Gold price attracts some buyers to around $4,070, snapping the three-day losing streak during the early Asian session on Wednesday. The precious metal rises amid the risk-off sentiment as traders brace for the long-awaited return of US … [Continue reading]
Bitcoin sell-off tied to fading December rate cut odds: Wintermute
Bitcoin (BTC), along with other top cryptos, continued its downtrend over the past week as risk-off sentiment intensified across the digital asset market.The top crypto's sell-off last week was mainly driven by a sharp drop in market expectations of … [Continue reading]
BoE’s Pill: Policymakers should be cautious
Bank of England (BoE) Chief Economist Huw Pill spoke at an interview with Reuters in the Bank of England in London on Tuesday. He said that underlying inflation dynamics in the UK are lower than headline inflation suggests and that policymakers … [Continue reading]
Australian Dollar pares losses as US Dollar declines on market caution
The Australian Dollar (AUD) recovers its intraday losses but remains in the negative territory against the US Dollar (USD) on Tuesday after registering losses in the previous session. The AUD/USD pair remained subdued after the Reserve Bank of … [Continue reading]
PBOC sets USD/CNY reference rate at 7.0856 vs. 7.0816 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0856 compared to the previous day's fix of 7.0816 and 7.1096 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the … [Continue reading]
Dow Jones Industrial Average drops below 47,000 on AI concerns and Fed uncertainty
The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding 750 points at its lowest and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered. … [Continue reading]
EUR/GBP retreats from highs as Sterling firms on profit-taking, BoE comments
The Euro weakens against the British Pound on Monday, with EUR/GBP extending its pullback after climbing to fresh year-to-date highs near 0.8865 on Friday, as traders react to contrasting signals from the European Central Bank (ECB) and the Bank of … [Continue reading]
USD/CHF climbs amid US Dollar strength, SNB rate hold anticipation
USD/CHF remains supported on Monday, trading around 0.7950 at the time of writing, up 0.17% on the day. The pair is lifted by renewed strength in the US Dollar (USD) as expectations for an imminent policy easing by the Federal Reserve (Fed) continue … [Continue reading]
Switzerland Industrial Production (YoY) rose from previous -0.1% to 2.4% in 3Q
Bitcoin Ethereum, and Ripple begin the week on a cautious note, trading near their respective support levels. Market sentiment remains fragile following last week’s volatility, with BTC, ETH, and XRP correcting by nearly 10%, 14%, and 7%, … [Continue reading]
Top Crypto Gainers: Aster, Starknet, and Zcash recovery at risk
Aster (ASTER), Starknet (STRK), and Zcash (ZEC) trade in the green over the last 24 hours, struggling to retain gains while the broader cryptocurrency market is in the red. The technical outlook of Aster and Zcash remains mixed as bearish potential … [Continue reading]