EUR/USD recovers to near 1.0500 as the US Dollar tumbles after Trump’s pick of Scott Bessent as Treasury Secretary The US Dollar weakens, tracing plunging bond yields. ECB Lane warned that US tariffs could lead to a big disruption in the … [Continue reading]
Gold price sticks to heavy intraday losses amid risk-on mood, holds above $2,650 level
Gold price falls sharply from a three-week high in the wake of the risk-on environment. Bets for slower Fed rate cuts also drive flows away from the non-yielding yellow metal. Retreating US bond yields prompt USD profit-taking and could … [Continue reading]
NZD/USD holds positive ground above 0.5850, RBNZ rate decision in focus
NZD/USD gains traction to around 0.5860 in Monday’s Asian session, up 0.55% on the day. RBNZ is likely to reduce the OCR by 50 bps on Wednesday, bringing the rate to 4.25%. The cautious stance from the Fed might support the USD. … [Continue reading]
New Zealand Trade Balance NZD (MoM) climbed from previous $-2108M to $-1544M 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]
Dogecoin Price Forecast: Bulls deploy $355M in DOGE longs amid Gensler exit confirmation
Dogecoin price bounced 13% higher to reclaim territory above $0.40 on Friday, snapping a weeklong consolidation phase. DOGE traders deployed $355 million on leveraged long positions following Gary Gensler’s exit confirmation. DOGE price trading … [Continue reading]
Crypto Today: XRP gains 10%, Cardano, XRP, and DOGE price rallies, delay Bitcoin’s $100K breakout
The global cryptocurrency market capitalization grew by $230 billion on Friday crossing the $3.29 trillion mark. The cryptocurrency sector valuation has scored new all time highs in each of the last 5 trading days Bitcoin dominance (BTC.D) fell below … [Continue reading]
Gold closes week above $2,700, US PCE data in Focus
Gold prices rally 1.50% on Friday, boosted by a decrease in US 10-year Treasury yields to 4.40%. Escalating geopolitical concerns, including potential expansion of the Russia-Ukraine conflict, fuel demand for Bullion’s safe-haven status. US economic … [Continue reading]
Mexican Peso stages late recovery, finishes week down
Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. … [Continue reading]
US Dollar gives up gains from two year highs, closes the week strong
US Dollar Index declines below 108.00 on Friday, November 22. DXY retreats from 2-year high despite strong S&P PMI data; profit-taking and China's stimulus package contribute to pullback. Fed officials remain cautious with Barkin citing inflation … [Continue reading]
Australian Dollar softens as markets digest both Judo and S&P PMIs
Aussie dropped 0.27% to 0.6495 in Friday's trading. Mixed Judo Bank PMI data impacted the AUD, with strong manufacturing but weak service sector activity. S&P PMI data from the US came in strong. The AUD/USD declined just below 0.6500 as the … [Continue reading]