The week that wasThe US Dollar (USD) began the week on a firm footing, though its early momentum faded as the days went on. Even so, the US Dollar Index (DXY) managed to close with modest gains around the 99.00 mark, enough to erase the previous … [Continue reading]
Pump.fun Price Forecast: PUMP shows bullish signs despite falling revenue, DEX volume
Pump.fun (PUMP) edges higher, trading marginally above $0.0040 after pulling back from an intraday high of $0.0042 on Friday. The meme coin launchpad native token builds on a bullish wave in the broader cryptocurrency market, which … [Continue reading]
EUR/USD Weekly Forecast: Gearing up for Fed, ECB announcements
The EUR/USD pair ends the week with modest losses in the 1.1620 region, having shown little signs of life over the past few days. Financial markets got little to work with amid the continued United States (US) government shutdown and the subsequent … [Continue reading]
USD/JPY consolidates near 153.00 with US Inflation, PMIs on focus
The US Dollar holds previous gains, with price action steady, a few pips below the 153.00 line. Investors are biding their time ahead of the releases of September’s US Consumer Prices Index (CPI) data and October’s preliminary S&P Global … [Continue reading]
AUD/JPY holds positive ground above 99.50 as trade talks boost investor sentiment
The AUD/JPY cross trades on a stronger note near 99.35 during the early European session on Friday. Hope for a US-China trade deal provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY). Traders will take more cues from … [Continue reading]
Australian Dollar remains steady following PMI data
The Australian Dollar (AUD) steadies against the US Dollar (USD) after the release of the preliminary S&P Global Purchasing Managers Index (PMI) on Friday. Traders await key quarterly inflation data for Australia next week that could shape the … [Continue reading]
Dow Jones Industrial Average trims recent declines on Thursday
The Dow Jones Industrial Average (DJIA) found slim gains on Thursday, climbing around 150 points and clawing back some of the losses that pummeled the major equity index the previous session. Investors remain leery of a fresh steepening of the … [Continue reading]
Gold Price Forecast: XAU/USD aims to recover ahead of US CPI data
XAU/USD Current price: $4,134.50The September US Consumer Price Index will be released on Friday.The absence of a clear catalyst maintains investors sidelined.XAU/USD holds on to modest intraday gains aims to extend its recovery.The XAU/USD pair … [Continue reading]
Canada Employment Insurance Beneficiaries Change (MoM): 0.1% (August) vs previous 1.2%
Gold advances marginally on Thursday, trying to leave behind part of the recent deep sell-off and hovering around the $4,100 region per troy ounce amid a firm US Dollar, mixed US Treasury yields and concerns on the trade front. In addition, rising … [Continue reading]
EUR: Heading into a non-event ECB – ING
EUR/USD is hovering around 1.160, a level that, in our view, can work as an anchor again today and possibly for a few more days should US CPI fail to add much to the US Dollar (USD) narrative, ING's FX analyst Francesco Pesole notes.Next week’s ECB … [Continue reading]