Bitcoin spot ETFs received the second consecutive day of inflows this week on Tuesday. On June 5 and 6, 35,486 BTC outflowed from BitMEX, marking the second-largest BTC outflow in the exchange. Despite FUD from Mt. Gox and the German government, … [Continue reading]
Australian Dollar recovers as Fed Powell worries about easing US job market strength
The Australian Dollar recovers losses as the US Dollar edges lower on Wednesday. China’s CPI declined by 0.2% in June, compared to a 0.1% decline in May. Powell emphasized that a rate cut is not appropriate until the Fed gains confidence that … [Continue reading]
China Producer Price Index (YoY) in line with expectations (-0.8%) in June
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]
AUD/NZD sees slight uptick ahead of RBNZ decision, hawkish RBA
AUD/NZD saw a mild increase in Tuesday's session but cleared most of its gains. RBNZ decision comes up later in the Asian session with a hold priced in. The RBA maintains its hawkish tone, promoting a more favorable outlook for the Aussie. After a … [Continue reading]
Gold Price Forecast: XAU/USD hovers around $2,360 after Powell’s words
XAU/USD Current price: $2,360.03 Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee. Chairman Powell will repeat its testimony on Wednesday before a different commission. XAU/USD under modest selling pressure but … [Continue reading]
US Dollar marginally green ahead of Powell making his way to US Congress
The US Dollar trades flat on Tuesday after a choppy Monday session. Focus shifts to Fed Chairman Jerome Powell as French political headlines fade. The US Dollar index hovers around 105.00 with a small bounce-off support. The US … [Continue reading]
Japanese Yen depreciates due to foreign outflows, awaits Fed’s report
The Japanese Yen struggles due to overseas asset purchases by Japanese individuals through the NISA program. The BoJ is set to evaluate a viable strategy for reducing its government bond purchases. Fed Chair Powell may deliver a comprehensive review … [Continue reading]
Gold Price Forecast: XAU/USD defends $2,350 support, as Powell’s testimony grabs attention
Gold price rebounds early Tuesday after the pullback from six-week highs of $2,393 on Monday. The US Dollar holds the downside in sync with Treasury bond yields, as risk appetite returns. Gold price stays ‘buy-the-dips-‘ trade on increased Fed rate … [Continue reading]
NZD/USD Price Analysis: Bears tests critical support of 20-day SMA
NZD/USD saw slight losses but maintained a position above the crucial 20-day SMA support around 0.6120. The technical outlook remains positive, despite Monday's bearish activity. Bears are testing the 20-day SMA strength. On Monday, the NZD/USD … [Continue reading]
EUR/USD Forecast: All the attention is now on Powell and US data
EUR/USD met some initial resistance near 1.0850 The slight recovery in the Dollar weighed on the pair. Markets’ focus now shifts to Powell’s testimony and US CPI. The US Dollar (USD) managed to regain some composure on Monday, sparking some reaction … [Continue reading]