The NZD/USD pair gains ground near 0.5720 during the Asian trading hours on Wednesday. Nonetheless, softer-than-expected Chinese consumer prices and rising trade tensions between the United States and China might cap the upside for the China-proxy … [Continue reading]
Trump ups the ante on anti-trade warnings against China
US President Donald Trump lashed out at China over its recent protectionist trade policies, threatening additional targeted trade restrictions if China goes ahead with imposing fresh rare earth mineral export controls and additional port fees for … [Continue reading]
USD/JPY drops as Powell flags monetary risks, trade frictions boost Yen
USD/JPY drops 0.30% on Tuesday to around 151.80 at the time of writing, in a cautious environment dominated by renewed US-China trade frictions. News that both countries are increasing port fees on cargo shipments has reignited fears of a deeper … [Continue reading]
Canada Building Permits (MoM) came in at -1.2% below forecasts (-0.1%) in August
Gold reverses an intraday slide and holds steady above $4,100, although it remains below the all-time peak touched near $4,180 earlier this Tuesday. Gold draws support from safe-haven buying amid trade and geopolitical uncertainties ahead … [Continue reading]
WTI Oil drops to the $58.00 area as global trade fears resurface
The US benchmark West Texas Intermediate Oil has lost nearly $1 per barrel on Tuesday, retreating to levels near $58.00, right above the five-month lows of $57.90 hit last week, hammered by growing trade tensions between the US and China.The world’s … [Continue reading]
Cardano Price Forecast: ADA bears regain control after rejection at key resistance
Cardano (ADA) price edges down at around $0.715 at the time of writing on Tuesday after facing rejection from the key resistance level. The bearish sentiment is further supported by the negative Spot Taker CVD (Cumulative Volume Delta) and rising … [Continue reading]
GBP/USD slips as Dollar rebounds, ahead of UK data and Fed speeches
The GBP/USD ended Monday’s session with loses of 0.13% as the Greenback staged a recovery, after US President Donald Trump tempered its rhetoric on China, over the weekend. At the time of writing, the pair trades at 1.3333 as the Tuesday’s Asian … [Continue reading]
Ethereum Price Forecast: ETH continues recovery as BitMine expands treasury by 202K ETH
Ethereum price today: $4,220Ethereum treasury BitMine scooped up over 202,000 ETH following the crypto market crash last week.The firm has now achieved more than half of its vision to acquire 5% of the entire ETH circulating supply.ETH is facing … [Continue reading]
Pi Network Price Forecast: Recovery at risk as core team wallets shift 100 million PI tokens
Pi Network (PI) edges higher by 4% at press time on Monday, extending its recovery for the third consecutive day after bouncing off the $0.2000 psychological level. Despite the short-term recovery, PI remains at risk of extended correction as … [Continue reading]
China: Export stayed resilient in September on strong demand from nonUS markets – UOB Group
Both China’s export and import growth were well-above Bloomberg’s consensus forecasts in September. China’s exports rose at the fastest pace in six months at 8.3% y/y in September (Bloomberg est: 6.6%, August: 4.4%) and imports jumped sharply by 7.4% … [Continue reading]