Societe Generale strategist Kiyong Seong turns tactically constructive on USD/KRW, arguing that recent Won strength has been driven by late-stage flow factors rather than fundamentals. Seong favors building long USD/KRW positions with a 1,470 target … [Continue reading]
XRP nears key support despite multi-signature upgrade proposal
Ripple (XRP) remains pressured, trading below $1.05 at the time of writing on Thursday. The token has declined for the fourth consecutive day this week, reflecting lethargic sentiment in the broader cryptocurrency market despite the possibility of … [Continue reading]
Crypto Today: Bitcoin and Ethereum gain ground as XRP extends decline amid potential Iran-Oman deal
The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between … [Continue reading]
Euro: Upside bias needs close above resistance against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD extended modest gains to close at 1.1551, with mild upward momentum still intact. Intraday, the pair may test 1.1565, though a move to 1.1600 is seen as unlikely … [Continue reading]
Canadian Dollar remains on the front foot vs USD as oil rebounds and Fed hike bets fade
The USD/CAD pair remains on the back foot during the Asian session on Thursday, with bears now awaiting a break below the 1.4000 psychological mark before positioning for an extension of the previous day's pullback from a one-week top.Crude oil … [Continue reading]
Hashdex Bitcoin ETF to shut down following low liquidity
Hashdex Asset Management stated on Wednesday that it will liquidate and close the Hashdex Bitcoin ETF (DEFI), due to low assets under management, limited liquidity and operating costs.Hashdex to shut down DEFI amid low trading liquidity and investor … [Continue reading]
Dow Jones Industrial Average takes another record on Tehran’s terms
The Dow Jones Industrial Average trades near 54,500 on Wednesday, 0.76% higher and at a fresh record, roughly 1,400 points above the high it set in early July. The bid rests on the Strait of Hormuz reopening within days, after Washington called off a … [Continue reading]
Ripple Price Forecast: XRP bears eye $1.00 as institutional, retail demand fades
Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the … [Continue reading]
Equities: Global risk rally extends on softer inflation – Deutsche Bank
Deutsche Bank strategists highlight a broad-based rally in global equities as lower Oil prices, easing inflation expectations and resilient US data support risk appetite. The S&P 500 and major European indices hit or approached record highs, … [Continue reading]
RBI expected to hold interest rates steady amid inflation risks, data-dependent approach
The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), another meeting coming at a time when uncertainty remains high over the duration and economic fallout of the ongoing … [Continue reading]