The US Dollar trades flat, looking for direction after the Federal Reserve decision. Powell kept his cards close to his chest, not committing to any path for interest rates. The US Dollar index trades in the middle of a 30-day range … [Continue reading]
Silver Price Forecast: XAG/USD struggles to sustain above $29 as Fed signals fewer rate cuts this year
Silver price appears to be failing to maintain trade above $29.00 as the Fed sees only one rate cut this year. US bond yields rise despite traders holding Fed rate-cut bets for September. Investors await the US PPI data for further action. Silver … [Continue reading]
Australian Dollar gains ground after positive employment data
The Australian Dollar appreciated due to the higher-than-expected Employment Change. Australia’s Unemployment Rate dropped to 4.0%, from April’s 4.1% rate as expected. The US Dollar recovers losses as FOMC leaves its benchmark lending rate in a … [Continue reading]
Canadian Dollar trims gains against Greenback after Fed sees fewer 2024 rate cuts
Canadian Dollar broadly weaker on Wednesday, trims early gains against Greenback. Canada brings little of note to the table, BoC Governor Macklem due later. Cooling US CPI inflation bolsters market confidence, but Fed remains cautious. The Canadian … [Continue reading]
US Dollar plunges following soft CPI, markets await FOMC clues
USD pauses uptrend after the release of soft US inflation. Greenback to rely on FOMC meeting to dictate its next move. Investors expect hawkish hold with US central bank keeping rates at 5.25-5.50% range. On Wednesday, the US Dollar Index (DXY) saw … [Continue reading]
India Manufacturing Output down to 3.9% in April from previous 5.2%
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]
Floki price eyes rally following liquidity sweep
Floki price is approaching the bottom of the rising trendline, a key support level from which it is likely to rebound. On-chain data suggests that FLOKI’s development activity is rising, a bullish sign. A daily candlestick close below $0.000193 would … [Continue reading]
US core CPI inflation expected to ease slightly ahead of Fed decision
The US Consumer Price Index is forecast to rise 3.4% YoY in May, at the same pace as in April. Annual core CPI inflation is expected to inch lower from 3.6% in April to 3.5% in May. The inflation data could impact the US Dollar value and the … [Continue reading]
Sushiswap incorporates Sushi Labs to replace existing DAO
Sushiswap has announced the release of its new governing system, Sushi Labs. Sushi Labs will replace the previous DAO structure with a new council structure. SUSHI is down 6% amid a general crypto market dump. Sushiswap (SUSHI) revealed a change in … [Continue reading]
Forex Today: The Dollar looks bid ahead of US CPI, Fed
The Greenback extended its promising start to the week and kept the risk complex under pressure on Tuesday as market participants continued to evaluate political jitters in Europe and pre-FOMC cautiousness started to kick in. Here is what you need to … [Continue reading]