The AUD/JPY cross trades on a stronger note near 99.35 during the early European session on Friday. Hope for a US-China trade deal provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY). Traders will take more cues from … [Continue reading]
Australian Dollar remains steady following PMI data
The Australian Dollar (AUD) steadies against the US Dollar (USD) after the release of the preliminary S&P Global Purchasing Managers Index (PMI) on Friday. Traders await key quarterly inflation data for Australia next week that could shape the … [Continue reading]
Dow Jones Industrial Average trims recent declines on Thursday
The Dow Jones Industrial Average (DJIA) found slim gains on Thursday, climbing around 150 points and clawing back some of the losses that pummeled the major equity index the previous session. Investors remain leery of a fresh steepening of the … [Continue reading]
Gold Price Forecast: XAU/USD aims to recover ahead of US CPI data
XAU/USD Current price: $4,134.50The September US Consumer Price Index will be released on Friday.The absence of a clear catalyst maintains investors sidelined.XAU/USD holds on to modest intraday gains aims to extend its recovery.The XAU/USD pair … [Continue reading]
Canada Employment Insurance Beneficiaries Change (MoM): 0.1% (August) vs previous 1.2%
Gold advances marginally on Thursday, trying to leave behind part of the recent deep sell-off and hovering around the $4,100 region per troy ounce amid a firm US Dollar, mixed US Treasury yields and concerns on the trade front. In addition, rising … [Continue reading]
EUR: Heading into a non-event ECB – ING
EUR/USD is hovering around 1.160, a level that, in our view, can work as an anchor again today and possibly for a few more days should US CPI fail to add much to the US Dollar (USD) narrative, ING's FX analyst Francesco Pesole notes.Next week’s ECB … [Continue reading]
Kadena drops 70% as blockchain announces shutdown and exchanges begin delisting
Kadena (KDA) price drops below $0.065 at the time of writing on Thursday after crashing more than 70% so far this week. This price drop comes as the company behind the Kadena network announced that it's closing down due to market conditions. Adding … [Continue reading]
US President Donald Trump: Long meeting scheduled with Xi, thinks something will work out
US President Donald Trump said late Wednesday that a long meeting is scheduled with China's Xi Jinping in South Korea and thinks something will work out.Key quotesLong meeting scheduled with China's Xi in South Korea and thinks something will work … [Continue reading]
FX Today: Attention remains on US-China trade and US shutdown
The US Dollar (USD) snapped a multi-day positive run, coming under renewed downside pressure after hitting fresh weekly highs amid somewhat mitigated concerns on the US-China trade front, while the lack of news surrounding a deal to end the US … [Continue reading]
Gold stabilizes above $4,000 as bulls attempt to regain short-term control
Gold (XAU/USD) is attempting to stabilize on Wednesday after a brutal selloff from record highs the previous day, though the metal remains under pressure as broader risk sentiment improves. At the time of writing, XAU/USD is trading around $4,065, … [Continue reading]