Canadian Dollar broadly weaker on Wednesday, trims early gains against Greenback. Canada brings little of note to the table, BoC Governor Macklem due later. Cooling US CPI inflation bolsters market confidence, but Fed remains cautious. The Canadian … [Continue reading]
US Dollar plunges following soft CPI, markets await FOMC clues
USD pauses uptrend after the release of soft US inflation. Greenback to rely on FOMC meeting to dictate its next move. Investors expect hawkish hold with US central bank keeping rates at 5.25-5.50% range. On Wednesday, the US Dollar Index (DXY) saw … [Continue reading]
India Manufacturing Output down to 3.9% in April from previous 5.2%
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]
Floki price eyes rally following liquidity sweep
Floki price is approaching the bottom of the rising trendline, a key support level from which it is likely to rebound. On-chain data suggests that FLOKI’s development activity is rising, a bullish sign. A daily candlestick close below $0.000193 would … [Continue reading]
US core CPI inflation expected to ease slightly ahead of Fed decision
The US Consumer Price Index is forecast to rise 3.4% YoY in May, at the same pace as in April. Annual core CPI inflation is expected to inch lower from 3.6% in April to 3.5% in May. The inflation data could impact the US Dollar value and the … [Continue reading]
Sushiswap incorporates Sushi Labs to replace existing DAO
Sushiswap has announced the release of its new governing system, Sushi Labs. Sushi Labs will replace the previous DAO structure with a new council structure. SUSHI is down 6% amid a general crypto market dump. Sushiswap (SUSHI) revealed a change in … [Continue reading]
Forex Today: The Dollar looks bid ahead of US CPI, Fed
The Greenback extended its promising start to the week and kept the risk complex under pressure on Tuesday as market participants continued to evaluate political jitters in Europe and pre-FOMC cautiousness started to kick in. Here is what you need to … [Continue reading]
AUD/USD stabilizes near 0.6600 albeit uncertainty ahead of US CPI and Fed’s decision
AUD/USD holds ground slightly below 0.6600 while the outlook remains uncertain. The Fed is expected to hold interest rates steady for the seventh straight time. The Australian Dollar will dance to the tunes of the Employment data. The AUD/USD pair … [Continue reading]
Japanese Yen remains subdued as BoJ is expected to maintain its current policy in June
The Japanese Yen edges lower as the BoJ is expected to maintain its current interest rates on Friday. The stable Japanese equity market has undermined the JPY. The US Dollar holds ground due to reduced odds of the two Fed rate cuts in 2024. The … [Continue reading]
Netherlands, The Consumer Price Index n.s.a (YoY) meets expectations (2.7%) in May
Gold price gained some positive traction on the first day of a new week and reversed a part of Friday's post-NFP slump to the $2,287-2,286 area, or over a one-month low. The uptick, however, remains capped in the wake of a bullish US Dollar, … [Continue reading]