GBP/USD trades in positive territory above 1.3200 on Wednesday. Annual core CPI rose at a stronger pace than expected in August. The Fed is widely expected to lower the policy rate after the September meeting. GBP/USD gained traction in the European … [Continue reading]
Binance addresses WazirX and Zettai accusations on the July hack
The WazirX team and Nischal Shetty continue to mislead customers about a $230 million hack in July, according to Binance. On Tuesday, crypto exchange Binance addressed “inaccurate and misleading statements” from Zettai and WazirX regarding Binance. … [Continue reading]
NZD/USD strengthens near 0.6200, all eyes on Fed rate decision
NZD/USD gains ground near 0.6190 in Wednesday’s early Asian session. The Fed is anticipated to reduce its borrowing costs on Wednesday. New Zealand’s GDP will be released on Thursday, and it is projected to contract by 0.4% QoQ in … [Continue reading]
XRP gains likely, pro-Ripple attorney says small investors lost $15 billion on account of SEC
XRP holds steady above support at $0.5800 on Tuesday, gears up for a recovery above $0.6000. Pro-Ripple Attorney John Deaton strongly criticized the SEC in recent interview. XRP gains slightly on the day, the altcoin trades at $0.5860. … [Continue reading]
BTC shows signs of recovery as Microstrategy buys more Bitcoins, US ETFs see mild inflow
Bitcoin approaches the key daily support level of $56,000, eyeing for a recovery. Microstrategy announces $700M private offering for debt buyback and Bitcoin acquisition. CME Group data projects a higher 69% chance of a 50 bps rate cut by the US … [Continue reading]
EUR/USD climbs to near 1.1150 on firm Fed big rate cut bets
EUR/USD rises to near 1.1150 as firm Fed large rate cut prospects weigh on the US Dollar. The Fed is expected to cut interest rates by 100 bps by year-end. ECB policymakers push back against market October rate cut prospects. EUR/USD rises to near … [Continue reading]
India WPI Inflation below forecasts (1.8%) in August: Actual (1.31%)
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]
Australian Dollar edges lower due to rising concerns over Chinese economic outlook
The Australian Dollar depreciates as analysts noted that the weak economic data indicates serious challenges for the China’s economic outlook. The Aussie Dollar’s downside could be restrained due to hawkish sentiment surrounding the Reserve Bank of … [Continue reading]
NZD/USD Price Analysis: Bulls push back and attempt to regain the 20-day SMA
The NZD/USD pair has been trading choppily within a range between 0.6120 and 0.6200 in the last sessions. The RSI is in positive territory with a rising slope, suggesting that buying pressure is increasing. On Monday, the NZD/USD pair rose by … [Continue reading]
Dow Jones Industrial Average tests fresh record high as Fed rate call looms
The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into … [Continue reading]