The broader cryptocurrency market is regaining strength, pointing toward a renewed bull run. The US Treasury Department announced on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing … [Continue reading]
Washington bought the Japanese Yen again without meaning to
USD/JPY closed Wednesday 0.92% lower just above 158.00, the largest single-session decline since the early-August intervention, and Tokyo did not lift a finger for it. The Yen's best session since Tokyo last spent money defending it was delivered … [Continue reading]
Gold rallies as buyback sinks yields despite Fed hawkish minutes
Gold (XAU/USD) rallies during Wednesday’s session after the US Federal Reserve released the minutes of its July meeting, in which the US central bank held rates unchanged but not unanimously, with three members dissenting and calling for a rate hike. … [Continue reading]
Fed Minutes expected to shed light on the depth of FOMC hawkish split
The United States (US) Federal Reserve (Fed) will release the Minutes of the July Federal Open Market Committee (FOMC) meeting on Wednesday. The document should allow investors to assess the extent of the hawkish bias within the central bank after a … [Continue reading]
Euro remains stronger following July’s Eurozone HICP data
EUR/USD rises after registering minor losses in the previous day, trading around 1.1600 during the European hours on Wednesday. The pair holds ground as the Euro (EUR) remains stronger following the release of Eurozone Harmonized Index of Consumer … [Continue reading]
Gold struggles to capitalize on recovery from weekly low as traders await FOMC Minutes
Gold (XAU/USD) struggles to capitalize on its modest intraday bounce from the weekly low, touched during the Asian session on Wednesday, and currently trades just below $4,350. The US Dollar (USD) attracts some sellers, stalling this week's goodish … [Continue reading]
Australian Dollar reverses as Iran risks lift USD ahead of Fed minutes
The Aussie Dollar reversed its course against the Greenback on Tuesday as investors remain uncertain of the outcome of the Middle East conflict, which tends to push energy prices higher, increasing the likelihood that major central banks would need … [Continue reading]
Forex Today: US Dollar firms on Hormuz jitters ahead of UK CPI and FOMC Minutes
Here is what you need to know on Wednesday, August 19:The US Dollar Index (DXY) held a firm tone near the 99.60s on Tuesday, keeping a mild safe-haven bid as tensions around the Strait of Hormuz stayed front and center. Gold and Oil both sold off, … [Continue reading]
XRP extends downtrend to levels last seen in 2024
Ripple (XRP) falls below the immediate $1.00 support level on Tuesday as investors weigh escalating tensions in the Middle East. The remittance token has remained in a bearish trend for most of this year, with losses below $1.00 likely to dominate … [Continue reading]
Crypto Today: Bitcoin, Ethereum, XRP falter amid escalating US-Iran tensions
Cryptocurrency prices are broadly correcting on Tuesday, with Bitcoin (BTC) edging lower toward $64,000. Ethereum (ETH) shows weakness amid ongoing narrow-range consolidation, while Ripple (XRP) trades below $1.00, weighed down by falling technical … [Continue reading]