The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.55 during the Asian trading hours on Wednesday. The DXY edges … [Continue reading]
Dow Jones Industrial Average gains 600 points on shutdown resolution expectations
The Dow Jones Industrial Average (DJIA) found some room to move higher on Tuesday, despite a general malaise setting into other major stock indexes as the AI tech rally continues to sputter. The Dow has launched itself back toward the 48,000 region … [Continue reading]
Ethereum Price Forecast: ETH investor caution persists despite exchange supply shrinking to May levels
Ethereum (ETH) falls for the second consecutive day, trading below $3,500 at the time of writing on Tuesday as bearish waves trigger a cascade of losses in the broader cryptocurrency market. The largest smart contracts token failed to sustain … [Continue reading]
Gold steady as markets balance Fed rate cut hopes with easing US shutdown risk
Gold (XAU/USD) maintains its bullish tone on Tuesday, extending Monday’s sharp advance as dovish Federal Reserve (Fed) expectations continue to underpin sentiment. However, the precious metal lacks strong follow-through buying as optimism builds that … [Continue reading]
USD/INR stays in confined range ahead of India’s retail inflation data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Tuesday. The USD/INR pair continues to trade sideways around 88.85 for almost a week as investors await a breakthrough in trade talks between the United States (US) and … [Continue reading]
Gold Price Forecast: Acceptance above $4,130 is critical for XAU/USD buyers
Gold is flirting with the $4,150 barrier early Tuesday, sitting at the highest level in three months. The focus now turns to the US ADP weekly jobs report amid a potential end to the government shutdown. Gold looks to US ADP Employment Change … [Continue reading]
GBP/JPY Price Forecast: Breaks above 203.00 as bulls eye 204.25
The Pound Sterling extended its gains versus the Japanese Yen on Monday, surpassing the 203.00 milestone as it gains over 0.54% clearing key previous resistance level turned support at the 20-day SMA at 202.37.GBP/JPY Price Forecast: Technical … [Continue reading]
Gold rises despite easing Fed cut bets, US Dollar recovery
Gold price rallies over 2% on Monday as investors increases bets on a Federal Reserve (Fed) rate cut at the December meeting. Meanwhile, news of a possible reopening of the US government pushed the Greenback higher, yet the yellow-metal buyers remain … [Continue reading]
Fed’s Daly: Looking to see if productivity gains continue
President of the Federal Reserve Bank of San Francisco Mary Daly spoke in an interview with Bloomberg Television on Monday regarding inflation and monetary policy. She mentioned that inflation has remained relatively stable in terms of goods prices. … [Continue reading]
Eurozone Sentix Investor Confidence: -7.4 (November) vs previous -5.4
GBP/USD is off the lows, keeping its range near 1.3150 in European trading on Monday. The US Dollar struggles to regain traction amid risk appetite, induced by optimism over the US government reopening. Meanwhile, Pound Sterling traders … [Continue reading]