Share: Pound Sterling jumps strongly on upbeat UK labor market data, higher wage growth. The growth in average earnings was higher than expected, allowing BoE to maintain a hawkish narrative. The US inflation data will guide further action in the … [Continue reading]
France ILO Unemployment registered at 7.5% above expectations (7.4%) in 4Q
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]
Australian Dollar depreciates despite improved Consumer Confidence, US Dollar remains calm
Share: Australian Dollar loses ground amid a stable US Dollar. Australia Consumer Confidence jumped 6.2% to 86 in February. The US Dollar holds ground despite subdued US Treasury yields. US CPI YoY and MoM could moderate to 3.0% and 0.2%, … [Continue reading]
Bitcoin price reclaims $50,000 with upwards of 12.5X more BTC purchases per day than the network can produce
Bitcoin (BTC) price has left the cryptocurrency community in awe after reclaiming its two-year high of $50,000. The milestone comes as spot BTC exchange-traded funds continue to drive markets. Bitcoin, altcoins, stablecoins FAQs Bitcoin is the … [Continue reading]
Gold Price Forecast: XAU/USD extends its monthly slide towards $2,000
Share: XAU/USD Current price: 2,015.77 Federal Reserve’s speakers repeat the well-known message of wait and see. The United States will publish the January Consumer Price Index on Tuesday. XAU/USD nears the $2,000 mark with a solid bearish stance … [Continue reading]
US Dollar to soften over the balance of 2024 versus the core majors – Scotiabank
Share: The new year has started with the US Dollar (USD) recovering somewhat from its late 2023 sell-off. Economists at Scotiabank analyze Greenback’s outlook. Narrowing growth and interest rate differentials will combine as a headwind for the USD … [Continue reading]
EUR/USD can find some support back above 1.0800 – ING
Share: EUR/USD gains ground for the fifth consecutive session on Monday near 1.0800. Economists at ING analyze the pair’s outlook. EUR/USD volatility should remain capped The holding pattern that EUR/USD has shown recently may well remain the norm … [Continue reading]
Gold Price Forecast: XAU/USD looks south as the US CPI inflation week kicks in
Share: Gold price trades on the wrong footing at the start of the new week. Markets stay cautious amid holiday-thinned trade, ahead of Tuesday’s US CPI data. Gold price test critical daily support line at $2,023, as RSI flips bearish. Gold … [Continue reading]
Near Protocol Price Forecast: NEAR kicks starts its 100% bounce
Share: Near Protocol price has registered a 21% recovery rally after retesting the $2.57 to $2.70 resistance level. Investors can expect this bounce to continue until it retests the $5.87 weekly hurdle. A decisive three-day candlestick close … [Continue reading]
Cosmos price likely to bounce 10% as ATOM overcomes key resistance
Share: Cosmos price has flipped the $9.83 resistance level into a support floor. ATOM could retest $9.33, allowing sidelined buyers an opportunity to accumulate. Investors can expect a 10% rally to $10.94. A twelve-hour candlestick close … [Continue reading]