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]
GBP/JPY sticks to intraday recovery gains above mid-199.00s amid notable JPY weakness
GBP/JPY rebounds from a two-week low touched during the Asian session on Monday.The BoJ rate hike uncertainty weighs on the JPY and offers some support to spot prices.UK fiscal concerns and the divergent BoJ-BoE policy outlooks warrant caution for … [Continue reading]
Gold Price Forecast: XAU/USD posts modest gain above $3,650 on potential Fed monetary policy easing
Gold price trades with mild gains around $3,685 in Monday’s early Asian session. Signals of monetary policy easing from the Fed and rising geopolitical risks support the Gold price.Traders brace for the Fedspeak later on Monday for fresh … [Continue reading]
Grayscale debuts multi-asset crypto ETF following regulatory green light
Grayscale's GDLC began trading on Friday, offering exposure to the five top cryptocurrencies by market cap.Bitcoin accounts for 72% of the total fund, followed by Ethereum, which holds a 17% weight.The launch follows the SEC's approval of generic … [Continue reading]
Ethereum Price Forecast: ETH drops 3% as developers set year-end target for Fusaka
Ethereum price today: $4,460Ethereum core developers agreed on December 3 as a tentative date for the mainnet rollout of its next big upgrade, Fusaka.Fusaka features several improvements that aim to enhance data optimization, increase gas limit and … [Continue reading]
EUR/USD slips as Dollar rebounds, French protests weigh on sentiment
US Dollar bounces from three-year lows after Fed cut, supported by rising US Treasury yields late in the week.Fed officials Daly and Kashkari offered cautious tones, while Miran reaffirmed his preference for deeper easing.French spending cut protests … [Continue reading]
United States CFTC Oil NC Net Positions up to 98.7K from previous 81.8K
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]
Australia CFTC AUD NC Net Positions: $-51.2K vs $-79.2K
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]
Japan CFTC JPY NC Net Positions: ¥61.4K vs previous ¥91.6K
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]