The Aussie Dollar benefits from a weaker US Dollar and strong employment data. China's economic slowdown weighs on risk sentiment and limits AUD gains. Soft housing data also weighed on the USD on Friday. The AUD/USD pair extended its recovery … [Continue reading]
XRP hovers above $0.55 as SEC raises no argument on the token’s legal clarity
XRP traders around $0.55 on Friday, gains less than 1% on the day. SEC’s appeal in Ripple lawsuit is now publicly available and does not raise a question on the altcoin’s legal status. SEC vs. Ripple lawsuit’s July 2023 ruling provided … [Continue reading]
Dow Jones Industrial Average tiptoes into another record high on Friday
The Dow Jones tested further into record territory despite a lack of momentum. Q3 earnings season bolstered investor confidence as earnings broadly beat expectations. US economic data further buoyed risk appetite as recession fears evaporate. The … [Continue reading]
Dow Jones Industrial Average trudges higher on Friday
The Dow Jones tested further into record territory despite a lack of momentum. Q3 earnings season bolstered investor confidence as earnings broadly beat expectations. US economic data further buoyed risk appetite as recession fears evaporate. The … [Continue reading]
US Dollar sees fades picking up speed with Fed-packed US trading session getting underway
The US Dollar sees fade broaden on Friday after a steep ride higher. Traders see China stepping up measures with deposit rate cuts and more stimulus details. The US Dollar Index rally looks to be halting for now, ahead of … [Continue reading]
USD: Dollar rally has more to go – ING
US retail sales came in strong yesterday, and the timing of their release (15 minutes after the European Central Bank cut) worked perfectly to favour another leg higher in the US Dollar (USD), ING’s FX analyst Francesco Pesole notes. DXY might … [Continue reading]
Silver Price Forecast: XAG/USD holds position near $32.00 due to safe-have flows
Silver price appreciates due to safe-haven flows amid rising geopolitical tensions in the Middle East. Risk aversion strengthens due to the killing of Yahya Sinwar, the militant leader of Hamas. Demand for the non-yielding Silver increases due to the … [Continue reading]
EUR/USD continues to slump after ECB rate cut
EUR/USD lost another one-third of one percent on Thursday. The ECB cut rates in-line with expectations, stripping support from underneath the Euro. US data blew the doors off market forecasts, further bolstering the Greenback. EUR/USD continues to … [Continue reading]
Dow Jones Industrial Average claims new territory on the high side on Thursday
The Dow Jones climbed over 200 points at its daily peak to clip a new all-time high. The AI bid is back in action with chip stocks back on the rise. US Retail Sales rebounded in September, beating forecasts across the board. The Dow Jones … [Continue reading]
United States 4-Week Bill Auction: 4.7% vs previous 4.75%
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]