Gold rebounds 0.69% despite significant US job additions, challenging Fed's rate cut path. Gold recovers from post-labor report drop as investors weigh Fed's cautious disinflation stance. Upcoming US inflation and retail sales data set to influence … [Continue reading]
Australian Dollar plunges to fresh multi-year low after upbeat US NFP data
AUD tumbles 0.73% to 0.6155 on Friday. Hotter-than-expected NFP bolsters USD demand. Fed’s hawkish tilt and trade tensions between the US and China weigh on Aussie. The Australian Dollar remains under intense selling pressure following … [Continue reading]
Mexican Peso falls to lowest level in six days, further losses expected
Mexican Peso is under pressure, falling over 1% as USD/MXN hits a six-day high at 20.74. Strong December US Nonfarm Payrolls boost dollar; Fed may hold rates longer. Banxico minutes hint at larger rate cuts, adding pressure on the Peso. The Mexican … [Continue reading]
US Dollar adds gains after NFPs figures
December’s NFP report showed better results than expected. The Federal Reserve’s easing timeline faces fresh scrutiny after Unemployment Rate falls. Higher Treasury yields and lingering inflationary pressures reinforce the Greenback’s appeal across … [Continue reading]
Silver Price Forecast: XAG/USD surges above $30.00 amid high US yields, strong USD
Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny. Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80. Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near … [Continue reading]
Australian Dollar struggles near multi-year lows as USD strength dominates
The AUD/USD declined by 0.55% to 0.6165 on Friday, hanging near multi-year troughs as a hawkish Federal Reserve and elevated US bond yields after a strong US Nonfarm Payrolls (NFP) from December supported the US Dollar. Bearish sentiment around the … [Continue reading]
Dow Jones Industrial Average backslides after NFP beat sours rate cut hopes
The Dow Jones tumbled 700 points on Friday after NFP figures surged in December. Market bets for Fed rate cuts sank, rate traders now expect a single rate cut this year. Consumer sentiment and inflation expectations also rose, further hitting risk … [Continue reading]
Binance, Uniswap, Bitget traders see $14.8B market cap rise as exchange tokens rebound
BNB, UNI and BGB prices recorded over 3% gains as crypto markets rebounded on Friday Exchange native tokens market cap grew by $14.8 billion in the last 24 hours. Historical trends indicate that increased demand for exchange tokens signals the … [Continue reading]
Solana Price Forecast: SOL network update signals more downside risks
Solana price stabilized above the $180 mark on Friday, capping weekly losses at 15.7%. Solana’s recent proposal to implement a lattice-based hashing system has sparked mixed community reactions. Tristan Frizza, founder of Zeta Markets, told FXStreet … [Continue reading]
Three reasons why Bitcoin might correct while XRP, Ethereum rally next week
Ethereum experts predict relatively high implied volatility and optimism ahead of the upcoming technical upgrade. Bitcoin miners are currently profitable but a deeper pullback in Q1 2025 is likely, according to Bitfinex analysts. Ripple’s … [Continue reading]