DXY trades near 106.80 on Tuesday. Market focus shifts toward upcoming Fed decision on Wednesday. Retail Sales fail to boost US Dollar enthusiasm. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades … [Continue reading]
United States Industrial Production (MoM) came in at -0.1% below forecasts (0.3%) 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]
GBP/USD Forecast: Pound Sterling shows signs of life but upside remains capped
GBP/USD trades marginally higher near 1.2700 in the European session. Upbeat employment data from the UK support Pound Sterling. The pair's action could turn subdues ahead of UK inflation data and Fed meeting. Following the sharp decline seen … [Continue reading]
Ripple reveals official launch for RLUSD, XRP eyes new all-time high at $4.75
Ripple announced its RLUSD stablecoin will officially launch on Tuesday. RLUSD will go live on platforms including MoonPay, Uphold, CoinMENA, Bitso and ArchaxEx. XRP could rally to a new all-time high of $4.75 if it sustains a high volume above the … [Continue reading]
EUR/USD struggles to make headway above 1.05
EUR/USD is trading thin and flat near the 1.0500 handle as bulls struggle. Another Fed rate call and other key US data will keep Fiber focused on the US side this week. Fed expected to cut rates for a third consecutive meeting on Wednesday. EUR/USD … [Continue reading]
US Dollar soft as markets brace for Fed’s decision
The DXY trades slightly lower on Monday. Markets digest recent inflation data and strong S&P PMIs figures. Attention shifts to Wednesday’s Fed rate decision. The US Dollar Index (DXY), which measures the value of the USD against a basket of … [Continue reading]
US Dollar gains with US Services PMI outpacing Germany’s positive print
The US Dollar jumps after the prelimenary December PMI data got released. Traders are back favoring the Greenback with the Services PMI beating the previous number. The US Dollar Index (DXY) moves back above 107.00 and heads to 107.35. … [Continue reading]
EUR/USD gives up gains as ECB officials support further policy easing
EUR/USD surrenders intraday gains as ECB officials support further interest rate cuts. The ECB is expected to cut interest rates further by 100 bps next year. Investors will keenly focus on the Fed’s dot plot for fresh interest rate projections … [Continue reading]
USD/INR strengthens after Indian WPI inflation data
The Indian Rupee edges lower in Monday’s early European session. The Indian WPI inflation eased to 1.89% in November from 2.36% in October, softer than the 2.2% expected. Elevated USD bids, weaker in Asian peers and a dovish tilt in RBI’s … [Continue reading]
NZD/USD holds positive ground above 0.5750 after mixed Chinese data
NZD/USD gains ground to around 0.5775 in Monday’s Asian session, adding 0.30% on the day. China’s November Industrial Production climbed 5.4%, Retail Sales rose 3.0%. A possible hawkish rate cut by the Fed could underpin the Greenback. … [Continue reading]