FXBANkthe8055

FXBANkthe8055

MATIC, the native token of the Ethereum sidechain Polygon, has had it rough in the past five months. After soaring above $1.2 in March, the token has been in freefall, dumping over 65%. For now, MATIC faces strong rejection at $0.45 and continues to distribute, which is evident in the daily chart. The lull across the crypto scene and shrinking activity in DeFi...

FXBANkthe8055

The rate of Ethereum ETHUSD has dropped by 2.44% over the last 24 hours.Image by TradingView On the hourly chart, the price of ETH is in the middle of the local channel. However, if the daily bar closes near the support level, the correction is likely to continue tomorrow.Image by TradingView On the bigger time frame, traders should focus on the support level...

FXBANkthe8055

According to data provided by Arkham Intelligence, financial giant BlackRock has overtaken Grayscale in the Bitcoin ETF race for the first time. As noted by the firm, BlackRock’s ETFs, IBIT and ETHA, have now surpassed Grayscale's products, including the firm's scaled-down "mini" versions of its ETF. The two major ETF players are currently at $21.217 billion and...

FXBANkthe8055

** Shares of Reliance Industries RELIANCE1! down 2.2% at 3,037 rupees; among top losers in Nifty 50 index NIFTY which is down 0.7% ** Co reported first-quarter profit below estimates on Friday, hurt by weak performance at energy and retail segments ** Oil to Chemicals (O2C) earnings in FY25 seen muted considering weaker Q1 and uncertain margin environment...

FXBANkthe8055

The S&P 500 Index (SPX) plunged about 2% last week, but the weakness in the equity markets could not dampen the enthusiasm of the cryptocurrency traders. Bitcoin BTCUSD made a strong comeback, rising roughly 12% for the week. According to CoinShares da, digital asset investment products witnessed strong inflows of $1.35 billion last week, taking the total...

FXBANkthe8055

Silver fell toward $29 per ounce on Monday, sliding for the fourth straight session even after top consumer China surprised markets by slashing key lending rates to new lows to support its economy. The People’s Bank of China lowered its one-year and five-year loan prime rates by 10 basis points to 3.35% and 3.85%, respectively, at its July fixing. The Third...

FXBANkthe8055

Focus on US PCE data due on Friday Gold hit all-time high of$2,483.60/oz last week Gold prices fell to a more than one-week low on Monday as the dollar firmed, while traders awaited more U.S. economic data and comments from Federal Reserve officials this week for clarity on the timeline for interest rate cuts. Spot gold GOLD fe

FXBANkthe8055

The USDCHF has continued to rebound from its session lows earlier this week, and in doing so, it has moved back above the 200-day moving average (MA) and the broken 38.2% retracement level. However, it is currently encountering resistance around the falling 100-hour MA near 0.8900, which aligns closely with the high of a recent swing area. This level is crucial...

FXBANkthe8055

AUD/USD fell below the 21-DMA and struck a 12-session low Friday on the back of U.S. yield (US2YT=RR) gains rallying the U.S. dollar and the risks of a deeper aussie fall are building ahead of key U.S. data next week. The U.S. yield gains helped increased the U.S. dollar's yield advantage over the aussie as Australia-U.S. 2-year spreads hit their widest in nearly...

FXBANkthe8055

Everyone says when the U.S. sneezes, the world catches a cold. Citi analysts say a slowing U.S. economy and incoming interest rate cuts by the Federal Reserve should not undermine emerging markets too much. But a potential return of former U.S. President Donald Trump to the White House might make things a little more complicated. The assassination attempt on the...

FXBANkthe8055

WTI crude futures slid 3.2% to settle at $80.13 per barrel on Friday, and fell by 2.5% to mark the second consecutive weekly loss. losses. Market sentiment was influenced by renewed hopes of a ceasefire in Gaza, with U.S. Secretary of State Antony Blinken indicating that a long-sought truce between Israel and Hamas was within reach. The ongoing conflict in Gaza...

FXBANkthe8055

Canadian dollar falls 0.2% against the greenback Touches its weakest since July 2 at 1.3747 Retail sales fall 0.8% in May 10-year yield rises 1.8 basis points to 3.399% The Canadian dollar weakened to a 17-day low against its U.S. counterpart on Friday as Canadian retail sales fell more than expected and investors weighed the potential for a change of leadership...

FXBANkthe8055

The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters unnerved investors, although volatility in the currency markets was largely contained. A software update by global cybersecurity firm CrowdStrike CRWD crippled industries from travel to finance before services...

FXBANkthe8055

The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters unnerved investors, although volatility in the currency markets was largely contained. A software update by global cybersecurity firm CrowdStrike CRWD crippled industries from travel to finance before services...

FXBANkthe8055

Front Month Comex Silver for July delivery lost $1.7980 per troy ounce, or 5.82% to $29.088 this week Largest one week net and percentage decline since the week ending Dec. 8, 2023 Down for two consecutive weeks Down $2.30 or 7.33% over the last two weeks Down three of the past four weeks Today it is down 90.70 cents or 3.02% Down for three consecutive...

FXBANkthe8055

Yellow metal ends lower for the week Gold futures dropped by more than 2% on Friday to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week. While gold's decline "seems harsh, it's fairly typical behavior for a market that's being driven...largely by Western...

FXBANkthe8055

Yellow metal ends lower for the week Gold futures dropped by more than 2% on Friday to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week. While gold's decline "seems harsh, it's fairly typical behavior for a market that's being driven...largely by Western...

FXBANkthe8055

Data from Cointelegraph Markets Pro and TradingView showed a nightmare for short traders unfolding at the start of the weekend on July 19, with BTCUSD suddenly rising from $63,303 to $66,506. At the time of publication, the gains were still mounting after the BTCUSD pair hit an intraday high of $66,773 on Bitstamp. “New short-term highs for #Bitcoin means...