Cardano founder Charles Hoskinson suggested converting $100 million worth of ADA into stablecoins and Bitcoin.The capital reallocation strategy aims to boost Cardano's DeFi ecosystem.ADA declined by over 4% in the past 24 hours and is now eyeing … [Continue reading]
USD/CHF Price Forecast: Posts weekly loss, despite Friday rebound to 0.8100
USD/CHF closes Friday up 0.04%, but logs 1.37% weekly drop to 1-month low at 0.8054.Bearish structure persists: lower highs/lows and weak RSI signal continued downside momentum.Key support lies at 0.8054 and 0.8038; breach may expose psychological … [Continue reading]
Oil Price Forecast: WTI rallies to $74 before settling above $72
WTI Oil surges above $72 as Israel-Iran tensions trigger a breakout.Gains for June are near 20%, pushing prices above key Fibonacci levels from longer-term moves.The 12-month moving average provides additional support below $70.WTI crude oil is … [Continue reading]
Canadian Dollar continues to ride Greenback weakness to new highs
The Canadian Dollar found more gains off the back of US Dollar selling pressure.A lack of meaningful Canadian economic data means Loonie gains are at the mercy of market flows.Middle East geopolitical tensions are back on the rise, keeping risk … [Continue reading]
Dow Jones Industrial Average falls into the red amid rising Middle East tensions
The Dow Jones fell around 1,000 points from the previous day’s close on Friday.Israel launched a surprise round of attacks on Iran late Thursday.The attacks, amid an already-tense Middle East, have erased the week’s gains on the Dow.The Dow Jones … [Continue reading]
EUR/USD retreats as Israel-Iran conflict jolts markets, ends 4-day rally
Euro hit hard despite stable EU inflation data as geopolitical tensions boost US Dollar.Israel’s strike on Iran triggers safe-haven flows into the Dollar; EUR/USD drops from 1.16 to 1.1488 intraday.Tehran cancels nuclear talks; risk sentiment … [Continue reading]
AUD/USD retreats as geopolitical risks increase, limiting US Dollar weakness
The AUD/USD falls on rising geopolitical risks and a lack of fresh fundamental drivers in Australia. The US Dollar gains after Israel attacks Iran's nuclear facilities, impacting demand for the Australian Dollar.The pair continues to be … [Continue reading]
Ethereum Price Forecast: ETH maintains downtrend despite SharpLink’s $463 million purchase
SharpLink announced it purchased 176,270.69 ETH for a total of $462.9 million.The company has become the largest public company holding ETH, with 95% of its reserves deployed into staking.Ethereum could fall to $2,260 if it fails to hold the lower … [Continue reading]
USD/JPY recovers above 144.00 on Israel-Iran tensions, cautious BoJ
USD/JPY trades above 144.00 as safe-haven flows boost the US Dollar amid rising Middle East tensions.BoJ is expected to hold rates steady, limiting support for the Yen despite earlier hawkish signals from Governor Ueda.Japan and the US prepare to … [Continue reading]
Gold surges past $3,400 on Israel-Iran war risk, soft US inflation boosts safe-haven demand
Bullion rallies to five-week high amid geopolitical tension and dovish Fed outlookIsrael strikes Iran, fueling fears of broader war and driving flight to safety into Gold.XAU/USD hits $3,446 before easing on profit-taking; eyes next week’s Fed … [Continue reading]