Share: Ethereum worth $16.7 million was sent to crypto exchange FalconX, which could be positioned to sell. Individual investors are also seen depositing ETH to centralized platforms, likely to book profits. Ether currently trades at … [Continue reading]
PEPE price along with gaming crypto tokens rally as GTA 6 trailer leak leads to early release
Share: PEPE price rose by over 4% in the past hour, adding to the 15% increase in the last 24 hours. Gaming tokens such as Axie Infinity, Gala, and The Sandbox have rallied by more than 2% since the trailer's release. Rockstar unveiled the highly … [Continue reading]
US dollar revives at the start of the week, ahead of labor market data
Share: The DXY index surged, trading with gains above the 200-day SMA at 103.70. Growing tensions between Israel and Hamas made investors seek refuge in the USD. Key US economic reports due this week: ISM Services PMI, ADP Employment Change, … [Continue reading]
Mexican Peso plunges against US Dollar as USD/MXN rallies above the 100-day SMA
Share: Mexican Peso trips down against the US Dollar as USD/MXN posts solid gains. Mexico’s economic docket revealed that Gross Fixed Investment printed a monthly decline in September. Money market futures expect the US Federal Reserve to slash … [Continue reading]
Natural Gas price steady as Gaza tensions soar
Share: Natural Gas prices could return to $3 as cold season kicks in for Europe. Natural Gas prices have fallen throughout November. The US Dollar starts to turn after three weeks of continued weakness. Natural Gas (XNG/USD) … [Continue reading]
Spain Unemployment Change: -24.6K (November) vs previous 36.936K
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]
USD/INR loses ground, eyes on Indian Services PMI, RBI rate decision
Share: Indian Rupee gains ground on the softer USD, upbeat Indian growth number. The Reserve Bank of India (RBI) is likely to maintain the status quo on the rate in its policy meeting this week. Market players will monitor the S&P Global India … [Continue reading]
AUD/USD posts modest gain above 0.6670, RBA rate decision, US ISM Services PMI eyed
Share: AUD/USD extends its gain near 0.6672 in early Monday. Market players raise the speculation that the Fed could begin cutting interest rates as early as March 2024. The Reserve Bank of Australia (RBA) is likely to keep cash rates … [Continue reading]
Solana price eyes $70 as founder Anatoly Yakovenko bins narrative that SOL is an Ethereum killer
Share: Solana founder Anatoly Yakovenko has binned the narrative that SOL is an Ethereum killer. He says that while the theory became loud during the past cycle, it should not be used in the coming one. According to the Solana executives, it is … [Continue reading]
Bitcoin price could scrap $40,000 before a bigger dip, key levels to watch
Share: Bitcoin price remains bullish, up almost 60% since mid-September, confirming the “Q4 is the best month for BTC” narrative. BTC could extend to tag the $40,000 psychological level before a bigger dip to give late and sidelined investors buy … [Continue reading]