Gold price (XAU/USD) posts a fresh all-time high around $3,950 during the European trading session on Monday. The yellow metal strengthens as traders become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 50 basis … [Continue reading]
Japanese Yen retains bearish bias as Takaichi’s win fuels fiscal easing bets
The Japanese Yen (JPY) dives to the lowest level since early August against its American counterpart at the start of a new week after a fiscal dove, Sanae Takaichi, was elected as the leader of Japan's ruling Liberal Democratic Party (LDP). Takaichi … [Continue reading]
NZD/USD holds gains above 0.5800 on worries over US government shutdown
The NZD/USD pair trades on a positive note around 0.5825 during the early Asian session on Monday. The fears of a prolonged US government shutdown continue to drag the US Dollar (USD) lower against the New Zealand Dollar (NZD). Traders await the … [Continue reading]
Bitcoin rallies above $122,000 as US buyers boost price momentum
Bitcoin (BTC) rallied above $122,000 on Friday as US traders pushed prices close to its all-time high, with open interest (OI) hitting a record $89 billion.Bitcoin nears all-time high as spot demand and leverage bets riseBitcoin rose briefly above … [Continue reading]
Ethereum Price Forecast: ETH reclaims $4,500 as delayed economic data could spur crypto rally
Ethereum (ETH) reclaimed the $4,500 level on Friday and could stretch its rally further as Coinbase researchers predicted that the crypto market could benefit from the delay in economic data.Ethereum rises following delay in NFP dataEthereum reached … [Continue reading]
Coinbase partners with Samsung to expand crypto access for US customers
Coinbase (COIN) and Samsung are teaming up to expand crypto trading for US clients through the integration of Coinbase One into the Samsung Wallet.Samsung taps Coinbase for crypto trading integrationCrypto exchange Coinbase is partnering with … [Continue reading]
EUR/USD steadies as Fed divide offsets shutdown drag
EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the current week. The pair trades at 1.1738, up 0.28%, at the time of … [Continue reading]
Dow Jones Industrial Average climbs 250 points as rate cut hopes continue
The Dow Jones Industrial Average (DJIA) caught a firm bid on Friday, rising 482 points, or 1.04%, bottom-to-top. The Dow briefly pierced the 47,000 major price handle for the first time ever, before easing back to a more sedate +250 points (0.55%) on … [Continue reading]
Fed’s Miran insists Fed has room for more cuts
Federal Reserve (Fed) Board of Governors plant Stephen Miran doubled down on his belief that the Fed has a lot more room to cut its way to neutral interest rates. Miran also reiterated his opinion that Trump's stark anti-immigration policies will … [Continue reading]
Fed’s Jefferson nods to risks on both sides of the Fed’s mandate
Federal Reserve (Fed) Vice President and Board of Governors member Phillip Jefferson acknowledged that ongoing risks to both sides of the Fed's policy mandates are seeing growing risks. The labor market is showing fresh weakness, and inflation … [Continue reading]