BSV – ready for another dump or sneaky reversal? While majors steal the spotlight, BSV has been sliding after recent headlines about tightening scrutiny on older fork projects, and the market clearly lost interest for now. Volume dried up on the way down, then spiked as price stabbed below that big orange demand block on…
The GBPUSD is racing to the upside with the price up nearly 1% on the day. Today it was the Bank of England’s turn. Yesterday was the Fed’s turn, and each central bank led to buying in their respective currencies. Yesterday the USD benefited. Today the GBP is benefiting. In summary, the Bank of England…
The USDJPY is trading lower and is now pressing into a critical technical zone, where the 200-hour moving average and a rising channel trendline converge near 158.88. This area is shaping up to be a key short-term barometer for both buyers and sellers, with price action here likely to dictate the next directional move. The…
The USD is mixed but modestly lower against the major pairs, with gains in EURUSD, USDJPY, and GBPUSD, while the greenback is firmer vs CHF and flat vs CAD. It is also softer against AUD and NZD, even as US equity futures point lower. US yields are pushing higher, with the 10-year at 4.29% (near…
Market Overview The crypto market cap has fallen to $2.42 trillion, under pressure from sellers alongside risk assets, as the Fed pushes the next rate cut further into the future, boosting the dollar’s appeal. The decline also coincided with the upper boundary of the corrective rebound being touched. It is possible that cryptocurrencies were simply…
BTC falls back from 76k to test 70k The prospect of higher-for-longer interest rates weighs on markets Rising Treasury yields tighten liquidity Soaring oil prices increase inflation worries BTC Technical Analysis has fallen sharply from its weekly high of $76K after the Federal Reserve left unchanged, as expected, but signalled a more cautious approach to…
The USDJPY is ticking up to new highs as yields move higher after the FOMC rate decision and comments Overall, Powell leaned mildly hawkish — not aggressively so, but the weight of his comments tilted that way. The key tells: The hawkish core was his refusal to commit to cuts without inflation progress, the dot…
PayPal rolls out its PayPal USD stablecoin to 70 markets in one night. Now, millions of people can get instant access to the PYUSD stablecoin. PayPal USD is now available to users in 70 markets around the world. This is one of the most expansive global rollouts of a stablecoin by a major fintech company….
The USD is little changed as markets grow increasingly comfortable with developments in the Middle East. At the same time, attention is shifting toward a heavy slate of central bank decisions, highlighted by today’s Fed announcement. As North American traders enter, the dollar is mixed against the major currency pairs, with price action—rather than direction—telling…
Crypto market capitalisation increased by a further 2.7% in the last 24 hours, reaching $2.54 trillion. At its peak earlier in the day, the market climbed to $2.58 trillion, its highest since early February. This indicates a period of consolidation above the 50-day moving average, an attempt to break free from the correction pattern following…
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