The US Consumer Price Index is set to rise 3.4% YoY in March, following the 3.2% increase in February. Annual core CPI inflation is expected to edge lower to 3.7% YoY in March. The inflation report could impact the market pricing of the June rate cut … [Continue reading]
XRP price tests crucial support while Ripple invites applications to XRPLedger grants program
XRP price is testing psychologically important support at $0.60 on Wednesday. Ripple announced the launch of its XRPLedger grants program, inviting applications from developers. XRPLedger issues final reminder to all node operators to … [Continue reading]
RBNZ holds interest rate at 5.50%, as expected
Following the conclusion of the April policy meeting on Wednesday, the Reserve Bank of New Zealand (RBNZ) board members decided to maintain the Official Cash Rate (OCR) at 5.50%. The decision was in line with the market expectations. Summary of the … [Continue reading]
RBNZ Decision Preview: Interest rates seen on hold for sixth straight time despite lingering recession
The Reserve Bank of New Zealand is set to hold the interest rate at 5.50% on Wednesday. The language in the policy statement will offer cues on the RBNZ interest rate outlook. The New Zealand Dollar braces for a big reaction to the RBNZ policy … [Continue reading]
GBP/USD retreats from 1.2700 as investors brace for the US CPI release
Sterling’s recovery falters at the 1.6680-1.6700 resistance area. An increasing risk aversion ahead of the US CPI release is supporting the USD. The broader trend remains negative while below 1.6680 The Pound has found some supply at levels right … [Continue reading]
US Dollar orbits around 104.00 with some easing taking place
The US Dollar stays afloat and sideways after lackluster Monday trading. The US economic calendar features Business Optimism numbers. The US Dollar Index stays afloat above 104.00 despite rather dovish-tilted comments from … [Continue reading]
MINA price down nearly 4% on eve of final test for Berkeley upgrade
Mina Protocol’s devnet upgrade, the final test before Berkeley, is lined up for April 9. The upgrade will bring three key features to the community, likely to boost the protocol’s utility. MINA price is losing nearly 4% of its value on … [Continue reading]
Japanese Yen languishes near multi-decade low amid divergent BoJ-Fed expectations
The Japanese Yen hangs near a multi-decade against the USD amid the BoJ’s dovish outlook. The divergent Fed-BoJ expectations support prospects for a further JPY depreciation move. Intervention fears hold back the JPY bears from placing fresh bets and … [Continue reading]
Fed’s Kashkari: The bank cannot stop short on the inflation fight
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari spoke at the University of Montana on Monday. Kashkari said that the US central bank cannot stop short' on the inflation fight. Key quotes “The inflation rate is running around 3% and … [Continue reading]
Gold climbs higher yet remains shy of all-time peak
Gold's ascent to $2,354 tempered amid evolving Fed rate cut expectations and resilient US jobs report. Citi analysts project potential further upside for Gold with forecasts reaching up to $2,500 in more bullish scenarios. Market recalibration on the … [Continue reading]