Bitcoin price is trading above $120,000 on Friday, inching closer to its all-time high of $123,218. Ethereum price has surged by over 20% so far this week, with bulls aiming for the $4,000 level next. Ripple has taken center stage, reaching a … [Continue reading]
US President Trump pushes for 15% to 20% minimum tariffs on all EU goods – FT
According to the Financial Times, US President Donald Trump has escalated his demands to the European Union (EU), eyeing at least a minimum tariff of 15% to 20% in a deal with the Eurozone, revealed three people briefed on talks.Key quotes:The US … [Continue reading]
Silver Price Forecast: XAG/USD consolidates below multi-year highs
Silver (XAG/USD) is holding firm near $38.00 after hitting a 14-year high earlier this week.The metal remains supported by an ascending channel on daily and weekly charts.RSI and ADX on the daily chart are turning higher, signaling a possible return … [Continue reading]
US UoM Consumer Sentiment Index improves to 61.8 in July vs. 61.5 expected
UoM Consumer Sentiment Index rose more than expected in July's flash estimate.US Dollar Index extends its daily slide toward 98.00.Consumer confidence in the United States (US) improved in July, with the University of Michigan's (UoM) preliminary … [Continue reading]
EUR/USD: Likely to trade in a sideways range of 1.1585/1.1655 – UOB Group
Slowing momentum suggests that instead of continuing to weaken, Euro (EUR) is more likely to trade in a sideways range of 1.1585/1.1655 against US Dollars (USD). In the longer run, EUR weakness appears to have stabilised; for the time being, it is … [Continue reading]
NZD/USD Price Forecast: 200-EMA acts as key support
NZD/USD gains to near 0.5955 as the US Dollar takes a breather after gains for over two weeks.Fed Waller reiterates the need to reduce interest rates in the policy meeting later this month.Investors await NZ’s Q2 CPI data, which will be released on … [Continue reading]
WTI drifts higher above $66.00 on brewing Middle East tension
WTI price rises to $66.15 in Friday’s early Asian session. Simmering tensions in the Middle East and strong summer demand boost the WTI price. Tariff uncertainty might cap the WTI’s upside. West Texas Intermediate (WTI), the … [Continue reading]
United States Total Net TIC Flows rose from previous $-14.2B to $311.1B in May
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]
German Chancellor Merz signals resistance to EU taxation plans
Chancellor of Germany Friedrich Merz flashed warning signs on Thursday, warning European Union (EU) plans to shore up budgets using new or increased corporate taxation schemes will likely meet resistance from the German contingent.Key highlights(The … [Continue reading]
NZD: Signs of a resurgence in inflation – Commerzbank
Prices are rising faster again in New Zealand, Commerzbank's FX analyst Volkmar Baur notes. Market prices in almost three further interest rate cuts"According to monthly price data, which only covers part of the CPI basket but is a reliable … [Continue reading]