Share: Japanese Finance Minister Shunichi Suzuki said on Tuesday that the central bank have not reached a stage where Japan can avoid the risk of falling back into deflation. Key quotes “Positive development is seen in Japan's economy such as high … [Continue reading]
Dow Jones Industrial Average Forecast: DJIA ends Monday in the green, buoyed by 38,500.00
Share: The Dow Jones is the best of the indexes on Monday. S&P 500, NASDAQ slightly in the red as Dow Jones holds steady. Markets gear up for US CPI inflation on Tuesday. The Dow Jones Industrial Average (DJIA) is up on thin margins for … [Continue reading]
USD/JPY Price Analysis: Enters oversold territory
Share: USD/JPY enters oversold territory suggesting the chance of a pullback. The pair has fallen rapidly over recent weeks due to expectations the BoJ will raise interest rates, The pair is now probably in a short-term downtrend, … [Continue reading]
Pound Sterling consolidates ahead of UK Employment, US Inflation data
Share: The Pound Sterling is stuck in a tight range ahead of the UK labor market, US CPI data. The UK wage growth data will provide fresh cues about the inflation outlook. The broader market sentiment remains upbeat as hopes for Fed rate cuts in … [Continue reading]
Australian Dollar could end its winning streak ahead of US CPI
Share: Australian Dollar halts its winning streak amid a muted US Dollar. Australia’s S&P/ASX 200 Index retreats from all-time highs as investors booked profits. China's CPI YoY and MoM increased by 0.7% and 1.0%, respectively, in … [Continue reading]
Japanese Yen stands tall near one-month top against USD on hawkish BoJ talks
Share: The Japanese Yen continues to draw support from expectations for a hawkish BoJ pivot. Bets for a June Fed rate cut undermine the USD and further exert pressure on USD/JPY. An upward revision of Japan’s Q4 GDP print contributes to the offered … [Continue reading]
Bitcoin related tokens STX, RUNE, LENDS see price gains ahead of BTC halving
Share: Bitcoin halving anticipation is a likely catalyst for gains in Bitcoin related projects Stacks, THORChain, and Lends. STX, RUNE, and LENDS prices rallied on Sunday as BTC price inches closer to $70,000. The Bitcoin-related token … [Continue reading]
XRPLedger AMM amendment passed with majority votes, XRP holders will earn passive income on this condition
Share: XRP holders will not receive income for holding the altcoin, they need to provide liquidity to the AMM for earning rewards. XRP holders that interact with the Automated Market Maker and provide their holdings to swappers, qualify for … [Continue reading]
Shiba Inu sees double-digit weekly gains, SHIB holders realize nearly $373 million profits
Share: Shiba Inu price rallied nearly 55% on a weekly timeframe as the meme coin hit its year-to-date high of $0.00004567. SHIB price sustained above support despite holders realizing $372.93 million in profits on March 5. SHIB price gains … [Continue reading]
Chainlink price gears up for nearly 10% gains as LINK sees whale accumulation
Share: Chainlink has noted an increase in accumulation by large wallet investors, eight whales pulled nearly $17 million in LINK from Binance. In the past ten days, there has been an increase in LINK supply held by whales while retail holders … [Continue reading]