The Australian Dollar rises against the US Dollar on Thursday as Fed Governor Waller turns moderately dovish ahead of the September meeting, even as Oil prices rise due to a resumption of hostilities in the Middle East. The AUD/USD trades at 0.7200, … [Continue reading]
US Dollar extends decline as NFP takes centre stage
The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, slides below 99.00 to its lowest level in over a week on Thursday. At the time of writing, DXY trades around 98.90, down 0.67% on the day, after … [Continue reading]
XRP edges higher despite ETF outflows
Ripple (XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster. Despite the modest recovery, broader market sentiment remains shaky as investors adopt a cautious … [Continue reading]
Japan’s Mimura keeps threat of FX intervention alive
Japan’s top currency diplomat Atsushi Mimura reiterates on Thursday that authorities remain ready to act in the foreign exchange market, as Tokyo continues to closely monitor currency moves.“We continue to stand ready on forex,” Mimura says, … [Continue reading]
Gold bulls eye $4,450 as sliding bond yields counter Fed hike bets and undermine USD
Gold (XAU/USD) builds on the previous day's goodish recovery from a nearly four-week low, and attracts some follow-through buyers for the second straight day on Thursday. Retreating US bond yields, along with Wednesday's soft US ADP report, weigh on … [Continue reading]
US President Donald Trump: Renewed campaign against Iran will not continue for too long
US President Donald Trump said that while the US is prepared to strike Iran again at any time, he doesn’t expect the renewed fighting to last “too long,” Reuters reported on Wednesday.Iran’s Supreme Leader Mojtaba Khamenei said that Iran’s armed … [Continue reading]
Gold rises as speculation of Yen intervention weighs on the US Dollar
Gold (XAU/USD) price rises over 1% on Wednesday as the Greenback softens amid speculation of an intervention to bolster the Japanese Yen (JPY), while US Treasury yields hold firm after weak US jobs data. At the time of writing, the XAU/USD pair … [Continue reading]
XRP falls near key support as ETF inflows try to offset headwinds
Ripple (XRP) continues to trim gains on Wednesday, trading around $1.32 at the time of writing. The remittance token came under pressure after a massive 72% rally from $1.00 to $1.70 in August stalled on profit-taking and the need to moderate in … [Continue reading]
ADP Employment Report is expected to signal subdued job growth in August
The Automatic Data Processing (ADP) Research Institute will release its monthly report on private-sector job creation for August next Wednesday. The ADP Employment Change report is expected to show that the United States (US) private sector added 47K … [Continue reading]
Silver Price Forecast: XAG/USD rebounds to near $64, US private labor data awaited
Silver price (XAG/USD) recovers its early losses and rebounds to near $64.00 till the early European session on Wednesday. The white metal is broadly under pressure as surging United States (US) Treasury yields due to hawkish Federal Reserve (Fed) … [Continue reading]