Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday that she "fully" supported the Fed's half of a percentage-point interest-rate cut last month. Daly further stated that one or two more rate cuts this year are likely if the … [Continue reading]
US Dollar gains as markets adjust on rate cuts, FOMC Minutes
The market has priced out any more jumbo cuts and now expects 25 bps cuts in both November and December. FOMC Minutes showed no additional guidance, Fed members remain data-dependent. Markets will eye CPI readings on Thursday. TheUS Dollar Index … [Continue reading]
United States Wholesale Inventories registered at 0.1%, below expectations (0.2%) in August
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
AUD/USD: Expected to trade in a range between 0.6725 and 0.6780 – UOB Group
The Australian Dollar (AUD) is expected to trade in a range between 0.6725 and 0.6780. In the longer run, AUD is expected to continue to weaken, albeit likely at a slower pace. The next level to watch is 0.6700, UOB Group Quek Ser Leang and Peter … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin shows signs of weakness
Bitcoin hovers around the $62,000 support level; a firm close below would suggest a decline ahead. Ethereum faces rejection from its daily resistance level of $2,461, indicating a bearish momentum. Ripple price is nearing its crucial resistance … [Continue reading]
Ethereum could rally above $7,000, leads overvalued Solana on key valuation metrics: Standard Chartered
Ethereum leads ‘overvalued’ Solana in several key metrics, according to Standard Chartered analysts. The bank noted that Ethereum could rally to $7,000 under a Harris administration and $10,000 under Trump. Ethereum bounced off the support level near … [Continue reading]
Dow Jones Industrial Average trims losses on Tuesday
The Dow Jones held steady on Tuesday, treading water near 42,000. Geopolitical market tensions eased after the US discouraged an Israeli escalation against Iran. Investors are now grappling with lower rate cut expectations after last week’s labor … [Continue reading]
EUR/USD Price Prediction: Chart of bad omens with break below trendline, Double Top
EUR/USD has broken below a key trendline and might have formed a bearish pattern. A Double Top reversal pattern could potentially be a bad omen for the pair. EUR/USD breaks below the trendline for the rally since June. On Tuesday … [Continue reading]
Gold edges lower within range as China outlook weighs
Gold is edging lower within its range as markets revise down their outlook for China, the world’s largest consumer of Gold. The precious metal is supported by ETF flows and haven demand amid raised geopolitical tensions. … [Continue reading]
Japanese Yen remains on the front foot against USD; lacks bullish conviction
The Japanese Yen recovers further from a two-month trough touched against the USD on Monday. Geopolitical tensions benefit the safe-haven JPY and exert downward pressure on the USD/JPY pair. The BoJ rate hike uncertainty caps gains for the JPY … [Continue reading]