Silver prices extend recovery to reach levels beyond $19.00. The US dollar dives on Fed easing speculation. XAG/USD is now at a key resistance area of $19.30. Silver prices have extended Thursday’s rebound from $18.30 lows on Friday, breaking beyond … [Continue reading]
European Monetary Union CFTC EUR NC Net Positions increased to €48.1K from previous €37.5K
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]
US: Economy likely rebounded in Q3, still seen a mild recession next year – Wells Fargo
Next week, on Thursday the first estimate of US Q3 GDP growth data will be released. Analysts at Wells Fargo forecast the economy expected at an annualized rate of 2.8%, after two negative quarters. They still see a recession next year. Key … [Continue reading]
EUR/JPY Price Analysis: Room for extra upside near term
EUR/JPY adds to Thursday’s gains and prints new highs. Further upside could target the 149.80 region in the short term. EUR/JPY extends the optimism seen in the second half of the week and advances to new cycle highs around 147.60 on … [Continue reading]
USD/JPY: Nobody knows if the BoJ intervened at 150 – Commerzbank
The Japanese yen weakened through 150 per US dollar for the first time since 1990 yesterday. Did the Bank of Japan (BoJ) intervene? In truth, nobody knows, economists at Commerzbank report. Hidden interventions cannot be systematically … [Continue reading]
US Dollar Price Analysis: Bulls are moving in towards Thursday’s highs
DXY bulls are moving in and extending the US rally. US yields are also perky, fuelling the bid. In trade on Thursday, the US dollar and US bond yields rose, with the US 2-year topping the highest since 2008 at 4.614%. Federal … [Continue reading]
USDC supply falls to a 10-month low while FDIC head suggests more restrictions on stablecoin issuance
The Acting Chair of the Federal Deposit Insurance Corporation (FDIC) calls for the limitation of stablecoin issuance to permissioned blockchains. The FDIC head also suggested a KYC for nodes and validators in order to ensure AML/CTF compliance. Over … [Continue reading]
The UK Conservative Party’s leadership election will be held on Monday 24th
The 1922 committee announced that the first ballot of MPs in the Conservative Party's leadership election will be held on Monday 24th, between 3:30 PM and 5:30 PM UK time. Candidates competing to become Britain's next prime minister will need … [Continue reading]
US: Weekly Initial Jobless Claims fall to 214K vs. a rise to 230K expected
Initial Jobless Claims in the US fell by12K in the week ending October 14. US Dollar Index remains depressed near the daily low after the release. There were 214,000 initial jobless claims in the week ending October 14, the weekly data published by … [Continue reading]
USD/CNH: Rising bets for a move above 7.3000 – UOB
Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group still see the likeliness of USD/CNH breaking above the 7.3000 region in the next weeks. Key Quotes 24-hour view: “While we expected USD to strengthen yesterday, we were of the … [Continue reading]