Ripple’s XRP breaks out of downtrend as RLUSD receives greenlight from New York regulators
Ripple’s XRP token saw a significant price surge this week, breaking out of its downtrend following the announcement that its sister project, RLUSD, has been granted approval by New York regulators. The approval marks a crucial step forward for Ripple’s broader strategy, as it continues to expand its foothold in the U.S. cryptocurrency market. Investors […]
Asian Stocks Muted, Dollar Weakens Ahead of US CPI: Markets Wrap
Asian stocks showed little movement on Monday as investors braced for a pivotal week of economic data, particularly the release of U.S. CPI figures, which could offer fresh insights into the Federal Reserve’s policy path. The U.S. dollar softened, reflecting caution ahead of the inflation data, while government bond yields held steady. Trading in key […]
World governments need to curb spending or risk being ‘too late’ when markets panic, BIS warns
The Bank for International Settlements (BIS) has issued a stark warning to world governments, urging fiscal discipline to prevent destabilizing financial markets. According to the BIS, unchecked spending could erode investor confidence and trigger sudden market shocks, leaving policymakers “too late” to react effectively. The warning comes as global debt levels soar amid inflationary pressures […]
Gold Holds Advance as Traders Count Down to US Inflation Figures
Gold prices remained firm in anticipation of the latest US inflation figures, with investors carefully weighing the data’s potential influence on Federal Reserve policy. The precious metal traded within a tight range, reflecting caution among traders amid uncertain market conditions. Analysts have noted that gold’s resilience underscores its appeal as a hedge against inflation and […]
WTI remains capped below $68.50 on disappointing Chinese data, surprise climb in crude inventories
West Texas Intermediate (WTI) crude oil remains under pressure, trading below $68.50 as market sentiment sours over weak Chinese economic data and an unexpected rise in U.S. crude inventories. Investors are grappling with concerns that slowing demand in China, the world’s second-largest oil consumer, could further weigh on prices. Adding to bearish momentum, the latest […]
Why Trump’s Strategic Bitcoin Reserve just got critical to hit $300K
A controversial move to establish a strategic Bitcoin reserve under former President Donald Trump has sparked debate among analysts, with some speculating it could drive Bitcoin’s price to $300,000. The proposal, initially dismissed as improbable, has gained traction in light of increasing global interest in cryptocurrency as a hedge against traditional economic risks. The reserve, […]
EUR/USD retests 1.05 ahead of US CPI inflation, ECB rate call in the barrel
The EUR/USD pair steadied near the 1.05 mark as traders awaited critical US inflation data and the European Central Bank’s upcoming policy decision. This level, a key support area, reflects cautious optimism amid broader market uncertainty about monetary policy trajectories. The US CPI report, expected to highlight inflationary pressures, could reshape expectations around the Federal […]
