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]
Japanese Yen continues to strengthen following policy decisions by central banks
The Japanese Yen is gaining ground following the BoJ’s unexpected hawkish policy announcements. Japan’s Ministry of Finance reported that officials spent ¥5.53 trillion ($36.8 billion) in July to stabilize the Yen. The US Dollar depreciated after the … [Continue reading]
Ethereum Foundation continues shedding holdings amid ETH ETFs recording net inflows after four-day outflow
Ethereum ETFs' net flows turn positive after a four-day streak of strong outflows. Ethereum Foundation resumed its ETH sale following 100 ETH transfer to exchange. Ethereum is showing signs of a potential bullish reversal. Ethereum is down 0.2% on … [Continue reading]
Australian Dollar neutral after local CPI figures and Powell’s words
Aussie remains weak after CPI data from Australia. The Fed held rates steady as expected and Powell gave clear clues on the next steps. Divergences between the RBA and Fed might bail out the Aussie. The Aussie continues to underperform on Wednesday … [Continue reading]
XRP rallies to $0.65 on hope of Ripple win in SEC lawsuit
Ripple issued a new release for XRP Ledger software version 2.2.1, urging servers to upgrade. SEC vs. Ripple lawsuit ruling is awaited this week, traders keep eyes peeled for developments in the legal battle. XRP breaks sticky resistance … [Continue reading]
AUD: Underperformed on Australian inflation – BBH
The Australian Dollar (AUD) underperformed and Australian bonds surged on cooler Australia underlying inflation. The policy-relevant trimmed mean CPI rose 0.2pts less than expected by 0.8% q/q (consensus: 1.0%, prior: 1%) to be 3.9% y/y … [Continue reading]
Australian Dollar depreciates following mixed inflation data, Fed decision eyed
The Australian Dollar declines after the release of CPI data. Australia's Monthly CPI rose by 3.8% YoY, easing from the 4.0% posted in May. The US Dollar extends losses ahead of the Fed interest rate decision scheduled for Wednesday. The Australian … [Continue reading]
Breaking: Australia’s CPI inflation holds steady at 1.0% QoQ in Q2 vs.1.0% expected
Australia’s Consumer Price Index (CPI) rose 1.0% in the second quarter (Q2) of 2024, compared with the 1.0% increase seen in the first quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on … [Continue reading]
Australian Dollar continues strugguling ahead of CPI and Retail Sales
Aussie remains weak as markets await inflation data, Retail Sales from Australia. Soft China outlook generates concerns for Australian economy. RBA’s hawkish outlook might bail out the Aussie. The Aussie continues the week on a soft trajectory with … [Continue reading]
AUD/USD Forecast: Initial support emerges near 0.6500
AUD/USD resumed its downtrend and revisited 0.6530 on Tuesday. The Aussie dollar kept looking at China and commodities. Further declines remain on the cards while below the 200-day SMA. AUD/USD resumed its decline after two consecutive daily … [Continue reading]