Currencies

Chainlink trades in the red on Monday, giving up the gains from Sunday. On-chain data displays strong resistance levels at higher prices, while rising optimism in derivatives boosts Open Interest.The technical outlook highlights that Chainlink is at a crossroads amid a short-term surge in supply.Chainlink (LINK) edges lower by over 2% at press time on Monday, starting the week on a declining trend after posting gains during the weekend. Both the technical outlook and on-chain data show overhead supply pressure that could lead Chainlink to extend the pullback, crushing the Open...

The beginning of the week will be quite dynamic, with flash inflation releases in several CEE countries. In fact, June inflation numbers will be flowing throughout the week. On Monday, Croatia and Serbia will publish retail sales and industrial output growth in May. Serbia will also release its May trade balance. Later in the week, trade data will be published by Hungary and Slovenia. Hungary will also release industrial production in May at the end of the week. On Wednesday, Poland’s central bank is to hold a rate-setting meeting; we...

In brief New rules are set to take effect in August, requiring licenses for fiat-referenced stablecoin issuers operating in the city. Financial Secretary Paul Chan has linked stablecoins to de-dollarization and regional trade in local currencies. Analysts say high capital and reserve requirements may deter global issuers like Circle and Tether. Hong Kong has reaffirmed its support for stablecoins as it prepares to implement a new regulatory regime for fiat-referenced issuers in August, a move that some believe could stifle aspirations for larger players and challenge U.S. dollar dominance in...

Gold prices rose in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 9,010.69 Indian Rupees (INR) per gram, up compared with the INR 8,998.38 it cost on Friday. The price for Gold increased to INR 105,098.90 per tola from INR 104,955.30 per tola on friday. Unit measure Gold Price in INR 1 Gram 9,010.69 10 Grams 90,107.03 Tola 105,098.90 Troy Ounce 280,269.10   Daily Digest Market Movers: Gold price gains momentum on increased optimism of a Fed rate cut “The slowdown in geopolitics...

India witnessed a strong increase in its overseas financial assets during the financial year 2024-25, mainly driven by higher overseas direct investments, currency and deposits, and reserve assets, according to the latest data released by the Reserve Bank of India (RBI).The data also highlighted that more than 72 per cent of the total growth in India's foreign financial assets came from these three components, with reserve assets alone accounting for over 54 per cent of the increase.Currency and deposits, along with direct investments, also contributed significantly to the overall growth...

Most Asian currencies strengthened on Monday, supported by signs of improving Chinese business activity and continued weakness in the U.S. dollar. The dollar slipped further as investors ramped up expectations of a Federal Reserve interest rate cut and remained wary of rising U.S. debt levels. The dollar index fell 0.2% in Asian trading, hovering near a three-year low. Fed rate cut bets surged, with CME FedWatch showing a 25 basis point cut likely by September. This comes despite May’s inflation uptick and Fed Chair Jerome Powell’s recent dismissal of immediate...

In a pre-taped interview with Fox News’ “Sunday Morning Futures”, US President Donald Trump expressed his concerns about his ‘big, beautiful’ spending bill and unfair Japanese auto trade.On passing the bill by his July 4 target date, he said: “I don’t know. I mean, I can’t tell you that.”“I’d like to say, yes. But the problem is if we’re two days late or five days late, everybody says, ‘Oh, you had a tremendous failure,’” he noted further.Speaking on the $9 trillion US debt that is set to mature this year,...

In the tide of cryptocurrency, traditional mining has many pain points such as high equipment cost, high technical threshold, and high electricity consumption. London, UK, June 30, 2025 (GLOBE NEWSWIRE) -- In the tide of cryptocurrency, traditional mining has many pain points such as high equipment cost, high technical threshold, and high electricity consumption. To solve these problems, LET Mining has launched a new intelligent cloud mining service, allowing users to remotely participate in global green mining with just a few clicks, and easily obtain daily passive income. 1. One-click...

The S&P closed at fresh record high on Friday in a whipsaw session. Equities dipped temporarily after news that President Trump had terminated trade discussions with Canada in response to the country’s planned implementation of a digital services tax targeting American companies. A late rebound saw the S&P close 0.5% higher aligning with the solid gains made by European indices. Treasury yields were little changed, and the US dollar was mixed against G10 currencies. China has confirmed details of a trade framework with the US. It has agreed to approve...

Despite stabelcoins’ role here as well as in bridging the gap between traditional financing and crypto trading, RBI remains cautious of stablecoins | Photo Credit: hocus-focus Indian crypto investors are taking a keen interest in stablecoins which accounted for over 25 per cent of spot trading volume on crypto platforms like Coinswitch in the first four months of calendar 2025. Stablecoins offer a relatively stable entry and exit point in crypto markets for users, pegged to real-world assets like the US dollar, euro, or gold and offer price stability that...