Indian Rupee trades on a flat note on Friday. RBI’s MPC decided to keep the repo rate unchanged at 6.5% in its June meeting due to robust growth momentum. Investors will shift their attention to the highly-anticipated Nonfarm Payrolls … [Continue reading]
WTI extends gains to near $75.50 on hopes of Fed rate cuts following the ECB’s decision
WTI price gains ground due to rising speculation of a Fed rate cut in September. ECB implemented a 25-basis point rate cut on Thursday. Oil prices appreciate as the lower US employment data spark hopes for two rate cuts by the Fed in 2024. West … [Continue reading]
High staking yield may prevent a Mantle sell-off
Over 91% of MNT is in profit following slight gains on Thursday. Most investors are still holding onto their tokens despite MNT setting several new all-time highs between March and April. MNT needs a catalyst before it can rally back toward April … [Continue reading]
Canadian Dollar flattens on Thursday as markets await US NFP
Canadian Dollar treads water as investors buckle down ahead of Friday data. Canada will bring wages and labor change to the table on Friday. US NFP remains the capstone to the week’s data. The Canadian Dollar (CAD) settled into a holding pattern on … [Continue reading]
Eurozone ECB Rate On Deposit Facility meets forecasts (3.75%)
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]
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 6,349.30 Indian Rupees (INR) per gram, up INR 28.10 compared with the INR 6,321.20 it cost on Wednesday. The price for Gold increased to INR … [Continue reading]
Gold price rises to two-week high amid Fed rate cut bets, softer US Dollar
Gold price advances to a two-week top amid the emergence of fresh USD selling. Rising Fed rate cut bets keep the US bond yields depressed and weigh on the buck. Traders look to the US jobless claims for some impetus ahead of the NFP on … [Continue reading]
Ethereum posts mild gains despite possible delay of ETH ETFs
Ethereum ETFs ‘will take some time’ before they launch, according to SEC Chair. ETH's open interest on exchanges surged 50% to a new all-time high after SEC’s U-turn towards ETH ETFs. New accumulating addresses holding 10-10K and 10K-100K ETH have … [Continue reading]
Forex Today: Markets’ attention shifts to the ECB
The Greenback extended its weekly recovery and added to Tuesday’s advance despite the mixed tone of US yields across the curve, as investors started to price in two interest rate cuts by the Fed this year. Meanwhile, traders fully anticipate a 25 bps … [Continue reading]
USD/CHF Price Analysis: Finds support below 200-DEMA despite likely SNB’s intervention
USD/CHF gains ground near 0.8900 as the USD Index holds key support of 104.00. Weak US ADP Employment has limited the US Dollar’s upside. The SNB is expected to intervene amid fears that the weak Swiss Franc could revamp inflation again. The … [Continue reading]