Ethereum transaction fees spiked 498% in the past ten days amid rising on-chain activity. Ethereum ETFs recorded $0.1 million in outflows, their lowest day of negative flows since launch. Ethereum aims for $2,817 and could post heavy gains if it … [Continue reading]
Gold price plummets Friday, still eyes weekly gains over 1%
XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by 0.16% to 100.41. Geopolitical risks rise as Israel strikes … [Continue reading]
NZD/USD Price Analysis: Bulls regain strength, technicals and daily movements signal more gains
The NZD/USD climbed to fresh highs since December. The RSI stands deep in positive area and the MACD shows rising green bars supporting an overall bullish outlook. If the bulls fail to conquer 0.6400, it might trigger a downward correction. On … [Continue reading]
US Dollar down as markets digest PCE figures from August
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US … [Continue reading]
Australian Dollar closes a strong week, in fresh highs since February 2023
AUD/USD gains traction from risk-on sentiment and China's stimulus measures. Hawkish RBA stance and soft US inflation maintain upside potential for AUD/USD. Markets are still betting on a 50 bps cut by the Fed. The AUD/USD gained traction on Friday, … [Continue reading]
US Dollar declines as PCE falls, markets confident of larger November cut
US inflation signals are cooling with PCE reading below expectations. Consumer sentiment has rebounded, indicating brighter economic expectations. USD might see additional downside if the markets remain stubborn on November’s 50 bps cut bet. The US … [Continue reading]
US UoM Consumer Confidence Index rises to 70.1 in September
Consumer confidence in the US improved by more than anticipated in September. UoM survey showed five-year inflation expectation held steady at 3.1%. Consumer confidence in the US improved in September, with the University of Michigan's Consumer … [Continue reading]
GBP/USD: Unlikely to break above 1.3455 – UOB Group
Room for the Pound Sterling (GBP) to edge higher, but any advance is unlikely to break above 1.3455. In the longer run, GBP must break and hold above 1.3455 to resume strength, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note. GBP must hold … [Continue reading]
Japan Leading Economic Index below forecasts (109.5) in July: Actual (109.3)
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]
USD/JPY holds above 145.00 after the Tokyo CPI inflation data
USD/JPY gather strength around 145.20 in Friday’s early Asian session, gaining 0.26% on the day. Tokyo CPI rose 2.2% YoY in September vs. a 2.6% rise prior. The US August core PCE data will be closely monitored. The USD/JPY pair … [Continue reading]