Ripple (XRP) and Stellar (XLM) remain under pressure on Tuesday as bearish momentum continues to dominate after correcting nearly 5% and 12%, respectively, in the previous week. XRP and XLM both trade beneath all major Exponential Moving Averages … [Continue reading]
Pound Sterling rides the gilt rout while Westminster wobbles
Cable bottomed at the 1.33 handle in Asian trade and ground higher through London and New York to close back above the 1.34 handle, a session range of roughly 150 pips and a textbook reclaim of the 200-day exponential moving average on the daily … [Continue reading]
Strategy scoops $2B in Bitcoin as Iran launches BTC-backed shipping insurance
Strategy announced that it acquired 24,869 Bitcoin (BTC) for approximately $2.01 billion last week, marking one of its largest purchases in recent weeks.Strategy funds $2 billion Bitcoin purchase through ATM stock offeringsStrategy's latest … [Continue reading]
United States NAHB Housing Market Index above expectations (35) in May: Actual (37)
GBP/USD sets aside five consecutive daily pullbacks and gets ready to challenge the key 1.3400 barrier on Monday. That said, Cable manages to gather steam on the back of the U-turn in the Greenback, which is now supporting the rebound in the … [Continue reading]
British Pound: Downside risk versus US Dollar below 200-DMA – Societe Generale
Societe Generale economists argue that the British Pound (GBP) and Gilts face a pivotal period as the Bank of England (BoE) reacts to persistent inflation and wage pressures, which have slowed the pace of rate cuts and hurt long-end Gilts. They … [Continue reading]
Euro declines as risk aversion, Fed rate hike odds increase
EUR/USD remains subdued for the sixth successive day, trading around 1.1620 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) rises on the US Federal Reserve (Fed) shifting toward a more aggressive policy stance on … [Continue reading]
Gold declines below $4,550 on rising Fed hike expectations
Gold price (XAU/USD) declines to around $4,535 during the early Asian trading hours on Monday. The precious metal remains on the defensive as heightened inflation concerns, due to the conflict in the Middle East, reinforce bets for higher … [Continue reading]
Strategy could begin selling Bitcoin to support $1.5 billion debt buyback
Strategy (MSTR) could begin selling Bitcoin (BTC) to cover its debt repurchase program, the firm stated in a filing to the Securities and Exchange Commission (SEC) on Friday.Strategy reveals plan to repurchase $1.5 billion senior convertible notes … [Continue reading]
Taiwan: Tech exports sustain strong growth – ING
ING analysts see Taiwan’s external demand remaining a key growth driver, led by technology exports. They expect export orders to stay very strong, even as the year-on-year rate moderates. Robust higher-tech product prices are supporting headline … [Continue reading]
Singapore: NODX gains extend on AI cycle – DBS
DBS economists Taimur Baig and Radhika Rao anticipate Singapore’s April 2026 non-oil domestic exports to rise 11.5% year-on-year, marking an eighth consecutive month of expansion after 15.3% in March. The performance is expected to be driven by … [Continue reading]