Share: USD/CAD testing into the 1.3450 level after cycling on Monday. The US Dollar is broadly higher, but the CAD is catching a late-day bump in crude oil prices. Economic calendar is mostly devoid of CAD data, leaving things open for US GDP … [Continue reading]
European equities slide to fresh lows, FTSE closes down 60 points into £7,624
Share: European equities broadly moved lower on Monday, testing into new lows for the month. FTSE, CAC40 lose 60 points apiece, DAX tumbles 151 points. Rising yields, economic concerns weighing European equities down. European stock … [Continue reading]
ECB’s Schnabel: There is not yet an all-clear for the inflation problem
Share: "The current, unusual contraction in monetary aggregates is unlikely to foreshadow a deep recession but rather reflects a significant rebalancing of portfolios after a long period of low interest rates," European Central Bank (ECB) … [Continue reading]
Japan’s PM Kishida: To instruct ministers to compile economic package on Tuesday
Share: Japanese Prime Minister (PM) Fumio Kishida said on Monday that he will instruct ministers to compile an economic package on Tuesday. Additional quotes Aim to move from cost cut-led economy to one with active investments. Economic package … [Continue reading]
EUR/GBP trades higher near 0.8700 to extend gains, focus on ECB Lagarde’s speech
Share: EUR/GBP looks to gain ground above 0.8700 psychological level. Eurozone PMI data provided support for the Euro. BoE’s surprise decision to pause its rate hike cycle has undermined the Pound Sterling (GBP). EUR/GBP continues the winning … [Continue reading]
ECB’s Villeroy: Patience is more important than raising rates further
Share: Bank of France President Francois Villeroy de Galhau spoke in a weekend interview that he is in no rush to raise rates further after hiking to 4.00% last week, according to Bloomberg. Key quotes “From today’s perspective, patience is more … [Continue reading]
Worldcoin Price Prediction: Is WLD done with uptrend after 77% rally?
Share: Worldcoin price currently trades at $1.57 after reaching a local top of $1.72. Investors can expect WLD to pull back to $1.33 before triggering its next bullish leg. Invalidation of the bullish thesis will occur on the September 18 … [Continue reading]
Ethereum whales prepare ahead of futures Ethereum ETF approval on October 2
Share: Ethereum options’ open interest hit an all-time high on CME, suggesting interest from traditional investors. This move comes ahead of a potential approval of futures ETH ETF on October 2. The whale transaction metric also shows a spike … [Continue reading]
Ripple Price Forecast: Declining network growth and underwater XRP holders suggest more downside for XRP price
Share: XRP price trades at $0.511 after dropping 6% in the last month. The disinclination towards buying can be noticed in declining network growth spurts. Holders selling their tokens at a loss, suggesting that investors are not bullish on the … [Continue reading]
Chainlink Price Prediction: LINK bears set to wipe 25% gains
Share: Chainlink price rallied 25% between September 11 and 23 to create a local top at $7.235. The rally that originated due to the bullish divergence is at an end and hints at a reversal. Investors can expect LINK bears to trigger an 8% … [Continue reading]