GBP/USD remains on the back foot on Friday, retreating to the 1.3140 region on the back of the marked upside impulse in the Greenback. In the meantime, worries about the UK’s fiscal discipline and political stability keep the British Pound under … [Continue reading]
US Dollar Weekly Forecast: Near-term top in the offing?
The week that wasThe US Dollar (USD) could not reverse the ongoing bearish tone this week, prompting the US Dollar Index (DXY) to retreat for the second week in a row. That said, the index further extended its rejection from recent multi-week highs … [Continue reading]
NZD/USD climbs on softer US Dollar, RBNZ easing limits Kiwi rebound
NZD/USD trades higher around 0.5680 on Friday, up 0.60% on the day at the time of writing. The pair benefits from a softer US Dollar (USD) as investors remain cautious ahead of the resumption of key US macroeconomic releases, which were delayed due … [Continue reading]
Gold Price Forecast: XAU/USD dips below $4,150 as the US Dollar picks up
Gold (XAU/USD) is heading lower on a choppy trading session on Friday, weighed by a firmer US Dollar amid the risk-averse sentiment. The Precious metal has broken below a previous resistance area, at $4,150 ahead of the US session opening, reaching … [Continue reading]
Spain Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.5%) in October
Bitcoin, Ethereum and Ripple trade in red on Friday after correcting more than 5%, 10% and 2%, respectively, so far this week. BTC has slipped below the $100,000 key level, while ETH and XRP have faced rejection at their resistance levels, … [Continue reading]
China’s NBS: There is short-term pain when new growth drivers replace the old ones
Following the publication of the high-impact China’s activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday.Key quotesThere is short-term pain when … [Continue reading]
Ethereum Price Forecast: ETH dives 7%, increase in loss realization could spark intense selloff
Ethereum price today: $3,170Ethereum investors have booked over $500 million in profits and $100 million in losses since Sunday.Increased loss taking has historically sparked heavy distribution and price declines.ETH risks a decline to the $2,850 key … [Continue reading]
Dow Jones Industrial Average tumbles 600 points as equity backslide gathers steam
The Dow Jones Industrial Average (DJIA) took a sharp step back on Thursday, declining around 500 points at its lowest and falling away from record highs posted during the midweek market session. US President Donald Trump signed off his formal … [Continue reading]
Ripple Price Forecast: XRP advances as whales step up accumulation amid renewed risk-on sentiment
Ripple (XRP) is trading slightly below $2.50 at the time of writing on Thursday, after marking an intraday high at $2.52 buoyed by positive sentiment in the broader cryptocurrency market.Bullish sentiment is poised to recover after United States (US) … [Continue reading]
AUD/USD: Bias for upside play – OCBC
Australian Dollar (AUD) continued to inch higher, riding on the move higher in with metals complex and better than expected labor market report. Pair was last at 0.6577 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. AUD to trend … [Continue reading]