Pound Sterling drops close to 1.3550 due to slight strength in the US Dollar
GBP/USD dips to about 1.3555 during early Asian trading on Monday. A careful attitude prevails ahead of the US-Ukraine discussions, lending support to the US dollar. The UK economy is projected to grow in the second quarter, showing a better than anticipated 0.3% quarter-on-quarter increase. The GBP/USD exchange rate has softened, hovering around 1.3555 in […]
EUR/USD drops under 1.1700, with limited potential for further decline due to the Fed’s cautious stance
The EUR/USD may see a rebound as the soft approach regarding the Fed’s September policies continues. Recent US economic data supports speculation around potential Federal Reserve rate cuts in September. President Trump suggested that Ukraine should seek a deal to conclude the conflict with Russia. After gaining roughly 0.5% in the last session, the EUR/USD […]
Ethereum bull flag aims for $6K as ETH supply on exchanges drops to 12%
Key Takeaways Recent analysis suggests a bull flag in ether could target profits around $6,100, indicating a potential 34% gain. The amount of ETH held on exchanges has dipped to 12%, marking a low not seen since 2016. This reduction in ETH on exchanges suggests a “supply throttle” effect, hinting at long-term accumulation trends. On […]
Ether bull flag aims for $6K as ETH available on exchanges drops to 12%
Key Highlights: The confirmation of a bullish pattern on the daily chart suggests a 34% target profit at around $6,100. The percentage of ETH supply on exchanges dropped to 12%, marking a low not seen since 2016. This change in ETH supply on exchanges indicates a “supply throttle” and hints at long-term accumulation. On Thursday, […]
Trump’s approval rating drops to 38 percent according to a poll
A recent poll by the Pew Research Center shows that just 38% of respondents approve of President Trump’s job performance, down from 41% two months ago. This decline in approval seems connected to dissatisfaction with his tariff policies and the recently signed legislation often referred to as the “big beautiful bill.” This bill aims to […]
Cisco’s Earnings: Stock Drops Despite Strong Q4 Performance
Cisco Systems (CSCO), a major player in the communications equipment sector, wrapped up fiscal year 2025 with solid revenue figures. The highlight of their fourth quarter was strong demand for networking and security products, alongside a noticeable increase in orders related to AI infrastructure. Yet, in a surprising twist, CSCO shares dipped over 2% in […]
Monero Drops Due to 51% Attack Concerns: Here’s What the Charts Indicate for XMR Next
Simply put Monero (XMR) prices have plummeted by almost 16% over the past week. Investors in XMR are eager to sell following news regarding potential 51% network attacks associated with the Kubik Mining Pool. The data indicates that the downward trend is gaining speed. While a lot of the crypto market may seem lighthearted today, […]
Company listed on Nasdaq drops 50% due to BONK memecoin investment.
Stocks for the drinks company Safety Shot, listed on NASDAQ, have plummeted by 50% following their announcement to invest $25 million in Bonk Memecoin as part of a new financial strategy. On Monday, the company revealed a strategic partnership with Bonk’s founding contributors, indicating a deeper involvement in the Memecoin ecosystem. Safety Shot explained that […]
Silver Price Outlook: XAG/USD drops close to $38.00 with US-China tariff deadline approaching
Silver prices retreat to around $38.10 during Monday’s Asian trading session. Traders are keeping close tabs on updates regarding US-China trade negotiations before looming deadlines. Increased expectations of Federal Reserve rate cuts might help mitigate silver’s losses. On Monday, Silver Price (XAG/USD) is set to break a six-day winning streak as it encounters selling pressure, […]
US Dollar Index drops to around 98.00 amid soft Fed outlook, attention on upcoming CPI
The US Dollar Index is facing difficulties due to recent weak economic indicators from the US. The CME FedWatch tool indicates that there’s about an 89% chance the market is expecting a Fed rate cut in September. Governor Michelle Bowman mentioned that it might be appropriate to implement three interest rate cuts this year. The […]