Bloomberg analysts James Seyffart and Eric Balchunas raised the odds of approval on several altcoin ETF filings above 90%.The boost in odds follows a positive shift in the SEC's tone concerning crypto ETFs in recent weeks.The analysts increased their … [Continue reading]
Ethereum Price Forecast: ETH drops briefly toward $2,400 as Middle East war tension lingers
Ethereum price today: $2,420Ethereum recorded a slight selling pressure, with 72,000 ETH exchange inflows on Friday, marking four consecutive days of net inflows totaling 285,000 ETH.Despite prices being subdued by Middle East war tensions in the … [Continue reading]
EUR/USD jumps as Trump holds fire on Iran, Waller fuels cut bets
EUR/USD up 0.36%, set to end week flat after Trump delays military action against Iran.Waller’s call for a July cut contrasts with Fed report and Barkin’s cautious stance.EU–US trade deal in jeopardy as July 9 deadline nears, capping upside … [Continue reading]
Gold drops as Trump pulls back from Iran strike as hostilities continue
Gold trades flat near $3,369, on track for a weekly loss of nearly 1.90%.Trump backs off immediate Iran action, boosting risk sentiment and denting safe-haven demand.Fed officials split on rate outlook; Waller eyes July cut, Barkin stays … [Continue reading]
Banxico seen cutting rates to 8% despite sticky inflation – Reuters poll
21 of 26 economists forecast Banxico will cut rates from 8.50% to 8.00% next week.Deputy Governor Heath signals caution, favoring a pause to assess data.Majority see easing pace slowing, with rates likely at 7.50% by Q3 2025.Banco de México (Banxico) … [Continue reading]
GBP/JPY Price Forecast: Extends rally to 196.60, eyes on 197.00
GBP/JPY up 0.43%, on track for weekly gain over 0.40% amid resilient buyer momentum.Pair nears June 17 high at 196.83; close above 197.00 could open path to 198.00.RSI remains bullish; downside risks emerge below 195.29 Tenkan-sen support.The GBP/JPY … [Continue reading]
Dow Jones Industrial Average settles in late-week lull as key US data looms ahead
The Dow Jones treaded water on Friday following a late-week holiday closure.Major equity indexes are awaiting key US economic data next week.Fed rate cut expectations are creeping back to the forefront.The Dow Jones Industrial Average (DJIA) held … [Continue reading]
TRON flips Dogecoin in market cap following stablecoin bill progress
TRON's TRX has surpassed Dogecoin to become the eighth-largest cryptocurrency, with a market cap of $25.7 billion.The growth is likely boosted by progress in US stablecoin legislation, with TRON as the second-largest blockchain in terms of stablecoin … [Continue reading]
WTI Oil retreats as Middle East tensions ease, Trump holds back military move
WTI crude pulls back after topping $75.54 on Thursday, pressured by easing geopolitical risk.Geneva talks between Iran and EU diplomats signal diplomatic momentum, cooling Strait of Hormuz fears.Trump delays decision on direct US involvement, … [Continue reading]
Forecasting the upcoming week: Key US data, geopolitical headlines to dominate the markets
This week saw the return of the US Dollar’s (USD) safe-haven momentum in markets. Following a brief period where the Greenback performed similarly to a regular alpha-adjusted asset, thanks to some sharp readjustments to market expectations for … [Continue reading]