Australian Dollar’s downside is supported by hawkish RBA outlook. Markets now hint at rate cuts not before February 2025. Upcoming May CPI figures will be pivotal for markets to anticipate next RBA moves. Tuesday's session observed a decline in the … [Continue reading]
Mexican Peso pulls back from overbought extremes ahead of Banxico meeting
The Mexican Peso corrects back after becoming overbought ahead of Banxico meeting. The Banxico is likely to keep interest rates unchanged at 11%, supporting the MXN. The short-term trend has reversed for USD/MXN and is probably bearish … [Continue reading]
Aave price poised for an 17% rally after rebounding in key support area
Aave price rebounded 10% from support area between $76.50 and $72.55 on Monday and trades up 6% near $92.00 on Tuesday. Network Realized Profit/Loss metric shows AAVE’s capitulation event on June 22. On-chain data shows that AAVE’s daily active … [Continue reading]
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 6,236.12 Indian Rupees (INR) per gram, down compared with the INR 6,264.13 it cost on Monday. The price for Gold decreased to INR 72,736.83 … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1225 vs. 7.1201 previous
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]
SHIB whale sells amid controversy surrounding WATER meme coin and singer Jason Derulo
SHIB whales could be selling as the Dogecoin competitor has not seen sustained price growth in the past three months. WATER token might be facing selling pressure from increased insider activity. Jason Derulo accused of promoting crypto pump-and-dump … [Continue reading]
US Dollar loses stride, hangs on key economic figures
US Dollar closed out a strong week and opened Monday on a soft note. Fed officials offer cautionary advice concerning easing cycles amidst mixed signals in the economic outlook. May’s PCE data will be key, as well as GDP revisions. On Monday, the US … [Continue reading]
Natural Gas supported with another Norwegian outage
Natural Gas remains steady above $2.80 on Monday, near last week’s support. Traders assess another outage in Norway at the Hammerfest LNG plant. The US Dollar index trades in the high 105.00-region, though it might face pressure from Yen … [Continue reading]
Japanese Yen inches higher due to verbal intervention by Japanese authorities
The Japanese Yen holds ground, possibly due to verbal intervention by Japanese authorities. Japan's Masato Kanda said he would intervene around the clock if necessary. The US Dollar edges higher as Fed officials keep delaying the timing of the … [Continue reading]
Japanese Yen remains stable possibly due to intervention by Japanese authorities
The Japanese Yen holds ground, possibly due to intervention in the FX market by Japanese authorities. Japan's Masato Kanda said he would intervene around the clock if necessary. The US Dollar edges higher as Fed officials keep delaying the … [Continue reading]