Share: Algorand price emerged as one of the slowest recovering assets in the last quarter, noting a consistent decline since February. At the moment, more than 97% of the addresses are facing losses majority of whose supply resides in the $0.94 to … [Continue reading]
USD/MXN slumps below 17.2000 as Mexican inflation cools down, US NFP disappoints
Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines … [Continue reading]
S&P 500 bears are moving in but on the front side of bull trend
Share: US stocks slammed into the close and erode the NFP knee-jerk rally. Investors rethink the US data this week and the hawkish sentiment is a dark cloud over Wall Street. The S&P 500 (US500) index fell on Friday … [Continue reading]
Shiba Inu holders increase a thousandfold after SHIB lead developer hints at Layer-2 Shibarium launch
Share: The number of SHIB holders has increased by 2,828 over the last 24 hours, CryptEye data shows. The surge comes after the meme coin’s lead developer hinted at a possible launch date for the L2 Shibarium. The announcement has revitalized buyer … [Continue reading]
AUD/USD surrenders gains as USD Index rebounds despite downbeat US NFP report
Share: AUD/USD has capitulated gains generated after the release of weaker-than-expected US NFP data. S&P500 is expected to open on a subdued note as investors are cautious ahead of second-quarter result season. The Australian Dollar could show … [Continue reading]
Pound Sterling freezes as higher borrowing costs weigh domestic housing sector
Share: Pound Sterling has turned back and forth around 1.2740 ahead of key employment data. Households in the United Kingdom are facing a burden as stubborn inflation bites individuals’ pockets. Market participants are anticipating that interest … [Continue reading]
USD/CAD sits near multi-week top, above mid-1.3300s as traders await US/Canadian jobs data
Share: USD/CAD consolidates its recent strong gains to the highest level since June 13. Bullish Oil prices underpins the Loonie and caps the upside amid a softer USD. Bets for more Fed rate hikes act as a tailwind ahead of US/Canadian jobs data. … [Continue reading]
USD/CAD Price Analysis: Loonie bulls need validation from 1.3390 and US/Canada employment data
Share: USD/CAD grinds near three-week high as key US, Canada data looms, clings to 50-EMA hurdle. Bullish MACD signals, upbeat RSI favors Loonie pair buyers to cross immediate EMA resistance but 200-EMA can prod the bulls. Four-month-old descending … [Continue reading]
NZD/USD slides towards 0.6155 following strong US data
Share: After jumping to a high of 0.6218, the NZD/USD retreated to 0.6155 as bulls struggle to gain momentum. ADP and ISM Services PMI came in above expectations. Hawkish bets on the Federal Reserve made the 2-year yield jump to their highest level … [Continue reading]
United States EIA Crude Oil Stocks Change increased to -1.508M in June 30 from previous -9.603M
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]