Bitcoin price today: $94,850 Bitcoin price declines on Thursday after recovering from a pullback earlier this week. Investors remain cautious, recalling the 2020 ‘Thanksgiving Massacre,’ when Bitcoin plunged over 17% in a few hours. Reports … [Continue reading]
USD/INR climbs as month-end US Dollar demand drags Indian Rupee to record low
The Indian Rupee trades softer in Thursday's early European session. High USD bids for month-end payments and uncertainties surrounding Trump's trade policies undermine the INR. The RBI intervention might support the INR and cap the … [Continue reading]
NZD/USD posts modest gains to near 0.5900 amid weaker US Dollar
NZD/USD trades with mild gains around 0.5900 in Thursday’s early Asian session. The cautious stance from the Fed on further rate cuts might lift the US Dollar. The speculations about a potential 10% tariff on Chinese goods could weigh on the … [Continue reading]
Canadian Dollar catches a break from selling pressure on Wednesday
The Canadian Dollar caught a slight bid after getting pushed into multi-year lows. Canada remains absent from the economic calendar until Friday. Incoming US Thanksgiving holiday to compress market volumes this week. The Canadian Dollar (CAD) caught … [Continue reading]
United States 4-Week Bill Auction rose from previous 4.53% to 4.55%
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]
US core PCE expected to show stability, raising uncertainty over further Federal Reserve rate cuts
The core Personal Consumption Expenditures Price Index is expected to rise 0.3% MoM and 2.8% YoY in October. Markets are undecided on whether the Fed will lower the policy rate by 25 basis points at the next policy meeting. Annual PCE inflation is … [Continue reading]
Pound Sterling ranges against USD ahead of US heavy-data day
The Pound Sterling consolidates below 1.2600 against the US Dollar as investors await a string of US economic data, including PCE inflation. The FOMC minutes failed to offer meaningful cues about the interest rate path. BoE Lombardelli wants to … [Continue reading]
Australian Dollar advances despite lower-than-expected monthly Consumer Price Index
The Australian Dollar gains ground as the US Dollar remains subdued amid bond market optimism. Australia’s Monthly Consumer Price Index remained consistent at a 2.1% rise YoY in October, against an expected 2.3% increase. November’s FOMC Meeting … [Continue reading]
RBNZ poised for third consecutive interest rate cut as inflation eases and economy cools
The Reserve Bank of New Zealand is set to lower its key interest rate by 50 bps to 4.25% on Wednesday. The RBNZ is expected to front-load due to the economic recession and as inflation falls back into the target band. The New Zealand Dollar could see … [Continue reading]
Crypto Today: SEI, Fantom and SUI emerge as top gainers, while Morocco moves to legalize crypto
On Tuesday, the cryptocurrency sector valuation tumbled toward $3.05 trillion, down by $300 billion in the last 48 hours. The crypto market is on course to register two consecutive losing days for the first time since Trump’s re-election on … [Continue reading]