The Indian Rupee weakens in Monday’s early European session. The Indian November HSBC Manufacturing PMI came in at 56.5 vs. 57.5 prior, weaker than expected. Persistent portfolio outflows and weak domestic macroeconomic data undermine … [Continue reading]
Australia’s Retail Sales climb 0.6% MoM in October vs. 0.3% expected
Australia’s Retail Sales, a measure of the country’s consumer spending, climbed 0.6% MoM in October, compared to a rise of 0.1% in September, the official data published by the Australian Bureau of Statistics (ABS) showed on Monday.The reading … [Continue reading]
China NBS Non-Manufacturing PMI came in at 50 below forecasts (50.2) in November
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]
China NBS Manufacturing PMI meets expectations (50.3) in November
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]
Ripple’s XRP crosses $100 billion market cap following high expectations for its stablecoin and ETF approvals
Ripple’s XRP rose to $1.7 after rumors of RLUSD approval by New York regulators made the headlines. Bitwise's André Dragosch stated that an XRP approval is even more likely in 2025 as retail investors show higher demands. XRP could extend its rally … [Continue reading]
Ethereum Price Forecast: ETH eyes yearly high resistance of $4,093 amid heightened interest among US traders
Ethereum price today: $3,600 Ethereum CME open interest growth reaches new all-time high. Ethereum USDT supply sees its highest monthly growth of 27% in November. ETH could extend its rally to test its yearly high resistance of $4,093 after surging … [Continue reading]
Gold spikes amid tensions but can’t shake off weekly losses
Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses. Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold's safe-haven appeal. Market optimism grows for a 25 bps Fed rate cut … [Continue reading]
Mexican Peso climbs on traders’ optimism following Trump-Sheinbaum’s call
Mexican Peso appreciates 0.59% against US Dollar, poised for strong weekly performance. Banxico minutes suggest potential for 50 bps rate cut in December, boosting Peso's outlook. President Sheinbaum optimistic about averting Trump's proposed 25% … [Continue reading]
Silver Price Forecast: XAG/USD shines and climbs above 100-day SMA
Silver posts a 1.33% gain on Friday, yet records a weekly loss of 2.30%. Technical outlook neutral with a potential bullish pivot if Silver clears $31.00 resistance. Downward risk persists if Silver falls below $30.35, targeting next support at … [Continue reading]
Australian Dollar continues to gain some ground, upside may be limited
Aussie mildly rose to 0.6510 in Friday's session. Gains in the Aussie pair are influenced by broad-based US Dollar weakness. Aussie finds support but faces pressure from trade war concerns between China and the US. The AUD/USD pair extends gains for … [Continue reading]