Share: The US Dollar roars on higher inflation numbers. Rate differential between US Dollar widens against most major peers and pushes US Dollar valuation higher The US Dollar Index heads to 105 with equities in Risk Off The US Dollar (USD) is … [Continue reading]
Pound Sterling refreshes weekly high on upbeat UK Employment data, US Inflation in focus
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]