Gold price consolidates in a range around $2,640 area
Gold remains firm around the $2,640 mark as markets await fresh cues from U.S. economic data and global risk sentiment. The yellow metal’s price steadied after modest gains earlier this week, supported by a weaker U.S. dollar and subdued Treasury yields. However, a lack of significant catalysts has kept the metal within a narrow trading […]
WTI struggles for clear direction, stuck below $68.00 amid market uncertainty
West Texas Intermediate (WTI) Crude Oil prices are finding it difficult to gain any meaningful momentum on Tuesday, oscillating in a narrow range below the $68.00 per barrel mark during the Asian session. WTI has been consolidating its recent losses, touching a two-week low on Monday, as market sentiment remains uncertain amid mixed cues. The recent easing of supply disruption […]
Stocks creeping higher: Signs of exhaustion?
U.S. stocks edged higher on Tuesday, continuing a slow upward trend, though signs of fatigue emerged as trading volumes thinned. The S&P 500 added 0.2%, while the Dow Jones Industrial Average climbed 0.1%. The Nasdaq Composite gained 0.3%, supported by strength in tech stocks, but analysts flagged waning momentum. Investors weighed a mixed bag of […]
Ripple bulls target new all-time high at $3.57 as WisdomTree files for XRP ETF
Ripple’s XRP has drawn renewed attention in the crypto market as WisdomTree’s filing for an XRP-focused ETF fuels optimism. The digital asset surged in trading, with investors anticipating a potential breakout to its all-time high of $3.57, last reached during the 2018 bull run. The ETF filing marks a significant step, reflecting growing institutional interest […]
PBOC sets USD/CNY reference rate at 7.1996 vs. 7.1865 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1996, marking a slight increase from the previous 7.1865. The adjustment signals a potential strategic response to global market dynamics and domestic economic conditions as policymakers maintain a cautious approach to the yuan’s trajectory. This move comes as the Chinese central bank continues […]
Australian Dollar extends decline as Trump tariff concerns linger
The Australian Dollar continued its decline as market sentiment remained clouded by concerns over potential trade disruptions stemming from former U.S. President Donald Trump’s tariff policies. Lingering fears of renewed tariffs on Chinese imports, a major trading partner for Australia, weighed heavily on the currency. Traders are closely watching developments as speculation grows around the […]
EUR/USD backslides into 1.05 as Euro bids remain elusive
The EUR/USD fell below the 1.05 mark in a subdued trading session, reflecting persistent challenges for the euro as buyers remain cautious. A lack of positive drivers for the euro has kept demand weak, even as broader market sentiment stabilizes. Traders continue to assess the Federal Reserve’s stance on monetary tightening, which has lent consistent […]
MicroStrategy added 15.4K Bitcoin for $1.5B as Saylor pitches BTC to Microsoft
MicroStrategy has made a major move in the cryptocurrency market, adding 15,400 Bitcoin to its holdings for a total of $1.5 billion, a significant increase in its Bitcoin portfolio. The latest purchase brings the company’s total Bitcoin holdings to nearly 185,000 BTC, reinforcing its strategy of using Bitcoin as a reserve asset. Despite the volatility […]
Crypto Today: BTC halts at $98K, Microstrategy buys again as XRP, XMR, DASH emerge top gainers
Bitcoin’s rally halted at $98,000, signaling a brief consolidation after its recent surge. Market observers suggest this pause is natural following the cryptocurrency’s aggressive upward momentum. Meanwhile, Microstrategy made headlines again with another major purchase, adding to its already substantial Bitcoin holdings, further emphasizing its bullish stance. While Bitcoin’s movement grabbed attention, altcoins like XRP, […]
Fed’s Bostic: Keeping ‘options open’ for December rate decision
Atlanta Federal Reserve President Raphael Bostic emphasized a cautious approach to upcoming monetary policy, stating the Fed must keep “options open” regarding December’s rate decision. While recent inflation data has shown encouraging signs, Bostic highlighted the importance of monitoring additional economic indicators before committing to any rate moves. Bostic’s comments come amid a backdrop of […]