EUR/USD sinks again, taps new 16-week bottom
The EUR/USD pair fell to a fresh 16-week low, continuing its downward trajectory as concerns over Europe’s economic outlook weigh on the euro. The pair’s slide underscores persistent pressure on the single currency, driven by weak growth data and dovish signals from the European Central Bank (ECB). The euro has been struggling to gain traction […]
Could memecoins and altcoins fuel Bitcoin’s next rally?
As Bitcoin prepares for a potential surge, many in the market are wondering if the rise of memecoins and altcoins could play a pivotal role in driving the next cryptocurrency wave. While Bitcoin has historically led market rallies, there’s growing speculation that smaller, highly volatile coins such as Dogecoin and other altcoins could help push […]
XRP dips 3% as Ripple co-founder misses key deadline in the SEC lawsuit
XRP dipped 3% on Thursday, reacting to the news that Ripple’s co-founder missed a key deadline in the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The latest development in the high-profile lawsuit has sparked concerns among investors, contributing to the cryptocurrency’s sharp decline. The case, which has been a significant overhang […]
GBP/USD skids into new ten-week low ahead of global PMI prints
The GBP/USD pair dropped to a fresh 10-week low, pressured by a stronger U.S. dollar and concerns over the U.K.’s economic outlook. As traders gear up for the release of global PMI data, the British pound continues to face headwinds, reflecting investor uncertainty about slowing growth in the U.K. and potential shifts in global economic […]
Stocks rally on strong earnings, treasuries gain amid investor optimism
Global stocks rose on Thursday as positive corporate earnings reports fueled investor confidence across major sectors. Stronger-than-expected earnings in technology, financial, and industrial companies lifted market sentiment, helping the markets recover from recent volatility. Optimism grew as key firms exceeded expectations for revenue and profitability, easing concerns that rising interest rates and inflation might drag […]
Gold drop as US yields rise, markets await Retail Sales data
Gold prices dropped on Thursday, pressured by rising U.S. Treasury yields as investors brace for the release of crucial U.S. Retail Sales data. The increased yields have made non-yielding assets like gold less attractive, pushing the precious metal lower in early trading. The rise in U.S. yields reflects growing expectations that the Federal Reserve could […]
WTI trades with positive bias around mid-$71.00s, just below over one-week top
West Texas Intermediate (WTI) crude oil trades with a positive bias around the mid-$71.00s, remaining close to a fresh one-week high as market sentiment leans cautiously optimistic. After a recent uptick, WTI has managed to sustain its gains, though upward momentum remains capped by mixed signals in the global energy market. Several factors have contributed […]
Crude Oil falls flat with weekly EIA numbers as gamechanger
Crude oil prices remained flat on Thursday as the latest weekly U.S. Energy Information Administration (EIA) report failed to deliver the anticipated market-shifting data. Traders had been looking to the report for signs of tighter supply or unexpected demand fluctuations, but the figures provided little momentum for price movements. The EIA’s inventory data showed a […]
Crude Oil falls flat with weekly EIA numbers as gamechanger
Crude oil prices remained flat on Thursday following the release of the weekly U.S. Energy Information Administration (EIA) report, which showed little impact on market sentiment. Despite expectations that the data could act as a game-changer for oil traders, the report offered no major surprises, leaving prices largely unchanged. The EIA report showed a slight […]
Bitcoin startup Satflow targets mempool sniping in new rival to Magic Eden’s token-trading platform
Satflow, a new player in the Bitcoin space, has introduced a token-trading platform designed to combat the growing issue of mempool sniping, a practice where traders exploit transaction delays to gain an unfair advantage. This new platform seeks to rival Magic Eden, one of the top NFT and token-trading platforms, by offering faster and more […]