The Australian Dollar may advance its gains as RBA Minutes indicated current cash rates for longer. RBA’s August Meeting Minutes suggested that a rate cut is unlikely soon. The US Dollar may receive support from caution ahead of the FOMC Minutes … [Continue reading]
US Dollar loses ground as investors remain overly confident on a September cut
The US Dollar measured by the DXY Index plunges to a seven-month low amidst declining Treasury yields. Investors turn their gaze toward Powell's forthcoming address at Jackson Hole for further cues on subsequent Fed rate cuts. A September cut is … [Continue reading]
AUD/USD Price Forecast: Up, up, up you go
AUD/USD advanced to multi-week highs near 0.6750. The Dollar’s sell-off underpinned the move higher in the pair. The RBA Minutes discussed an interest rate hike. On Tuesday, AUD/USD continued its bullish momentum for the fourth consecutive day, … [Continue reading]
Mexico Retail Sales (MoM) down to -0.5% in June from previous 0.1%
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]
Japanese Yen experiences volatility as US Dollar holds gains despite a dovish Fed
The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar gains ground as Treasury yields … [Continue reading]
Japanese Yen edges lower, downside seems limited due to hawkish BoJ
The downside of the Japanese Yen could be limited as BoJ is highly expected to implement further rate hikes. Recent economic growth in Japan raises the possibility of another near-term BoJ rate hike. The US Dollar faced challenges following dovish … [Continue reading]
New Zealand Imports climbed from previous $5.47B to $7.11B in July
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]
Ethereum gas fees hit record lows as ETH attempts historical price move
Ethereum gas fees plunged to an all-time low on Saturday as ETH supply continued its uptrend. Global Ethereum ETFs saw minor inflows of $4.2 million last week despite their US counterparts recording over $14 million in outflows. Ethereum could repeat … [Continue reading]
Bitcoin struggles despite reduced miners’ selling pressure
Bitcoin price trades broadly stable, extending its consolidation between $57,000 and $62,000, and momentum indicators suggest an impending bearish trend. Data Nerd data shows Galaxy Digital withdrew on Monday 400 BTC worth $23.4 million from Binance … [Continue reading]
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $28.93 per troy ounce, down 0.36% from the $29.03 it cost on Friday. Silver prices have increased by 21.57% since the beginning of the year. Unit measure Silver … [Continue reading]