The Reserve Bank of Australia is expected to hold the interest rate at 4.35% in December. Australian central bank Governor Michele Bullock’s comments will be closely scrutinized to gauge when could the RBA trim its benchmark rate. The volatility … [Continue reading]
AUD/USD Price Forecast: All the attention is on the RBA
AUD/USD bounced sharply and revisited the 0.6470 zone. The US Dollar kept a vacillating tone at the beginning of the week. The RBA is expected to keep its OCR unchanged on Tuesday. The US Dollar (USD) traded in an irresolute fashion on Monday, … [Continue reading]
EUR/USD turns sideways ahead of ECB policy meeting, US inflation data
EUR/USD juggles near 1.0580 as investors await US CPI data for November and the ECB policy meeting. Investors expect the ECB to cut interest rates by 25 bps for the third time in a row. Fed Goolsbee forecasts the central bank to reach the … [Continue reading]
AUD/USD Price Forecast: Bullish reversal move looks likely
AUD/USD jumps to near 0.6420 with investors focusing on the RBA monetary policy announcement on Tuesday. The RBA is expected to leave interest rates steady at 4.35%. Investors expect the Fed to cut its key borrowing rates next week by 25 bps to … [Continue reading]
Japanese Yen struggles for firm near-term direction; stuck in a range against USD
The Japanese Yen edges higher in reaction to an upward revision of Japan’s Q3 GDP. The recent decline in the US bond yields undermines the USD and also benefits the JPY. Doubts over the BoJ’s ability to hike interest rates further cap the upside for … [Continue reading]
Ripple week in review: Can XRP resume rally to hit a new all-time high?
XRP investors realized over $5.86 billion in profits during the week. XRP whales are slightly tilted toward accumulation despite holding an average profit of nearly 400%. XRP needs to overcome the $2.92 level to stage a rally to a new all-time high. … [Continue reading]
Ripple week in review: Can XRP resume its rally to hit a new all-time high?
XRP investors realized over $5.86 billion in profits during the week. XRP whales are slightly tilted toward accumulation despite holding an average profit of nearly 400%. XRP needs to overcome the $2.92 level to stage a rally to a new all-time high. … [Continue reading]
Colombia Consumer Price Index (YoY) above forecasts (5.13%) in November: Actual (5.2%)
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]
Colombia Consumer Price Index (MoM) came in at 0.27%, above forecasts (0.2%) in November
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]
SushiSwap DAO proposes strategy to improve liquidity through treasury diversification
Sushi DAO proposed a treasury diversification strategy aimed at improving its liquidity. The strategy includes adding stablecoins and blue-chip tokens as part of its treasury. Sushi DAO's proposal will be subject to a governance vote after a review … [Continue reading]