The Dow Jones went in both directions on Monday.US GDP, Fed rate call, PCE inflation, earnings and NFP are all due this week."Magnificent Seven" earnings figures are also on the radar.The Dow Jones Industrial Average (DJIA) tested all-new record … [Continue reading]
Gold Price Forecast: XAU/USD flirts with $3,300 amid broad US Dollar strength
XAU/USD Current price: $3,310.10US trade deals and profit taking ahead of first-tier events fueled the US Dollar.The Federal Reserve will announce its decision on monetary policy on Wednesday.XAU/USD pressures the $3,300 level, aims to break below … [Continue reading]
US Dollar gains as US-EU deal eases trade tensions
The US Dollar begins the week on a firmer footing, supported by easing global trade tensions.A breakthrough US-EU trade agreement lifts market sentiment, reducing fears of a transatlantic trade war.The DXY US Dollar Index hovers around 98.25, holding … [Continue reading]
Japanese Yen adds to intraday losses; USD/JPY jumps to 148.30 area amid broad-based USD strength
The Japanese Yen continues losing ground against the USD and lifts USD/JPY to a one-week high.Diminishing odds for an immediate BoJ rate hike and the risk-on mood seem to undermine the JPY.Subdued USD price action might cap the pair ahead of the … [Continue reading]
USD/CAD remains subdued around 1.3700 due to increased risk appetite
USD/CAD struggles following a US-EU trade agreement, which has eased fears of a broader trade conflict.The US and EU have agreed to impose a 15% tariff on EU exports to the United States.President Trump does not expect a trade deal with Canada to be … [Continue reading]
AUD/USD gathers strength to above as traders await US-China trade talks
AUD/USD gains traction to around 0.6570 in Monday’s early Asian session. US and China are expected to extend the trade truce by 90 days, said SCMP.The Fed is anticipated to leave the interest rate unchanged on Wednesday. The AUD/USD pair … [Continue reading]
Dragonfly partners could face DOJ charges as Tornado Cash Roman Storm’s trial continues
The US DOJ is reportedly considering charges against Dragonfly partners Tom Schmidt and Haseeb Qureshi.The charges could include their investment and backing of Tornado Cash and its founder, Roman Storm.Dragonfly's Haseeb stated that the firm would … [Continue reading]
EUR/USD ends week nearly 1% higher as trade optimism offsets weak US data
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline.US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations.ECB holds rates steady; next week’s focus shifts to key Fed policy decision on … [Continue reading]
Crypto market’s four-year cycle is ‘dead,’ Bitcoin halving losing importance: Bitwise executive
Bitwise's Matt Hougan said that the crypto market's historical four-year cycle is "dead".He highlighted that growing institutional adoption is not subject to crypto's traditional four-year pattern.The approval of Bitcoin ETFs in 2024 broke BTC's … [Continue reading]
US-Japan trade deal may not be as clear as Trump proclaims it to be
President Trump touted a preliminary trade deal with Japan earlier this week.Trade terms may be far less agreed-upon than White House officials led markets to believe.The announcement that Japan would invest $550B in US businesses for only 10% of the … [Continue reading]