USD/CAD edges higher to around 1.3780 in Wednesday’s Asian session. US CPI for July rose 2.7% YoY, while the core CPI climbed 3.1% YoY. Lower crude oil prices weigh on the commodity-linked Loonie.The USD/CAD pair gathers strength to near … [Continue reading]
Ethereum Price Forecast: ETH eyes $5,000 as BitMine plans $24.5 billion offering
BitMine filed a Form 8-K with the SEC to expand its at-the-market offering from $4.5 billion to $24.5 billion.The filing comes after US spot ETH ETFs crossed the $1 billion mark in daily net inflows for the first time.ETH could set a new all-time … [Continue reading]
Gold Price Forecast: XAU/USD aims for lower lows amid risk-on flows
XAU/USD Current price: $3,349.60The US July Consumer Price Index showed inflation rose at an annualized pace of 2.7%.US President Donald Trump’s announcements add to the broad US Dollar weakness. XAU/USD struggles to regain the $3,350 level, as … [Continue reading]
United States Consumer Price Index Core s.a up to 328.66 in July from previous 327.6
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]
DXY: CPI report can be a binary risk – OCBC
US Dollar (USD) traded a touch firmer overnight, but the moves were well within recent range. DXY was last at 98.50 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Sideways trading in the interim"Range-bound trade suggests that … [Continue reading]
GBP/USD steadies below 1.3450 following BRC Like-For-Like Retail Sales, UK labor data eyed
GBP/USD holds ground ahead of UK labor market data release due on Tuesday.BRC Like-For-Like Retail Sales climbed 1.8% YoY in July, against the expected 2.1% increase.US inflation data is awaited that could influence the Federal Reserve’s interest … [Continue reading]
USD/CAD trades flat above 1.3750, all eyes on US CPI release
USD/CAD flatlines around 1.3775 in Tuesday’s early Asian session. Traders brace for the US July CPI, which is due later on Tuesday. Canada's economy shed over 40,000 jobs in July; the Unemployment Rate held steady at 6.9%. The USD/CAD … [Continue reading]
Donald Trump extends tariff deadline for China by another 90 days
US President Donald Trump hit markets with fresh trade headlines late on Monday, this time refocusing his efforts on negotiating trade deals with the Chinese government. Trump has announced that hefty tariffs aimed at Chinese goods will again be … [Continue reading]
WTI Crude Oil steadies after seven-day slide, markets eye US-Russia peace talks
WTI Crude Oil rises on Monday, breaking a seven-day losing streak and rebounding from a two-month low.Market focus shifts to US-Russia peace talks on Ukraine scheduled for August 15 in Alaska.WTI faces immediate resistance at Friday’s high of $63.89, … [Continue reading]
EUR/USD: Ceasefire hopes – OCBC
Euro (EUR) was a touch firmer this morning amid mild USD softness and likely in response to US-Russia meeting this Friday in Alaska. Euro (EUR) was last at 1.1644 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Slight risk to the … [Continue reading]