The Australian Dollar holds ground as the RBA is highly expected to adopt a hawkish stance regarding its policy outlook. The Aussie Dollar may advance further as RBA minutes indicated that a rate cut is unlikely soon. The US Dollar received downward … [Continue reading]
USD/JPY Price Forecast: Edges up amid rising US yields, yet remains bearish
USD/JPY stays under Ichimoku Cloud and 200-DMA at 151.22, maintaining downtrend with easing selling pressure. RSI trends upward, suggesting a potential short-term rally if USD/JPY surpasses 145.00. Resistance levels at 146.42 (Tenkan-Sen), 147.91 … [Continue reading]
XRP falls under key support as Ripple whales shed holding by 140 million tokens in seven days
Ripple whales holding 100 million XRP and higher shed 140 million tokens in seven days. XRP retail investors accumulated the coin in the same time frame. XRP slips under support at $0.60, trades at $0.5950 at the time of writing. … [Continue reading]
US Dollar ticks up ahead of Durable Goods
The US Dollar steadies on Monday after a steep 1.76% sell-off last week, the worst in more than a year. Fed Chairman Jerome Powell committed to a September interest-rate cut in its Jackson Hole speech. The US Dollar index trades above 100.00 … [Continue reading]
Japanese Yen advances further due to differing policy outlooks between BoJ and Fed
The Japanese Yen appreciates due to the hawkish speech by the BoJ Governor Ueda in Parliament. The USD/JPY pair loses ground due to differing policy outlooks between the two central banks. The US Dollar lost ground following the dovish stance of the … [Continue reading]
Gold Price Forecast: XAU/USD eyes record highs at $2,532 amid dovish Fed, geopolitical risks
Gold price holds recent gains above $2,500 early Monday amid the Mid-East escalation. The US Dollar nurses losses with US Treasury bond yields on dovish Fed outlook. Gold price looks to retest all-time highs as the daily technical setup … [Continue reading]
Gold prices rise as US Dollar tumbles after Powell’s speech
Gold prices jump over 1% after Fed Chair Powell hints at upcoming rate cuts, expressing confidence in inflation nearing the 2% target. The US Dollar Index (DXY) falls 0.82% to 100.68, as Powell’s remarks push traders to bet on a 50 bps rate cut in … [Continue reading]
Mexican Peso strengthens as Powell pivot weighed on US Dollar
Mexican Peso rallies sharply with USD/MXN falling over 2%. Mexico’s economy shows mixed signals, with Q2 GDP growth at 2.1% YoY but a contraction in economic activity, as Banxico debates the appropriateness of recent rate cuts. Powell's speech at … [Continue reading]
Ethereum bulls could stage 30% rally following Fed Chair’s keynote, withdrawing over 284K ETH from exchanges
Ethereum jumped by over 6% after Fed Chair confirmed that the central bank is looking to cut rates. ETH exchange net flows hit a two-month low after buyers moved over 283.9K ETH out of exchanges. Ethereum ETFs extend outflow streak to six … [Continue reading]
SUI, OP, ZETA lead $160 million crypto token unlocks next week
The crypto market will experience a new cliff unlock supply injection next week worth $164.2 million. SUI and Optimism will witness the highest unlock event worth more than $50 million and $40 million, respectively. Ethena, DYDX, YGG and PRIME are … [Continue reading]