Ethereum ETF approval may open the floodgates to assets like Solana and XRP that may receive approval for ETFs in 2025. Standard Chartered analysts say that cryptocurrencies like Solana and XRP will not be classified as securities. SOL … [Continue reading]
USD/CAD falls toward 1.3700 as US Dollar offers gains ahead of economic data
USD/CAD halts its winning streak ahead of Canadian Retail Sales and US Consumer Sentiment due on Friday. The US Dollar edges lower due to a downward correction in US Treasury yields. Lower WTI price puts pressure on the commodity-link Canadian … [Continue reading]
USD/INR weakens as India sees strong growth in business
Indian Rupee gains ground despite the firmer USD on Friday. India’s flash PMI showed a robust expansion in May, boosting the INR. US Durable Goods Order, Michigan Consumer Sentiment Index report, and speech from Fed’s Waller are the … [Continue reading]
Japan National CPI ex Fresh Food (YoY) meets expectations (2.2%) in April
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]
Ethereum reclaims $3,800, lawmakers urge SEC Chair to approve ETH ETF
Ethereum ETFs will likely be approved as US lawmakers have urged SEC Chair to give the green light. SEC Chair refused to comment when asked to give a preview on spot ETH ETF decision on Thursday. Ethereum may rally more than Bitcoin did if SEC … [Continue reading]
Mexican Peso gives up gains against USD following US PMI beat
The Mexican Peso gives up its gains versus the USD following the release of US PMI data for May. The data shows both Manufacturing and Services sectors expanded more than analysts had expected. USD/MXN threatens to reverse the trend after … [Continue reading]
Ripple prepares for SEC lawsuit outcome, XRP climbs past $0.51
Ripple prepares for permanent ban on XRP sales, continues selling to international clients through foreign subsidiaries. If XRP sales are considered securities under crypto bill FIT21, the firm could sell XRP in regimes with different … [Continue reading]
Australian Dollar remains firmer due to risk-on mood, US PMI eyed
The Australian Dollar appreciates ahead of US PMI data on Thursday. Australia's Consumer inflation expectations dropped to 4.1% in May from 4.6% in April, hitting the lowest point since October 2021. FOMC Minutes suggested a lack of progress on … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1098 vs. 7.1077 previous
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]
Ethereum could surge 75% as BlackRock, Bitwise, Grayscale submit amended ETH ETF filings
BlackRock, Bitwise and Grayscale join fellow issuers in submitting amended spot ETH ETF 19b-4s filings on Wednesday. SEC has begun discussions on S-1s filings as they may be delayed by a few weeks before approval. Ethereum bulls appear to be … [Continue reading]