The Pound Sterling rises against the majority of its peers as BoE’s Greene attributed soft volatile components to the decline in UK inflation in September. Investors await BoE Bailey’s speech and flash S&P Global/CIPS PMI data for October. The … [Continue reading]
Gold price prints fresh all-time high as safe-haven demand offsets sustained USD buying
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support. Bets for smaller Fed rate cuts, elevated US bond yields and … [Continue reading]
Australian Dollar depreciates as growing odds of “Trump winning” increase risk aversion
The Australian Dollar loses ground as US Dollar appreciates amid higher Treasury yields. The Aussie Dollar may limit its downside due to the hawkish mood surrounding the RBA. The US Dollar receives support from rising odds of a nominal rate cut by … [Continue reading]
XRP declines 2% as SEC vs. Ripple lawsuit advances, crypto exchange Uphold expresses support to RLUSD
XRP trades at $0.5334 on Tuesday, down 2% on the day. Uphold supports Ripple’s stablecoin RLUSD, the crypto exchange comments on platform integration. XRP gears up for a nearly 7% decline in its price. Ripple (XRP) lost nearly 2% … [Continue reading]
Gold Price Forecast: XAU/USD nears $2,750 in record rally
XAU/USD Current price: $2,744.80 United States Presidential election spurs concerns about the future of interest rates. US Treasury yields extend their weekly gains amid a continued run to safety. XAU/USD keeps reaching higher highs, bulls in full … [Continue reading]
Crude Oil hovers around $70.00 as markets become more bearish
Crude Oil struggles tagline $70.00, with more downside expected. Traders expect longer sluggish demand as markets reprice Fed rate cut prospects. The US Dollar Index broke above 103.80 and tested 104.00, primed for more upside. … [Continue reading]
Gold price bulls retain control near record high, despite elevated US bond yields
Gold price attracts dip-buyers and draws support from a combination of supporting factors. The US political uncertainty and Middle East tensions underpin the safe-haven XAU/USD. The easing monetary policy environment offsets rising US bond … [Continue reading]
WTI flat lines below $70.00 mark; demand concerns continue to cap the upside
WTI lacks any firm intraday direction on Tuesday amid mixed fundamental cues. Concerns about slowing demand continue to act as a headwind for Oil prices. Middle East tensions warrant some caution before positioning for further losses. West Texas … [Continue reading]
Fed’s Daly: Rate cuts to resume, but policy rate remains dependent on inflation declines
Federal Reserve (Fed) Bank of San Francisco President Mary Daly noted late Monday that while she expects the Fed to continue slowly easing interest rates lower in the coming quarters, the Fed is still maintaining a data-dependent approach. Key … [Continue reading]
Mexican Peso dives amid US election fears, judicial reform concerns
Mexican Peso falls to a six-week low as former President Trump leads US election polls, threatening a 200% tariff on Mexican cars. Fears of a constitutional crisis in Mexico intensify after President Sheinbaum defies a court ruling to remove a … [Continue reading]