Gold price (XAU/USD) rebounds to near $4,735, snapping the seven-day losing streak during the Asian session on Friday. The precious metal edges higher as the ongoing US-Iran conflict spikes demand for safe-haven assets. Traders will closely … [Continue reading]
Ethereum Price Forecast: EF deploys 3,400 ETH into Morpho as bullish momentum weakens
Ethereum price today: $2,140The Ethereum Foundation deployed 3,400 ETH into DeFi protocol Morpho in line with its treasury strategy.The Foundation noted that Morpho Vaults V2 aligns with its defipunk framework.ETH is testing the $2,110 support level … [Continue reading]
Forex Today: US Dollar Index drops below 100 after central banks hold rates
Here is what you need to know for Friday, March 20:The US Dollar Index (DXY) fell below the 100 mark and is now trading near the 99.40 price zone after investors assessed the Fed’s interest rate decision. Chair Jerome Powell claimed on Wednesday that … [Continue reading]
United States New Home Sales (MoM) registered at 587M above expectations (0.72M) in January
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]
SNB’s Schlegel: Our willingness to intervene has increased
Swiss National Bank (SNB) Chairman Martin Schlegel stressed the central bank’s willingness to intervene against excessive appreciation of the Swiss Franc (CHF) in his press conference post the monetary policy announcement, in which the central bank … [Continue reading]
US President Donald Trump threatens strike on Iran gas field if Qatar is attacked again
US President Donald Trump warned Iran against further retaliation after it attacked Qatar's Ras Laffan energy complex, causing "extensive damage" but no injuries.Trump wrote in a Truth Social post that Israel will not attack Iran's … [Continue reading]
Australia Full-Time Employment down to -30.5K in February from previous 50.5K
GBP/USD fell around 0.7% on Wednesday, sliding below the 1.3300 handle as Cable continues to grapple with the technical level. The sell-off extends the pullback from the late-January high near 1.3870, with the pair now trading below both of its … [Continue reading]
United States Net Long-Term TIC Flows below forecasts ($71.6B) in January: Actual ($15.5B)
Gold remains under selling pressure on Wednesday, slipping below the $4,900 mark to hit new six-week lows. The move is driven by a firmer US Dollar following stronger-than-expected inflation data, and as the Fed unveils its latest monetary … [Continue reading]
Federal Reserve set to keep interest rates steady spike in Oil prices adds fresh inflation risks
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, a pivotal meeting for markets to gauge the stance of the world’s most important central bank after an energy shock that could put the Fed’s dual mandate … [Continue reading]
South Africa Retail Sales (YoY) came in at 4.2%, above forecasts (2.5%) in January
Gold extends its sideways consolidative price move around the $5,000 psychological mark in Wednesday's European session as traders seem hesitant ahead of the crucial FOMC decision. The US Federal Reserve is widely expected to maintain the … [Continue reading]