Share: AUD drifted higher following tentative signs of improvement in China data. Economists at OCBC Bank discuss Aussie’s outlook. Room for gains Looking out, we still favour AUD to trade higher on of expectations that China growth could stabilise … [Continue reading]
Gold price capitalizes on strong bets over Fed steady interest rate policy
Share: Gold price extends winning spell as investors see the Fed keeping interest rates on hold. The Fed is expected to announce an unchanged interest rate decision amid falling inflation and upbeat economic prospects. Worries about an economic … [Continue reading]
Forex Today: Choppy action continues ahead of key events
Share: Here is what you need to know on Tuesday, September 19: Following Monday's indecisive action, markets remain choppy early Tuesday with investors refraining from taking large positions ahead of this week's all important central bank meetings. … [Continue reading]
XRP price at risk as NYDFS removes Ripple from approved-tokens list
Share: XRP, along with another 24 tokens, is no longer greenlit as approved tokens eligible for exchange listing. The New York Department of Financial Services updated its virtual currency oversight regime, approving only eight crypto assets. XRP … [Continue reading]
WTI crude oil nears $91 on OPEC+ cuts and demand uncertainty fueling price surge
Share: WTI trades at $90.48 per barrel, up 0.09%, amid Saudi Arabia and Russia’s 1.3 million barrel production cuts aimed at market stabilization. Citi Bank and Chevron’s CEO predict Brent crude could surpass the $100 per barrel mark, signaling … [Continue reading]
AUD/USD rebounds as investors eye Fed’s decision, as Chinese data boosts the Aussie
Share: AUD/USD trades at 0.6435, recovering from a daily low of 0.6416, as Chinese economic data boosts market sentiment. US Federal Reserve expected to hold rates steady, with a 99% chance of no change, as investors await ‘dot-plots’ for future … [Continue reading]
Upward momentum remains in place for USD ahead of FOMC meeting – MUFG
Share: The Dollar is continuing to trade close to recent highs after regaining upward momentum at the end of last week. Economists at MUFG Bank analyze Greenback’s outlook. The main downside risk for the USD would be if the Fed scraps plans for one … [Continue reading]
USD Index comes under pressure near 105.20, as risk appetite improves
Share: The index extends the corrective decline to the 105.20 zone. The FOMC event will take centre stage later in the week. The USD docket includes the NAHB index and TIC Flows. The greenback, in terms of the USD Index (DXY), adds to Friday’s … [Continue reading]
New Zealand’s economy to see subdued growth for the two years ahead – NZIER
Share: Ahead of New Zealand’s (NZ) official Gross Domestic Product (GDP) data release this week, the New Zealand Institute of Economic Research (NZIER) is out with its Consensus Forecasts of the country’s growth and inflation numbers. Key … [Continue reading]
Solana price fails to break trend with longs likely to suffer
Share: Solana price remains trapped within a bearish technical formation after a rejection from the 21EMA at $19.51. SOL could fall 10% below the last lower high at around $17.29, potentially opening the drains for a prolonged downtrend. This … [Continue reading]