Share: Polygon price is nurturing an uptrend with a pending buy signal on the RSI. MATIC could extend the climb 5% to confront the 100-day SMA at $0.8029. Invalidation of bullish outlook will occur if the price breaks and closes below $0.7390 … [Continue reading]
XRP spot ETF will only come after a futures investment product like its Bitcoin counterpart
Share: Following spot BTC ETF approvals, expectation for an Ether and XRP ETF have grown. Market watchers says an XRP futures ETF would be key in paving way for a spot XRP ETF. Gemini exchange relisted XRP after it was appointed custodian for … [Continue reading]
CFTC chair calls for new legislation, citing risks related to spot BTC ETFs
Share: CFTC chair Rostin Behnam has concerns about the recent approval of spot BTC ETFs in the US. He cites risks sprouting from mistaking spot ETF approvals with actual regulatory oversight of the cash commodity digital assets. Behnam wants … [Continue reading]
ApeCoin price climbs 5% as gaming narrative revitalizes social metrics for APE
Share: ApeCoin price is up 5% on the day amid intensifying gaming narrative. APE could extend the gains as the new theme revitalizes social metrics for APE. Social dominance and volume metrics provide tailwinds for the altcoins as the gaming … [Continue reading]
US equities mix on Friday, S&P 500 threatens a pullback
Share: S&P 500, NASDAQ Composite end six-day record streaks. Despite weaker Friday, US indexes closed in the green for a third straight week. US Fed on the docket for next week. US equities closed mixed on Friday to cap off a week of stunning … [Continue reading]
EUR/USD trims near-term losses, but gains capped post-US PCE
Share: EUR/USD reclaims territory near 1.0880 after drop into 1.0820. German Consumer Confidence declined to 11-month low. US PCE inflation eased more than expected, but spending remained high. EUR/USD recovered recent losses on Friday, recovering … [Continue reading]
United States Pending Home Sales (YoY) up to 1.3% in December from previous -5.2%
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]
EUR/CHF seen at at 0.9300 in 6-12M – Danske Bank
Share: EUR/CHF reached the lowest level since 2015 by the end of December, breaching below the 0.9300 mark. Economists at Danske Bank analyze the pair’s outlook. SNB to deliver its first 25 bps cut in June We expect the SNB to deliver its first 25 … [Continue reading]
Gold price holds steady above weekly low ahead of the crucial US inflation data
Share: Gold price attracts some buyers for the second straight day amid sliding US bond yields. Geopolitical risks and the uncertain global economic outlook further benefit the metal. Delayed Fed rate cut bets cap the upside ahead of the release of … [Continue reading]
USD/CAD remains capped under the 1.3500 mark, all eyes on US PCE data
Share: USD/CAD drifts lower to 1.3472 amid the modest USD decline. US GDP expanded at a 3.3% annualized rate in the fourth quarter of 2023, stronger than expected. A rise in oil prices amid Middle East geopolitical tensions might lift the … [Continue reading]