EUR/USD is heading south for the second consecutive day on Tuesday. The pair trades near 1.1675 at the time of writing, with France's political and fiscal crisis spooking investors while an unexpected decline in German Factory Orders add to evidence … [Continue reading]
FX option expiries for Oct 7 NY cut
FX option expiries for Oct 7 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1500 2.3b1.1650 2.6b1.1750 1.8b1.1820 2.5b1.1900 1.5b1.1950 1bUSD/JPY: USD … [Continue reading]
WTI attracts some buyers to near $61.50 as OPEC+ opts for modest oil output hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the Asian trading hours on Tuesday. The WTI drifts higher after the Organization of the Petroleum Exporting Countries and its allies … [Continue reading]
Dow Jones Industrial Average holds steady despite wobbling start on Monday
The Dow Jones Industrial Average (DJIA) struggled to keep its footing on Monday, kicking off the new trading week opening at record highs above 46,800. The Dow slipped early on Monday after investors briefly showed frayed nerves, but general market … [Continue reading]
Gold surges to fresh highs above $3,950 amid persistent safe-haven demand
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep … [Continue reading]
Gold Price Forecast: XAU/USD refreshes all-time high near $3,950 on firm Fed rate cut bets
Gold price (XAU/USD) posts a fresh all-time high around $3,950 during the European trading session on Monday. The yellow metal strengthens as traders become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 50 basis … [Continue reading]
Japanese Yen retains bearish bias as Takaichi’s win fuels fiscal easing bets
The Japanese Yen (JPY) dives to the lowest level since early August against its American counterpart at the start of a new week after a fiscal dove, Sanae Takaichi, was elected as the leader of Japan's ruling Liberal Democratic Party (LDP). Takaichi … [Continue reading]
NZD/USD holds gains above 0.5800 on worries over US government shutdown
The NZD/USD pair trades on a positive note around 0.5825 during the early Asian session on Monday. The fears of a prolonged US government shutdown continue to drag the US Dollar (USD) lower against the New Zealand Dollar (NZD). Traders await the … [Continue reading]
Bitcoin rallies above $122,000 as US buyers boost price momentum
Bitcoin (BTC) rallied above $122,000 on Friday as US traders pushed prices close to its all-time high, with open interest (OI) hitting a record $89 billion.Bitcoin nears all-time high as spot demand and leverage bets riseBitcoin rose briefly above … [Continue reading]
Ethereum Price Forecast: ETH reclaims $4,500 as delayed economic data could spur crypto rally
Ethereum (ETH) reclaimed the $4,500 level on Friday and could stretch its rally further as Coinbase researchers predicted that the crypto market could benefit from the delay in economic data.Ethereum rises following delay in NFP dataEthereum reached … [Continue reading]