EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates.Euro supported by upbeat … [Continue reading]
USD/CHF Price Forecast: Stays range-bound below 0.8000
The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.USD/CHF Price Forecast: Technical outlookThe … [Continue reading]
Dow Jones Industrial Average reaches record high on softer inflation data
The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever. Investor sentiment hit high gear after US Consumer Price Index (CPI) inflation came in below expectations, … [Continue reading]
Ethereum Price Forecast: ETH could regain momentum following soft US CPI print
Ethereum price today: $3,920Ethereum briefly reclaimed $4,000 as the US recorded a softer-than-expected CPI in September.ETH is showing signs of recovery, with investors projecting an 85% chance of two more rate cuts in 2025.The top altcoin has … [Continue reading]
Gold rebounds after softer US CPI data reinforces Fed cut bets
Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week. XAU/USD … [Continue reading]
XRP bulls tighten grip as CME Group futures volume hit $26 billion in 5 months
Ripple (XRP) increases in tandem with the broader cryptocurrency market, trading above $2.45 on Friday. Market participants anticipate volatility following the release of the US Consumer Price Index (CPI), which showed that inflation is rising, but … [Continue reading]
AUD/USD holds steady as mixed US data keeps traders cautious
The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data. At the time of writing, AUD/USD trades around 0.6511, holding steady after earlier swings … [Continue reading]
Gold rebounds after soft US inflation data bolsters Fed rate cut bets
Gold (XAU/USD) stages a rebound on Friday, trimming intraday losses after softer-than-expected US Consumer Price Index (CPI) data. At the time of writing, XAU/USD is trading around $4,130, recovering from session lows near $4,044, though the metal … [Continue reading]
United States Baker Hughes US Oil Rig Count came in at 420, above forecasts (416)
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 Dollar Weekly Forecast: Land of confusion
The week that wasThe US Dollar (USD) began the week on a firm footing, though its early momentum faded as the days went on. Even so, the US Dollar Index (DXY) managed to close with modest gains around the 99.00 mark, enough to erase the previous … [Continue reading]