European Central Bank (ECB) policymaker Pierre Wunsch said on Wednesday that “four more rate cuts is a meaningful scenario that I feel relatively comfortable with.” Additional quotes Impact of tariffs depends on reaction in the exchange rate. A … [Continue reading]
Ripple investors book $1.5 billion in profits after RLUSD launch, XRP struggles near $2.58 resistance
XRP has risen over 10% since Ripple launched the RLUSD stablecoin. XRP investors booked nearly $1.5 billion in profits in the past 24 hours following its recent price rise. XRP struggles near the $2.58 resistance as investors maintain the $4.75 … [Continue reading]
EUR/USD unplugs bullish attempt, slips back below 1.05
EUR/USD shed a fresh fifth of a percent against the Greenback on Tuesday. Fed-centric US data docket dominates investor sentiment. EU data remains light this week, traders focus on upcoming Fed rate call. Bullish momentum behind the Euro evaporated … [Continue reading]
US Dollar sees upward momentum stall on mixed Retail Sales
DXY trades near 106.80 on Tuesday. Market focus shifts toward upcoming Fed decision on Wednesday. Retail Sales fail to boost US Dollar enthusiasm. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades … [Continue reading]
United States Industrial Production (MoM) came in at -0.1% below forecasts (0.3%) in November
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD Forecast: Pound Sterling shows signs of life but upside remains capped
GBP/USD trades marginally higher near 1.2700 in the European session. Upbeat employment data from the UK support Pound Sterling. The pair's action could turn subdues ahead of UK inflation data and Fed meeting. Following the sharp decline seen … [Continue reading]
Ripple reveals official launch for RLUSD, XRP eyes new all-time high at $4.75
Ripple announced its RLUSD stablecoin will officially launch on Tuesday. RLUSD will go live on platforms including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx. XRP could rally to a new all-time high of $4.75 if it sustains a high volume above the … [Continue reading]
EUR/USD struggles to make headway above 1.05
EUR/USD is trading thin and flat near the 1.0500 handle as bulls struggle. Another Fed rate call and other key US data will keep Fiber focused on the US side this week. Fed expected to cut rates for a third consecutive meeting on Wednesday. EUR/USD … [Continue reading]
US Dollar soft as markets brace for Fed’s decision
The DXY trades slightly lower on Monday. Markets digest recent inflation data and strong S&P PMIs figures. Attention shifts to Wednesday’s Fed rate decision. The US Dollar Index (DXY), which measures the value of the USD against a basket of … [Continue reading]
US Dollar gains with US Services PMI outpacing Germany’s positive print
The US Dollar jumps after the prelimenary December PMI data got released. Traders are back favoring the Greenback with the Services PMI beating the previous number. The US Dollar Index (DXY) moves back above 107.00 and heads to 107.35. … [Continue reading]