Zcash (ZEC), MYX Finance (MYX), and Dash (DASH) are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages … [Continue reading]
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of … [Continue reading]
EUR/USD softens after eight-day rally ahead of key US PCE, Eurozone data
The Euro (EUR) trades slightly lower against the US Dollar (USD) on Thursday, weighed down by a modest uptick in the Greenback. At the time of writing, the pair is hovering near 1.1659, snapping an eight-day winning streak after briefly climbing to … [Continue reading]
CAD shrugs off renewed USMCA withdrawal threat – Scotiabank
The Canadian Dollar (CAD) shows only mild weakness after fresh headlines on a possible USMCA withdrawal, but persistent long-term trade uncertainty continues to cap gains. Despite supportive risk sentiment and narrower spreads, USD/CAD remains stuck … [Continue reading]
United Kingdom S&P Global Construction PMI came in at 39.4 below forecasts (44.3) in November
Altcoins, including Zcash, Telcoin, and Curve DAO, lead the cryptocurrency market recovery in the last 24 hours, fueled by improving investors' sentiment on Vanguard Group’s lifting the ban on crypto Exchange Traded Funds (ETFs) and Charles Schwab … [Continue reading]
EUR/JPY trades flat near 181.00 ahead of Eurozone Retail Sales release
The EUR/JPY cross trades on a flat note near 181.10 during the early European session on Thursday. Hawkish expectations of the Bank of Japan (BoJ) rate hike could provide some support to the Japanese Yen (JPY) against the Euro (EUR) in the near … [Continue reading]
Japan Foreign Investment in Japan Stocks increased to ¥655.6B in November 28 from previous ¥-348.7B
Gold is back on the front foot Wednesday, reclaiming the key $4,200 level per ounce and reversing Tuesday’s pullback. Stronger risk appetite in equities is still a headwind for the safe-haven trade, but persistent softness in the Greenback is giving … [Continue reading]
Gold floats around $4,200 amid US Dollar slide and growing Fed-pivot bets
Gold price declines some 0.20% on Wednesday as US economic data, although mixed, reaffirmes traders’ expectations for a rate cut next week at the Fed's meeting. XAU/USD trades above $4,200 after bouncing off daily highss of $4,240.Bullion declines … [Continue reading]
JPY advances on narrowing yield spreads to 2022 Lows – Scotiabank
The Japanese Yen (JPY) is strengthening again, up 0.3% against the US Dollar (USD) as USD/JPY moves back toward Monday’s lows and threatens a broader retracement of its mid-November weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric … [Continue reading]
EUR: November eurozone inflation meets expectations – Commerzbank
Eurozone inflation for November came in largely as expected, with headline at 2.2% y/y and core at 2.4%, leaving the ECB’s policy stance unchanged. With no market pressure for rate changes and core inflation above target, the Euro (EUR) remains … [Continue reading]