NZD/USD receives downward pressure as RBNZ is widely expected to deliver another 50-basis-point rate cut in November. The NZD could gain support from favorable results stemming from China's initiatives, its largest trading partner. The US Dollar … [Continue reading]
XRP fails to recover, former SEC lawyer highlights outdated approach to crypto regulation
XRP trades at $0.5169 on Monday, with prices little moved compared with the previous day. Former SEC enforcement lawyer Ladan Stewart criticized the agency and the Biden administration’s approach to crypto regulation. Stewart says that even though … [Continue reading]
United States 5-Year Note Auction rose from previous 3.519% to 4.138%
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 rises sharply ahead of UK Labour’s firm budget
The Pound Sterling rises above 1.3000 against the US Dollar ahead of a string of US economic data. Investors will pay close attention to US NFP for October and Q3 GDP. The UK budget and market speculation for the BoE interest rate path will … [Continue reading]
Gold price remains on the defensive below $2,748-2,750 hurdle amid positive risk tone
Gold price attracts some dip-buying on Monday and draws support from a combination of factors. Middle East tensions, US election jitters and a modest USD pullback seem to benefit the XAU/USD. Bets for smaller Fed rate cuts and rising US … [Continue reading]
WTI trades around $68.50 after dropping more than 4% amid easing geopolitical tensions
WTI loses ground due to easing geopolitical tensions in the Middle East. Israel's attack on missile and air defense sites in Iran proved to be less aggressive than many had anticipated. OPEC+ plans to roll back its production cuts in December, with … [Continue reading]
AUD/USD remains weak near 0.6600 amid firmer US Dollar
AUD/USD trades with mild losses around 0.6605 in Monday’s early Asian session. The US Michigan Consumer Sentiment Index was stronger than expected, rising to 70.5 in October vs. 68.9 prior. The hawkish RBA might cap the Aussie’s … [Continue reading]
US Dollar steady as markets digest mid-tier data
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue to see two cuts by year-end. The US economy remains … [Continue reading]
EUR/USD ends Friday struggling to hold onto 1.08
EUR/USD returned to its bearish ways on Friday. A broad upswing in the Dollar Index continues to pummel the Euro. Coming up next week: DST, EU CPI, US PCEPI, and another NFP print. EUR/USD trimmed a near-term rebound on Friday, slamming the door on … [Continue reading]
NZD/USD Price Analysis: Bears push lower, 0.6000 support gone
NZD/USD retreats further, dropping below 0.6000. Oversold RSI points to possible corrective bounce, but bearish momentum remains strong. The pair stands in lows since early August. The NZD/USD currency pair has extended its downtrend, with bears … [Continue reading]