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USD/ZAR price plunged to its lowest mark since 29 June. The U.S announced weak producer and consumer inflation data. South Africa’s production declined steeply in June. USD/ZAR price plummeted to the lowest mark since 29 June as market players concentrated on the weak U.S consumer inflation numbers. The pair plunged towards the 16.12 lows, nearly … Read more
The global crypto market capitalization explored higher values of $1.15 trillion, gaining approximately 6.51% within the last 24 hours. Meanwhile, the overall trading volume surged 29% to near $87.71 billion. The crypto market experienced a massive upside action early Thursday as the US inflation fall triggered an amplified appetite for risk assets worldwide. There’s increasing … Read more
XRP reversed Tuesday’s 2.98% slide following a 3.81% uptick yesterday. The absence of updates from the Ripple vs. SEC lawsuit left XRP in U.S CPI hands, and the remittance token propelled to $0.38. Technical indicators flash bullishness, with XRP steadying beyond the 50-dayEMA and today’s U.S wholesale inflation might support a $0.40 return. XRP gained … Read more
Bitcoin recorded an impressive upside as the U.S economic indicators offer the cryptocurrency market essential support. Softer U.S inflation numbers eased 75bp rate hike bets, increasing risky assets demand. The bullish session saw the BTC fear & green index jumping to 41/100 from 31/100, supporting Bitcoin’s upside. Wednesday sessions saw Bitcoin gaining 3.47% to reverse … Read more
The GBP/USD exchange rate remained within constricted ranges yesterday as the pair failed to maintain beyond 1.2100 before settling near 1.2085 today (Wednesday). Sterling drifted lower, whereas the GBP-EUR exchange rate dripped to two-week lows beneath 1.1820 before a slight revival to 1.1840. Generally, ranges remained narrow during summer trading as markets waited for the … Read more
Briefly – IWG share plummeted after the half-year results. Its revenue increased by 22.3% Y/Y amid continued hybrid work growth. Market players remain concerned about the firm’s growth. IWG’s share price declined on Tuesday. The drop emerged after the WeWork rival announced weak earnings. Meanwhile, the stock plunged towards the 157.85 lows, the lowest mark … Read more
This analysis multiplies SHIB prices by 1,000 for brevity. Sellers dragged Shiba Inu towards $0.00738 after the past bear run as the southbound Exponential Moving Average ribbons overstretched. This multi-year foothold supported the efforts by buyers to trigger a much-required bullish overturn on the EMA ribbons. SHIB’s recovery met the ceiling at $0.01217 as buyers … Read more
Bitcoin’s growth within the previous month has advanced bullish revival efforts within the cryptocurrency market. The altcoin market revealed spillover effects of BTC’s upside, recording double-digit monthly surges. Consequently, Litecoin buyers secured renewed momentum that supported the assets to resurge above the 20 Exponential Moving Average and the 50 Exponential Moving Average. A possible closing … Read more
Briefly – The S&P 500 has seen impressive bullish trends. It hiked despite the corporate earnings growth rising at the slowest momentum since 2020. The dear & green index surged to the neutral region. S&P 500 hovered around its highest mark since 7 June 2022 as market players concentrated on the current earnings season. Meanwhile, … Read more
Crypto investors have seen it all during 2022’s market downturn. Even with the latest bounce back, exchange balances maintained surges as the leading non-exchange holdings declined. Nevertheless, bears ruled the first of the year. Piling Up As mentioned above, 2022 1st half wasn’t friendly to the crypto market. Similar to other digital tokens, Ethereum witnesses … Read more
USD/TRY extended its bullish bias following the recent Turkish inflation numbers. The headline CPI increased to 70.6%. Producer Price Index (PPI) surged to 144.61% last month. USD/TRY sees its price nearing its ATH amidst surging Turkey inflation. Meanwhile, the Turkish lira dropped to 17.95 against the USD, which is briefly beneath the 18.38 all-time low. … Read more
The cryptocurrency industry is under pressure yet again ahead of Wednesday’s Taiwan visit by Nancy Pelosi of the United States, escalating tensions between Chain and the US. Moreover, the $200 million Nomad exploit and the SEC charging eleven for the $300M Forsage Ponzi scheme added some downside pressure on the marketplace, triggering price plunges. The … Read more