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 price regains positive traction amid a modest USD pullback from one-week high
Gold price attracts fresh buyers on Wednesday amid a modest USD pullback from a one-week peak. Concerns about an economic slowdown, along with geopolitical risks, lend support to the commodity. A further recovery in the US bond yields could underpin … [Continue reading]
USD/CAD trades with mild gains above 1.3600, Fed cuts rates for first time in four years
USD/CAD trades in positive territory near 1.3605 in Thursday’s early Asian session. The Fed lowered its benchmark interest rate by a half percentage point at its September meeting on Wednesday. Both faster rate cuts and slower cuts are on … [Continue reading]
Powell speech: If economy remains solid, we can dial back pace of cuts
Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference. Key … [Continue reading]
EUR/JPY falls below 158.00 as EU inflation approaches ECB target
Eurozone’s HICP rose 2.2% YoY in August, aligning with expectations but capping the Euro's recovery. ECB official Francois Villeroy signals potential rate cuts, while Bundesbank’s Joachim Nael warns inflation isn’t yet at target levels. BoJ’s policy … [Continue reading]
GBP/USD Forecast: Pound Sterling gathers bullish momentum after UK data, Fed is next
GBP/USD trades in positive territory above 1.3200 on Wednesday. Annual core CPI rose at a stronger pace than expected in August. The Fed is widely expected to lower the policy rate after the September meeting. GBP/USD gained traction in the European … [Continue reading]
Binance addresses WazirX and Zettai accusations on the July hack
The WazirX team and Nischal Shetty continue to mislead customers about a $230 million hack in July, according to Binance. On Tuesday, crypto exchange Binance addressed “inaccurate and misleading statements” from Zettai and WazirX regarding Binance. … [Continue reading]
NZD/USD strengthens near 0.6200, all eyes on Fed rate decision
NZD/USD gains ground near 0.6190 in Wednesday’s early Asian session. The Fed is anticipated to reduce its borrowing costs on Wednesday. New Zealand’s GDP will be released on Thursday, and it is projected to contract by 0.4% QoQ in … [Continue reading]
XRP gains likely, pro-Ripple attorney says small investors lost $15 billion on account of SEC
XRP holds steady above support at $0.5800 on Tuesday, gears up for a recovery above $0.6000. Pro-Ripple Attorney John Deaton strongly criticized the SEC in recent interview. XRP gains slightly on the day, the altcoin trades at $0.5860. … [Continue reading]
BTC shows signs of recovery as Microstrategy buys more Bitcoins, US ETFs see mild inflow
Bitcoin approaches the key daily support level of $56,000, eyeing for a recovery. Microstrategy announces $700M private offering for debt buyback and Bitcoin acquisition. CME Group data projects a higher 69% chance of a 50 bps rate cut by the US … [Continue reading]