NZD/USD trades with mild gains around 0.5855 in Wednesday’s Asian session.Fed’s Powell said the outlook for the labor market and inflation faces risks.The Reserve Bank of New Zealand names Anna Breman as new governor. The NZD/USD pair … [Continue reading]
When is the Australian CPI, and how could it impact AUD/USD?
Australian Monthly CPI OverviewThe latest round of month-on-month Australian Consumer Price Index (CPI) inflation figures will kick off the Antipodean trading session on Wednesday at 01:30 GMT, or 11:30 Australian Eastern Standard Time. Australian … [Continue reading]
Dow Jones Industrial Average taps fresh record high before hesitating
The Dow Jones touched 46,700 for the first time ever on Tuesday.Despite equity indexes tilted into record highs, topside momentum remains thin.US PMI figures came in more or less as expected, but headline figures still declined.The Dow Jones … [Continue reading]
Fed Chair Jerome Powell Speech Preview: Investors await clues on policy outlook
Fed Chair Powell will speak on the US economic outlook on Tuesday.Markets see a strong probability of two more Fed rate cuts in 2025.Federal Reserve (Fed) Chairman Jerome Powell will deliver a speech on the economic outlook at the Greater Providence … [Continue reading]
Pi Network Price Forecast: PI eyes extended crash as crypto market dips
Pi Network hit a record low on Monday, aligning with the community meetup in South Korea.CEXs' wallet reserves decline by nearly 8 million PI, indicating increased demand at lower prices. The technical outlook holds a bearish bias, hinting at … [Continue reading]
Australian Dollar remains subdued as Composite PMI falls in September
Australian Dollar remains subdued after the release of the Purchasing Managers’ Index figures on Tuesday.Australia’s S&P Global Composite PMI dropped to 52.1 in September from 55.5 previously, its lowest level in three months.The US Dollar holds … [Continue reading]
USD/JPY loses ground below 148.00 as traders digest Fed speeches
USD/JPY softens to around 147.75 in Tuesday’s early Asian session.Fed’s Miran called for cutting the main interest rate to avert job loss. Political uncertainty in Japan could undermine the Japanese Yen. The USD/JPY pair loses ground to … [Continue reading]
AVAX to join crypto treasury league with AgriFORCE’s $550 million offering
AgriFORCE wants to rebrand as AVAX One and raise $550 million.The company plans to hold $700 million worth of AVAX in the long term, making it the first publicly traded Avalanche treasury.AVAX bounced off the 20-day SMA following a sharp decline on … [Continue reading]
Fed’s Musalem: Economy is near full employment
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At the same time, he cautioned that with inflation still running above the Fed’s 2% goal, … [Continue reading]
Pound Sterling rebounds while UK fiscal worries continue to persist
The Pound Sterling gains marginally against its peers at the start of the week.30-year UK Gilt yields soared to near 5.56% amid ballooning UK fiscal debt.Investors await preliminary UK-US PMI data for September due on Tuesday.The Pound Sterling (GBP) … [Continue reading]