Share: EUR/USD lost ground as US Dollar surged after the release of solid US CPI data. The Euro received upward support from the improved Economic Sentiment data. FedWatch Tool suggests 37% and 51% probability of a 25 bps rate cut by the Fed in May … [Continue reading]
Gold price remains vulnerable near two-month low, bears flirt with 100-day SMA support
Share: Gold price hits a fresh two-month low amid bets that the Fed will keep rates higher for longer. The expectations were reaffirmed by the stronger-than-expected US CPI released on Tuesday. A softer risk tone could lend support to the … [Continue reading]
Japan’s Suzuki: Rapid FX moves are undesirable
Share: Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Wednesday. Suzuki said that he will watch foreign exchange with strong urgency. Key quotes “Says watching the FX market with even strong urgency.”“Rapid FX … [Continue reading]
Bitcoin price drops below $50,000 as US CPI shows inflation remains stubbornly high
Share: Bitcoin price shocked the market on Monday, hitting the $50,000 milestone after two long years. BTC could drop 5% into the supply zone turned bullish breaker or confirm an extended fall below $45,554. A higher-high above the $50,368 range … [Continue reading]
US Dollar to the moon after upbeat inflation report
Share: The US Dollar roars on higher inflation numbers. Rate differential between US Dollar widens against most major peers and pushes US Dollar valuation higher The US Dollar Index heads to 105 with equities in Risk Off The US Dollar (USD) is … [Continue reading]
Pound Sterling refreshes weekly high on upbeat UK Employment data, US Inflation in focus
Share: Pound Sterling jumps strongly on upbeat UK labor market data, higher wage growth. The growth in average earnings was higher than expected, allowing BoE to maintain a hawkish narrative. The US inflation data will guide further action in the … [Continue reading]
France ILO Unemployment registered at 7.5% above expectations (7.4%) in 4Q
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]
Australian Dollar depreciates despite improved Consumer Confidence, US Dollar remains calm
Share: Australian Dollar loses ground amid a stable US Dollar. Australia Consumer Confidence jumped 6.2% to 86 in February. The US Dollar holds ground despite subdued US Treasury yields. US CPI YoY and MoM could moderate to 3.0% and 0.2%, … [Continue reading]
Bitcoin price reclaims $50,000 with upwards of 12.5X more BTC purchases per day than the network can produce
Bitcoin (BTC) price has left the cryptocurrency community in awe after reclaiming its two-year high of $50,000. The milestone comes as spot BTC exchange-traded funds continue to drive markets. Bitcoin, altcoins, stablecoins FAQs Bitcoin is the … [Continue reading]
Gold Price Forecast: XAU/USD extends its monthly slide towards $2,000
Share: XAU/USD Current price: 2,015.77 Federal Reserve’s speakers repeat the well-known message of wait and see. The United States will publish the January Consumer Price Index on Tuesday. XAU/USD nears the $2,000 mark with a solid bearish stance … [Continue reading]