Gold price bounces from daily lows of $2,356, now at $2,385. Fed's preferred inflation gauge shows mixed results, edging closer to the 2% target. US Treasury yields slump as bonds rally, signaling potential for multiple Fed rate cuts this year. Gold … [Continue reading]
Ethereum ETFs seeing new demand despite outflows from Grayscale ETHE
Ethereum ETFs' volume and inflows have been healthy despite ETHE heavy outflows, says Bloomberg analyst Eric Balchunas. Ethereum ETFs' inflows are not from ETHE outflows, says analyst. Ethereum options expiry may trigger weekend volatility, but … [Continue reading]
Bitcoin rallies as VanEck CEO reveals 30% of his personal portfolio is in the largest digital asset
Jan VanEck spoke at the Bitcoin Conference, sharing his belief in the Bitcoin super bull cycle and revealing large BTC holdings. Michigan Retirement System revealed a $6 million holding in ARK21Shares Bitcoin ETF. Bitcoin is up nearly 4% … [Continue reading]
Ripple lawsuit update: SEC did not ask for $102.6 million in penalties, attorney calls it argument
SEC did not ask Ripple to pay $102.6 million in penalty, attorney Jeremy Hogan says it was a legal argument. SEC vs. Ripple lawsuit awaits final ruling from Judge Analisa Torres. XRP hovers around psychological support level at $0.60, … [Continue reading]
AUD/USD remains steady near 0.6550 after mix US PCE Inflation report
AUD/USD continues to consolidate above 0.6520 after mixed cues from the US PCE inflation report for June. Annual headline PCE decelerated expectedly, the core measure grew steadily. The next move in the Australian Dollar will be influenced by the … [Continue reading]
Pound Sterling steadies ahead of US core PCE inflation
The Pound Sterling prints a fresh two-week low at 1.2845 against the US Dollar on Friday as investors turn cautious ahead of the US core PCE Price index. The BoE is expected to cut interest rates next week. Robust US Q2 GDP growth has improved the … [Continue reading]
EUR/JPY holds ground around 167.00 after Tokyo CPI inflation
EUR/JPY remains steady after the release of the softer inflation data on Friday. The Tokyo CPI increased by 2.2% YoY in July, slightly down from the previous 2.3% rise. The Euro may face challenges as the ECB remains uncertain about its policy … [Continue reading]
Gold sinks to two-week low despite falling US yields
Gold prices fall 5% from July 17 peak of $2,483 to $2,364. US Q2 GDP beats expectations, strengthening the US Dollar and impacting gold. Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a … [Continue reading]
Grayscale Ethereum Trust outflows send ETH crashing
Ethereum ETFs saw $133.16 million in net outflows after the end of Wednesday's second day of trading. Ethereum Foundation is rumored to have moved 92,000 ETH in the past few hours. Grayscale's ETHE strong outflows could push Ethereum to test the … [Continue reading]
United States Kansas Fed Manufacturing Activity fell from previous -11 to -12 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]