Bitcoin’s price momentum continues to fuel institutional interest as exchange-traded funds (ETFs) and corporate entities ramp up their exposure. CoinShares’ latest weekly report revealed a notable $867 million in net inflows into Bitcoin ETFs, driving total cumulative inflows to $69.2 billion — a new record since their January debut. Meanwhile, Strategy, a prominent business intelligence...
Category: Trading
Gold Price Recovers as Investors Brace for US CPI Data
The Gold price (XAU/USD) has staged a mild recovery in early European trading on Tuesday, climbing to around $3,255. This rebound follows a volatile session as investor sentiment adjusts to fresh geopolitical developments, the temporary de-escalation in US-China trade tensions, and the highly anticipated release of the US April Consumer Price Index (CPI) report due...
USD/CHF Drops Below 0.8450 as US Dollar Struggles Ahead of Inflation Data
The USD/CHF currency pair slipped below the 0.8450 level during the early Asian session on Tuesday, as the US Dollar (USD) weakened against the Swiss Franc (CHF). The movement marks a notable pullback after the pair posted over 2% gains in the previous trading session. This downward correction is largely viewed as a technical retracement...
USD/INR Gathers Strength Ahead of US CPI Data
The USD/INR pair is showing renewed strength in early Tuesday trading as market sentiment pivots around two major macroeconomic catalysts: the US Consumer Price Index (CPI) data and the Indian CPI release, both due later in the day. The Indian Rupee (INR) is under pressure, reflecting a broader negative trend in emerging market currencies amid...
EUR/GBP Remains Above 0.8400 Following Mixed UK Jobs Data
The EUR/GBP currency pair managed to stabilize above the 0.8400 threshold on Tuesday, pausing a six-day losing streak and holding around 0.8420 during early European trading hours. This stabilization comes on the heels of mixed employment data from the United Kingdom, which injected a degree of caution into markets awaiting further macroeconomic clarity. Simultaneously, signals...
EUR/USD Trades with Caution as US-China Trade Truce Lifts US Dollar’s Demand
The EUR/USD pair is witnessing cautious movement as it hovers near the 1.1100 mark, weighed down by recent developments in US-China trade relations and lackluster progress in EU-US trade negotiations. The announcement of a temporary truce between the US and China has bolstered demand for the US Dollar (USD), keeping the Euro subdued despite minor...
USD/CAD Steadies Above 1.3950 Due to Trade Optimism, Expects a Rise in US Inflation
The USD/CAD currency pair is holding firm above the 1.3950 level during Tuesday’s European session, as traders gear up for the highly anticipated release of the US Consumer Price Index (CPI) report for April. Despite minor pullbacks, the pair is on track for its fifth consecutive daily gain, buoyed by trade optimism and expectations of...
US Dollar Index Price Forecast: Outlook Remains Bearish, Key Support Level Emerges Near 100.00
The US Dollar Index (DXY) remains under pressure in early Tuesday trading, retreating to 101.60, down 0.19% on the day. The bearish outlook remains dominant as the index fails to regain traction above key technical levels, notably the 100-day Exponential Moving Average (EMA). This decline comes after a brief surge that saw the dollar touch...
Australian Dollar Remains Strong as US Dollar Holds Losses Ahead of CPI Inflation Data
The Australian Dollar (AUD) is holding firm against the US Dollar (USD) as markets await the US Consumer Price Index (CPI) report for April. After a period of volatility, the AUD/USD pair rose for the second consecutive session on Tuesday, reflecting a complex mix of domestic and global economic signals. However, the pair’s strength remains...
Silver Price Forecast: XAG/USD Rises to Near $33.00 with Developing Bullish Bias
The silver price (XAG/USD) is gaining upward traction in early Tuesday trading, extending its rally for the fourth consecutive session. As of the Asian market hours, the spot price of silver is hovering around $33.00 per troy ounce, reflecting robust buying momentum. Technical indicators, particularly the Relative Strength Index (RSI) and Exponential Moving Averages (EMAs),...