Ethereum (ETH) falls for the second consecutive day, trading below $3,500 at the time of writing on Tuesday as bearish waves trigger a cascade of losses in the broader cryptocurrency market. The largest smart contracts token failed to sustain … [Continue reading]
Gold steady as markets balance Fed rate cut hopes with easing US shutdown risk
Gold (XAU/USD) maintains its bullish tone on Tuesday, extending Monday’s sharp advance as dovish Federal Reserve (Fed) expectations continue to underpin sentiment. However, the precious metal lacks strong follow-through buying as optimism builds that … [Continue reading]
USD/INR stays in confined range ahead of India’s retail inflation data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday. The USD/INR pair continues to trade sideways around 88.85 for almost a week as investors await a breakthrough in trade talks between the United States (US) and … [Continue reading]
Gold Price Forecast: Acceptance above $4,130 is critical for XAU/USD buyers
Gold is flirting with the $4,150 barrier early Tuesday, sitting at the highest level in three months. The focus now turns to the US ADP weekly jobs report amid a potential end to the government shutdown. Gold looks to US ADP Employment Change … [Continue reading]
GBP/JPY Price Forecast: Breaks above 203.00 as bulls eye 204.25
The Pound Sterling extended its gains versus the Japanese Yen on Monday, surpassing the 203.00 milestone as it gains over 0.54% clearing key previous resistance level turned support at the 20-day SMA at 202.37.GBP/JPY Price Forecast: Technical … [Continue reading]
Gold rises despite easing Fed cut bets, US Dollar recovery
Gold price rallies over 2% on Monday as investors increases bets on a Federal Reserve (Fed) rate cut at the December meeting. Meanwhile, news of a possible reopening of the US government pushed the Greenback higher, yet the yellow-metal buyers remain … [Continue reading]
Fed’s Daly: Looking to see if productivity gains continue
President of the Federal Reserve Bank of San Francisco Mary Daly spoke in an interview with Bloomberg Television on Monday regarding inflation and monetary policy. She mentioned that inflation has remained relatively stable in terms of goods prices. … [Continue reading]
Eurozone Sentix Investor Confidence: -7.4 (November) vs previous -5.4
GBP/USD is off the lows, keeping its range near 1.3150 in European trading on Monday. The US Dollar struggles to regain traction amid risk appetite, induced by optimism over the US government reopening. Meanwhile, Pound Sterling traders … [Continue reading]
Gold rises amid global growth worries, rising Fed rate cut expectations
Gold price (XAU/USD) climbs to above $4,050 during the early European trading hours on Monday. The precious metal edges higher amid uncertainty over the US economic outlook. Traders ramped up bets on a US rate cut following weak US private jobs … [Continue reading]
US shutdown end in sight as Democrats agree to funding deal — Bloomberg
The record-breaking US government shutdown is nearing an end after a group of centrist Senate Democrats agreed to support a deal to reopen the government and fund some departments and agencies for the next year, Bloomberg reported on Monday.Under the … [Continue reading]