The Canadian Dollar (CAD) churned within familiar levels on Monday as investors brace for double-header central bank showings this week. Both the Bank of Canada (BoC) and the Federal Reserve (Fed) will be debuting their latest interest rate decisions … [Continue reading]
XRP Price Forecast: XRP bulls defend critical support despite 40% drop in Open Interest
Ripple (XRP) remains above a key support of $2.61 at the time of writing on Monday. The international money transfer token has largely been in bullish hands since Thursday, reflecting a return of positive sentiment in the broader cryptocurrency … [Continue reading]
EUR/USD appreciates on bright German business climate, risk-on markets
EUR/USD trims some losses and returns above 1.1640 from session lows at 1.1620, supported by a larger.than-expected recovery on German business sentiment on Monday. The pair, however, remains within previous ranges as investors bid their time … [Continue reading]
Australian Dollar extends gains due to rising hopes for US-China trade deals
The Australian Dollar (AUD) advances against the US Dollar (USD) after opening from a gap up on Monday due to optimism over progress in the United States (US)–China trade negotiations. Traders await the key upcoming Q3 and the September monthly … [Continue reading]
US Dollar Index weakens below 99.00 as soft US CPI inflation data keeps Fed on track for rate cut
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.80 during the early Asian session on Monday. The DXY softens amid the … [Continue reading]
Bitcoin could push to new highs if large holders resume accumulation
Bitcoin's (BTC) next move could be determined by Dolphin holders, which now collectively hold about 26% the top crypto's circulating supply, according to on-chain analytics platform CryptoQuant.Bitcoin's next move hangs in the balance of Dolphin … [Continue reading]
EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance
EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates.Euro supported by upbeat … [Continue reading]
USD/CHF Price Forecast: Stays range-bound below 0.8000
The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.USD/CHF Price Forecast: Technical outlookThe … [Continue reading]
Dow Jones Industrial Average reaches record high on softer inflation data
The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever. Investor sentiment hit high gear after US Consumer Price Index (CPI) inflation came in below expectations, … [Continue reading]
Ethereum Price Forecast: ETH could regain momentum following soft US CPI print
Ethereum price today: $3,920Ethereum briefly reclaimed $4,000 as the US recorded a softer-than-expected CPI in September.ETH is showing signs of recovery, with investors projecting an 85% chance of two more rate cuts in 2025.The top altcoin has … [Continue reading]