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EUR/USD Faces 1.1160 Breakdown as US Yields Reach 24-Year Highs

The euro traded at 1.1192 against the dollar on Wednesday, October 7, down 71 pips or 0.63% from Tuesday's 1.1263 close. The session range ran from 1.1266 at the high to 1.1186 at the low. That low sits 26 pips above Mo…

26 min read

LINK Is Up 24% in Weeks: But This Key Growth Metric Is Barely Moving

Chainlink’s LINK has rocketed by approximately 24% since the start of September, but the latest on-chain data from Santiment reveals an unusual disconnect as new wallet creation has barely moved in the right direction.

3 min read

Arthur Hayes: AI Is Overbuilt, and Bitcoin Could Benefit From It

Arthur Hayes, the former BitMEX CEO and co-founder of crypto investment firm Maelstrom, told CNBC at the Gamma Prime Investing Conference in Singapore that humanity is “wasting multi-trillion dollars” on AI data centers.

2 min read

Canadian Dollar loses ground ahead of Fed Minutes

USD/CAD rebounds sharply on Wednesday, rising nearly 0.45% as the US Dollar (USD) remains firmly bid across the board, supported by surging US Treasury yields. Attention now turns to the minutes of the Federal Reserve’s…

3 min read

Sterling today: Pound dips on firm dollar; EUR/GBP at 16-month low

The British pound (GBP) has fallen in value this year amid rising inflation, the prospect of the economy entering recession by the end of the year, political uncertainty, and persistent strength in the value of the US d…

11 min read

Gold tests $4,100 as US Dollar and yields rise ahead of FOMC Minutes

Gold (XAU/USD) extends its decline on Wednesday, falling nearly 1.60% as the US Dollar (USD) and US Treasury yields resume their advance following a modest pullback the previous day. At the time of writing, XAU/USD trad…

5 min read

Why Is ADA’s Price Down 8% Today Even as Cardano Whales Wake Up?

It was just yesterday that we wrote about ADA breaking out, as the asset had climbed to a multi-month peak of over $0.27 and analysts had just turned highly bullish, with massive price predictions flying left and right.

2 min read

US Dollar: Near-term upside questioned – OCBC

OCBC Bank strategists Sim Moh Siong and Christopher Wong argue that the US Dollar's (USD) structural support from the US technology and AI sectors remains intact, but they are more cautious on further near-term USD gain…

1 min read