Ripple (XRP) holds above $1.40 support on Wednesday, as bulls return to take control following three consecutive days of declines. The remittance token’s upside appears capped at $1.50 while extended gains would face additional resistance at $1.70. A … [Continue reading]
Australian Dollar remains firm on firm RBA interest rate hike prospects
The Australian Dollar (AUD) is up 0.1% at around 0.7180 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair remains firm this week due to continued outperformance by the antipodean. Australian Dollar Price … [Continue reading]
WTI falls below $81.00 as Iran-Oman talks fuel hopes of Hormuz reopening
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $80.90 during the early European trading hours on Thursday. WTI slumps as hopes grow for a reopening of the Strait of Hormuz amid diplomatic efforts involving … [Continue reading]
BoJ’s Himino: Persist in raising rate, adjust monetary support based on economic, price
Bank of Japan (BoJ) Deputy Governor Ryozo Himino said on Thursday that central bank should persist in raising policy rate and adjust monetary support based on economic, price, and financial trends. Key quotesIncreasing global AL demand to drive … [Continue reading]
Japanese Yen slips ahead of Tokyo CPI
USD/JPY trades around 159.40 on Wednesday, holding onto modest gains as a firmer US Dollar (USD) keeps the pair underpinned. The Dollar is broadly bid ahead of the Jackson Hole Symposium.Reports of a United States (US)-Iran ceasefire that would … [Continue reading]
Bitcoin vs Gold Price Prediction: Rally cools as US PCE inflation holds steady
Bitcoin (BTC) is edging lower, trading slightly above $78,000 on Wednesday. This correction comes after last week’s rally and the subsequent rejection around $81,000. The decline reflects cooling sentiment amid overheated market conditions and … [Continue reading]
Australian Dollar: Hot CPI supports carry and RBA risk – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Australian Dollar (AUD) is outperforming after hotter-than-expected July Consumer Price Index (CPI) data lifted Reserve Bank of Australia (RBA) rate hike expectations. Futures now almost fully … [Continue reading]
US core PCE inflation set to keep pressure on the Federal Reserve to hike interest rates
The United States (US) Bureau of Economic Analysis (BEA) is expected to publish the Personal Consumption Expenditures (PCE) Price Index data for July on Wednesday, at 12:30 GMT. The PCE Price Index is one of the most relevant indicators for … [Continue reading]
Top 3 Crypto Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses near $80,000, ETH at $2,500, XRP below $1.50
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are facing downside pressure near key psychological thresholds as last week's double-digit rally loses momentum. The pullback reflects near-term corrective measures as traders book profits.Bitcoin is … [Continue reading]
Singapore Dollar: Consolidation risk after recent gains against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong expect USD/SGD to consolidate as earlier Singapore Dollar (SGD) gains face a modest US Dollar (USD) rebound and position unwinding ahead of United States (US) core Personal Consumption Expenditures (PCE) … [Continue reading]