Forex & Cryptocurrency Breaking News

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  • Market Week Ahead: ECB, Inflation, US Earnings, Tech Stocks
    DailyFX - Market News - 5 hours ago
    There is a lot going on next week including the latest ECB rate decision, a raft of high importance economic data, and a bunch of heavyweight US earnings
  • British Pound Holds At ’24 Highs Vs USD But Starts To Look Stretched
    DailyFX - Market News - 10 hours ago
    Sterling has had a great run this month, and retains a lot of fundamental support. However it is perhaps in need of a break.
  • Japanese Yen Analysis – USD/JPY Trims Losses; Official Intervention or Jawboning?
    DailyFX - Market News - 13 hours ago
    The Japanese Yen rallied sharply against the US dollar Thursday after weaker-than-expected US inflation data sent the greenback tumbling. Did the BoJ boost the Yen rally?
  • Forexlive Americas FX news wrap 12 Jul: PPI not as friendly as the CPI
    Forexlive RSS Breaking News Feed - 21 minutes ago
    The Dow Industrial Average average can’t close at a record but closes just above 40,000The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29Crude oil futures settle at $82.21Stock earnings for the quarter were kicked off. What’s on tap for next week?What happens after the first rate cut. Recession? Stocks move lower?A number of currency pairs stretched to key target levels including the NZDUSD. What next?Keep an eye on China’s Third Plenum meeting next weekJapan’s Kanda: Won’t say whether intervention was conducted or notHouse Democratic leader Jeffries met with Biden yesterday. The read-out isn’t glowingUMich July consumer sentiment 66.0 vs 68.5 expectedKickstart the FX trading day for July 12 w/a technical look at the EURUSD, USDJPY & GBPUSDCanadian June home sales activity fell 9.4%Canada building permits for May -12.2% versus -5.9% expectedUS June PPI +2.6% vs +2.3% expectedThe GBP is the strongest…
  • The Dow Industrial Average average can't close at a record but closes just above 40,000
    Forexlive RSS Breaking News Feed - 1 hour ago
    The Dow Industrial Average reached an intraday high of 40,257, which would have been sufficient for a record close. The previous record close was set on May 17, when the index closed above 40,000 for the first time ever at 40,003.60. However, late-day selling pushed the price below 40,000, before a last-minute rally brought it just above this key milestone. Ultimately, the index closed at 40,000.91, up 247.13 points or 0.62%.The S&P 500 was also poised to close at a record level going into the last hour of trading but retreated, ending below Wednesday’s record at 5635.39. Despite reaching a new intraday high of 5655.56, the index closed at 5615.34, up 30.79 points or 0.55%.The NASDAQ index faced a tougher day yesterday, with a decline of 364 points or 1.95%. Today, it saw an intraday rise of 273 points, recouping some of the previous day’s losses, but fell back in…
  • The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
    Forexlive RSS Breaking News Feed - 1 hour ago
    The 2-10 year spread has not been positive since July 2022. The most recent high close (most narrow negative spread) is coming near -16 basis point. Today the spread rose to -27.3 basis point which would be its highest close since January 29.Since June 25, the spread has moved from -50 basis points to the current -27.3 basis points. It’s still negative, but the hope that the Fed will ease rates – and maybe more than expectations – is helping the move. Another dynamic may be that if former Pres. Trump is elected president, it could lead to higher inflation on the back of increased tariffs (trade war) and higher deficits (ironically). After the presidential debate where Biden was beaten soundly, the flow of funds was in the steepening favor. This article was written by Greg Michalowski at www.forexlive.com.
  • Market Strategist Predicts 32% Stock Market Crash, How Will This Affect Crypto?
