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USD/SEK off 63-week low on simmering global trade tensions

March 14, 2025 9:34 am
The USD/SEK currency pair extended a rebound from a 63-week low on Friday amid escalating global trade tensions and concerns over economic outlook. In the wake of US tariffs on steel and aluminum, the European Union announced plans to impose a 50% tax on American whiskey and other exports next month. In response, US President […] Read more

BoC Lowers Interest Rate to 2.75%, USD/CAD Climbs Near 0.20% to 1.4397

March 13, 2025 3:52 pm
Key moments The USD/CAD pair rose by 0.19% on Thursday, almost reaching 1.4400. The Canadian dollar surged after the Bank of Canada implemented an interest cut rate of 2.75%. Favorable U.S. inflation reports, showing a decline to 2.8% annually, have reduced the likelihood of a Federal Reserve rate cut in spring. BoC Rate Cut Triggers […] Read more

Ethereum Gas Fees Down 95%, Price Falls 1.29% to $1,883 as Bearish Sentiment Persists

March 13, 2025 3:03 pm
Key moments Ethereum’s price fell 1.29% to $1,883.3 on Thursday. Although a significant 95% reduction in gas fees has been achieved, Ethereum’s price continues to decline. Technical complications surrounding Ethereum’s Pectra upgrade have also dampened confidence in the coin. Ethereum’s Price Continues to Struggle Ethereum’s price continues to struggle, registering a 1.29% decline today to […] Read more

USD/JPY Hovers Near 148 as Yen Finds Footing

March 13, 2025 12:40 pm
Key moments The yen is trading slightly above 147.90, achieving a climb following several days of notable value loss. Escalating global trade tensions have boosted demand for the yen. Rising Japanese bond yields, driven by the BOJ’s rate normalization, have attracted investors. Yen Rounds After Dip Below 147.60 The Japanese yen found a degree of […] Read more

U.S. CPI Data Sparks Optimism, Bitcoin Stabilizes Above $83K

March 13, 2025 8:01 am
Key moments Thursday saw Bitcoin’s price rise above $83,000 following the release of encouraging U.S. inflation figures. Data from the U.S. Bureau of Labor Statistics shows inflation rose by 0.2% in February. Concerns over trade disruptions and the potential for an economic downturn continue to affect Bitcoin. Bitcoin Surged Past $84,000, Buoyed by Positive U.S. […] Read more

GBPUSD Stays Firm Above 1.2950, Near 4-Month Peak

March 13, 2025 6:56 am
Key moments GBP/USD reaches a four-month peak of 1.2989, driven by weakened US Dollar. US inflation data fuels speculation of Federal Reserve rate cuts, impacting Dollar value. UK housing market shows signs of cooling, with RICS Housing Price Balance declining. GBP/USD Maintains Strong Position Amid Diverging Economic Signals The GBP/USD currency pair has demonstrated sustained […] Read more

Dollar Index Stuck Below $104, Euro Anchored Around $1.09

March 12, 2025 3:25 pm
Key moments The EUR/USD pair has stayed near the $1.09 threshold, while the dollar index has yet to hit $104. The dollar index’s inability to break the $104 barrier is attributed to concerns over President Trump’s tariffs. The euro was supported by Ukraine’s agreement to a U.S.-proposed 30-day ceasefire and growing confidence in German fiscal […] Read more

Solana Gains Above $128 Following ETF Ruling Postponement

March 12, 2025 1:21 pm
Key moments Solana experienced price fluctuations on Monday, hitting a $130 peak after dipping below $124. Solana’s price has dropped 8% below its “Realized Price,” a key indicator of investor cost basis. This comes as the SEC delays ETF decisions for Solana and other altcoins until May, adding to existing market uncertainty. Solana Managed to […] Read more

XRP Stays Above $2.00, but Liquidity Concerns Cloud Outlook

March 12, 2025 1:13 pm
Key moments Active XRP addresses plummet from 530,000 to 123,000, indicating a sharp decline in investor participation. XRP holds above $2.00, with $2.14 acting as a crucial support level despite a 22% correction. XRP faces resistance at $2.33, while a drop below $2.14 could lead to a further decline to $1.94. Declining Investor Participation and […] Read more