The AUD/USD pair gathers strength to near 0.7130 during the early Asian session on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) on hotter domestic inflation data. Traders brace for the release of the Chinese … [Continue reading]
Ethereum Price Forecast: ETH eyes decline to $2,200 as Fed hawkish tone weighs
Ethereum price today: $2,230Ethereum has declined toward $2,200 after the Fed left interest rates unchanged at 3.50-3.75% and showed a hawkish bias.Exchange reserves have risen by over 226K ETH since the beginning of the week amid declining US … [Continue reading]
Federal Reserve to remain on hold, shrugging off political pressure to cut rates
The United States (US) Federal Reserve (Fed) announces its interest rate decision on Wednesday, another pivotal meeting for markets to gauge the stance of policymakers as energy prices remain uncomfortably high amid ongoing uncertainty in the Middle … [Continue reading]
United States MBA Mortgage Applications fell from previous 7.9% to -1.6% in April 24
Gold remains depressed below the $4,600 mark heading into the European session, though bears seem hesitant and opt to wait for the crucial FOMC policy decision, due to be announced later this Wednesday. The key focus will be on the post-meeting … [Continue reading]
Oil: UAE exit reshapes supply outlook – Commerzbank
Commerzbank’s Dr. Henry Hao and Charlie Lay note Brent and WTI extended gains as the United Arab Emirates announced it will leave OPEC (Organization of Petroleum Exporting Countries) on 1 May, after years of tension with Saudi Arabia over output … [Continue reading]
Australian Dollar drifts lower after CPI report; focus shifts to Fed decision
The AUD/USD pair continues with its struggle to conquer the 0.7200 mark and drifts lower following the release of Australian consumer inflation figures during the Asian session on Wednesday. Spot prices slide to the 0.7170 area in the last hour, … [Continue reading]
Ireland Consumer Confidence dipped from previous 56.7 to 53.3 in April
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]
EUR/USD rebounds as Fed decision nears and US-Iran tensions cap Dollar downside
The Euro (EUR) trims a part of its intraday losses against the US Dollar (USD) on Tuesday as the Greenback loses momentum, with traders repositioning ahead of the Federal Reserve’s interest rate decision due on Wednesday while continuing to monitor … [Continue reading]
Ripple Price Forecast: XRP risks bearish shift as price drops below $1.40
Ripple (XRP) is edging lower below $1.40 at the time of writing on Tuesday, as the broader crypto market faces renewed volatility. The remittance token is under intense sell-side pressure and struggling to hold key support levels amid growing … [Continue reading]
Austria UniCredit Bank Manufacturing PMI fell from previous 52.4 to 51.2 in April
Gold trades with a negative bias below the $4,700 mark for the second consecutive day, and slides back closer to last week's swing low during the Asian session. The uncertainty over the second round of US-Iran peace talks assists the US … [Continue reading]