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]
Japan Jibun Bank Services PMI down to 49.3 in October from previous 53.1
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]
Gold prices plunge from record high amid surging US yields and US Dollar
Gold retreats from all-time high of $2,758 as US 10-year Treasury yields rise, reflecting fears of higher deficit spending under a potential Trump presidency. The US Dollar Index (DXY) hits a two-month high at 104.50, further weighing on Gold as risk … [Continue reading]
Crypto Today: Bitcoin, Ethereum and XRP fall despite key partnership announcements in crypto
Bitcoin, Ethereum and XRP declined by nearly 2% amidst rising anticipation of upcoming US presidential election. Chainlink and SWIFT announce blockchain integration to simplify settlements for financial institutions. Ripple and IBM join forces for … [Continue reading]
Pound Sterling rises as BoE Greene stays hawkish despite UK inflation decelerates
The Pound Sterling rises against the majority of its peers as BoE’s Greene attributed soft volatile components to the decline in UK inflation in September. Investors await BoE Bailey’s speech and flash S&P Global/CIPS PMI data for October. The … [Continue reading]
Gold price prints fresh all-time high as safe-haven demand offsets sustained USD buying
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support. Bets for smaller Fed rate cuts, elevated US bond yields and … [Continue reading]
Australian Dollar depreciates as growing odds of “Trump winning” increase risk aversion
The Australian Dollar loses ground as US Dollar appreciates amid higher Treasury yields. The Aussie Dollar may limit its downside due to the hawkish mood surrounding the RBA. The US Dollar receives support from rising odds of a nominal rate cut by … [Continue reading]
XRP declines 2% as SEC vs. Ripple lawsuit advances, crypto exchange Uphold expresses support to RLUSD
XRP trades at $0.5334 on Tuesday, down 2% on the day. Uphold supports Ripple’s stablecoin RLUSD, the crypto exchange comments on platform integration. XRP gears up for a nearly 7% decline in its price. Ripple (XRP) lost nearly 2% … [Continue reading]
Gold Price Forecast: XAU/USD nears $2,750 in record rally
XAU/USD Current price: $2,744.80 United States Presidential election spurs concerns about the future of interest rates. US Treasury yields extend their weekly gains amid a continued run to safety. XAU/USD keeps reaching higher highs, bulls in full … [Continue reading]
Crude Oil hovers around $70.00 as markets become more bearish
Crude Oil struggles tagline $70.00, with more downside expected. Traders expect longer sluggish demand as markets reprice Fed rate cut prospects. The US Dollar Index broke above 103.80 and tested 104.00, primed for more upside. … [Continue reading]