Here is what you need to know on Tuesday, May 28: The US Dollar (USD) is having a hard time finding demand early Tuesday after weakening modestly against its major rivals on Monday. Housing Price Index for March, Conference Board's … [Continue reading]
Fed policymakers on the radar, as US PCE inflation looms
Commentary from Fed officials on interest rates and inflation outlook will be closely scrutinized this week. Fedspeak could help reverberate the market expectations for a September rates on-hold decision. Fed rate outlook could significantly impact … [Continue reading]
Ethereum investors confident of rally as ETH developers schedule Pectra upgrade for Q1 2025
Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence. Michael Saylor changes perspective, now believes spot ETH ETFs are net positive for Bitcoin. Ethereum Pectra upgrade scheduled to launch in Q1 2025. Ethereum … [Continue reading]
Canadian Dollar climbs against holiday-weakened Greenback
Canadian Dollar climbs over Greenback but gives mixed Monday performance. Canada brings little of note to the economic calendar until Friday’s GDP release. Memorial Day holiday keeps US markets dark, leaves market volumes thin. The Canadian Dollar … [Continue reading]
AUD/USD jumps to 0.6650 ahead of Aussie Retail Sales data
AUD/USD moves higher to 0.6650 ahead of crucial Australian economic data. Investors expect that the Fed will consider rate cuts in the last quarter of this year. Fed policymakers emphasize the need to maintain interest rates at restrictive levels. … [Continue reading]
Silver Price Forecast: XAG/USD surges to near $31.00 amid escalated geopolitical tensions
Silver price advances due to escalated geopolitical tensions in the Middle East. Israeli strikes in Rafah on Sunday killed at least 35 people, intensifying pressure surrounding the conflict in Gaza. The subdued US Dollar reinforces the strength … [Continue reading]
USD/INR recovers on Middle East geopolitical risks
Indian Rupee weakens on Monday despite the weaker USD. Strong inflows into Indian equities might support the INR in near term; geopolitical risks might cap the local currency’s upside. US Q1 GDP, US April PCE and Indian Q4 GDP growth … [Continue reading]
AUD/USD gathers strength above 0.6630 on weaker US Dollar
AUD/USD kicks off the new week on a positive note around 0.6632 on Monday. The US Durable Goods Orders came in better than expected; the UoM Consumer Sentiment Index was above the consensus. The hawkish stance of the RBA might support … [Continue reading]
Arbitrum community opens vote for 200 million ARB Gaming Catalyst Plan proposal
Arbitrum community has opened a snapshot vote for Gaming Catalyst Plan proposal, to allocate 200 million ARB. The Arbitrum Foundation will create legal entities to support the Gaming Catalyst Program and Fund. ARB price sustains 17.60% … [Continue reading]
ONDO extends gains by 4% with rise in non-empty wallets, hits new all-time high
Ondo extended gains by 75% increase in the past 11 days, per crypto intelligence tracker Santiment. The token ranks among top trending assets on the platform, with a massive spike in non-empty wallets. ONDO added 4% value to its price on … [Continue reading]