Gold price advances during the North American session on Friday, up by 0.70% for the day as the US government shutdown extends to three days, poised to end the week positively for the seventh straight week. At the time of writing, XAU/USD trades at … [Continue reading]
Fed’s Logan warns inflation pressures persist, could be made worse
Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves could accidentally spark another round of renewed inflationary … [Continue reading]
XRP price eyes weekend breakout as whales increase risk exposure
Ripple (XRP) takes a breather, holding above $3.00 on Friday after two consecutive days of steady gains. Interest from whales, retail demand and optimism surrounding the 'Uptober' narrative contributed to the rally from September lows around … [Continue reading]
AUD/USD holds near 0.6600 as Greenback weakens on US shutdown and soft PMI data
The Australian Dollar (AUD) holds modest gains versus the US Dollar (USD) on Friday, supported by a weaker Greenback as the United States (US) government shutdown drags on and the ISM Services Purchasing Managers Index (PMI) softens.At the time of … [Continue reading]
US Dollar Weekly Forecast: Distorted by the shutdown
The week that wasThe US Dollar spent the week on the back foot, pulling back from last week’s highs and dragging the US Dollar Index (DXY) down toward the 97.50 area, still moving within the broader consolidation that’s been in place since early … [Continue reading]
EUR/USD holds modest bid amid US shutdown and mixed PMI readings
The Euro (EUR) trades with a modest bid against the US Dollar (USD) on Friday, with EUR/USD stuck in this week’s range of 1.1750-1.1700. At the time of writing, the pair is trading around 1.1745, up about 0.22% on the day, as traders weigh the latest … [Continue reading]
US Services PMI forecast to show sustained momentum in September
The Institute for Supply Management (ISM) is scheduled to release the September Services Purchasing Managers’ Index (PMI) this Friday. The report is a well-trusted measure of business performance in the sector, but it is usually published on the same … [Continue reading]
France Industrial Output (MoM) below expectations (0.3%) in August: Actual (-0.7%)
Gold is flatlining in a tight range above $3,850 early Friday, following its two-way business on Wednesday, on track to register the seventh consecutive weekly rise. The Artificial Intelligence (AI) frenzy-driven record highs on global stocks … [Continue reading]
Silver Price Forecast: XAG/USD edges lower to near $46.50 on profit-taking
The Silver price (XAG/USD) declines to near $46.65 during the Asian trading hours on Friday. The white metal retreats from an all-time high on some profit-taking. The potential downside for silver might be limited amid safe-haven flows, bolstered by … [Continue reading]
Ethereum Price Forecast: ETH tackles $4,500 resistance following rising whale demand
Ethereum price today: $4,480Ethereum whales have bought over 840,000 ETH in the past two weeks.The balance on accumulation addresses grew by a record 5.6 million ETH in September, despite the price decline in the month.ETH has broken above the 50-day … [Continue reading]