Bitcoin price is holding well above $69,000 threshold despite analysts speculating bearish calls. Rumors have it that Morgan Stanley will approve BTC ETFs on their platform soon. Bitcoin nears a big sell wall with rising open interest signaling … [Continue reading]
Gold price remains buoyant on firm Fed rate cut projections
Gold price jumps higher as expectations that the Fed will cut interest rates in June remain firm. The Fed appears confident that inflation is easing toward the 2% target. Investors await the US core PCE inflation for fresh guidance. Gold price … [Continue reading]
Dollar crosses to keep stabilising until Friday’s US PCE – ING
FX markets are still struggling to find direction. Economists at ING analyze Dollar’s outlook. Keep an eye on a speech by the Fed’s Christopher Waller Today, monthly wholesale sales and inventory revisions are the only data releases on the calendar … [Continue reading]
BoJ’s Tamura: Can’t say decisively now how much BoJ wll hike rates
Bank of Japan (BoJ) board member Naoki Tamura is back on the wires, via Reuters, on Wednesday, making some comments on the central bank’s interest rate outlook. Key quotes We will set short-term rates at appropriate level while scrutinising … [Continue reading]
ASX 200 rises to near 7,800 following the softer monthly Australian CPI
ASX 200 Index follows the top performing Health Care and Consumer Staples sectors. Wall Street experienced losses across all three US benchmarks due to profit booking and market revaluations. Barton Gold has initiated a $4 million capital-raising … [Continue reading]
Gold outshines as US Dollar wavers, boosted by falling US yields
Gold rises amid US Dollar fluctuations and lower US Treasury yields. DXY's slight increase contests Gold's ascent, but bond rates boost it. Mixed US data: High Durable Goods Orders, lower Consumer Confidence sway sentiment. Gold price trades in the … [Continue reading]
New Zealand Dollar trades mixed after positive start on risk appetite
The New Zealand Dollar trades mixed after a positive start on risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow … [Continue reading]
New Zealand Dollar recovers on positive risk tone
The New Zealand Dollar rises on positive risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow growth. The New … [Continue reading]
Australian Dollar moves back and forth, China’s Xi Jinping to meet with US executives
Australian Dollar moves back to the positive zone amid tepid US Dollar. Australian equity market experiences gains; supporting the Aussie Dollar. Bloomberg survey of economists finds the consensus expectation is for the PBoC to … [Continue reading]
GBP/USD edges higher amid softer USD, upside potential seems limited
GBP/USD attracts some buyers for the second straight day, albeit lacks bullish conviction. Rising bets for an imminent interest rate cut by the BoE continue to cap gains for the GBP. The Fed’s projected three rate cuts in 2024 keep the USD on the … [Continue reading]