Not only was there a political bang in the US yesterday, but also in Germany late last night. After Chancellor Olaf Scholz fired Finance Minister Christian Lindner, the so-called “Ampelkoalition” (a coalition between the Christian Democrats, the … [Continue reading]
Japanese Yen struggles to capitalize on modest intraday gains; not out of the woods yet
The Japanese Yen draws support from fears about a possible government intervention. The BoJ rate-hike uncertainty and the risk-on environment should cap the safe-haven JPY. Elevated US bond yields could act as a tailwind for USD/JPY ahead of … [Continue reading]
Japan’s Top FX Diplomat Mimura: Closely watching FX moves with a high sense of urgency
Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for … [Continue reading]
Crypto Today: All Bitcoin holders in profit, TRON partners with Chainlink, DOGE miners in $145M buying spree
Bitcoin price reached a new all-time high of $75,120 on November 6 as markets reacted to Donald Trump’s victory in the 2024 US presidential election. The global cryptocurrency sector valuation (TOTALCAP) grew by $190 billion (7.31%) within the daily … [Continue reading]
Gold Price Forecast: XAU/USD pares losses, consolidates around $2,660
XAU/USD Current price: $2,666.19 Former President Donald Trump won the 2024 presidential election. The Federal Reserve will announce its decision on monetary policy on Thursday. XAU/USD trades near its daily low, more slides likely despite near-term … [Continue reading]
Bitcoin Price Forecast: BTC soars to a new all-time of $75,407 as Trump wins US presidential election
Bitcoin price today:$73,200 Bitcoin soars to a new all-time high of $75,407 on Wednesday as Trump wins the US presidential election. The technical outlook suggests that BTC’s next target could be the 141.40% Fibonacci extension level above $78,000. … [Continue reading]
USD/JPY Price Forecast: US election-led rally beyond 154.00 sets the stage for additional gains
USD/JPY jumps to a multi-month top as the Trump enthusiasm provides a strong boost to the USD. Surging US bond yields, the risk-on environment and the BoJ uncertainty weigh heavily on the JPY. The supportive fundamental backdrop and the … [Continue reading]
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC breaks all-time high of $73,777 as Trump takes the lead
Bitcoin breaks above its all-time high of $73,777 on Wednesday as Donald Trump leads in the presidential election. Ethereum approaches the $2,485 resistance level; a firm close above could signal a possible upward momentum. Ripple price finds support … [Continue reading]
USD/CAD softens below 1.3850 as traders brace for US election results
USD/CAD edges lower to around 1.3825 in Wednesday’s early Asian session. Election-related uncertainty weighs on the USD. Higher crude oil prices might support the Loonie for the time being. The USD/CAD pair weakens to near 1.3825 … [Continue reading]
Mexican Peso tumbles as US election, judicial reform stir market uncertainty
Mexican Peso depreciates against the US Dollar, as USD/MXN remains above 20.00 figure. Mexican Supreme Court debates judiciary reform amid rising domestic political tensions. US election in close race adds to Peso's depreciation as investors seek … [Continue reading]