The US Dollar edges lower on Wednesday after markets labelled Harris as the winner of Tuesday’s presidential election debate. US CPI data for August is the last point for the Fed to take into account before next week’s decision. The US … [Continue reading]
USD/INR consolidates as traders expect a potential for RBI intervention
The Indian Rupee remains stable amid rising speculation of RBI interventions in open FX markets. Lower crude Oil prices favor the INR as India is the world’s third-largest Oil consumer and importer. The US Dollar depreciates as the Treasury yields … [Continue reading]
Australian Dollar moves little following RBA Hunter’s remarks, US Presidential Debate
The AUD/USD pair remains stable following the remarks from the RBA’s Assistant Governor (Economics), Sarah Hunter. RBA’s Sarah Hunter noted that elevated rates are suppressing demand, which is expected to lead to a mild economic downturn. Donald … [Continue reading]
US Dollar defends its ground ahead of CPI data
US Dollar is rising ahead of the presidential debate, continuing its strength despite ongoing dovish Fed easing expectations. Outcome of tonight's debate between Vice President Harris and former President Trump might shake the USD’s ground. Dovish … [Continue reading]
United States 3-Year Note Auction down to 3.44% from previous 3.81%
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]
GBP/CHF edges lower as Swiss Franc continues to outperform
GBP/CHF trades marginally lower as the Pound weakens against the Franc. UK employment data was robust and led to GBP rising in its key pairs. GBP/CHF fell, however, due to the resilience of the Swiss Franc. GBP/CHF edges lower on … [Continue reading]
EUR/USD Forecast: Euro shows no signs of a rebound
EUR/USD seems to have entered a consolidation phase near 1.1050. The technical outlook doesn't yet suggest that the pair is looking to recover. The US economic calendar will not feature any high-tier data releases. After ending the previous week on … [Continue reading]
USD/CAD holds steady above mid-1.3500s, eyes 200-day SMA amid modest USD strength
USD/CAD regains some positive traction amid some follow-through USD buying interest. Subdued Crude Oil prices undermine the Loonie and further lend support to the major. Traders now look to BoC Governor Macklem's speech ahead of the US CPI on … [Continue reading]
New Zealand Manufacturing Sales up to 0.6% 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]
What’s next for Ripple after XRP reserve on Binance declines by 167 million tokens
XRP token reserve on Binance is down 167 million from August through the time of writing. Ripple CEO Brad Garlinghouse discussed blockchain technology potential with Japanese lawmaker Taira Masaaki on XRP community day, September 6. XRP … [Continue reading]