The Euro accelerates its reversal with the Pound boosted on hotter UK inflation levels.A higher-than-expected UK CPI bolsters the case for a steady monetary policy over the next months.EUR/GBP: A break below 0.8595 would confirm a double top above … [Continue reading]
Japanese Yen clings to gains as hawkish BoJ expectations offset unimpressive data
The Japanese Yen attracts dip-buyers after an unimpressive domestic data-inspired downtick.The divergent BoJ-Fed expectations continue to act as a tailwind for the lower-yielding JPY.Sustained USD buying could lend support to the USD/JPY pair ahead … [Continue reading]
WTI drifts lower to near $62.00 on talks to end Russian invasion of Ukraine
WTI price tumbles to around $62.05 in Wednesday’s early Asian session.The White House said Russia-Ukraine meeting plans are ‘underway’ following Trump meetings.US crude inventories fell 2.4 million barrels last week, API said. West Texas … [Continue reading]
Ethereum Price Forecast: ETH plunges below $4,200 as investors brace for Powell’s speech
Ethereum investors are expecting increased volatility in the short term as Fed Chair Powell's speech at Jackson Hole approaches.A record high in validator queue exits and sustained ETH ETF outflows could also weigh on market sentiment.ETH tested the … [Continue reading]
Gold retreats from intraday high, trades heavy below $3,330
Gold edges lower on Tuesday, easing from an intraday high of $3,345 as increased risk appetite and a firmer US Dollar weigh on sentiment.A stable US Dollar and slightly lower Treasury yields are offering mixed signals for Gold, limiting strong … [Continue reading]
Crypto Today: Bitcoin, Ethereum, XRP under pressure as derivatives data signals risk-off
Bitcoin drops below the $115,000 level, risking the loss of the 50-day EMA.Ethereum descends within a rising channel, with bears targeting the $4,000 psychological level. Ripple’s XRP dangles at the $3.00 psychological support amid mounting … [Continue reading]
Australian Dollar weakens as consumer optimism requires more RBA cuts
The Australian Dollar depreciates as consumer optimism requires additional easing to continue.Australia’s Westpac Consumer Confidence jumped 5.7% in August to 98.5, its highest level since February 2022.President Trump has begun preparatory steps for … [Continue reading]
XRP holds steady as investors show resilience despite SEC ETF delay
XRP has declined over 7% since last Thursday, but profit-taking and loss realization have remained muted since.The SEC delayed its decision on Bitwise, Canary, and Grayscale XRP ETF filings.XRP bounced off the 50-day SMA after a brief decline below … [Continue reading]
EUR/USD slides as Dollar gains strength ahead of Fed minutes and Jackson Hole
EUR/USD down 0.30%, pressured by Dollar strength as markets await Fed minutes and Jackson Hole.Quick Ukraine war resolution could stabilize energy markets, support Eurozone growth, and aid Euro.EU data-heavy week ahead: PMIs, inflation, and German … [Continue reading]
Ethereum Price Forecast: ETH eyes another bullish pennant as BitMine treasury blows past $6 billion
Ethereum price today: $4,320BitMine's Ethereum treasury has grown to $6.6 billion after it purchased 373,000 ETH last week.Ethereum investment products also sustained their buying pressure, with record inflows of $2.87 billion.ETH could validate … [Continue reading]