Solana price extends gains on Wednesday after rebounding at the one-month rising trendline around $164.50 on Tuesday. Investors could accumulate SOL at support levels extending between $160.02 and $144.48. A daily candlestick close below $137.58 … [Continue reading]
Gold price remains stuck in a familiar range around 50-day SMA
Gold price manages to hold its neck above a multi-week low touched on Monday. Fed rate cut bets cap the attempted USD recovery and lend support to the metal. Traders now look to the US ADP report and ISM Services PMI for a fresh impetus. Gold price … [Continue reading]
UNI soars nearly 23% following cryptic social media post
UNI posted a 23% gain as investors await a potential bullish announcement from its mystery social media post. UNI had earlier suffered a decline after postponing its fee mechanism vote. UNI could see a correction following increased exchange net … [Continue reading]
Dow Jones Industrial Average struggles to find firm bids on Tuesday, rate cut hopes recede
Dow Jones treads water near 38,550.00 after US data comes in mixed. US Factory Orders activity rises, but with steep revisions. First batch of labor figures comes in softer ahead of Friday’s NFP print. The Dow Jones Industrial Average (DJIA) is … [Continue reading]
USD/JPY retreats to 155.00 on safe-haven demand and BoJ rumors
USD/JPY pulls back after markets’ risk-off tone generates safe-haven demand, benefiting the Yen. The BoJ might be considering reducing bond purchases at its June meeting according to rumors reported by Bloomberg. Such a move would raise … [Continue reading]
WTI extends its losing streak as OPEC+ communicates ease in Oil production cuts
The Oil price fell to $72.50 as OPEC+ plans to shore up the market. Weak US factory PMI raise concerns over the Oil demand outlook. Investors await the US NFP data for fresh guidance. West Texas Intermediate (WTI), futures on NYMEX, fall … [Continue reading]
USD/INR gathers strength, all eyes on 2024 India’s election results
Most recent article: Stock Market Today: Nifty tanks 4%, with India’s election vote count underway Indian Rupee trades with negative bias on Tuesday. The uncertainty surrounding India's general election results and key US data … [Continue reading]
WTI drops below $74.00 as OPEC+ plans to ease Oil production cuts
WTI price lost ground as OPEC+ intends to phase out production cuts of 2.2 million barrels per day over 2025. The US is purchasing an additional 3 million barrels of Oil for the country's Strategic Petroleum Reserve. Oil prices may struggle further … [Continue reading]
Mexican Peso sinks as investors fear Morena’s congressional majority
Mexican Peso falls sharply after Dr. Claudia Sheinbaum’s victory and Morena’s majority in Congress. Concerns rise over potential constitutional changes and market stability, impacting investor sentiment toward the Peso. Sheinbaum pledges to maintain … [Continue reading]
Gold rebounds after US Manufacturing ISM data shows contraction in May
Gold recovers from three-week lows after negative US ISM Manufacturing data and fall in US yields. Asian demand and cooling inflation expectations further support Gold's bounce. Technicals remain bearish after a breakout from a Bear … [Continue reading]