Share: Australian Dollar strengthened in response to the increase in the S&P/ASX 200 Index. Australian share market surged to new record highs, buoyed by gains in Wall Street overnight. Chinese Manufacturing PMI declined to 49.1 and … [Continue reading]
Bitcoin price rally eases as Grayscale calls out SEC for unfair discrimination against its shareholders
Share: Bitcoin price uptrend has lost steam after a rejection from the supply zone between $62,905 and $68,212. BTC could drop 5% to $60,000 as part of a healthy correction to give sidelined investors a buying opportunity. A candlestick close below … [Continue reading]
USD/CAD finds the midrange after Thursday’s US PCE inflation prints at expectations
Share: USD/CAD softer on Thursday, moves are limited. Canada saw a mixed GDP print, and US jobless claims ticked higher. Friday to bring Canadian, US PMIs. USD/CAD rose to an intraday high of 1.3597 before backsliding to 1.3541 after US Personal … [Continue reading]
Breaking: US Core PCE inflation edges lower to 2.8% as expected
Share: Inflation in the US, as measured by the change in Personal Consumption Expenditures (PCE) Price Index, declined to 2.4% on a yearly basis in January, the US Bureau of Economic Analysis reported on Thursday. This reading followed the 2.6% … [Continue reading]
United Kingdom Net Lending to Individuals (MoM) came in at £0.8B below forecasts (£1.9B) in January
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]
Gold Price Forecast: XAU/USD could regain $2,050 on soft US Core PCE inflation data
Share: Gold price rises for the second straight day on Thursday, eyes $2,050. US Dollar slips on risk reset and expectations of soft US Core PCE inflation data. The technical setup on the 4H chart remains in favor of Gold buyers. Gold price is … [Continue reading]
Australia Private Sector Credit (YoY) climbed from previous 4.8% to 4.9% in January
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]
Coinbase exchange notes progress amid ongoing downtime
Share: Bitcoin price soared to an intraday high of $64,000 before a quick correction. Amid excessive trading, Coinbase exchange crashed with users reporting zero balance. Coinbase acknowledged the incident, committing to resolve the matter. … [Continue reading]
UK budget unlikely to shock the Pound assuming that fiscal prudence is maintained – Rabobank
Share: Next week brings the UK budget. The budget has the potential to impact the Pound Sterling (GBP) – which is currently the second best performing G10 currency in 2024 after the US Dollar, economists at Rabobank say. EUR/GBP to edge lower to … [Continue reading]
Stock Market Today: Nifty and Sensex drop over 0.50% amid broad-based selling
Share: India’s Nifty and Sensex returned to the red after opening with modest gains on Wednesday. Nifty and Sensex lose over half a percent, notwithstanding the previous rebound. Wednesday’s US GDP revision eyed ahead of Thursday’s US PCE … [Continue reading]