Nasdaq futures fell below $30,218 resistance after failing to hold above $30,300, signaling renewed bearish momentum. Nasdaq futures turned bearish after failing to sustain levels above $30,300, slipping below the volume-weighted average price (VWAP) near $30,218. The shif
The Australian Dollar weakens against the USD despite a hawkish RBA, pressured by geopolitical risks and ahead of key US jobs data. The AUD/USD pair fell to around 0.7120 in early European trading on Friday, extending losses below 0.7150. The decline comes despite the Rese
Crypto exchanges draw 93% of stock traders from emerging markets Crypto exchanges are becoming a gateway to global equity markets, with nearly 93% of users coming from emerging markets. The report estimates that by 2031, crypto exchanges could channel $2 trillion i
Legislation aims to align digital asset taxation with traditional securities, targeting staking and mining rewards. A key US House committee plans to release crypto tax legislation as soon as Friday. The bills will address taxation on staking and mining rewards, seeking to
The Japanese Yen strengthens as traders speculate on potential government intervention to support the currency against the USD. The USD/JPY pair declined for a second consecutive day, trading near 159.90 in Asian hours on Friday. The drop follows heightened market speculat
Investors await clues on rate trajectory as RBA officials warn inflation risks persist despite recent policy pauses. Reserve Bank of Australia Deputy Governor Andrew Hauser delivers remarks at a Sydney event, with traders parsing his tone for shifts in monetary policy. The
EUR/USD pair holds steady around 1.1620 The EUR/USD pair is holding steady around 1.1620 during the early Asian session on Friday. Traders are waiting on the sidelines ahead of the key US economic data. The US jobs data for May will be the highlight later in the
Flaunting bitcoin assets makes investors targets Bitcoin journalist Joe Nakamoto advised investors to stop discussing their assets publicly. He believes this can make them targets for physical wrench attacks. The existence of such attacks allegedly proves bitcoin
China’s central bank set the daily yuan fixing stronger than expected, signaling potential intervention amid currency volatility. The People’s Bank of China set the USD/CNY reference rate at 6.8157, compared with a Reuters estimate of 6.7735. The move allows the yuan to tr
South Korea’s benchmark index drops sharply amid broad sell-off, while the won weakens to levels last seen in 2007. South Korea’s KOSPI index fell 6% as the won slumped to a 17-year low against the USD, driven by a sell-off in tech heavyweights including Samsung Electronic