Large holders are still holding onto PEPE despite its recent all-time high. PEPE is on the brink of a new all-time high after an 8% rally. Investors must exercise caution as few addresses control 65% of the token's supply. PEPE is showing signs of a … [Continue reading]
Key Ethereum data indicates bullishness, Grayscale submits updated filings amid JP Morgan’s bearish prediction
Ethereum accumulating addresses have increased steadily since the beginning of May. JP Morgan analysts predict that spot Ethereum ETFs will see a disappointing launch. Ethereum derivatives data indicates traders are highly bullish. Ethereum (ETH) … [Continue reading]
Forecasting the Coming Week: ECB and US NFP steal the show
The Greenback traded on the back foot this week, managing to reclaim the 105.00 barrier and above when measured by the USD Index (DXY), although eventually giving away all those gains in response to the lack of any surprise from PCE data. The US … [Continue reading]
India Bank Loan Growth fell from previous 19.6% to 19.5% in May 13
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]
Australian Dollar consolidates as traders exercise caution ahead of US Core PCE
The Australian Dollar held ground despite softer China’s PMI data released on Friday. The AUD could appreciate due to the hawkish sentiment surrounding the RBA hiking rates. The US Dollar rebounded as Fed's Logan expressed concerns about … [Continue reading]
Gold Price Forecast: XAU/USD remains stuck in range, awaits US PCE inflation for clear direction
Gold price holds the previous bounce early Friday, eyes fourth monthly gains. The US Dollar finds its feet again on a dour mood, despite weak US Treasury bond yields. The daily RSI prods the 50 level, as Gold price managed to … [Continue reading]
US Dollar halted its recovery after GDP revisions, PCE data looms
US GDP Q1 revisions and increasing Jobless Claims affects USD negatively. Weekly Jobless Claims rose higher than expected. Markets look forward to PCE figures on Friday. On Thursday, the US Dollar Index (DXY) experienced a retreat after a sharp … [Continue reading]
US Dollar declines as markets digest GDP data from the US
US GDP Q1 revisions and increasing Jobless Claims affects USD negatively. Weekly Jobless Claims rose higher than expected. Markets look forward to PCE figures on Friday. On Thursday, the US Dollar Index (DXY) experienced a retreat after a sharp … [Continue reading]
Silver Price Forecast: XAG/USD takes support near $31, uncertainty is intact ahead of US Inflation
Silver price finds interim support near $31.00 as US Dollar corrects further. The US Dollar comes under pressure after revised estimate for Q1 US GDP showed that the economy grew at a slower pace of 1.3%. Silver price could fall on backfoot if it … [Continue reading]
NZD/USD extends its losses to near 0.6100 as risk aversion emerges
NZD/USD extends its losing streak following the NZ Yearly Budget on Thursday. New Zealand Treasury sees inflation falling to below 3% in Q3. The lower US Treasury yields put pressure on the US Dollar, limiting the downside of the pair. NZD/USD … [Continue reading]