Share: Coinbase, Crypto.com and crypto firm Trek Labs each tried their best to acquire the European branch of FTX. Coinbase failed twice in doing so, with the most recent attempt being this month. Since FTX Europe’s derivative business operated … [Continue reading]
EUR/GBP ends the week knocking on the ceiling near 0.87
Share: The EUR/GBP made a late-week break for the 0.87 handle. The Pound Sterling continues to give up ground after a dovish BoE shrank from rate hikes, EU PMI figures came in mixed, keeping Euro gains restrained. The EUR/GBP stretched for the … [Continue reading]
AUD/USD rallies despite a firm US Dollar, on risk-on mood and falling US yields
Share: AUD/USD is up 0.51%, benefiting from the overall weakness of US Dollar. Despite hawkish remarks from various Fed officials, the US Dollar remains subdued, with the DXY showing modest gains at 105.55. Solid PMIs in Australia and … [Continue reading]
United States S&P Global Services PMI came in at 50.2 below forecasts (50.6) in September
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]
Prospects for Sterling remain subdued – Commerzbank
Share: Sterling eased as a result of the BoE decision. Economists at Commerzbank report. GBP might be able to recover slightly if the inflation outlook were to improve significantly The BoE did leave the door open for another rate hike, and … [Continue reading]
Netherlands, The Gross Domestic Product s.a (QoQ) above forecasts (-0.3%) in 2Q: Actual (-0.2%)
Gold price builds on the previous day's bounce from the $1,914-$1,913 area, or the weekly low and gains some positive traction during the Asian session on Friday. The XAU/USD trades around the $1,925 region, up just over 0.20% for the day, and … [Continue reading]
Gold Price Forecast: XAU/USD recovers its losses above $1,910, eyes on US PMI data
Share: Gold price recovers some lost ground around $1,920 amid the USD demand. Hawkish comments from Federal Reserve (Fed) Chair Powell drags gold price lower. Investors will closely watch the preliminary US S&P Global/CIPS PMI data. Gold … [Continue reading]
GBP/JPY breaks consolidation, dips into 181.30 after BoE balks on rate hikes
Share: The GBP/JPY skidded into the 181.00 handle after the BoE stepped back from an anticipated rate hike. Inflation might be falling faster than previously thought in the UK, rapidly cooling rate expectations. UK retail sales and PMI still in the … [Continue reading]
BoJ Preview: Forecasts from eight major banks, no change to policy, but tone may turn hawkish
Share: The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) meeting on Friday, September 22 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of eight major … [Continue reading]
Natural Gas edges up on higher demand expectations
Share: Natural Gas is up 0.90% as gas demand from Pakistan is expected to pick up. The US Dollar strengthens, though it faces headwinds from other central bank decisions on Thursday. US Natural Gas prices are in an ascending trend line formation … [Continue reading]