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]
WTI moves below $80.00 due to a surprise build on US crude stockpiles
WTI price loses ground as a surprise build on US crude stockpiles raised concerns about weakening demand. US EIA Crude Oil Stocks Change increased by 3.591 million barrels in the previous week, against an expected decline of 3.000 million barrels. US … [Continue reading]
Could profit-taking from FLOKI holders lower its price?
Trading bot that will burn FLOKI tokens announcement fails to impact its price. FLOKI's In-the-Money Addresses reveal a sharper correction may occur if the market continues its downward movement. FLOKI's Token Age Consumed shows long-term holders may … [Continue reading]
Dow Jones Industrial Average treads water on tepid Wednesday
Dow Jones hung up on the 39,000.00 handle amid quiet midweek markets. Fedspeak continues to press down on rate cut hopes. Investors buckle down for the wait to key data on Thursday and Friday. The Dow Jones Industrial Average (DJIA) is churning just … [Continue reading]
Silver Price Analysis: Declining in a falling channel
Silver is weakening within a descending channel. The channel is more likely than not to continue unfolding lower. A break below the June 13 low would confirm further downside. Silver (XAG/USD) looks like it has started to form a … [Continue reading]
Pound Sterling pauses around 1.2700 against USD ahead of US core PCE inflation
The Pound Sterling trades sideways against the US Dollar as investors shift focus to the US core PCE inflation data for May. UK’s high wage inflation refrains BoE policymakers from committing to interest rate cuts. Uncertainty over the UK’s … [Continue reading]
Australian Dollar remains solid as higher inflation dampens RBA’s possible rate cuts
The Australian Dollar appreciates as higher consumer inflation dampens the possibility of RBA’s rate cuts. Australia’s monthly CPI jumped by 4.0% YoY against the expected growth of 3.8% in May. The US Dollar remains calm as investors turn cautious … [Continue reading]
Analysis shows Ethereum ETFs could impact the market with $15 billion net flows by 2025
Ethereum ETFs could attract up to $15 billion in net flows by 2025, says Bitwise CIO. Low outflows in Ethereum Foundation wallets suggest bull cycle is yet to reach its peak. Ethereum traders are gradually turning bullish again following slight … [Continue reading]
Australian Dollar faces selling pressure ahead of CPI
Australian Dollar’s downside is supported by hawkish RBA outlook. Markets now hint at rate cuts not before February 2025. Upcoming May CPI figures will be pivotal for markets to anticipate next RBA moves. Tuesday's session observed a decline in the … [Continue reading]
Mexican Peso pulls back from overbought extremes ahead of Banxico meeting
The Mexican Peso corrects back after becoming overbought ahead of Banxico meeting. The Banxico is likely to keep interest rates unchanged at 11%, supporting the MXN. The short-term trend has reversed for USD/MXN and is probably bearish … [Continue reading]