Aussie remains weak after CPI data from Australia. The Fed held rates steady as expected and Powell gave clear clues on the next steps. Divergences between the RBA and Fed might bail out the Aussie. The Aussie continues to underperform on Wednesday … [Continue reading]
XRP rallies to $0.65 on hope of Ripple win in SEC lawsuit
Ripple issued a new release for XRP Ledger software version 2.2.1, urging servers to upgrade. SEC vs. Ripple lawsuit ruling is awaited this week, traders keep eyes peeled for developments in the legal battle. XRP breaks sticky resistance … [Continue reading]
AUD: Underperformed on Australian inflation – BBH
The Australian Dollar (AUD) underperformed and Australian bonds surged on cooler Australia underlying inflation. The policy-relevant trimmed mean CPI rose 0.2pts less than expected by 0.8% q/q (consensus: 1.0%, prior: 1%) to be 3.9% y/y … [Continue reading]
Australian Dollar depreciates following mixed inflation data, Fed decision eyed
The Australian Dollar declines after the release of CPI data. Australia's Monthly CPI rose by 3.8% YoY, easing from the 4.0% posted in May. The US Dollar extends losses ahead of the Fed interest rate decision scheduled for Wednesday. The Australian … [Continue reading]
Breaking: Australia’s CPI inflation holds steady at 1.0% QoQ in Q2 vs.1.0% expected
Australia’s Consumer Price Index (CPI) rose 1.0% in the second quarter (Q2) of 2024, compared with the 1.0% increase seen in the first quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on … [Continue reading]
Australian Dollar continues strugguling ahead of CPI and Retail Sales
Aussie remains weak as markets await inflation data, Retail Sales from Australia. Soft China outlook generates concerns for Australian economy. RBA’s hawkish outlook might bail out the Aussie. The Aussie continues the week on a soft trajectory with … [Continue reading]
AUD/USD Forecast: Initial support emerges near 0.6500
AUD/USD resumed its downtrend and revisited 0.6530 on Tuesday. The Aussie dollar kept looking at China and commodities. Further declines remain on the cards while below the 200-day SMA. AUD/USD resumed its decline after two consecutive daily … [Continue reading]
Euro area: moderate but uneven growth – Commerzbank
Gross domestic product in the euro area rose again by 0.3% in the second quarter. While Spain's economy grew significantly, Germany's economy actually fell slightly. Once again, strong foreign trade apparently supported growth in the euro area, … [Continue reading]
EUR/USD hovers above 1.0800 with focus on Eurozone data and Fed policy
EUR/USD trades sideways above 1.0800 ahead of crucial Eurozone/US macroeconomic events. The ECB may cut interest rates two more times this year. The Fed is expected to openly endorse rate cuts in September. EUR/USD exhibits a sideways performance in … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin finds rejection around the $70,000 level
Bitcoin price faces rejection around the weekly level of $69,648, a close above it would indicate a bullish move. Ethereum price finds support around the daily level of $3,076, signaling a potential bullish trend on the horizon. Ripple price finds … [Continue reading]