Share: Australian Dollar consolidates with a positive bias ahead of US Nonfarm Payrolls. Australia’s S&P/ASX 200 Index rose to new record highs, following a tech-led rally on Wall Street overnight. Fed Chair Powell reiterated that the central … [Continue reading]
ANKR price soars 40% over reports of Ankr execs to attend NVIDIA GTC 2024 Conference, AI narrative still on
Share: ANKR price recorded an intra-day high of $0.0569 on Thursday amid AI conference-related news. Ankr CEO and CTO will attend the NVIDIA GTC 2024 conference in Silicon Valley in March. With the Conference still ten days out, AI wave is not yet … [Continue reading]
Dow Jones Industrial Average Forecast: DJIA gains further ground as Fed’s Powell hits familiar beats
Share: Dow Jones gains, but thinly in easy Thursday trading. Fed’s Powell repeat appearance delivers little of note to investors. Market focus pivots to Friday’s US NFP jobs report. The Dow Jones Industrial Average (DJIA) rose a little over a … [Continue reading]
Canadian Dollar extends higher against weakening Greenback on Thursday
Share: Canadian Dollar mixed on the day but climbs over US Dollar. Canada brings its own labor figures to US NFP Friday. USD/CAD breaks down below 1.3500 on weaker Greenback flows. The Canadian Dollar (CAD) found some room on the high end above … [Continue reading]
EUR/USD holds up ahead of ECB policy announcement
Share: The European Central Bank is set to announce its policy decision and projections on Thursday. ECB’s Lagarde will hold a press conference and volatility for EUR/USD is expected. The short-term uptrend continues to struggle higher … [Continue reading]
USD/JPY Forecast: Seems vulnerable amid hawkish BoJ talks, break below 100-day SMA awaited
Share: USD/JPY prolongs its downtrend for the third straight day and dives to a multi-week low. Bets for an imminent shift in the BoJ’s policy stance lift the JPY and exert heavy pressure. The uncertainty over the Fed’s rate-cut bets weighs on the … [Continue reading]
Australian Dollar clings to gains after upbeat Chinese Trade data
Share: Australian Dollar appreciates on weaker US Dollar despite improved US Treasury yields. Australian Trade Balance (MoM) increased to 11,027M in February, slightly below the expected 11,500M. Chinese Trade Balance USD increased … [Continue reading]
NZD/USD trades with mild positive bias below 0.6150, Chinese Trade Balance data looms
Share: NZD/USD posts modest gains near 0.6130 in Thursday’s early Asian session. Fed’s Powell said he expects rate cuts later this year, but the number of cuts will depend on the economy. RBNZ’s Conway said it might begin to cut rates … [Continue reading]
AUD/USD hits two-week high amid Powell testimony
Share: AUD/USD surpasses key resistance levels, as Powell's testimony suggests peak interest rates. Soft US job data and Powell's cautious stance on rate cuts fuel optimism for AUD, highlighting a shift in Fed policy outlook. US ADP report and … [Continue reading]
Pound Sterling remains upbeat after Hunt’s budget statement
Share: The Pound Sterling holds strength amid UK Spring Budget announcement. Measures outlined in the UK Budget could significantly impact the inflation outlook. Fed Powell didn't provide timing for rate cuts in his prepared remarks. The … [Continue reading]