August 22, 2024
BlackRock’s iShares Ethereum Trust approaches $1B in net inflows
BlackRock’s Ether exchange-traded fund has reached approximately $1 billion in net inflows, underscoring its lead among rival ETFs. The iShares Ethereum Trust has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion mark imminently.
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August 21, 2024
Gold extends record rally on dollar weakness, rate-cut bets
Gold prices extended their record run, holding firm above the key $2,500 level, driven by a weaker dollar and growing investor confidence that the Federal Reserve will likely cut interest rates in September. The Gold-Dollar pair rose 0.4% in the last session. The Stochastic indicator is giving a positive signal.XAU/USD gained 0.4% in the last […]
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August 21, 2024
Bitcoin demand sharply declined since April
Demand for Bitcoin has been in a downtrend since April, approaching negative levels over the past few weeks. According to data analytics firm CryptoQuant, the apparent demand for the digital asset has dropped from a 30-day growth of 496,000 Bitcoin in April to a current negative growth of 25,000 BTC. The Bitcoin-Dollar pair fell 0.6% […]
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August 21, 2024
The last session saw the Pound gain 0.3%
The dollar fell to its lowest level since January as investors awaited revisions to U.S. payrolls data on Wednesday and Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole economic conference in Wyoming later in the week. The last session saw the Pound gain 0.3% against the Dollar. The Ultimate Oscillator is giving a […]
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August 20, 2024
Oil falls 2% on Gaza ceasefire talks and Chinese data
Oil prices fell by about 2%, and global benchmark Brent held below $80 a barrel, on the prospect successful Middle Eastern peace talks could reduce supply risks, while leading oil importer China’s economic weakness looked set to curb demand. The Oil-Dollar pair corrected downwards in the last session, falling 0.2%. The ROC is giving a […]
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August 20, 2024
Dollar hits 7-month low, yen gains as traders wait on Jackson Hole
The dollar fell to a seven-month low and the Japanese yen hit a more than one-week high as traders awaited comments from Federal Reserve Chair Jerome Powell this week likely to hint the U.S. central bank will start cutting interest rates in September. The Dollar fell 0.9% against the Yen in the last trading session. […]
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