Silver extends rally to fresh 14-year highs, breaking above the key $40.00 level last seen in September 2011.Fed rate cut bets, weak US Dollar, and safe-haven demand continue to fuel bullish momentumTechnical breakout confirmed above the July peak of … [Continue reading]
Gold extends rally as weaker USD and Fed rate-cut bets boost demand
Gold's rally continues, with the metal advancing for a fifth consecutive session, pressing toward the all-time high zone.A broadly weaker US Dollar, with the US Dollar Index (DXY) hovering near a one-month low, and September Fed cut expectations are … [Continue reading]
CAD: Growth figures provide a look in the rear-view mirror – Commerzbank
In Canada, the effects of Donald Trump's trade war were clearly evident in the second quarter, with the economy contracting by 1.6% quarter-on-quarter (annualised). This was well below the expectations of analysts surveyed by Bloomberg, despite the … [Continue reading]
Cardano founder intensifies rivalry with Ethereum amid ADA’s bearish streak
Charles Hoskinson promotes Cardano over Ethereum in a surprise AMA session on Sunday. Cardano’s ADA token extends the downtrend for the fourth consecutive day, risking a drop below $0.80. The on-chain data reflects Ethereum’s superiority … [Continue reading]
USD/JPY edges higher above 147.00 despite Fed rate cut hopes
USD/JPY gains traction to near 147.20 in Monday’s early Asian session.Japan’s Tokyo CPI inflation eases in August. US PCE stayed higher than the Fed's target in July, but it didn't dash traders' hopes for a rate cut.The USD/JPY pair gains ground … [Continue reading]
China NBS Manufacturing PMI below forecasts (49.5) in August: Actual (49.4)
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]
China NBS Non-Manufacturing PMI meets expectations (50.3) in August
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]
Crypto market braces for $4.7 billion token unlocks this September
The cryptocurrency market is poised for a wave of token unlocks in September, totaling $4.7 billion.Tokenomist data shows that the increased supply comprises $1.2 billion of cliff unlocks and $3.5 billion of linear unlocks.SUI, Aptos and Arbitrum are … [Continue reading]
Ethereum Price Forecast: ETH eyes key support despite record growth in network activity
Ethereum price today: $4,340Ethereum's total transaction count reached a new high in August, following its record price growth.Fees have remained low despite the strong uptick in network activity, an emerging trend inspired by the Dencun upgrade.ETH … [Continue reading]
Dow Jones Industrial Average backslides after fresh rise in PCE inflation
The Dow Jones eased lower on Friday, testing below 45,500.Equities recoiled after US PCE inflation metrics rose in-line with forecasts.Despite fresh inflation pressure, markets are still banking on a September rate cut.The Dow Jones Industrial … [Continue reading]