New York Wrap: XTZ, UNI surge as metals slip
Crypto led the US close with Tezos +8.49% and Uniswap +8.14%, while silver, platinum and palladium fell and the dollar softened across most majors.
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Crypto led the US close with Tezos +8.49% and Uniswap +8.14%, while silver, platinum and palladium fell and the dollar softened across most majors.
Tezos and Uniswap each jumped about 8% to lead crypto gainers, while silver, platinum and palladium led the decliners and the dollar eased broadly.
US CPI data landed at 12:30 UTC and smaller crypto tokens slipped broadly, with Uniswap leading an even decline across the board.
US Core CPI m/m lands at 12:30 UTC with a 0.2% forecast against 0.3% prior, as dollar-quoted crypto trades firmer, led by XTZ/USD and UNI/USD.
XTZ and UNI jump about 8% to lead a broadly green crypto board, while silver, platinum and palladium drag the metals complex lower and the dollar softens.
US CPI at 12:30 UTC headlines the next 24 hours, with ECB's Lagarde, the EU summit, Australian jobs and BOC's Macklem also on the economic calendar.
Crude climbed nearly 2.5% into the US close while crypto led losses, with Uniswap down 10%, Nasdaq softening and the dollar firm against most majors.
Crude climbed over 2.4% as USOil hit $92.37, while crypto sold off hard β UNIUSD fell 10.23% and Bitcoin Cash 4.58%. The dollar firmed.
ECB President Lagarde speaks at 02:10 UTC on 14 October with no data attached, as the euro trades broadly lower, led by EURHKD and EURSGD.
Crypto opens broadly lower with UNI off 10.23% and Bitcoin near 82,828, while oil jumps over 2% and the dollar firms against euro and pound.
Two central bank speakers headline the next 24 hours: ECB's Lagarde at 02:10 UTC for EUR and BOE's Bailey at 05:30 UTC for GBP, with no data prints due.
Tezos jumped 5.06% to lead altcoins into the US close while crude set the losing tone, UKOil -1.12% and USOil -0.83%. Bitcoin held at $83,330.