Prior +0.9% HICP +2.0% vs +1.9% y/y prelim Prior +1.1% On the month itself, headline inflation rose by 1.0% and that is largely tied to a surge in energy prices (+8.9%). That’s no surprise given the impact of the US-Iran conflict, which has seen European gas prices skyrocket last month. Of note, prices for petroleum…
Oil prices have bounced up during the Asian session, as the US military announced a total blockade of the Strait of Hormuz on Tuesday, increasing the chokehold on supply and putting the new round of talks with Iran into question. The price of the US benchmark West Texas Intermediate (WTI) barrel appreciated about $4 during…
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Bitmine Immersion Technologies has turned itself into the Ethereum version of Strategy, doubling its outstanding shares in six months and raising over $10 billion in equity to amass nearly 5% of all ether (ETH) in existence. It reported a $3.8 billion quarterly net loss in Tuesday’s 10-Q filing, with share count (common stock) going from…
PI sellers continue to dominate with the $0.15 support under threat. PI Network (PI) Price Predictions: Analysis Key support levels: $0.15 Key resistance levels: $0.20, $0.28 PI Correction Continues Despite a strong rally in early March, PI appears to be giving back all those gains with a steady correction that has been ongoing for over…
The technical picture has turned “decidedly optimistic” as EUR/USD has reclaimed its 50, 100, and 200-day Moving Averages (MAs). Momentum oscillators on the H4 chart, with RSI at 70.5, suggest the move is overextended. Bulls must secure an hourly close above the 1.1800 psychological level to maintain control. If the pair fails at 1.1800 and…
Key Takeaways: Ripple is collaborating with Kyobo Life to conduct tokenized government bond settlement in Korea. The initiative accepts the use of Ripple Custody to settle in a secure and on-chain way in a regulated environment. The objectives of the project are to reduce the settlement time by T +2 down to close to real-time…
The shares of IT companies surged up to 5% on Wednesday, amid overall optimism on Dalal Street and Wall Street following hopes for fresh Iran-US talks, along with easing concerns about AI-led disruption. After taking a significant beating earlier this year due to AI worries and war-led inflationary concerns, the stocks have partially recovered so…
EUR/USD started a fresh surge above 1.1740 and 1.1780. USD/CHF declined further and is now struggling below 0.7850. Important Takeaways for EUR/USD and USD/CHF Analysis Today · The Euro started a major increase from 1.1665 against the US Dollar. · There is a contracting triangle forming with support near 1.1775 on the hourly chart of…
The US dollar remains under pressure, testing key support levels amid expectations of easing geopolitical tensions. The market continues to price in the possibility of renewed negotiations between the US and Iran, reducing demand for the dollar as a safe-haven asset and supporting riskier instruments. Against this backdrop, currency pairs are showing heightened sensitivity to…