Share: The Pound Sterling (GBP) sustained its good form of 2023 in early 2024 following the upside surprise for the UK Consumer Price Index (CPI) in December. Economists at ING analyze EUR/GBP outlook. EUR/GBP may struggle to find sustainable … [Continue reading]
Forex Today: US Dollar consolidates weekly gains amid a cautious mood
Share: Here is what you need to know on Friday, January 19: The tech rally-led risk-on sentiment on Wall Street failed to extend in Asian trading on Friday, as the Middle East geopolitical tensions heated up alongside persistent Chinese economic … [Continue reading]
Japan’s Suzuki: Watching FX moves ‘carefully’
Share: Japan Finance Minister Shunichi Suzuki is out on the wires, offering some verbal intervention, as the Japanese Yen continues to weaken against the US Dollar. Key quotes Watching FX moves 'carefully'. Forex moves are driven by various … [Continue reading]
XRP price eyes 3% drop as Ripple CEO envisions a time when Americans have new SEC chair
Share: Ripple price broke below the ascending trendline, interrupting a week-long recovery rally. XRP price could extend the fall by 3% to the $0.5442 support level before a possible pullback. The bearish thesis will be invalidated once the price … [Continue reading]
BlackRock holds a third as many Bitcoin as Tether after its spot ETF crosses $1 billion in volume
Share: Over the past four days of trading, BlackRock has amassed 25,067 Bitcoin worth over $1.06 billion. During the same time, about $1.08 billion worth of trading volume was recorded. Tether recently announced that it purchased 8,888 BTC in Q4 … [Continue reading]
USD/CAD should remain supported on moderate dips – Scotiabank
Share: The Canadian dollar (CAD) has gained a little ground on the session. Economists at Scotiabank analyze Loonie’s outlook. Technicals warrant attention Spot losses from the intraday high on Wednesday leave a bit of a dent in the short-term … [Continue reading]
Eurozone Current Account n.s.a increased to €31.7B in November from previous €30.05B
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]
Japan Industrial Production (YoY) down to -1.4% in November from previous 5.3%
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]
ECB’s Vasle: Market’s anticipation of rate cuts as early as spring could be premature
Share: The European Central Bank (ECB) Governing Council member Bostjan Vasle spoke at the Euromoney conference in Vienna about investor speculation regarding imminent interest rate cuts. Key quotes “For me, personally, it’s absolutely … [Continue reading]
Gold Price Forecast: XAU/USD retreats as US data strengthens USD, dampens Fed rate cut hopes
Share: Gold's downward trend continues, losing more than 1% due to strong US Retail Sales data and a surge in US Treasury yields. The upward trajectory of the US Dollar Index to a five-week high and hawkish Fed comments contribute to Gold's … [Continue reading]