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]
Japanese Yen trims a part of strong intraday gains; USD/JPY recovers from multi-month low
Share: The Japanese Yen rallies to a fresh multi-month peak against the USD on Thursday. Hopes for a BoJ pivotl boost the JPY and drag USD/JPY closer to sub-141.00 levels. The post-FOMC USD selling bias further contributes to the steep … [Continue reading]
USD/CAD attracts some sellers below 1.3500, eyes on US Retail Sales, BoC’s Macklem speech
Share: USD/CAD loses ground around 1.3488 after the Federal Reserve's (Fed) meeting. As widely expected, the Fed maintained the Fed funds target range steady at its December meeting. A rebound in oil prices lends some to the commodity-linked … [Continue reading]
US Dollar extends losses after Powell’s presser
Share: The DXY Index declined to 102.90. As expected, the Fed decided to hold rates steady at the 5.25-5.50% range and confirmed that there won't be any more hikes. Interest rate projections were revised lower, weighing on the US yields and the … [Continue reading]
Canadian Dollar churns as markets gear up for last US Fed rate call of 2023
Share: Canadian Dollar is set for a bumpy ride as markets face down one last appearance from Fed Chair Powell. FOMC updates Dot Plot as investors hope for a firm path toward rate cuts in 2024. CAD catches a supporting bid from rising Crude Oil, WTI … [Continue reading]
Gold wavers near recent lows with all eyes on Fed decision
Share: Gold prices consolidate losses as investors wait for the Fed. Strong employment and sticky inflation have cooled hopes of a Fed pivot. XAU/USD is hovering right above an important support area. Gold prices (XAU/USD) remain practically flat … [Continue reading]
Ripple holders wary of final push in US crypto legislation, XRP price resists drop to $0.55
Share: XRP price is likely to decline to the imbalance zone at $0.55, before a rebound in the altcoin. Pro-XRP attorney John Deaton slammed US Senator Elizabeth Warren’s crypto bill. Ripple is battling selling pressure amidst regulatory … [Continue reading]
Spot Bitcoin ETF listing might witness a gap after approval, says Bloomberg ETF analyst
Share: Bitcoin ETF applicants have been meeting with the SEC over the past week, BlackRock being the latest addition. According to James Seyffart, while the approval might come by January 10, listing could take some time. Bitcoin price is still … [Continue reading]
AUD/USD remains on the defensive around the mid-0.6500s ahead of US PPI, Fed decision
Share: AUD/USD remains on the defensive around 0.6558 ahead of the key event. US Consumer Price Index (CPI) for November rose 0.1% MoM and 3.1% YoY, matching expectations. Chinese government emphasized the importance of industrial policy next year, … [Continue reading]
United States 30-Year Bond Auction down to 4.344% from previous 4.769%
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]