Gold price continues to attract haven flows amid US political jitters and Middle East woes. A further rise in the US bond yields revives the USD demand and caps the precious metal. Traders now look to the release of the US PCE Price Index for some … [Continue reading]
EUR/USD holds above 1.0850 on weaker US Dollar, eyes on US PCE data
EUR/USD edges higher to around 1.0855 in Thursday’s early Asian session. Private sector employment increased by 233,000 jobs in October. The Eurozone HICP and the US PCE inflation data will be in the spotlight on Thursday. The … [Continue reading]
Ethereum Price Forecast: ETH could become deflationary again when blobspace gets saturated
Ethereum price today: $2,680 Ethereum could see its burn rate increase again if demand for L2s grows. Bitwise CIO says Ethereum rally is more likely than Bitcoin's if Donald Trump wins the US presidential election. Ethereum could test its yearly … [Continue reading]
US Dollar retreats after strong ADP, missing GDP
The US Dollar turned lower after Wall Street's opening, DXY holds above 104.00. US GDP grew below expectations in the third quarter but still at a pace consistent with a strong economy. The pair remains moving sideways with 104.55 resistance … [Continue reading]
Pound Sterling trades with caution ahead of UK Autumn budget statement
The Pound Sterling wobbles ahead of the UK budget announcement, in which the Labour administration is expected to raise taxes and boost spending. Investors expect the BoE to cut interest rates by 25 bps on November 7. Market participants await US … [Continue reading]
Ripple CTO says nothing on XRPLedger can move without XRP, altcoin gains 2%
XRP price climbs nearly 2% on the day, the altcoin is back above $0.5300. Ripple CTO David Schwartz addresses XRP holder’s concerns about the token’s utility on the blockchain. XRP could gain 13% and test the psychologically important … [Continue reading]
Breaking: Australia’s CPI inflation drops to 0.2% QoQ in Q3 vs. 0.3% expected
Australia’s Consumer Price Index (CPI) rose 0.2% QoQ in the third quarter (Q3) of 2024, compared with the 1.0% increase seen in the second quarter, according to the latest data published by the Australian Bureau of Statistics (ABS) on … [Continue reading]
US Dollar steady ahead of key data, mixed JOLTS
US bond yields rise, supported by sentiment favoring Trump in the upcoming US presidential election and cautious Fed stance on future rate cuts. Job openings decrease slightly in September to 7.44 million. US Housing Prices index from August saw an … [Continue reading]
Gold rallies to new all-time highs after US Jobs data
Gold rallies to new highs in the $2,770s after the release of US JOLTS jobs data. The precious metal was also supported by cheaper Oil which is likely to lead to lower interest rates – a positive for Gold. XAU/USD … [Continue reading]
Ireland Retail Sales (MoM): 0.5% (September) vs -1.5%
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]