EUR/GBP extends its gains for the second successive day, trading around 0.8700 during the Asian hours on Friday. The currency cross gains ground as the Euro (EUR) receives support after the European Central Bank’s (ECB) September policy meeting … [Continue reading]
US Treasury Sec. Bessent says he expects a rebalancing soon, where India buys less Russian oil
US Treasury Secretary Scott Bessent said on Friday that we are going to see rebalancing where India buys less Russian oil soon.Key quotesSoon we are going to see rebalancing where India buys less Russian oil.India is going to start rebalancing … [Continue reading]
Dow Jones Industrial Average hits one-week low amid government shutdown concerns
The Dow Jones Industrial Average (DJIA) knocked sharply lower on Thursday following a week-long meandering period. The Dow tumbled into the 46,300 region after opening the American market session near 46,600, knocking the major equity index down … [Continue reading]
GBP/USD falls to two-week low as Dollar momentum strengthens
The GBP/USD tumbles during the North American session as the Greenback reaches a 9-week high as depicted to the US Dollar Index (DXY), hitting 99.39 as hedge funds increase bets on Dollar gains towards the year end, according to a Bloomberg article. … [Continue reading]
USD/CHF Price Forecast: Refreshes monthly high near 0.8040
The USD/CHF pair posts a fresh monthly high near 0.8040 during the European trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar (USD) trades close to its two-month high ahead of the speech from Federal Reserve’s (Fed) … [Continue reading]
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.24 per barrel, up from Wednesday’s close at $61.92.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.81 price posted … [Continue reading]
Australian Dollar rises following Consumer Inflation Expectations release
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session. The AUD/USD pair gains ground following the release of Australia’s Consumer Inflation Expectations for October, which … [Continue reading]
Ethereum Price Forecast: ETH reclaims $4,500 as Bit Digital expands treasury to 150,244 ETH
Ethereum price today: $4,520Bit Digital has expanded its Ethereum treasury to 150,244 ETH after closing a $150 million offering.US spot Ethereum ETFs have recorded seven consecutive days of net inflows, totaling $1.9 billion.ETH bounced off the … [Continue reading]
Gold extends record run above $4,000 as traders await Fed Meeting Minutes
Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupled with a dovish Federal Reserve (Fed) outlook.At … [Continue reading]
Solana Price Forecast: SOL bulls eye $250 breakout, but declining on-chain activity could delay move
Solana (SOL) offers subtle bullish signals, trading above $220 on Wednesday. The short-term outlook for the smart contracts token mirrors that of the broader cryptocurrency market, which is generally recovering after the correction experienced on … [Continue reading]