The White House announced early Tuesday that US President Donald Trump signed a proclamation adjusting imports of timber, lumber and derivative products into the United States (US).Additional detailsNew tariffs on wood and lumber products from Oct. … [Continue reading]
Ethereum Price Forecast: ETH continues recovery as BitMine stash surpasses $11 billion
Ethereum price today: $4,180BitMine grows its holdings to 2.65 million ETH, continuing its accumulation of the top altcoin.The purchase comes after it raised over $365 million from an institutional investor last week.ETH faces another test at a key … [Continue reading]
Gold rallies to record highs above $3,800 as US shutdown fears grow
Gold rallies to fresh record highs above $3,800 as bullish momentum extends.A weaker USD and softer Treasury yields keep downside cushioned, while geopolitical tensions and US government shutdown risk add to safe-haven flows.Light US calendar on … [Continue reading]
SWIFT joins hands with Consensys to power real-time blockchain-based cross-border payments
SWIFT has announced plans to develop a blockchain-based ledger in collaboration with Consensys.The blockchain-based ledger will support real-time 24/7 cross-border payments while ensuring security and trust.The initiative will start with a … [Continue reading]
Forex Today: Gold climbs above $3,800, US Dollar retreats
Here is what you need to know on Monday, September 29:The US Dollar (USD) starts the week on the back foot, pressured by the heightened risk of a US government shutdown. Meanwhile, Gold continues to push higher following the previous week's … [Continue reading]
Australian Dollar receives support as traders expect RBA to keep rates unchanged
Australian Dollar advances as RBA is widely expected to keep its interest rates unchanged on Tuesday.Australia posted a budget deficit of nearly A$10 billion, well below the Treasury’s forecast of A$27.9 billion.The US Dollar declined after August … [Continue reading]
USD/JPY softens to near 149.50 as US PCE data reinforces Fed dovish bets
USD/JPY edges lower to near 149.50 in Monday’s early Asian session. US core PCE inflation steadied at 2.9% YoY in August as expected. Expectations that the BoJ might delay rate hikes could undermine the Japanese Yen. The USD/JPY … [Continue reading]
Ethereum Price Forecast: ETH investors book $800 million in profits as open interest declines
Ethereum investors have realized over $800 million in profits on Friday.Ethereum's open interest has declined considerably after two days of heavy liquidations.ETH is attempting to recover the $4,000 level after bouncing off the 100-day SMA.Ethereum … [Continue reading]
SWIFT allegedly partners with big banks to test on-chain transactions using Linea
SWIFT is reportedly testing on-chain payments and messaging using Layer-2 network Linea.The project involves over a dozen major global institutions that are actively participating in the testing.Linea was selected for its ZK rollup technology, … [Continue reading]
EUR/USD rebounds as Fed rate cut bets strengthen after PCE
Core PCE inflation remains under 3%, boosting the probability of Fed rate cuts to nearly 90% into year-end.Dovish Fed voices highlight a fragile labor market, and Barkin warns that inflation and unemployment trends remain concerning.Euro steadies … [Continue reading]