The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for December on Friday at 13:30 GMT. The US Dollar (USD) will likely experience heightened volatility as the employment report could provide key … [Continue reading]
Ireland Consumer Confidence increased to 61.2 in December from previous 61
Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in … [Continue reading]
United States Consumer Credit Change came in at $4.23B, below expectations ($10B) in November
Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in … [Continue reading]
XRP slides as institutional and retail demand falters
Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into … [Continue reading]
USD/CNH: Likely to trade between 6.9660 and 7.016 – UOB Group
Tentative increase in upward momentum suggests US Dollar (USD) could test 6.9950. In the longer run, outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group's FX analysts Quek Ser Leang and Peter Chia note. Outlook … [Continue reading]
WTI declines to near $56.00 as Venezuelan oil deal overshadows US inventory drawdown
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.05 during the early European trading hours on Thursday. The WTI price declines on US President Donald Trump statements on Venezuelan oil. Traders will keep an … [Continue reading]
Australian Dollar moves little following Trade Balance data
The Australian Dollar (AUD) steadies against the US Dollar (USD) on Thursday following Australia’s Trade Balance data, which showed that trade surplus narrowed to 2,936M MoM in November versus 4,353M (revised from 4,385M) in the previous reading.The … [Continue reading]
FX Today: US data remains in centre stage
The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year. Moving forward, the Greenback is expected to remain at the centre of the debate ahead of the release of … [Continue reading]
US Dollar stabilizes on mixed US data, Canadian Dollar weighed by Oil decline
USD/CAD trades around 1.3820 on Wednesday at the time of writing, up 0.10% on the day, supported by a modest rebound in the US Dollar (USD) amid mixed US economic data and persistent weakness in the Canadian Dollar (CAD).In the United States (US), … [Continue reading]
Ripple Price Forecast: XRP rally cools as on-chain metric signals profit taking
Ripple (XRP) is trading downward but holding support at $2.22 at the time of writing on Wednesday, as fear spreads across the cryptocurrency market, reversing gains made from the start of the year. Profit-taking appears to be center stage, as … [Continue reading]