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]
New Zealand Retail Sales ex Autos (QoQ) down to -1% in 2Q from previous 0.4%
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]
Charles Hoskinson talks about Cardano’s “hidden superpowers”, ADA on-chain metrics turn bullish
Charles Hoskinson talks about the competitive advantage of Cardano during recent fireside chat event. Hoskinson considers consensus building as the hidden superpower of the Ethereum competitor chain. Cardano on-chain metrics paint a … [Continue reading]
Breaking: US S&P Manufacturing PMI drops to 48 in August, Composite PMI falls to 54.1
US S&P Global Composite PMI edged lower to 54.1 in August's flash estimate from 54.3 in July, showing that the business activity in the US' private sector continued to expand at a healthy pace. Developing story, please refresh the page … [Continue reading]
Pound Sterling strengthens on robust expansion in flash UK PMI
The Pound Sterling extends its winning spell against the US Dollar after strong UK flash PMI for August UK Composite PMI expanded at a robust pace to 53.4. The major event this week will be Powell and Bailey’s speeches at Jackson … [Continue reading]