Ripple (XRP) edges lower, trading below $2.18 at the time of writing on Friday. The sell-off has affected most major cryptocurrencies, including Bitcoin (BTC), which hovers above $100,000 and Ethereum (ETH), trading below $3,250.Several attempts to … [Continue reading]
Silver Price Forecast: XAG/USD struggles for traction, bulls eye $49.50 breakout
Silver (XAG/USD) trades little changed on Friday, hovering near $48.30 at the time of writing after easing from intraday highs, as the market remains directionless heading into the weekend. The metal has struggled to find fresh catalysts this week, … [Continue reading]
Data from China justifies Copper price correction – Commerzbank
The Copper price has recently fallen significantly from its record high at the end of October of just over $11,000 per ton, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes. Copper prices retreat from October record high"In our … [Continue reading]
US Dollar Index (DXY) picks up on risk-aversion nearing the 100.00 level
The US Dollar trims losses on Friday with investors wary of risk following another sell-off on Wall Street, as concerns of an AI bubble remain alive. The USD Index, which measures the value of the Dollar against a basket of peers, is trading at 99.85 … [Continue reading]
Silver Price Forecast: XAG/USD rises to near $48.50 as Fed rate cut bets increase
Silver price (XAG/USD) gains ground after recovering losses registered in the previous session, trading around $48.40 per troy ounce during the Asian hours on Friday. The non-interest-bearing Silver attracts buyers after soft United States (US) … [Continue reading]
GBP/USD extends much-needed recovery as Cable recovers 1.31
GBP/USD climbed on Thursday, driven into the high side by over-extended bearish price action that has plagued the pair, as well as a surprisingly close Bank of England (BoE) vote on interest rate moves that gave investors hope that the BoE might be … [Continue reading]
Dow Jones Industrial Average drops 250 points amid continued AI selloff
The Dow Jones Industrial Average (DJIA) tumbled 400 points on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks. US economic data is restricted to volatile … [Continue reading]
United States EIA Natural Gas Storage Change below expectations (34B) in October 31: Actual (33B)
EUR/USD is giving back part of its earlier gains, easing toward the 1.1520 area on Thursday. Despite the pullback, the pair remains on a firm footing, supported by the softer US Dollar, even as recent hawkish remarks from Fed officials have offered … [Continue reading]
USD/CNH: Likely to trade in a range of 7.1220/7.1350 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1220/7.1350. In the longer run, there is scope for USD to test 7.1450. Scope for USD to test 7.145024-HOUR VIEW: "We noted yesterday that 'there has been a slight increase in upward momentum', and we … [Continue reading]
Australian Dollar holds gains as US Dollar declines on fading Fed rate cut bets
Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, after registering more than 0.25% gains in the previous session. The AUD/USD pair remains steady following the release of Australia’s Trade Balance data.Australia’s Trade … [Continue reading]