Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds. Light economic docket sees US Import Prices rise slightly, while Export Prices decline in November. Upcoming decisions by the Fed and … [Continue reading]
Ethereum Price Forecast: ETH faces $4,000 hurdle amid impressive ETF inflows
Ethereum price today: $3,900 Ethereum ETF's impressive growth is ‘just a tip of the iceberg,’ says a BlackRock executive. Ethereum ETFs could outpace their Bitcoin counterparts if the SEC allows issuers to stake their assets. ETH needs to maintain … [Continue reading]
US Dollar defends its ground as focus shifts to Fed decision
The US Dollar extends its winning streak on Friday, with the DXY Index trading above 107.00 for the first time in more than two weeks. Signs of lingering inflation pressure in the US gives the USD traction. There weren’t any major economic data … [Continue reading]
Dow Jones Industrial Average slips into a seventh straight down day amid tepid markets
The Dow Jones falls another 0.25% during quiet Friday trading. Equity indexes are broadly lower as investors weigh their options. Markets already look ahead to next week’s Fed rate call on December 18. The Dow Jones Industrial Average (DJIA) … [Continue reading]
Australian Dollar struggles under pressure as Fed policy shifts
The Australian Dollar edges to 0.6392 but fails to hold gains. Markets anticipate that the Fed will deliver a hawkish cut. Higher US Treasury yields give the USD traction. The Australian Dollar exhibits a subdued performance in Friday’s session, … [Continue reading]
EUR/USD Price Forecast: Hovers near 1.0500 post-ECB’s rate cut
EUR/USD remains tethered to the 1.0500 mark, rebounding slightly to 1.0498 after testing weekly lows. Technical analysis shows the pair is in a delicate balance, with potential to challenge resistance if it sustains above 1.0500. Key resistances are … [Continue reading]
US Dollar goes nowhere on Friday after another stellar performance throughout the week
The US Dollar turns flat and sees earlier gains evaporate ahead of US trading session on Friday. The Greenback faces some downside pressure due to some profit taking after its steep rally earlier this week. The US Dollar Index (DXY) … [Continue reading]
China M2 Money Supply (YoY) below expectations (7.6%) in November: Actual (7.1%)
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]
USD/INR resists to rise further due to possible RBI intervention
The Indian Rupee remains subdued due to risk aversion amid Trump’s tariff threats. Asian currencies struggle as offshore Chinese Yuan falls following remarks from a senior trade adviser to US President-elect Trump. Indian benchmark indices … [Continue reading]
Japanese Yen struggles near multi-week low amid reduced BoJ rate hike bets
The Japanese Yen drops to a fresh two-week trough against the USD on Friday. Fading hopes for a December BoJ rate hike keep the JPY bulls on the defensive. Elevated US bond yields underpin the USD and weigh on the lower-yielding JPY. The Japanese … [Continue reading]