Gold price drops from daily high of $2,403 to $2,377 as Greenback gains 0.20%. High retail prices dampen gold demand in Asia; China's economic concerns persist. Investors eye FOMC decision, JOLTS report, ADP data, and key US economic indicators this … [Continue reading]
Dow Jones Industrial Average roils on Monday ahead of busy Fed week
Dow Jones churns chart paper as investors jostle for position ahead of Fed. Fed set to hold rates steady this week, markets on the lookout for forward guidance. Investors have fully priced in a rate trim in September. The Dow Jones Industrial … [Continue reading]
USD/CHF Price Analysis: Jumps to near 0.8850 as US Dollar advances
USD/CHF moves higher to near 0.8850 as the US Dollar posts a fresh two-week high. The Fed is expected to begin reducing interest rates in September. USD/CHF trades in a Falling Channel chart pattern. The USD/CHF pair climbs to near 0.8850 in … [Continue reading]
Belgium Gross Domestic Product (QoQ) fell from previous 0.3% to 0.2% in 2Q
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]
Gold price struggles to lure buyers amid positive risk tone; downside seems cushioned
A combination of supporting factors assists the Gold price to attract buyers for the second successive day. The USD remains depressed amid the September Fed rate cut bets and acts as a tailwind to the XAU/USD. Geopolitical risks further lend … [Continue reading]
Gold Price Forecast: XAU/USD attracts some buyers near $2,400 as US PCE data lifts rate-cut hopes
Gold price gains ground near $2,395 in Monday’s early Asian session. The easing PCE inflation data on Friday has paved the way for a widely anticipated September rate cut. The sluggish Chinese economy and less demand for Gold from Asian central … [Continue reading]
Betting big on crypto: Polymarket sees $300 million monthly volume as prediction markets gain traction
Crypto prediction market Polymarket hit a key milestone with $300 million monthly volume. The new all-time high in crypto betting history comes at a time of peak interest in US Presidential elections. Polymarket was a use case featured in … [Continue reading]
Ripple update: What to expect from XRP and Ripple lawsuit this week
Ripple active addresses doubled over the weekend, signaling a rise in activity among traders, per Santiment data. XRP traders have consistently taken profits in the altcoin in the last two weeks, increasing selling pressure on the altcoin. XRP … [Continue reading]
Bitcoin inches closer to $70,000 as Donald Trump says SEC Chair Gary Gensler will be fired
Donald Trump spoke at the 2024 Bitcoin conference early on July 27, promising that on day one he will fire SEC Chair Gensler. US government will be the crypto capital of the world, keeping 100% of the BTC it owns. Trump affirms the … [Continue reading]
Analyst predicts altcoin breakout above $800 billion market capitalization
Crypto analyst Michaël van de Poppe believes altcoin market capitalization could breakout above $800 billion soon. The analyst notes that the recent correction in cryptocurrencies resulted in a drawdown in prices of assets, erasing 4% market … [Continue reading]