Share: AAVE price, after crashing by 15% at the beginning of the month, has recovered very little of the losses witnessed. Whale addresses have been noted accumulating AAVE adding $20 million worth of tokens in the last three days. AAVE holders’ … [Continue reading]
SEC wants institutions to prove Bitcoin is not a ‘manipulated’ asset class, as spot BTC ETF decisions delay
Share: With multiple citings of the word 'manipulation' in the SEC's release, experts add this factor to the list of criteria for approval. Nevertheless, considering BTC is an international asset, manipulation may be inevitable if not in the US … [Continue reading]
Litecoin price rallying by 12% could undo the $1 billion worth of damages caused by halving
Share: Litecoin price is currently trading under the key support levels of 50,100 and 200-day EMA. Over 13.36 million LTC lost their profitability to the 12% crash of August 2 after LTC rewards were halved. Retail investors have once again become … [Continue reading]
United States CFTC Oil NC Net Positions: 255.9K vs 241.9K
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/CAD loses ground after hot PPI data from the US
Share: USD/CAD bulls got rejected at the 200-day SMA and retreated near the 1.3420 area, still poised for a weekly gain US PPI rose to 2.4% YoY in July, higher than expected. Higher Oil prices help the CAD trade strong against most of its rivals. … [Continue reading]
Gold Price Forecast: A break of the $1,900 level could trigger a fresh sell-off – ANZ
Share: Gold price fell to $1,920 after rising towards $1,980 in July. Economists at ANZ Bank analyze XAU/USD technical outlook. In a bearish trend The technical chart shows a broad bearish trend is continuing, with Relative Strength Index (RSI) … [Continue reading]
Silver Price Analysis: XAG/USD hangs near one-month low, seems vulnerable to slide further
Share: Silver struggles to gain any meaningful traction for the second straight day on Friday. The technical setup supports prospects for an extension of a multi-week downtrend. Attempted recovery is likely to remain capped near the $23.30 support … [Continue reading]
S&P500 Futures print mild gains, yields pare the biggest daily jump in week as peak rates are in sight
Share: Market sentiment improves amid gradually firming bias about no rate hikes from major central banks. RBA’s Lowe, polls on ECB and RBNZ joins Fed talks to suggest an end of hawkish cycle. Mixed concerns about China, cautious mood ahead of more … [Continue reading]
EUR/USD volatile amid US inflation data release, as US bond yields surged
Share: EUR/USD surged to a weekly high of 1.1065 after the release of the US inflation data. US CPI came softer than expected, spurring traders to slash their bets on further Fed tightening. EUR/USD traders focus on the US PPI release and the … [Continue reading]
Gold Price Forecast: XAU/USD clings to minuscule gains after US inflation report
Share: Gold price surged from its lows of around $1913.02 after US inflation data. The July inflation report revealed a 3.2% YoY rise in CPI, below forecasts and June’s 3%. Core CPI, which strips out volatile items, climbed by 4.7% YoY – a tad … [Continue reading]