Share: EUR/USD experiences downward pressure ahead of US data. ECB is expected to maintain its current interest rates; weighing on the Euro. Fed's assertion on monetary policy is contributing to the strength in US Bond yields. EUR/USD moves lower … [Continue reading]
Australian Dollar moves sideways ahead of US Nonfarm Payrolls data
Share: Australian Dollar experienced positive momentum due to the correction in the US Dollar. Australia's FSR report stated that Australian banks remain well-positioned despite elevated global and domestic risks. Investors await the US NFP … [Continue reading]
South Korea FX Reserves down to 414.12B in September from previous 418.3B
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]
ECB’s Villeroy: I don’t think an additional rate hike is justified
Share: "We've had good inflation numbers and in parallel an increase in long-term rates. It can be considered to be excessive but it helps tighten financing conditions in the European economy," European Central Bank (ECB) policymaker Francois … [Continue reading]
Bitcoin ETF approval odds at 70%, says analyst ahead of January deadline
Share: Bitcoin ETF will get approved with a 70% likelihood in January, according to analyst Alex Krüger. Crypto traders are possibly preparing to employ a "Sell the News" strategy to front-run the market, Krüger says. A rise in correlation between … [Continue reading]
Gold price surrenders modest recovery gains, remains vulnerable near multi-month low
Share: Gold price struggles to capitalize on its modest recovery gains, despite a softer USD. A fresh leg up in the US bond yields limits the USD losses and caps gains for the metal. Traders also seem reluctant to place bullish bets ahead of the US … [Continue reading]
WTI holds below $84.00 after the biggest sell-off in a year, OPEC leaves policy unchanged
Share: WTI prices remain on the defensive near $83.50 on Thursday. OPEC and its allies maintained the output policy unchanged through the end of 2023. The higher-for-longer US rate narrative weighs on the WTI prices. Oil traders await the US … [Continue reading]
Axie Infinity price inching closer to fresh 2023 lows could leave over 94% of investors at a loss
Share: Axie Infinity price is trading at $4.47 after failing a breach of the 50-day EMA, setting up for a potential decline. A drawdown in price would result in another 2.89 million AXS slipping underwater, resulting in 94.4% of investors … [Continue reading]
EUR/USD cycling 1.05, EU Retail Sales & US ADP Employment Change both miss the mark
Share: The EUR/USD reached a daily high of 1.0532 before slipping back to 1.0500. EU & US data both came in a mixed bag for Wednesday. US NFP still looms ahead on Friday. The EUR/USD clipped into a fresh daily high of 1.0532 on Wednesday after … [Continue reading]
US: S&P Global Service PMI drops to 50.1 in September
Share: US S&P Global Service PMI falls to 50.1 in September. US S&P Global Composite PMI unchanged at 50.2 in September US Dollar Index holds in negative territory around 106.70. The seasonally adjusted final S&P Global US … [Continue reading]