Share: Canadian Dollar slips further on Wednesday as US Dollar bids firm up. Canada economic data on hold until Friday, to be overshadowed by US NFP. US ISM PMI beat expectations but still on the contractionary side. The Canadian Dollar (CAD) is … [Continue reading]
USD/CAD climbs to near 1.3350 amid firm US Dollar ahead of FOMC minutes
Share: USD/CAD advances to near 1.3350 as investors’ risk-appetite fades. The FOMC minutes will provide outlook on inflation and interest rates. Canadian jobless rate is seen higher at 5.9% vs. 5.8% in November. The USD/CAD pair jumps to near the … [Continue reading]
Switzerland SVME – Purchasing Managers’ Index climbed from previous 42.1 to 43 in December
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]
Bitcoin price trades above $45,000 even as spot BTC ETF applicants cut it close with the SEC
Share: Bitcoin price rallied by more than 6% over the weekend to hit a 21-month high, breaching the crucial resistance of $45,000. Bloomberg ETF analyst James Seyffart states that the January 9-10 approval window remains intact. Most of the … [Continue reading]
IMF’s Georgieava: Fed is definitely achieving a soft landing
Share: In an interview with CNN on Tuesday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that Americans should "cheer up" about the US economy as inflation falls further in 2024 despite a solid labour market and … [Continue reading]
XRP price eyes $0.7 as crypto markets anticipate Spot Bitcoin ETF approvals
Share: Ripple price has filled a symmetrical triangle on the weekly timeframe with prospects for more gains amid rising RSI. XRP price could rise 10% to tag the $0.7000 psychological level as altcoins poise for spot BTC ETF-related potential rally. … [Continue reading]
Gold price remains broadly bullish on high rate-cut bets
Share: Gold price eases some gains but remain in the bullish trajectory as Fed’s rate-cut bets persist. This week, the US NFP and ISM PMI reports will guide further action in the FX domain. The US Dollar advances further ahead of crucial … [Continue reading]
Gold price advances on persistently high rate-cut bets
Share: Gold price moves higher as Fed’s rate-cut bets persist. This week, the US NFP and ISM PMI reports will guide further action in the FX domain. The US Dollar advances further ahead of crucial economic data. Gold price (XAU/USD) kicks-off the … [Continue reading]
USD/CHF edges higher to near 0.8450, awaits US data for fresh impetus
Share: USD/CHF rises to near 0.8450 major level as the Greenback gains ground. US-Houthi clash in the Red Sea could reinforce the demand for the Safe-haven Swiss Franc. Traders are expected to adopt caution as recent US data indicated the slowing … [Continue reading]
NZD/USD holds above 0.6300 ahead of China’s Caixin PMI data
Share: NZD/USD trades on a softer note near 0.6313 on the downbeat Chinese economic data. The Chinese NBS Manufacturing PMI came in at 49.0 in December vs. 49.4 prior, worse than expected. The markets expect that the Fed will begin its easing cycle … [Continue reading]