EUR/USD tipped into 1.1300 for the first time in over a year on Friday. Fed policymakers open the door to rate cuts during Jackson Hole. Coming up next week: key EU and US inflation prints. EUR/USD rallied into its second-best day of August, … [Continue reading]
Ethereum buyers gain momentum after Fed Chair speech, moving over 284K ETH from exchanges
Ethereum jumped by over 5% after Fed Chair confirmed that the central bank is looking to cut rates. ETH exchange net flows hit a two-month low after buyers moved over 283.9K ETH out of exchanges. Ethereum ETFs extend outflow streak to six … [Continue reading]
Australian Dollar closes the week strong helped by a weaker USD and a hawkish RBA
AUD/USD soared on Friday after Powell’s words at the Jackson Hole Symposium. Powell hinted that the Fed is ready to cut rates. On the other hand, the RBA is comfortable with restrictive rates, which favors the Aussie. AUD/USD rose by more than 1% to … [Continue reading]
US Dollar closes a losing week as markets grow confident about a dovish Fed
DXY Index declines as investors favor riskier assets following Powell's dovish speech. Powell hinted that the economic outlook is coming closer to the Fed’s goal. Markets have already priced in a September cut. The US Dollar (USD), measured by the … [Continue reading]
GBP/USD chalks in seventh straight winning day on Fed rate cut hopes
GBP/USD vaulted over 1.3200 on broad-market Greenback weakness. Fed gave a head nod to impending rate cuts, sending risk appetite into the ceiling. Coming up next week: UK Monday holiday, US GDP and PCE inflation. GBP/USD found a Fed-fueled surge on … [Continue reading]
NZD/USD Price Analysis: Bulls take charge, outlook bullish
NZD/USD rose by 1.55% to close at 0.6235. The RSI has risen above 70, while the MACD is showing rising green bars, indicating strong bullish momentum. A break above 0.6250 could lead to a further rally towards 0.6300. In Friday's session, the … [Continue reading]
EUR/USD Weekly Forecast: Further advances appear in the pipeline
Rising bets for a rate cut by the Fed in September weighed on the US Dollar. Powell paved the way for an interest rate cut in September. EUR/USD reached a new 2024 high near 1.1200 and retargets 1.1275. Another solid weekly performance saw EUR/USD … [Continue reading]
USD/CAD: Moves towards the support area at 1.3550/60 – Scotiabank
The Canadian Dollar (CAD) retains a firm undertone but is struggling to extend gains beyond the upper 1.35 zone, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD decline has room to run “Our fair value estimate has edged a little higher to … [Continue reading]
Binance Coin price outlook improves as on-chain metrics support bulls
Binance Labs has recently invested in four crypto startups through its MVB Accelerator Program. Artemis Analytics data shows that BNB generated $86,200 in daily revenue on Wednesday, the highest since early June. On-chain data shows that BNB DEX … [Continue reading]
Australian Dollar remains solid as US Dollar depreciates ahead of Fed Powell’s speech
The Australian Dollar gains ground due to an improved risk-on mood on Friday. The AUD may appreciate further due to the hawkish sentiment surrounding the RBA’s stance on its policy outlook. The US Composite PMI indicated that business activity … [Continue reading]