EUR/USD fluctuates above 1.0800 after posting considerable gains on Thursday. The pair's near-term outlook points to a bullish tilt. The 200-day SMA aligns a significant resistance at 1.0870. EUR/USD gathered bullish momentum and closed in positive … [Continue reading]
Australian Dollar remains tepid as US Dollar appreciates on bets of second term for Trump
The Australian Dollar loses ground despite the hawkish RBA’s policy outlook. The AUD inches lower as the US Dollar appreciates amid less-dovish sentiment surrounding the Fed. CME FedWatch Tool suggests a 97% chance of a 25-basis-point rate cut by the … [Continue reading]
United Kingdom GfK Consumer Confidence meets forecasts (-21) in October
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 Dollar declines on profit-taking despite strong data
US Dollar falls on profit-taking after a solid week. Flash US PMI signaled solid business activity in October. Two more Fed rate cuts in 2024 remain on the table, markets await further data to validate it. The US Dollar Index (DXY), which measures … [Continue reading]
USD/JPY corrects to near 152.00, more upside likely amid BoJ rate hike uncertainty
USD/JPY falls due to mild correction in the US Dollar. US flash S&P Global PMI for October came in better than projected. Investors doubt whether the BoJ will hike interest rates again in the remainder of the year. The USD/JPY pair falls to near … [Continue reading]
AUD/USD: Support at 0.6585 is likely out of reach for now – UOB Group
Strong momentum indicates further Australian Dollar (AUD) weakness; the significant support at 0.6585 is likely out of reach for now. In the long run, AUD is expected to continue to decline; the level to watch is a significant support at 0.6585, UOB … [Continue reading]
India HSBC Services PMI: 57.9 (October) vs 57.7
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]
Japan Jibun Bank Services PMI down to 49.3 in October from previous 53.1
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]
Gold prices plunge from record high amid surging US yields and US Dollar
Gold retreats from all-time high of $2,758 as US 10-year Treasury yields rise, reflecting fears of higher deficit spending under a potential Trump presidency. The US Dollar Index (DXY) hits a two-month high at 104.50, further weighing on Gold as risk … [Continue reading]
Crypto Today: Bitcoin, Ethereum and XRP fall despite key partnership announcements in crypto
Bitcoin, Ethereum and XRP declined by nearly 2% amidst rising anticipation of upcoming US presidential election. Chainlink and SWIFT announce blockchain integration to simplify settlements for financial institutions. Ripple and IBM join forces for … [Continue reading]