Share: Optimism price marked fresh 2023 highs before the year ends with a 37% rise in 24 hours. The rally resulted in the liquidation of $4 million worth of shorts contracts. Optimism onboarded the first layer-2 chain Lisk to its Superchain … [Continue reading]
XRP price notes sideways momentum as bullishness declines despite downtrend breakout
Share: XRP price flipped the 50-day EMA into a support line, however, the altcoin is expected to consolidate. SEC Chair Gary Gensler took a jibe at the crypto market on Wednesday, stating there is a lot of noncompliance in the space. Ripple CEO … [Continue reading]
BlackRock plans to seed its spot Bitcoin ETF with $10 million; could launch shortly after approval
Share: BlackRock, according to a new prospectus, seems to be seeding the spot Bitcoin ETF with $10 million. The expected seeding set for January 3 is 100 times larger than the October seeding of $100,000. BlackRock submitted an updated filing on … [Continue reading]
Polkadot Price Prediction: DOT likely to crash 10% with history likely on repeat mode
Share: Polkadot price breached the $7.396 level, which has historically proved to be formidable, going back to 2022. DOT could drop 10% amid selling pressure due to the aforementioned level, potentially revisiting the $7.000 psychological level. … [Continue reading]
Mexican Peso taps multi-month high in faltering broad-market Greenback selloff
Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh … [Continue reading]
Mexican Peso taps multi-month high in broad-market Greenback selloff
Share: The Mexican Peso hit a 15-week high against the US Dollar on Friday. Mexico’s unadjusted Trade Balance hit a nine-month high in November. Friday marks the last trading day before the holiday break. The Mexican Peso (MXN) rallied to a fresh … [Continue reading]
AUD/USD extends its rally beyond 0.6800 awaiting US PCE data
Share: The Aussie rallies further on USD weakness and hits fresh highs above 0.6800. The US Dollar languishes at multi-month lows ahead of the US PCE Inflation data. The Aussie will be one of the best performers in 2024 – ING. The Australian … [Continue reading]
USD/INR: Forecast at 83.50 by 1Q2024 and 82.00 by end-2024 – MUFG
Share: Economists at MUFG Bank are cautious on INR in the near-term, but see scope for USD/INR to fall over the longer-term Cautious near-term before bond index inclusion flows kick in We remain cautious on INR in the near-term and forecast USD/INR … [Continue reading]
USD/INR trades flat ahead of US PCE data
Share: Indian Rupee trades around a flatline amid the USD weakness. Upbeat Indian growth prospects and substantial foreign investor equity inflows might cap the INR’s downside. The release of the US Core Personal Consumption Expenditure Price Index … [Continue reading]
AUD/USD gains ground above 0.6800, US PCE data eyed
Share: AUD/USD holds above 0.6800 amid the USD weakness. US Q3 GDP grew at a 4.9% annualized rate, missing the expectation of 5.2%. The RBA indicated in its December minutes that there are upside risks of inflation, and the policy setting … [Continue reading]