Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum … [Continue reading]
Gold approaches $4,500 amid rising geopolitical risks and a weaker US Dollar
Gold (XAU/USD) continues to attract steady buying interest on Tuesday, pushing deeper into uncharted territory as escalating geopolitical tensions keep safe-haven demand firmly in play. At the time of writing, XAU/USD is trading around $4,485, up … [Continue reading]
Dow Jones futures steady as traders await US Q3 GDP release
Dow Jones futures inch lower 0.06% to trade near 48,650 during Tuesday’s European session, while S&P 500 and Nasdaq 100 futures also decline, edging lower 0.09% and 0.12% to roughly 6,920 and 25,650, respectively.Traders await the US Gross … [Continue reading]
EUR/JPY retraces to near 184.00 as Yen rebounds on hopes of Japan’s intervention
The EUR/JPY pair corrects to near 184.00 during the Asian trading session on Tuesday from its all-time high of 184.92 posted the previous day. The pair retraces as comments from Japan Finance Minister Satsuki Katayama signaling a likely intervention … [Continue reading]
EURUSD climbs to 1.1760 as Fed easing bets weigh on Dollar
EUR/USD edges higher during the North American session, up 0.42% amid growing speculation that the Federal Reserve would continue easing policy, amid a scarce economic docket in both sides of the Atlantic. The pair trades at 1.1757 after bouncing off … [Continue reading]
Dow Jones Industrial Average climbs as equities rally into holiday-shortened week
The Dow Jones Industrial Average (DJIA) gained ground on Monday, heading into the Christmas holiday schedule on the front foot as equity markets tilt into the bullish side to wrap up the trading year. Stocks tied to the AI trade rose, with big boosts … [Continue reading]
Cardano struggles to extend gains as retail interest wanes despite Midnight’s NIGHT token launch
Cardano (ADA) recovers over 2% at press time on Monday, struggling to extend gains within a descending wedge pattern. Despite the larger declining trend, Cardano’s network has seen a surge in on-chain volume over the last two weeks with the launch of … [Continue reading]
Greece Current Account (YoY) declined to €-1.088B in October from previous €-0.409B
Bitcoin, Ethereum, and Ripple are approaching key technical levels at the time of writing on Monday as the broader crypto market stabilizes. Market participants are closely watching whether BTC, ETH, and XRP can sustain breakouts and achieve … [Continue reading]
Gold climbs to record high near $4,400 on safe-haven flows
Gold price (XAU/USD) rises to an all-time high near $4,300 during the Asian trading hours on Monday. The precious metal gains momentum on the expectation of US Federal Reserve (Fed) interest rate cuts after signs of softer US inflation and … [Continue reading]
Japan’s Top FX Diplomat Mimura: Recently seeing one-sided, rapid moves
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Monday that he is concerned about foreign exchange move and will take appropriate action against excessive actions.Key quotes … [Continue reading]