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]
Pound Sterling extends gains due to stronger wage growth, UK Inflation eyed
Share: Pound Sterling delivers a breakout of the consolidation after UK’s ONS reported weak labor market data. United Kingdom labor market witnessed lay-offs in June and a healthy jump in jobless claims in July. Britain’s Unemployment Rate rose to … [Continue reading]
Gold price remains vulnerable amid resilient US yields, US Retail Sales eyed
Share: Gold price continues its south-side move amid resilient US Dollar and Treasury yields. Investors await the US Retail Sales data for July, which is seen expanding with higher momentum. An economic slowdown in China improves the appeal of the … [Continue reading]
USD/JPY retreats towards 145.00 as upbeat Japan statistics join US Dollar’s pullback ahead of Retail Sales
Share: USD/JPY prints the first daily loss in seven while reversing from YTD high, pressured around intraday low of late. Upbeat Q2 GDP from Japan, Industrial Production for June join sluggish yields at multi-day high to tease Yen pair sellers. … [Continue reading]
DOJ charges Sam Bankman-Fried for donating $100 million stolen customer funds to politics, FTT price suffers
Share: The Department of Justice has levied superseding charges against Sam Bankman-Fried after court declared jail term pending hearing. The prosecution seeks to indict SBF for donating $100 million to politicians in the 2022 elections from stolen … [Continue reading]
EUR/USD Forecast: Setting the stage for further declines
Share: The EUR/USD pair is consolidating below key SMAs (Simple Moving Averages). The US Dollar remains firm in the market, with the DXY posting its highest close in a month. The Euro also dropped against the Swiss Franc and Pound. The EUR/USD … [Continue reading]
Silver Price Analysis: XAG/USD clears daily losses, limited by rising US yields
Share: XAG/USD dropped to a daily low of $22.35 but then settled at around $22.60. Risk aversion dominates the markets, strengthening the USD. Eyes on Wednesday’s FOMC minutes from July’s meeting. At the start of the week, risk-off flows … [Continue reading]
Altcoin mania and Bitcoin ETF approval remain hot topics; here’s what to expect this week
Share: There are no major crypto or macroeconomic events scheduled for this week, so we are going to focus on three aspects. Bitcoin ETFs Bitcoin price action Altcoins Bitcoin ETF disappoints again The United States Securities and Exchange … [Continue reading]
EUR/USD can fall as low as 1.0830/1.0845 – ING
Share: EUR/USD softens. Economists at ING analyze the pair’s outlook. Equity markets will not be helping Unless there is some surprise turnaround in the Chinese story, it looks as though EUR/USD can break below support at 1.0925/1.0930 – … [Continue reading]
USD/CAD Price Analysis: Pierces 200-DMA, key resistance line as Canada Inflation, Fed Minutes loom
Share: USD/CAD takes the bids to refresh intraday high, jostles with crucial resistances. Bullish MACD signals, sustained upside break of four-month-old rising trend line favor Loonie pair buyers. Sellers need validation from April’s low to retake … [Continue reading]