USD/IDR extends its losses for the second consecutive day, trading around 17,860 during Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) gains strength, driven by improving market sentiment following stronger economic … [Continue reading]
Mediators push peace deal between US and Iran — FT
Mediators are making a renewed push to advance an agreement between the United States (US) and Iran, the Financial Times reported on Tuesday. This move came after US President Donald Trump said he had rejected an Iranian proposal to reopen the Strait … [Continue reading]
What will drive crypto prices? WisdomTree on the role of adoption and revenue
Increased adoption and effective revenue capture in crypto protocols could drive prices over the coming months, according to WisdomTree's Director of Digital Asset Research Dovile Silenskyte.Crypto adoption could drive price growth across marketIn an … [Continue reading]
XRP advances within a robust technical structure
Ripple (XRP) shows signs of stabilizing after reclaiming support at $1.50 on Tuesday. A robust technical structure underpins the token’s short to medium-term bullish outlook. Still, XRP is not out of the woods yet, as profit-taking and buyer … [Continue reading]
New Zealand Dollar falls toward 0.5650 despite rising RBNZ rate hike bets
NZD/USD declines to around 0.5650 at the time of writing on Tuesday, down 0.25% on the day, and remains close to its lowest level since late June. The New Zealand Dollar (NZD) remains under pressure against the US Dollar (USD) as persistent tensions … [Continue reading]
Australian Dollar: RBA’s hawkish hike caps upside – Commerzbank
Commerzbank’s Volkmar Baur reports that the Reserve Bank of Australia raised its cash rate by 25 bps to 4.6%, the highest level in about 15 years, and struck a notably hawkish tone. Despite signaling that rates could rise further as inflation … [Continue reading]
RBA set to raise interest rates in September as markets assess the next move
The Reserve Bank of Australia (RBA) is widely expected to raise the Official Cash Rate (OCR) by 25 basis points (bps) to 4.60% from 4.35% on Tuesday, after keeping rates unchanged at its previous two meetingsThe decision will be announced at 04:30 … [Continue reading]
South Korea BOK Manufacturing BSI dipped from previous 81 to 79 in October
USD/JPY finds dip-buyers and reverses part of Friday's slide driven by speculation that authorities will step in again to prop up the Japanese Yen. However, the BoJ's dovish Minutes cap the JPY. Meanwhile, the US Dollar regains traction as the … [Continue reading]
Gold just cracked $4,200: Here’s how far it could fall if the Fed keeps talking
Gold is trading below $4,200 an ounce for the first time since August 5, more than a quarter below its January record. All of its fall since late August has come while Federal Reserve (Fed) officials were making the case for rate hikes. The Fed's one … [Continue reading]
Ripple Price Forecast: XRP loses $1.50 as profit-taking outweighs ETF inflows
Ripple’s (XRP) momentum continues to weaken below $1.50 on Monday as sellers return against the backdrop of last week’s sharp breakout to highs around $1.66. Despite the remittance token falling for three consecutive days, the broader scope shows a … [Continue reading]