Share: Solana's price gained nearly 26% in the past seven days, leaving behind top altcoins. The Layer 1 chain recently hit a new TVL record, marking a 0.88% chain dominance. The inflow of capital into altcoins, including SOL, suggests increased … [Continue reading]
US Dollar unlikely to go back to last year’s peak – Charles Schwab
Share: The US Dollar has surged in recent months. Economists at Charles Schwab analyze Greenback’s outlook. Where is the US Dollar headed? The Dollar's strength is likely to continue until there are signs that the Federal Reserve is poised to shift … [Continue reading]
ECB’s Šimkus: Inflation is on its way down
Share: European Central Bank (ECB) Governing Council Gediminas Šimkus said on Tuesday, “Inflation is on its way down.” Further comments The prompt response of monetary policy was effective. Inflation still faces many lines of resistance. … [Continue reading]
Australian Dollar loses ground ahead of RBA interest rate decision
Share: Australian Dollar extends losses due to a stronger US Dollar. Australian Bureau of Statistics showed the number of permits for new construction projects improved in August. Higher US Treasury yields bolster the Greenback, coupled with mixed … [Continue reading]
GBP/USD plummets to eight-month-low on weak UK data, strong US Dollar
Share: GBP/USD tanks over 100 pips, reaching around 1.2080s, as the US Dollar Index advances to a 10-month high, and US bond yields rise. UK manufacturing activity continues its contractionary trend, and declining house prices add to the economic … [Continue reading]
EUR/USD slides below 1.0500 amid rising US yields, hawkish Fed comments
Share: EUR/USD drops to 1.0500, down 0.69%, as rising US Treasury bond yields and expectations of additional Fed tightening weigh heavily on the pair. Contrasting economic outlooks with improving US business activity and decelerating Eurozone … [Continue reading]
South Africa Total New Vehicle Sales declined to 46.021 in September from previous 45679
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]
Italy HCOB Manufacturing PMI above forecasts (45.6) in September: Actual (46.8)
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]
Gold Price Forecast: XAU/USD moves below $1,850 on market caution, Fed Powell speech eyed
Share: Gold price faces challenges after the moderate US data on Friday. US passed bills to avert a government shutdown, securing funding until November 17. Higher US Treasury yields put pressure on non-yielding assets like Gold. Gold price … [Continue reading]
Australia S&P Global Manufacturing PMI: 48.7 (September) vs 48.2
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]