Share: USD/CHF declined towards 0.9040, consolidating below the 20-day SMA. Federal Reserve officials will be on the wires later in the session. FOMC minutes on Wednesday and CPI figures from September from the US the next week … [Continue reading]
EUR/USD Price Analysis: Extra gains need to clear 1.0620
Share: EUR/USD revisits the area above 1.0600 once again on Tuesday. The continuation of the rebound should target the 1.0620 area. EUR/USD regains composure following Monday’s pessimism and breaks above the 1.0600 hurdle. In case bulls regain the … [Continue reading]
Greece Industrial Production (YoY) climbed from previous -1.9% to -0.5% in August
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 test key $1,880 resistance if the recovery holds
Share: Gold price looks to build on previous recovery, eyeing key $1,880 resistance. US Dollar softens with bond yields on renewed dovish Federal Reserve expectations. Gold price has some more room to recover before sellers regain control. Gold … [Continue reading]
Bitcoin price losing bullish momentum leaves namesake tokens BCH and BSV facing losses
Share: Bitcoin price has been hovering around the $27,500 mark for the last couple of days. Over the past week, Bitcoin Cash and Bitcoin SV have accrued declines worth 11.6% and 16.13%, respectively. BTC is once again nearing the point of a bearish … [Continue reading]
Silver Price Analysis: XAG/USD recovers after Fed’s Logan words, US yields plunge
Share: XAG/USD rose to $21.85, up by more than 1%. Lorie Logan's dovish words made US yields plunge by more than 2%. Despite lower Treasury yields, the US Dollar holds its ground. On Monday, the Silver Spot price XAG/USD gained momentum, … [Continue reading]
Pound Sterling recovers as risk sentiment revives
Share: Pound Sterling faces a sell-off as the bellicose situation between Israel and Hamas dampens the market mood. UK’s manufacturing and construction activities are going through a vulnerable phase due to higher mortgage rates. BoE Bailey remains … [Continue reading]
EUR/GBP turns vulnerable as Eurozone Sentix Investor Confidence edges down
Share: EUR/GBP declined toward 0.8600 as the ECB’s higher interest rates dented the economic outlook. ECB Lagarde vowed to keep interest rates higher to bring inflation to 2% in a timely manner. BoE Bailey is confident about bringing down inflation … [Continue reading]
Base network’s TVL surges 25% fueled by USDC reminting
Share: Base network's Total Value Locked (TVL) soars by 25.23%, surpassing Ethereum Layer 2 zkSync Era. The growth is primarily driven by the minting of native USDC, which saw a 472% increase. Backed Finance recently issued tokenized ETF bIB01 on … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1789
Share: On Monday, the People’s Bank of China (PBoC) sets the USD/CNY central rate for the trading session ahead at 7.1789, compared with the 7.2945 estimated and 7.1798 on September 28. PBoC injects 20 billion Yuan via 7-day RR, sets rate at 1.8% … [Continue reading]