Gold price meets with a fresh supply on Tuesday amid some follow-through USD buying. Rising bets for a September Fed rate cut should limit any further losses for the XAU/USD. Fed Chair Powell’s speech eyed for some impetus ahead of FOMC minutes on … [Continue reading]
Meme coin popularity sends Solana’s economic value to new all-time high
Increased growth in Pump.fun and recently launched Moonshot are partly catapulting growth in Solana. Solana's Pump.fun has helped launch over 1.18 million meme coins in six months. Social data shows WIF could see more upside despite recent gains. … [Continue reading]
Gold price steady as market awaits busy US weekly schedule
Gold remains steady unaffected by rising US Dollar and Treasury yields. Mixed US manufacturing data: S&P PMI expands, ISM PMI contracts for third consecutive month. US 10-year Treasury yield climbs nearly 9 bps to 4.489%, bolstering Dollar's … [Continue reading]
GBP/USD Price Analysis: Erases gains as bears move in post-weak US data
GBP/USD falls as concerns of potential US recession weigh on markets. Technicals suggest neutral to downward bias, marked by lower highs and lows. Support levels: 1.2600 (daily MAs), 1.2560 (200-DMA), 1.2500, 1.2445 (May 9 low), 1.2299 (YTD low). … [Continue reading]
AUD/USD approaches 0.6700 modestly as Fed rate-cut prospects improve
AUD/USD inches toward 0.6700 as the US Dollar is under pressure. Soft US inflation in May has prompted Fed rate-cut hopes. The RBA could tighten its monetary policy further as price pressures accelerated in May. The AUD/USD pair marches toward the … [Continue reading]
Russia S&P Global Manufacturing PMI up to 54.9 in June from previous 54.4
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]
NZD/USD retakes 0.6100 mark amid weaker USD, upside potential seems limited
NZD/USD draws support from a modest US weakness and a positive risk tone. Fed rate cut uncertainty should limit the USD losses and cap gains for the pair. China’s economic woes further warrant caution for aggressive bullish traders. The … [Continue reading]
Layer 1 tokens that are likely dead coins, fail to recover this cycle: XTZ, IOTA, KLAY, ALGO, EOS
Crypto cycle has been dominated by AI tokens and meme coins, while Layer 1 tokens like XTZ, IOTA, KLAY, ALGO, EOS pile losses. The assets wiped out over 75% of their value in the ongoing crypto cycle, with less hope for recovery. The … [Continue reading]
Over 1 million people hold at least one Bitcoin, here’s where BTC is headed
Data shows over 1 million wallet addresses hold a minimum of one Bitcoin as of June 30, per Glassnode data. Nearly 82% of Bitcoin holders are currently profitable as BTC holds steady above $61,500. Bitcoin faced a choppy week, analysts … [Continue reading]
Crypto token unlocks worth over $730 million in July: DYDX, SUI, ARB, AXS, APE among top assets
Crypto token unlock events in July are likely to flood the market with over $730 million in assets. DYDX, SUI, Arbitrum, Axie Infinity and ApeCoin rank among the top assets with scheduled unlocks in July. Large scale token unlocks … [Continue reading]