Cryptocurrency prices are largely consolidating, with Bitcoin (BTC) hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum (ETH) shows signs of recovery but remains below the $1,900 hurdle, while Ripple (XRP) hovers … [Continue reading]
Euro trims losses against the British Pound following hot German inflation data
The Euro (EUR) has picked up from session lows against the British Pound (GBP) on Wednesday as hot German inflation figures have partially offset a mild risk-off sentiment, amid flaring tensions in the Middle East. The EUR/GBP pair ticked up to … [Continue reading]
British Pound loses as rising US Dollar, geopolitical tensions weigh on sentiment
GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500 during the Asian hours on Wednesday. The currency pair continues to hold its losses as the US Dollar (USD) gains strength ahead of a crucial inflation report. … [Continue reading]
Mexican Peso hits 25-month high as US CPI lurks
The Mexican Peso (MXN) is poised to end Tuesday’s session with solid gains of 0.32% against the US Dollar (USD) as money markets await the release of the US July inflation figures, while USD/MXN trades at 17.08, a level last seen in June 2024.USD/MXN … [Continue reading]
Australian Dollar Price Forecast: Looking to extend the recovery
The Aussie Dollar's recovery appears to have met some resistance in the 0.7070-0.7080 band against the US Dollar so far. Indeed, AUD/USD still shows signs of struggling to surpass 0.7000 in a sustainable fashion, while the constructive outlook still … [Continue reading]
Ripple Price Forecast: XRP’s slow grind near $1.00 raises risk of deeper sell-off
Ripple (XRP) continues to lose momentum on Tuesday, as bears tighten their grip. The drop toward $1.00 aligns with lethargic sentiment in the broader cryptocurrency market. A daily close below that critical demand area could deepen the sell-off, … [Continue reading]
Japanese Yen struggles below 159.00 vs USD amid fiscal woes, US-Japan rate gap
The USD/JPY pair reverses an intraday dip to sub-159.00 levels and climbs to the top end of its daily range during the early part of the European session on Tuesday. Spot prices currently trade around the 159.25-159.30 region, near a … [Continue reading]
RBA set to hold interest rate unchanged as markets await Bullock’s policy signals
The Reserve Bank of Australia (RBA) is on track to keep the Official Cash Rate (OCR) steady at 4.35% for the second consecutive meeting on Tuesday.The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement (MPS) and … [Continue reading]
EUR/USD Price Forecast: 100-day SMA caps Euro recovery
The Euro is poised to end Monday’s session with losses of about 0.13% against the Greenback, as recent news points to a delay in talks between the US and Iran, while, from a technical perspective, EUR/USD stalled at the 100-day Simple Moving Average … [Continue reading]
WTI jumps over 6% as Strait of Hormuz reopening remains uncertain
West Texas Intermediate (WTI) jumps more than 6% on Monday, erasing last week’s losses as uncertainty over when the Strait of Hormuz will reopen keeps supply concerns and the geopolitical risk premium firmly in place. At the time of writing, WTI … [Continue reading]