October WTI crude tumbled 0.77% to close at a two-week low as weekly EIA crude inventories unexpectedly built 2.4 million barrels against forecasts of a 1.9 million barrel draw. The inventory surprise comes amid growing concerns that OPEC+ production increases could create a global oil supply glut just as economic data signals weakening energy demand. ...
Article
In Forex
Bitcoin Market Outlook: Gap With Gold and Stocks Sparks Anticipation of a Rally
Bitcoin (BTC) has held critical support above $110,000 despite ongoing macroeconomic jitters and daily ETF outflows, as weekly spot ETF inflows of $250 million help stabilize the market. BTC’s performance this week has sparked debate among investors, as it continues to lag behind gold and the S&P 500, prompting speculation about whether cryptocurrency could “catch...
Article
In Forex
Token Maintains $2.88 Amid ETF-Driven Momentum Toward $3.00
XRP rallied 2.4% to $2.8783 as optimism surrounding crypto ETFs builds, with traders closely eyeing the critical $3.00 resistance level. The surge comes amid speculation that a DOGE-spot ETF launch could signal a potential shift in the SEC’s regulatory framework, sparking hopes that an XRP-spot ETF may soon gain approval. While XRP has lagged behind...
Article
In Forex
EUR/USD Alert: Bullish Momentum Ahead of ECB and US CPI Releases
The EUR/USD exchange rate has surged to a multi-week high of 1.1760, reflecting a bullish sentiment among traders in the wake of disappointing US nonfarm payrolls (NFP) data. Since hitting its lowest point earlier this year, the pair has gained approximately 15%, and it now hovers near the year-to-date high of 1.1828, signaling strong upside...
Article
In Forex
EUR/USD Alert: Bullish Momentum Ahead of ECB and US CPI Releases
The EUR/USD exchange rate has surged to a multi-week high of 1.1760, reflecting a bullish sentiment among traders in the wake of disappointing US nonfarm payrolls (NFP) data. Since hitting its lowest point earlier this year, the pair has gained approximately 15%, and it now hovers near the year-to-date high of 1.1828, signaling strong upside...
Article
In Financial
GBP/USD Alert: Bullish Momentum Builds as Fed Cut Expectations Grow
The GBP/USD exchange rate has shown a modest but meaningful rebound in recent trading sessions, rising to 1.3500 from this month’s low of 1.3335, following the release of surprisingly weak US employment data. The move reflects growing market expectations that the Federal Reserve (Fed) may announce an interest rate cut in the upcoming monetary policy...
Article
BTC/USD Alert: Bitcoin Faces Selling Pressure Despite ETF Inflows
Bitcoin (BTC) has shown mixed performance over the past few days, with the BTC/USD pair largely stuck in a narrow trading range. Currently, BTC/USD is hovering around $111,200, remaining slightly above this month’s low of $107,337, highlighting a temporary consolidation after recent volatility. Despite substantial spot Bitcoin ETF inflows, the digital asset’s price momentum has...
Article
In Forex
Pound/Dollar Holds near 1.3500 as Bullish Sentiment Persists
The GBP/USD currency pair continues to trade in negative territory near 1.3500 during Monday’s early European session, reflecting a modest retracement after recent gains. This mild decline is largely attributed to a rebound in the US Dollar (USD), as traders reacted to a combination of profit-taking and technical resistance levels. This well-prepared article from BluSkyMint’s...
Article
In Financial
GBP/JPY Pulls Back from July 2024 highs, Slipping Below 200.00
The GBP/JPY cross opened the new trading week with a bullish gap, climbing to its highest level since July 2024, around the 200.35 region during the Asian session. Despite this early surge, spot prices retreated slightly from the daily peak, currently hovering near the 200.00 psychological level, yet still maintaining intraday gains of over 0.40%. ...
Article
In Financial
EUR/GBP Holds Around 0.8700 Amid Political Uncertainty in France
The EUR/GBP currency pair held steady near the 0.8700 mark during Monday’s Asian trading session, trading around 0.8680. The pair’s resilience comes amid rising political uncertainty in France and ongoing global geopolitical tensions, with investors weighing risks ahead of the upcoming European Central Bank (ECB) meeting. Market participants remain cautious as developments in both France...