    NewsBTC - 1 hour ago
    Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end or early 2025. He claimed that the reduction in consumers’ spending is already hinting at this recession as households have no savings to spend and banks are tightening their lending standards. Related Reading: Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow? Berezin also alluded to the rising unemployment rate, which he noted shows that the labor…
  • XRP Price Eyes Colossal 280% Breakout Amid CME Group Partnership
    NewsBTC - 2 hours ago
    The XRP price has outperformed its peers among the top ten largest cryptocurrencies on the market, experiencing a significant surge of 13.5% in the past week alone after experiencing a sustained decline from its yearly high of $0.745 in March.  With an eye on a key Fibonacci level, the eighth largest cryptocurrency by market capitalization, currently valued at $26 billion, is poised for a potential price explosion that could send the XRP price to new yearly highs, coupled with a bullish announcement surrounding the token’s rise since Thursday.  XRP Becomes Bridge Asset In $1.2 Trillion Market CoinGecko data shows a notable increase of 50% in trading volume over the past few days, demonstrating the renewed bullish sentiment surrounding the XRP price, along with a significant collaboration announcement with the world’s largest derivatives marketplace, CME Group, which has further strengthened XRP’s position in the market. Related Reading: Litecoin Is A Hub…
  • 6,400 Ethereum Mystery Move Sparks ETH Rally Talk Pre-ETF Nod
    NewsBTC - 4 hours ago
    As more and more investors choose to keep their Ethereum assets frozen rather than actively selling them, the Ethereum ecosystem suddenly finds itself severely short of supplies. The second-largest cryptocurrency in the world could face serious challenges going forward depending on the planned behavior of market players. Related Reading: Analyst Upbeat On USTC, Sees Price Soaring Over 300% Ethereum Supply Tightens Up The first sign of this supply gap came earlier this month when an unknown market player moved a staggering 6,400 Ethereum to the Beacon Chain depositor wallet. The Beacon Chain, which checks recently added blocks to the network, is the basis of Ethereum 2.0 This big action suggests that investors might be inclined to lock down their ETH holdings instead of aggressive trading. 🚨 6,400 #ETH (20,015,930 USD) transferred from unknown wallet to Beacon Depositorhttps://t.co/wrOSlw2LaR — Whale Alert (@whale_alert) July 11, 2024 According to cryptocurrency analysts, this is…
  • Seven Years of Binance: CEO Richard Teng Shares Insights on Achievements and Future Goals
    Bitcoin News - 3 minutes ago
    Binance is celebrating its seventh anniversary, reflecting on its growth and achievements in the rapidly evolving cryptocurrency industry. In an open letter, Binance CEO Richard Teng shared his insights and perspective on the company’s journey and future. Binance CEO Richard Teng on Successes, Challenges, and the Road Ahead In his reflection shared with Bitcoin.com News, […]
  • US Senator Discusses Crypto Policies Under Potential Second Trump Administration
    Bitcoin News - 1 hour ago
    U.S. Senator Bill Hagerty discusses key issues including cryptocurrency’s future under a potential second Trump administration, highlighting former President Donald Trump’s pro-crypto stance and criticism of Democratic policies. Hagerty advocates for a supportive ecosystem to foster innovation and decentralized control of digital assets, contrasting with what he describes as the Democrats’ overly centralized approach. ‘We […]
  • German Government Is Now out of Bitcoin, Arkham Data Shows
    Bitcoin News - 2 hours ago
    The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin […]
  • EUR/USD Price Analysis: Fed Rate Cut Expectations Surge
    Forex Crunch - 11 hours ago
    The US CPI report showed the first decline in inflation since 2020. In June, inflation fell by 0.1% when economists had expected it to increase by 0.1%. The ECB might lower borrowing costs again in September and December. The EUR/USD price analysis shows strong bullish momentum as the dollar falls amid a surge in expectations… The post EUR/USD Price Analysis: Fed Rate Cut Expectations Surge appeared first on Forex Crunch.
  • USD/JPY Outlook: Yen Retreats Following Solid Rally
    Forex Crunch - 12 hours ago
    The yen surged nearly 3% on Thursday after a downbeat US inflation report. There is speculation in the market that Japan intervened on Thursday. The US Consumer Price Index fell by 0.1% in June. The USD/JPY outlook leans mildly bullish as the yen pulls back following its surge in the previous session. Nevertheless, the overall… The post USD/JPY Outlook: Yen Retreats Following Solid Rally appeared first on Forex Crunch.
  • GBP/USD Outlook: Pound Soars on Upbeat UK GDP
    Forex Crunch - 1 day ago
    The UK GDP rose by 0.4% in May, above estimates of 0.2%. Services inflation and wage growth in the UK remain high. Investors are waiting to see the US consumer inflation report for June. The GBP/USD outlook points North as the pound rallies after data revealed a bigger-than-expected expansion in the UK economy in May…. The post GBP/USD Outlook: Pound Soars on Upbeat UK GDP appeared first on Forex Crunch.