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]
US Dollar Index strengthens to near 99.50 as record-long government shutdown ends
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.50 during the Asian trading hours on Thursday. The DXY gains … [Continue reading]
Australia Participation Rate remains at 67% in October
Gold price extends the rally to around $4,195 during the early Asian session on Thursday. The precious metal rises to the highest level since October 21 ahead of the vote to end the US government shutdown, which would offer economic clarity and … [Continue reading]
Argentina Consumer Price Index (MoM) registered at 2.4% above expectations (2.2%) in October
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Ripple Price Forecast: XRP gains momentum driven by risk-on sentiment, on-chain activity
Ripple (XRP) is experiencing a mild rebound, trading above $2.40 at the time of writing on Wednesday. The uptick can be attributed to risk-on sentiment, as Bitcoin (BTC) extends gains above $104,000. Still, sentiment in the derivatives market … [Continue reading]
Pound Sterling slides further as weak UK data cements more BoE rate cuts
The Pound Sterling (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Wednesday. The British currency faces selling pressure amid growing expectations that the Bank of England (BoE) will resume its monetary expansion … [Continue reading]
Gold retreats from three-week top amid risk-on mood and pickup in USD demand
Gold (XAU/USD) attracts some sellers during the Asian session on Wednesday and for now, seems to have snapped a three-day winning streak to the $4,150-4,155 region, or a three-week high touched the previous day. A positive development towards … [Continue reading]
US Dollar Index posts modest gains near 99.50 amid hopes of end to US shutdown
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.55 during the Asian trading hours on Wednesday. The DXY edges … [Continue reading]
Dow Jones Industrial Average gains 600 points on shutdown resolution expectations
The Dow Jones Industrial Average (DJIA) found some room to move higher on Tuesday, despite a general malaise setting into other major stock indexes as the AI tech rally continues to sputter. The Dow has launched itself back toward the 48,000 region … [Continue reading]