Ethereum (ETH) price action on Wednesday shows it could be gathering momentum for a rally as the number one altcoin's co-founder, Vitalik Buterin, and co-authors have published Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074.

Gold price hovers around familiar levels on Wednesday during the North American session amid rising US Treasury yields and a strong US dollar.

Argentina Industrial Output n.s.a (YoY) declined to -21.2% in March from previous -9.9%

Bitcoin (BTC) price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade.

The USD/SEK pair is trading higher at 10.55, marking a significant gain from a low of 10.45 last week.

The Dow Jones Industrial Average (DJIA) recovered from an early dip during the American trading session, climbing to an intraday high near 39,000.00 as the major equity index breaks away from the crowd.

Another constructive session saw the Greenback gather extra steam and advance to three-day peaks on Wednesday, propped up by the equally firm rebound in US yields as well as the steady conviction of interest rate cuts by the Fed later in the year.

United States 10-Year Note Auction fell from previous 4.56% to 4.483%

The Mexican Peso remains on the defensive against the US Dollar on Wednesday as investors brace for the Bank of Mexico (Banxico) monetary policy decision on Thursday.

The Canadian Dollar (CAD) rebounded across broader markets on Wednesday, regaining ground lost in the previous sessions.

The US Dollar Index (DXY) is currently trading with mild gains at 105.45.

Federal Reserve Bank of Boston President Susan Collins emphasized that the US economy requires a period of moderation as a means to reattain the central bank's 2% inflation target.

In early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers.

The NZD/USD pair faces pressure above the psychological figure of 0.6000 in Wednesday’s New York session.

Turkey Treasury Cash Balance down to -236.98B in April from previous -166.78B

United States EIA Crude Oil Stocks Change came in at -1.362M, above expectations (-1.43M) in May 3

Injective (INJ) had a market capitalization of close to $4.5 billion at its peak in March 2023.

United States Wholesale Inventories in line with expectations (-0.4%) in March

The AUD/USD pair witnesses an intense sell-off and falls to 0.6560 in Wednesday’s early American session due to multiple headwinds.

European Central Bank (ECB) policymaker Robert Holzmann said on Wednesday that he doesn't see a reason to cut key interest rates "too quickly or too strongly," per Reuters.

Base, Coinbase’s Ethereum Layer 2 chain, has noted a spike in inflows to its blockchain this week.

Brazil Retail Sales (MoM) came in at 0%, above expectations (-0.1%) in March

The US Dollar (USD) extends gains on Wednesday, picking up momentum against most Asian peers. Leading the decline in Asian pairs is the Japanese Yen (USD/JPY) which is breaking above 155.00 and has

Gold price (XAU/USD) struggles for a direction in Wednesday’s London session.

Oil prices sank more than 1.5% in Wednesday’s European session, with West Texas Intermediate (WTI) US crude prices reaching their lowest levels in almost two months.

United States MBA Mortgage Applications increased to 2.6% in May 3 from previous -2.3%

The USD/CAD pair advances to the crucial resistance of 1.3750 in Wednesday’s European session.