Share: The USD/CHF is navigating towards the 0.8700 level, seeing a 0.45% loss. The pair tallied a 4-day losing streak, and indicators flash oversold conditions. Thomas Barkin from the Fed warned markets about further tightening and stubborn … [Continue reading]
US Core PCE Preview: Forecasts from seven major banks, inflation falls, but remains too high
Share: The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Thursday, November 30 at 13:30 GMT and as we get closer to the release time, here are the … [Continue reading]
Euro comes under pressure and retreats to 1.0970 ahead of German CPI, US GDP
Share: The Euro fades the initial uptick above 1.1000 against the US Dollar. European stocks trade with decent gains so far on Wednesday. Flash Germany’s CPI, advanced US Q3 GDP Growth Rate next on tap. The Euro could not sustain another bout of … [Continue reading]
USD Index remains under pressure near 102.40 ahead of key data
Share: The index extends the breakdown of the 103.00 support. US yields drop to multi-week lows across the curve. Flash Q3 GDP figures, Fed’s Beige Book next on tap. The USD Index (DXY), which tracks the greenback vs. a basket of its main rival … [Continue reading]
Solana price nears $60 after 6% rise in a day as institutions pour millions into SOL
Share: Solana price trading at $58 is presently attempting to breach through the resistance level marked at $59. A rally is possible, given that SOL is witnessing a resurgence in bullishness. Month to date, Solana has witnessed inflows worth $40.2 … [Continue reading]
New Zealand Dollar pushes higher against Greenback ahead of RBNZ meeting
Share: The New Zealand Dollar continues rising on the eve of the RBNZ’s November policy decision. Although recent data appears to reflect a slowdown, the RBNZ could still tilt hawkish, say analysts. NZD/USD forms a worrying-looking ending wedge … [Continue reading]
Gold Price Forecast: XAU/USD heading towards 2020 record high
Share: XAU/USD Current price: $2,036.15 Surprising dovish comments from US Federal Reserve officials hit the US Dollar. US Treasury bond yields extend their slide to fresh multi-week lows. XAU/USD soared on broad US Dollar weakness could extend the … [Continue reading]
Oil steady in the green despite reduction in net-long positions
Share: WTI Oil off the lows and steady near $75 this Tuesday. The US Dollar is trading flat and is holding its head above water to try and halt the recent downturn. Oil could sink if API numbers reveal another build in US … [Continue reading]
WTI trades above $75.00 with a negative bias, focus on OPEC+ meeting
Share: WTI price struggles to halt its losing streak. OPEC+ is expected to extend the oil production cut in 2024. IEA anticipates a slight surplus in Crude oil production in the next year. Western Texas Intermediate (WTI) price struggles to snap … [Continue reading]
Blur price likely to extend losses to 42% as whale investors dump BLUR tokens
Share: Blur price has dropped nearly 27% from its local high of $0.685. Investors can expect a further drop of 46% based on on-chain metrics. A network-wide decline in activity combined with high unrealized profits and whales offloading … [Continue reading]