Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Friday that some economic signals are giving policymakers cause for concern, and nodded at a general tightening of credit facilities. Key highlights There are some things that … [Continue reading]
GBP/JPY shrugs off strong UK data, pulls back from 200-day SMA
GBP/JPY pulls back after touching 200-day SMA despite better-than-expected UK data. Analysts still expected the BoE to make rate cuts in 2024. The Yen gains strength from positive GDP data and expectations of more rate hikes from … [Continue reading]
Bitcoin Weekly Forecast: Signs of weakness persist
Marathon Digital (MARA) added 4,141 BTC worth $249 million this week. On Tuesday and Wednesday, Mt. Gox and the US government fund transfer create FUD among traders. On-chain data shows negative bias, signaling a bearish move for BTC ahead. Bitcoin … [Continue reading]
Gold price remains depressed amid positive risk tone, bears seem non-committed
Gold price edges lower on Friday amid easing US recession fears and the prevalent risk-on environment. Receding bets for a more aggressive policy easing by the Fed contribute to the modest intraday decline. Geopolitical risks and bets on an … [Continue reading]
South Korea Trade Balance fell from previous $3.62B to $3.6B in July
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]
FLOKI down following partnership with Premier League club Nottingham Forest
FLOKI announced its official partnership with Premier League football club Nottingham Forest for the 2024/2025 season. FLOKI is down 1.5% following the announcement. According to IntoTheBlock's data, DOGE, FLOKI and MOG are among the meme coins … [Continue reading]
Crypto Today: SEC approves MicroStrategy leveraged ETF, Bitcoin, Ether, XRP dip
SEC greenlights Defiance Daily Target 1.75X Long MicroStrategy ETF, which seeks daily leveraged investment returns of 1.75 times the daily percentage change of the stock. Bitcoin, Ethereum and XRP trade under key levels post outflows to Spot BTC … [Continue reading]
Bitcoin price looks poised for decline as daily active addresses fall
Arkham Intelligence data shows that a wallet associated with the US government transferred 10,000 BTC, worth $593.5 million, to Coinbase Prime on Wednesday. Bitcoin Spot ETFs recorded a mild outflow of $81.40 million on Wednesday. On-chain data … [Continue reading]
EUR/GBP trades with mild losses below 0.8600 as UK economy expands 0.6% QoQ in Q2
EUR/GBP edges lower to around 0.8565 in Thursday’s early European session. UK preliminary GDP expanded 0.6% QoQ in Q2 vs. 0.6% expected. The ECB is anticipated to cut more through the end of next year. The EUR/GBP cross weakens near 0.8565 on … [Continue reading]
USD/CAD rebounds above 1.3700 on lower crude oil prices, traders await US Retail Sales data
USD/CAD extends recovery 1.3715 in Thursday’s Asian session. The US CPI inflation dropped to 2.9% YoY in July from 3% in June, softer than expected. Lower crude oil prices weigh on the commodity-linked Canadian Dollar. The USD/CAD pair … [Continue reading]