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]
EUR/GBP ticks down to near 0.8700, BoE policy takes centre stage
EUR/GBP trades subduedly around 0.8700, while focus shifts to the BoE’s monetary policy on Thursday.The BoE is expected to cut interest rates by 25 bps to 4%.Eurozone’s investors' confidence has declined significantly in August.The EUR/GBP pair edges … [Continue reading]
Japan Jibun Bank Services PMI up to 53.6 in July from previous 53.5
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]
Toncoin eyes ascending triangle support following Verb Technology’s $558 million TON reserve plan
Verb Technology plans to launch the first ever TON treasury following a $558 million PIPE investment.The company revealed it will rebrand as TON Strategy following the close of the PIPE deal.Verb shares skyrocketed over 150% following the … [Continue reading]
AUD/USD Price Forecast: Positive outlook intact above the 200-day SMA
AUD/USD faltered just ahead of the key 0.6500 barrier on Monday.The US Dollar advanced amid decent gains following Friday’s sell-off.Australia’s final PMIs are next, alongside business activity prints in China.The Australian Dollar (AUD) struggled to … [Continue reading]
Gold Price Forecast: XAU/USD returns above 20-day EMA as Fed dovish bets soar
Gold price rebounds above the 20-day EMA amid accelerating Fed interest rate cut bets.Soft US NFP data has weighed heavily on US Treasury yields.Gold price oscillates inside the Symmetrical Triangle formation.Gold price (XAU/USD) clings to gains near … [Continue reading]
Australian Dollar steadies as US Dollar advances due to risk-off sentiment
The Australian Dollar moves sideways amid increased risk aversion.The AUD found support after Australia was excluded from the latest round of US tariff increases.A weaker US jobs data led markets to price in two interest rate cuts by the Fed.The … [Continue reading]
NZD/USD softens to near 0.5900 ahead of China’s trade deadline
NZD/USD slumps to around 0.5915 in Monday’s Asian session.US July NFP report showed a deteriorating labor market, boosting the odds of a September Fed rate reduction.New Zealand’s employment data will be the highlight later on … [Continue reading]
United States Total Vehicle Sales up to 16.4M in July from previous 15.3M
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]
USD/JPY Price Forecast: Slides over 2% on weak US data, tumbles below 147.50
USD/JPY drops from 150.91 to 147.28 on soft Nonfarm Payrolls.Pair falls below 200-day and 20-day SMAs, RSI turns bearish.Next key support sits at 145.71, where 50- and 100-day SMAs converge.The USD/JPY is set to end the week with losses of 0.18% … [Continue reading]