Share: Gold price remains sluggish ahead of the key United States data, events. First Republic Bank-induced relief contrasts with fears of US debt ceiling expiry to prod XAU/USD bulls. Mixed US PMIs, holidays in major markets offered softer start … [Continue reading]
Forex Today: US Dollar strengthens ahead of Fed
Share: What you need to know on Tuesday, May 2: Financial markets were quite volatile Monday, despite most major countries celebrating Labour Day, keeping local markets closed. The US Dollar edged higher against its rivals, initially extending … [Continue reading]
EUR/USD falls as ISM Manufacturing PMI improves, boosting USD on Fed tightening speculation
Share: EUR/USD dips as ISM Manufacturing PMI for April shows improvement but falls short of expansionary territory. IMF Chief Downplays de-dollarization concerns amid banking sector vulnerabilities. EU Inflation Figures and HCOB Manufacturing PMI … [Continue reading]
ISM Manufacturing PMI Preview: Improvement expected in April, still within contraction territory
Share: The ISM Manufacturing PMI is set to rise to 47.0 from 46.9, New Orders seen higher at 45.5. The ISM Prices Paid Index is seen expanding to 50.4 from 49.2 in the previous month. Purchasing Managers’ Index will be released by the ISM at 14:00 … [Continue reading]
Forex Today: US Dollar extends recovery to start action-packed week
Share: Here is what you need to know on Monday, May 1: Financial markets stay relatively quiet to start the new week after month-end flows ramped up volatility ahead of the weekend. Nevertheless, the US Dollar manages to stay resilient against its … [Continue reading]
S&P500 Futures, yields remain pressured as traders await First Republic updates
Share: Market sentiment remains fragile the key week comprising multiple top-tier data/events begins with holidays at many bourses. S&P 500 Futures grind near two-week high after Wall Street’s upbeat close, mildly offered of late. US Treasury … [Continue reading]
Sources: PNC, JPM putting in final bids for First Republic in FDIC auction
Share: Reuters quotes anonymous sources familiar with the matter while saying, “PNC Financial Services Group and JPMorgan Chase & Co were among banks set to submit final bids for First Republic Bank by midday Sunday in an auction being run by US … [Continue reading]
Where the Ethereum price will close on Sunday night will be vital to avoid a 25% price correction in ETH
Share: Ethereum price is eking out small gains near closing out this week. ETH needs to keep its price action above $1,930. If by Sunday night, ETH closes below $1,930, expect to see a selloff in May that could bring Ethereum price to … [Continue reading]
Dogecoin price rejection means trouble for next week where DOGE could tank 30%
Share: Dogecoin price tries to hold its slim gains over the weekend. DOGE, though, has broken below substantial support, which now has turned into resistance. Expect DOGE to see a violent decline for May, bearing nearly 30%. Dogecoin (DOGE) price … [Continue reading]
Unbearable selling pressure could see Binance Coin tank between 10% and 20% next week
Share: Binance Coin's price to close this week is in the red, making it the second week in a row with a loss. BNB sees consolidation unfolding with a lower high and higher low. Expect to see a slide between 10% and 20% once support breaks down next … [Continue reading]