The US Dollar (USD) has come under fresh downside pressure on Tuesday, slipping back to the area of two-day lows as shrinking fiscal jitters in France appear to have lent some support to the broader risk-linked galaxy.Here is what you need to know on … [Continue reading]
XRP steadies as long-term buy signals face fresh resistance
Ripple (XRP) trades sideways around the pivotal $1.50 level on Tuesday. The remittance token similarly holds in a broader range with support at $1.40 and resistance at $1.60.A break on either side could set the pace and direction XRP takes in the … [Continue reading]
US Dollar: Staying supported as Fed hike base case – ING
ING’s Francesco Pesole notes that the Dollar remains supported early in the week, helped by Euro-specific weakness and higher global bond yields, even as strong equities cap gains. The ISM services data were slightly hawkish but not enough to shift … [Continue reading]
AUD/JPY Price Forecast: Strengthens above 110.00, while bearish technical bias persists
The AUD/JPY cross trades in positive territory near 110.20 during the early European trading hours on Tuesday. Traders await the speech from the Bank of Japan (BoJ) Governor Kazuo Ueda later on Tuesday for more clues on the interest rate outlook.The … [Continue reading]
US President Donald Trump signs order to ease limits on diesel variety to curb costs
US President Donald Trump signed an executive order to ease restrictions on the use of a tax-exempt variety of diesel, Bloomberg reported on Monday.Trump said the measure would “officially waive the off-road requirement and allow anyone to purchase … [Continue reading]
Singapore Dollar: MAS seen very slightly tightening – Standard Chartered
Standard Chartered’s Edward Lee expects the Monetary Authority of Singapore (MAS) to deliver another very slight tightening in October, raising the SGD NEER slope to 1.5% from 1.25% while keeping the band parameters unchanged. Lee highlights broader … [Continue reading]
Canadian Dollar attracts fresh buying after touching multi-month low
USD/CAD reverses its earlier gains on Monday as the Canadian Dollar (CAD) outperforms its major peers, while the US Dollar (USD) consolidates after mixed US business activity data. At the time of writing, the pair trades around 1.4250, easing from an … [Continue reading]
Silver Price Forecast: XAG/USD jumps to near $61.80 as hawkish Fed bets recede
Silver price (XAG/USD) is up 2.3% to near $61.80 during the European trading session on Monday. The white metal starts the week on a strong note as traders have scaled back Federal Reserve’s (Fed) interest rate expectations after soft United States … [Continue reading]
Japanese Yen steadies around 158.00 as PM Takaichi vows debt containment
The Japanese Yen (JPY) nurses marginal losses against the US Dollar (USD) on Monday but remains trading within previous ranges, with downside attempts limited as Japanese Prime Minister Sanae Takaichi pledged to keep public debt under control. The … [Continue reading]
Middle East crude oil exports rise above pre-war levels but tanker attacks increase
Crude oil exports from the Middle East exceeded pre-war levels in four of the seven days of the final week of September despite attacks on vessels passing through the Strait of Hormuz, according to provisional data from ship-tracking firm Kpler.Crude … [Continue reading]