Dow Jones tests 38,500.00 as US equities climb. US PMIs weakened, bolstering hopes for a Fed rate trim. Key US GDP and PCE inflation data still on the table for the week. The Dow Jones Industrial Average (DJIA) climbed on Tuesday after US Purchasing … [Continue reading]
Gold price weakens as Middle East tensions ease, weak US PMI provides some relief
Gold price bounces back from $2,300 as US Dollar edges down after weak PMI data for April. Both US Manufacturing and Services PMI surprisingly drop from their prior readings. The Fed supports keeping interest rates higher until there is … [Continue reading]
XRP climbs above $0.55 as Ripple slams SEC for seeking $2 billion in penalties
Ripple filed its response to the SEC lawsuit on Monday, arguing that XRP institutional sales before and after the court ruling show no disregard for the law. The firm asks for a civil penalty of no more than $10 million against the $2 billion … [Continue reading]
EUR/USD Price Analysis: Tests the major level of 1.0650; followed by the nine-day EMA
EUR/USD remains tepid around the major level amid a bearish sentiment. A breach below the 1.0600 level may lead the pair toward November’s low at 1.0517. The nine-day EMA at 1.0675 appears as the immediate barrier. EUR/USD remains lackluster during … [Continue reading]
PBoC sets USD/CNY reference rate at 7.1059 vs 7.1043 previous
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]
Bitcoin price breaches $66K amid dropping BTC transaction fees two days post halving
Bitcoin price has nicked $66,000, but transaction fees have dropped after peaking at $128 on April 20 halving hype. BTC strength at around $60,000 continues to protect the range low of the re-accumulation range around $59,195. Swiss Bitcoiners call … [Continue reading]
EUR/USD, capped below 1.0700 maintains the broader bearish trend intact
Euro recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro. This week the US GDP and PCE Prices Index figures might give a fresh … [Continue reading]
Natural Gas back in the green in steady Monday
Natural Gas price recover on Monday towards $2.00. Iran'S foreign ministry said nuclear weapons have no place in Iran’s nuclear doctrine. The US Dollar Index eases with markets favoring risk assets over safe havens and cash. Natural Gas … [Continue reading]
Turkey Consumer Confidence climbed from previous 79.4 to 80.5 in April
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]
GBP/USD rebounds from YTD trough, steadily climbs back closer to 1.2400 mark
GBP/USD attracts some dip-buyers on Monday amid a softer USD, though lacks follow-through. Easing geopolitical tensions boosts investors’ confidence and undermines the safe-haven buck. Reduced Fed rate cut bets should help limit the USD losses and … [Continue reading]