News
Important Only
Ethereum Price Forecast: ETH rallies 10% amid decline in CME short positions
Ethereum (ETH) saw a 10% gain on Tuesday after the general crypto market rallied alongside Bitcoin. The rally comes after the ETH Chicago Mercantile Exchange (CME) basis plunged from 20% in November to about 5% in April.
Fxstreet
Tue, Apr 22
US President Trump eases market jitters, says no plans to fire Powell, China tariffs to be lower
Recently, US President Donald Trump said at a press conference that his discussions with China are going well, adding that he thinks they will reach a deal. He said that tariffs on China would not be as high as 145%, but they wouldn’t be zero.Fxstreet
Tue, Apr 22
USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
The USD/CHF makes a U-turn and trade with gains of over 1% on Tuesday as market mood improved on trade headlines and a possible de-escalation of US-Sino conflict tensions. At the time of writing, the pair trades at 0.8181 after hitting a daily low of 0.8065.
Fxstreet
Tue, Apr 22
Mexican Peso strengthens to yearly high as trade war cools, mood improves
The Mexican Peso (MXN) posted substantial gains versus the US Dollar (USD) on Tuesday, sponsored by an improvement in risk appetite due to optimistic news of a ‘de-escalation’ of the trade war between the US and China. At the time of writing, USD/MXN trades at 19.58, down 0.61%.
Fxstreet
Tue, Apr 22
US Dollar attempts modest recovery amid Fed independence concerns, growth downgrades
The US Dollar Index (DXY) struggled to extend its bounce on Tuesday, hovering near the 98.50 zone after recovering slightly from the three-year trough of 98.01. The rebound came as markets reopened from the Easter Monday holiday and reassessed the broader macro landscape.Fxstreet
Tue, Apr 22
Gold pulls back from $3,500 record as China trade hopes spur profit-taking
Gold price retreats after hitting a record high at $3,500, but traders booking profits and improving risk appetite send the Bullion drifting lower, although US Treasury yields drop. At the time of writing, XAU/USD hovers near $3,400, down over 0.63%.
Fxstreet
Tue, Apr 22
GBP/USD consolidates 10-day rally – Scotiabank
Pound Sterling (GBP) is entering Tuesday’s American session flat against the US Dollar (USD) and showing signs of exhaustion following an astounding 10-session rally that culminated in Monday’s surge through 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, Apr 22
Bitcoin Price Forecast: BTC extends gains toward $90,000 as ETFs inflows exceed $381 million
Bitcoin (BTC) is extending its gains, trading above $88,000 at the time of writing on Tuesday after rising nearly 3% the previous day. Institutional demand seems to be supporting BTC’s recent price rally, with US spot Exchange Traded Funds (ETFs) recording an inflow of $381.40 million on Monday.Fxstreet
Tue, Apr 22
