The Australian Dollar appreciates as the RBA is widely expected to maintain its hawkish policy stance in November. The commodity-linked AUD receives support from stimulus measures in China, Australia’s largest trading partner. The risk-sensitive … [Continue reading]
Ethereum could be heavily impacted by US election results as expert weigh in
Ethereum investors expect increased volatility as the US election draws near, considering DeFi's regulatory uncertainties. A few whales sold portions of their holdings in contrast to ETH ETF inflows. Ethereum could reclaim the $2,395 level if it … [Continue reading]
XRP suffers 4% decline as SEC appeals ruling in Ripple lawsuit
XRP struggles as SEC appeals $125 million ruling in Ripple lawsuit on Thursday. Pro-crypto attorneys and experts warn XRP traders of the impact of an appeal and how the altcoin could lose its legal clarity. XRP trades down to $0.5162, could … [Continue reading]
US Dollar on its way to two-month high in the DXY
The US Dollar gains further after former NY Fed President Dudley commented on Fed rate cut path. Reports are coming in from explosions being heard in Beirut. The US Dollar Index tests the upper band of its September range for a potential … [Continue reading]
Gold stuck in a range after collapse of aggressive Fed bets, haven demand underpins
Gold oscillates in a tight range after bets fade that the Fed will continue slashing interest rates aggressively. Support for Gold comes from increasing geopolitical risks and lower interest rates globally. Technically, XAU/USD begins a leg … [Continue reading]
EUR/USD touches three-week low, around 1.1030 amid stronger USD
EUR/USD continues to lose ground for the fifth straight day amid sustained USD buying interest. Diminishing odds for an aggressive Fed policy easing and geopolitical risks underpin the buck. Bets that the ECB will cut rates in October weigh on the … [Continue reading]
Japan Jibun Bank Services PMI below expectations (53.9) in September: Actual (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]
Ethereum could bounce off $2,395 support as investors buy the dip
Ethereum ETF sees $48.6 million in outflows amid growing Middle East war. Ethereum exchange net outflow suggests investors may be buying the dip. Ethereum could bounce off the $2,395 support level as funding rates have remained largely positive. … [Continue reading]
China: Lift to GDP forecast after leaders draw line in the sand – Danske Bank
Following the big stimulus and clear growth message from Chinese leaders, we revise up our China growth forecast in 2025 from 4.8% to 5.2%. For 2024 we keep our 4.8% forecast, Danske Bank’s analyst Allan von Mehren notes. All clear to go for growth … [Continue reading]
NZD: Peering around corners – Rabobank
In view of expectations that further rate cuts are on the cards from the Fed, the ECB and various other G10 central banks during Q4, the impact of RBNZ policy easing on the NZD crosses will likely be offset, Rabobank’s FX strategist Jane Foley notes. … [Continue reading]