The Australian Dollar (AUD) recovers its intraday losses but remains in the negative territory against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair remained subdued after the Reserve Bank of … [Continue reading]
PBOC sets USD/CNY reference rate at 7.0856 vs. 7.0816 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0856 compared to the previous day's fix of 7.0816 and 7.1096 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the … [Continue reading]
Dow Jones Industrial Average drops below 47,000 on AI concerns and Fed uncertainty
The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding 750 points at its lowest and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered. … [Continue reading]
EUR/GBP retreats from highs as Sterling firms on profit-taking, BoE comments
The Euro weakens against the British Pound on Monday, with EUR/GBP extending its pullback after climbing to fresh year-to-date highs near 0.8865 on Friday, as traders react to contrasting signals from the European Central Bank (ECB) and the Bank of … [Continue reading]
USD/CHF climbs amid US Dollar strength, SNB rate hold anticipation
USD/CHF remains supported on Monday, trading around 0.7950 at the time of writing, up 0.17% on the day. The pair is lifted by renewed strength in the US Dollar (USD) as expectations for an imminent policy easing by the Federal Reserve (Fed) continue … [Continue reading]
Switzerland Industrial Production (YoY) rose from previous -0.1% to 2.4% in 3Q
Bitcoin Ethereum, and Ripple begin the week on a cautious note, trading near their respective support levels. Market sentiment remains fragile following last week’s volatility, with BTC, ETH, and XRP correcting by nearly 10%, 14%, and 7%, … [Continue reading]
Top Crypto Gainers: Aster, Starknet, and Zcash recovery at risk
Aster (ASTER), Starknet (STRK), and Zcash (ZEC) trade in the green over the last 24 hours, struggling to retain gains while the broader cryptocurrency market is in the red. The technical outlook of Aster and Zcash remains mixed as bearish potential … [Continue reading]
When is the Japan quarterly prelim GDP and how could is affect USD/JPY?
Japan quarterly prelim GDP OverviewThe Japan’s Cabinet Office will publish its data for the third quarter (Q3) at 23.50 GMT. Gross Domestic Product is estimated to show a contraction of 0.6% QoQ in the Q3, compared to an expansion of 0.5% … [Continue reading]
Michael Saylor denies reports of Strategy selling Bitcoin, reaffirms accumulation
Strategy CEO Michael Saylor claims the company did not sell any of its Bitcoin, following rumours that the firm moved over 40,000 BTC across several wallets, according to the Arkham Intelligence dashboard.Strategy CEO reaffirms company's treasury … [Continue reading]
EUR/USD clings to 1.1600 despite weekly pullback on trimmed Fed Cut bets
The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the … [Continue reading]