The week that wasThe Greenback retreated for the third consecutive week and remains well on track to end its second straight month of losses.That said, the US Dollar Index (DXY) remained well on the defensive, approaching the key 98.00 contention … [Continue reading]
Cheaper European Gas diverts Qatari LNG toward India – Commerzbank
Lower European Gas prices (TTF) are having an impact: according to an analysis of ship tracking data by Bloomberg, LNG shipments from Qatar have recently been diverted away from Europe to India, Commerzbank's Head of FX and Commodity Research Thu Lan … [Continue reading]
USD/INR holds onto US-India trade uncertainty-led gains, India’s CPI rises 0.7%
The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Friday, with the USD/INR pair hitting fresh all-time highs at 90.86. The Indian currency continues to underperform its peers as investors remain anxious over whether the United … [Continue reading]
Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand
Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge. … [Continue reading]
PBOC sets USD/CNY reference rate at 7.0638 vs. 7.0686 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0638 compared to the previous day's fix of 7.0686. PBOC FAQs The primary monetary policy objectives of the People's Bank of China (PBoC) … [Continue reading]
New Zealand Business NZ PMI: 51.4 (November)
Broad US Dollar weakness helps the bright metal to extend weekly gains. The XAU/USD pair trades above $4,250, its highest for the week and not far from its record high in the $4,380 region. The Greenback came under selling pressure on Wednesday … [Continue reading]
XRP falters as retail interest wanes and Fed rate cut weighs
Ripple (XRP) is trading above $2.00 at the time of writing on Thursday, weighed down by increasing selling pressure in the broader cryptocurrency market. Short-term technical signals underpin the bearish outlook, which could accelerate the downtrend … [Continue reading]
Gold consolidates with Fed caution keeping bulls in check
Gold (XAU/USD) eases slightly on Thursday as investors reassess the Federal Reserve’s monetary policy outlook after the latest interest rate cut. At the time of writing, the metal is trading around $4,217, giving back part of its post-Fed bounce … [Continue reading]
Japanese Yen bears seem hesitant amid rising BoJ rate hike bets
The Japanese Yen (JPY) stalls its intraday pullback against the rebounding US Dollar (USD) and trades with a mild positive bias during the first half of the European session on Thursday. This marks the second straight day of the uptick and is … [Continue reading]
Japanese Yen extends gains vs bearish USD amid hawkish BoJ stance, dovish Fed outlook
The Japanese Yen (JPY) builds on the previous day's strong move up against a broadly weaker US Dollar (USD) and gains some follow-through positive traction for the second straight day on Thursday. A shift in rhetoric from Bank of Japan (BoJ) Governor … [Continue reading]