XRP gained over 250% so far in 2024 following Donald Trump's election victory and SEC Chair Gary Gensler's resignation. The SEC's appeal in its case against Ripple and the potential XRP ETF launch are key factors that could determine XRP's … [Continue reading]
USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data
USD/JPY retreats below 157.00 at the end of the week. Traders dumped the USD after soft PCE data. The Fed's hawkish outlook might limit the pair's downside. The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 … [Continue reading]
US Dollar edges lower after soft PCE data
DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), … [Continue reading]
Australian Dollar recovers as traders await RBA minutes next week
Aussie edges up 0.33%, consolidating around 0.6200. Markets digest US PCE data for policy cues. Fed is seen holding rates steady in early 2025. The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal … [Continue reading]
United Kingdom CFTC GBP NC Net Positions dipped from previous £27.1K to £21.6K
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]
United States CFTC S&P 500 NC Net Positions up to $-39.9K from previous $-83.3K
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]
United States CFTC Oil NC Net Positions climbed from previous 190.1K to 230K
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]
US Dollar eases amid profit-taking and year-end positioning
DXY slips as profit-taking sets in, falling toward 107.80. Traders parse disinflationary PCE data after Fed’s hawkish cut on Wednesday. The soft inflation readings might not alter the ‘wait and see’ posture of the Fed. The US Dollar Index (DXY), … [Continue reading]
Crude Oil slides for a fifth day this week on Fed rate concerns
Oil prices set for a weekly loss in this final normal trading week of 2024. The hawkish message from the Fed on rate cuts for 2025 has scared investors away from commodities. The US Dollar Index did hit a two-year high for a third day … [Continue reading]
Pound Sterling faces pressure on moderate UK Retail Sales growth
The Pound Sterling faces pressure as gorowth in the UK Retail Sales data for November came in lower than anticipated. A higher number of BoE officials voted for an interest rate cut on Thursday, boosting dovish bets for 2025. Investors await the … [Continue reading]