climbs on Wednesday as Fedspeak keeps rate cut hopes pinned. Fed rate cut expectations have fully priced in a September rate cut. One last batch of US inflation figures remains before the Fed’s July rate call. The Dow Jones Industrial … [Continue reading]