After spending the first half of the day under bearish pressure on Wednesday, EUR/USD stage a late rebound to close marginally lower. The pair stays quiet near 1.1750 in the European morning on Thursday as investors stay on the sidelines ahead of the … [Continue reading]
Silver Price Forecast: XAG/USD moves away from all-time peak, slides below $66.00 mark
Silver (XAG/USD) attracts some sellers during the Asian session on Thursday and currently trades around the $65.75-$65.70 region, down over 1% for the day. The white metal, however, remains well within striking distance of the all-time peak touched … [Continue reading]
Ethereum Price Forecast: ETH shorts decrease amid rising liquidations
Ethereum price today: $2,830Ethereum's short open interest has contracted in the past few weeks following the October 10 crash.ETH exchange reserves have declined to their lowest level since 2016.ETH could fall to $2,626 if it fails to bounce at the … [Continue reading]
Bearish sentiment weighs on XRP as ETF inflows exceed $1 billion
Ripple (XRP) is holding above $1.90, a short-term support, as headwinds intensify in the broader crypto market on Wednesday. Low retail interest and bearish technical signals continue to overwhelm mild inflows into XRP spot Exchange Trade Funds … [Continue reading]
EUR/JPY jumps above 182.00 as Japanese Yen underperforms, ECB-BoJ policy eyed
The EUR/JPY pair is up 0.25% to near 182.15 during the European trading session on Wednesday. The pair trades higher as the Japanese Yen (JPY) underperforms its major pairs, despite traders remaining confident that the Bank of Japan (BoJ) will raise … [Continue reading]
EUR/GBP rises toward 0.8800 following UK CPI, Germany’s IFO Survey data awaited
EUR/GBP recovers its recent losses from the previous session, trading around 0.8780 during the European hours on Wednesday. The currency cross gains ground as the Pound Sterling (GBP) declines following the release of weaker Consumer Price Index … [Continue reading]
Australian Dollar loses despite RBA hawkish tone
The Australian Dollar (AUD) declines against the US Dollar (USD) on Wednesday, extending its losses for the fifth consecutive day. However, the downside of the AUD/USD pair could be restrained as the Aussie Dollar could find support as markets grow … [Continue reading]
New Zealand Current Account – GDP Ratio climbed from previous -3.7% to -3.5% in 3Q
Since the start of the week, gold’s price has moved lower, but has yet to erase the gains made last week. In today’s report we intend to focus on the newest round of peace talks between Russia and Ukraine, whilst noting the release of the US … [Continue reading]
USD/JPY declines as Yen strengthens on BoJ hike bets and weak US jobs data
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Tuesday as the Greenback remains on the back foot following the release of the delayed October and November Nonfarm Payrolls (NFP) reports.At the time of writing, USD/JPY is trading … [Continue reading]
Breaking: Nonfarm Payrolls increase by 64,000 in November vs. 50,000 expected
Nonfarm Payrolls (NFP) in the United States (US) rose by 64,000 in November, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in better than the market expectation for an increase of 50,000. The report also showed that … [Continue reading]