Euro (EUR) continued to hold on to gains above 1.09 handle vs US Dollar (USD) on prospects of a peace deal in Ukraine, potential ECB pause (in Apr) and hopes of large German spending. EUR was last seen trading at 1.0948 levels, OCBC's FX analysts … [Continue reading]
Japanese Yen continues to lose ground against the broadly recovering US Dollar
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of … [Continue reading]
USD/CAD remains on the defensive below 1.4300, Canadian CPI data in focus
USD/CAD softens to around 1.4290 in Monday’s late American session. US Retail Sales rose softer than expected in February, weighing on the US Dollar. Crude Oil prices edge higher due to geopolitical risks, supporting the commodity-linked … [Continue reading]
US Dollar remains pressured ahead of key events
DXY dips toward session lows as traders brace for Trump-Putin meeting. US Retail Sales disappoint, reinforcing concerns over economic momentum. Federal Reserve decision looms with markets positioning cautiously. Technical indicators suggest potential … [Continue reading]
US Dollar dips a touch lower in US Retail Sales aftermath
The US Dollar at Monday's low ahead of Trump and Putin on Tuesday. US bond markets are looking for direction ahead of the upcoming Fed meeting on Wednesday. The US Dollar Index dips to lower end of its range after US Retail … [Continue reading]
USD: February retail sales need to rebound – ING
Beyond all the uncertainty associated with this year's on-again-off-again US tariffs, one core theme weighing on US interest rates and equities has been the fear of a slowing US consumer. Consumption has been the outsized driver of US growth since … [Continue reading]
Gold price sits near record high, continues to draw support from the global flight to safety
Gold price remains close to all-time peak as rising trade tensions underpin safe-haven demand. Bets that the Fed will cut rates several times in 2025 lend additional support to the XAU/USD. The USD hangs near a multi-month low and further … [Continue reading]
ECB’s Villeroy: Euro should take on a more important role internationally
European Central Bank Governing Council member and Governor of the Banque de France, Francois Villeroy de Galhau, said over the weekend that the Euro should take on a more important role internationally. Key quotes The Euro should take … [Continue reading]
SEC pumps breaks on altcoin ETFs, institutional interest remains
The US SEC postponed its decisions on several spot altcoin ETF applications this week, including those for Litecoin, XRP and Solana. A K33 Research report shows there is consensus but the agency is waiting the confirmation of Trump’s nominee … [Continue reading]
Will Ripple (XRP) reach a $200 billion valuation if SEC approves altcoin ETFs in 2025?
XRP price rebounded above $2.42 on Friday, posting a 28% recovery from the weekly timeframe low of $1.90. Analysts predict an XRP ETF could attract $5 billion in inflows, mirroring Bitcoin’s ETF impact and fueling a rally. XRP must break $2.99 … [Continue reading]