XRP holds steady above support at $0.5800 on Tuesday, gears up for a recovery above $0.6000. Pro-Ripple Attorney John Deaton strongly criticized the SEC in recent interview. XRP gains slightly on the day, the altcoin trades at $0.5860. … [Continue reading]
BTC shows signs of recovery as Microstrategy buys more Bitcoins, US ETFs see mild inflow
Bitcoin approaches the key daily support level of $56,000, eyeing for a recovery. Microstrategy announces $700M private offering for debt buyback and Bitcoin acquisition. CME Group data projects a higher 69% chance of a 50 bps rate cut by the US … [Continue reading]
EUR/USD climbs to near 1.1150 on firm Fed big rate cut bets
EUR/USD rises to near 1.1150 as firm Fed large rate cut prospects weigh on the US Dollar. The Fed is expected to cut interest rates by 100 bps by year-end. ECB policymakers push back against market October rate cut prospects. EUR/USD rises to near … [Continue reading]
India WPI Inflation below forecasts (1.8%) in August: Actual (1.31%)
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]
Australian Dollar edges lower due to rising concerns over Chinese economic outlook
The Australian Dollar depreciates as analysts noted that the weak economic data indicates serious challenges for the China’s economic outlook. The Aussie Dollar’s downside could be restrained due to hawkish sentiment surrounding the Reserve Bank of … [Continue reading]
NZD/USD Price Analysis: Bulls push back and attempt to regain the 20-day SMA
The NZD/USD pair has been trading choppily within a range between 0.6120 and 0.6200 in the last sessions. The RSI is in positive territory with a rising slope, suggesting that buying pressure is increasing. On Monday, the NZD/USD pair rose by … [Continue reading]
Dow Jones Industrial Average tests fresh record high as Fed rate call looms
The Dow Jones cracked a fresh all-time high during Monday trading. Despite the upside stretch, equities remain tepid overall. Investors are buckling down for the wait to Wednesday’s Fed rate call. The Dow Jones Industrial Average (DJIA) clipped into … [Continue reading]
Pound Sterling rallies to 1.3200 ahead of Fed-BoE policy outcome
The Pound Sterling surges to near 1.3200 against the US Dollar amid upbeat market sentiment. Investors expect the BoE to leave interest rates unchanged at 5% on Thursday. Traders remain divided over the size of the Fed’s likely interest-rate cut. … [Continue reading]
Turkey Budget Balance declined to -129.6B in August from previous -96.78B
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]
Australian Dollar rises as US Dollar remains subdued amid lower Treasury yields
The Australian Dollar appreciates due to a slight increase in the odds of a 50 basis points Fed rate cut. The Aussie Dollar receives support from the RBA’s hawkish stance. The US Dollar faces challenges as the Treasury yields decline amid uncertainty … [Continue reading]