The DXY retreats from recent gains, failing to sustain recovery above the 23.6% Fibonacci retracement level. The US Dollar Index (DXY) faces selling pressure after a brief rebound, stalling near the 100.85 mark, close to the 23.6% Fibonacci retracement level. The index had
A suspected a16z-associated wallet sold 105,400 HYPE tokens for $6.48 million as the token fell nearly 10% in 24 hours. A wallet believed to be linked to venture capital firm a16z sold 105,400 HYPE tokens for approximately $6.48 million at an average price of $61.49. The t
Rabobank forecasts USD/JPY at 159 in three months, citing Japan’s high debt and cautious BoJ rate hikes amid inflation. Japan’s elevated debt-to-GDP ratio and gradual Bank of Japan policy normalization are pressuring the yen, with Rabobank projecting USD/JPY at 159 over a
The Indian Rupee rises marginally after central bank intervention, though elevated crude prices and geopolitical tensions limit upside. The Indian Rupee (INR) opened higher against the US Dollar (USD) on Friday, with the USD/INR pair dipping to near 96.30. The Reserve Bank
The currency pair stabilizes ahead of key Eurozone HICP figures, with potential downside risks for the Euro. EUR/CAD trades flat at around 1.6070 in early European trading on Friday, following recent volatility. The pair shows limited movement as investors await the releas
Eurozone headline HICP inflation is forecast to dip 0.1% month-over-month, pressuring the Euro as ECB rate cut bets grow. EUR/CAD traded steady at 1.6070 in early European trading Friday, stabilizing after recent volatility. The cross faces downward pressure as softer Euro
Soft US inflation data reduces July Fed hike bets, but geopolitical risks cap dollar losses against the yen. USD/JPY remains near cycle highs around 162.85 as traders reassess Fed policy after weaker-than-expected US inflation data. Markets now see a July rate hike as unli
Luxury retailer Burberry reports 5% year-over-year comparable sales growth, matching estimates as US and China strength counter Europe slowdown. Burberry posted a 5% year-over-year increase in comparable store sales for the April-June quarter, aligning with analyst expecta
UOB strategists see GBP/USD stabilizing between 1.3450 and 1.3520 after a 0.43% drop, with upward momentum still intact. GBP/USD steadied after retreating 0.43% to close at 1.3480, following a sharp pullback from near 1.3556. United Overseas Bank strategists note the pair
NZD/USD pair edges lower to 0.5840 The New Zealand Dollar weakens against the US Dollar as Middle East tensions escalate. The NZD/USD pair declined below 0.5850. Risk-off sentiment weighs on riskier currencies like the NZD.
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