EUR/JPY remains stronger for the fourth successive session, trading around 177.40 during the European hours, near 177.46, an all-time high reached on Wednesday. The technical analysis of the daily chart indicates that short-term price momentum is … [Continue reading]
XRP slides 4%, cedes to BNB as third-largest crypto
XRP declined 4% on Tuesday as growing fear, uncertainty and doubt (FUD) triggered increased selling pressure for the asset. The decline was accompanied by BNB overtaking XRP to become the third-largest cryptocurrency by market capitalization.XRP … [Continue reading]
USD/CHF Price Forecast: Stuck near yearly lows below 0.8000
The USD/CHF trades at around yearly lows of 0.7980, capped on the downside by the 20-day Simple Moving Average (SMA) of 0.7951 and by the 50-day SMA at 0.8008. At the time of writing, the pair hovers around 0.7980, virtually unchanged.USD/CHF Price … [Continue reading]
AUD/USD Price Forecast: Aussie holds firm above key support despite US Dollar strength
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday as renewed Greenback strength keeps the pair on the defensive. At the time of writing, AUD/USD is hovering near 0.6585, slipping below the 0.6600 psychological mark and … [Continue reading]
United States RealClearMarkets/TIPP Economic Optimism (MoM) below expectations (49.3) in October: Actual (48.3)
Gold regains its traction following a consolidation phase in the early European session and rises toward $4,000, touching yet another record-high in the process. The uncertainty surrounding the US government shutdown, the political crisis in France … [Continue reading]
EUR/USD extends losses on France’s political woes, cautious markets
EUR/USD is heading south for the second consecutive day on Tuesday. The pair trades near 1.1675 at the time of writing, with France's political and fiscal crisis spooking investors while an unexpected decline in German Factory Orders add to evidence … [Continue reading]
FX option expiries for Oct 7 NY cut
FX option expiries for Oct 7 NY cut at 10:00 Eastern Time via DTCC can be found below.EUR/USD: EUR amounts1.1500 2.3b1.1650 2.6b1.1750 1.8b1.1820 2.5b1.1900 1.5b1.1950 1bUSD/JPY: USD … [Continue reading]
WTI attracts some buyers to near $61.50 as OPEC+ opts for modest oil output hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.45 during the Asian trading hours on Tuesday. The WTI drifts higher after the Organization of the Petroleum Exporting Countries and its allies … [Continue reading]
Dow Jones Industrial Average holds steady despite wobbling start on Monday
The Dow Jones Industrial Average (DJIA) struggled to keep its footing on Monday, kicking off the new trading week opening at record highs above 46,800. The Dow slipped early on Monday after investors briefly showed frayed nerves, but general market … [Continue reading]
Gold surges to fresh highs above $3,950 amid persistent safe-haven demand
Gold (XAU/USD) extends its historic run beyond $3,900 on Monday, notching one record high after another as the prolonged United States (US) government shutdown, dovish Federal Reserve (Fed) bets, and renewed political jitters in Europe keep … [Continue reading]