EUR/USD faces significant offers near 1.0800 as the US Dollar resumes its upside trend. Trump’s victory has improved the US Dollar’s long-term outlook. The Euro is down amid Trump tariffs’ threats, German political uncertainty, and doubts over the … [Continue reading]
How strong will the Trump Dollar be? – Commerzbank
The US Dollar may well appreciate somewhat further in the coming weeks and months once the consequences of Trump's election victory have been fully priced in, Commerzbank’s FX analyst Ulrich Leuchtmann notes. Policy of the Trump administration likely … [Continue reading]
USD/INR jumps as equity outflows drag Indian Rupee to all-time low
The Indian Rupee trends lower in Friday’s early European session. The Indian equity selloff and the rise in crude oil prices continue to undermine the INR. The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech … [Continue reading]
XRP aims to tackle key trendline resistance as investors step up buying pressure
XRP exchange reserves in Binance and Upbit have declined by nearly $13 million. In the past three days, investors opened over $123 million worth of XRP positions. XRP needs to overcome key descending trendline resistance to stage a rally to $0.6640. … [Continue reading]
Fed’s Jerome Powell: The law does not permit to demote a Fed Chair
Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference. [embedded … [Continue reading]
BoE: A quarter per quarter – Rabobank
The Bank of England’s MPC cut the benchmark rate by 25bp to 4.75%. This was fully expected by analysts and markets. The vote was split 8-1, with only Mann dissenting, Rabobank’s Senior Macro Strategist Stefan Koopman notes. The next cut to 4.50% to … [Continue reading]
The German coalition goes out with a bang – Commerzbank
Not only was there a political bang in the US yesterday, but also in Germany late last night. After Chancellor Olaf Scholz fired Finance Minister Christian Lindner, the so-called “Ampelkoalition” (a coalition between the Christian Democrats, the … [Continue reading]
Japanese Yen struggles to capitalize on modest intraday gains; not out of the woods yet
The Japanese Yen draws support from fears about a possible government intervention. The BoJ rate-hike uncertainty and the risk-on environment should cap the safe-haven JPY. Elevated US bond yields could act as a tailwind for USD/JPY ahead of … [Continue reading]
Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency
Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for … [Continue reading]
Crypto Today: All Bitcoin holders in profit, TRON partners with Chainlink, DOGE miners in $145M buying spree
Bitcoin price reached a new all-time high of $75,120 on November 6 as markets reacted to Donald Trump’s victory in the 2024 US presidential election. The global cryptocurrency sector valuation (TOTALCAP) grew by $190 billion (7.31%) within the daily … [Continue reading]