Kadena (KDA) price drops below $0.065 at the time of writing on Thursday after crashing more than 70% so far this week. This price drop comes as the company behind the Kadena network announced that it's closing down due to market conditions. Adding … [Continue reading]
US President Donald Trump: Long meeting scheduled with Xi, thinks something will work out
US President Donald Trump said late Wednesday that a long meeting is scheduled with China's Xi Jinping in South Korea and thinks something will work out.Key quotesLong meeting scheduled with China's Xi in South Korea and thinks something will work … [Continue reading]
FX Today: Attention remains on US-China trade and US shutdown
The US Dollar (USD) snapped a multi-day positive run, coming under renewed downside pressure after hitting fresh weekly highs amid somewhat mitigated concerns on the US-China trade front, while the lack of news surrounding a deal to end the US … [Continue reading]
Gold stabilizes above $4,000 as bulls attempt to regain short-term control
Gold (XAU/USD) is attempting to stabilize on Wednesday after a brutal selloff from record highs the previous day, though the metal remains under pressure as broader risk sentiment improves. At the time of writing, XAU/USD is trading around $4,065, … [Continue reading]
EUR/USD: Downward momentum is building – UOB Group
Euro (EUR) could test 1.1580; a sustained drop below this level is unlikely. In the longer run, downward momentum is building; EUR is likely to trade with a downward bias, potentially retesting the 1.1540 level, UOB Group's FX analysts Quek Ser Leang … [Continue reading]
UK CPI poised to edge higher as markets bet on a hawkish BoE
The United Kingdom (UK) Office for National Statistics (ONS) will publish the highly relevant Consumer Price Index (CPI) data for September on Wednesday at 06:00 GMT, with markets expecting an uptick in inflationary pressures.UK consumer inflation is … [Continue reading]
Japan Adjusted Merchandise Trade Balance down to ¥-314.3B in September from previous ¥-150.1B
Gold prices took a sharp U-turn on Tuesday, dropping back toward multi-day lows in the sub-$4,100 region per troy ounce. A stronger US Dollar, a wave of profit-taking, and fading effervescence over US–China trade developments all combined to pull the … [Continue reading]
FX Today: UK inflation data steal the show
The US Dollar (USD) managed to regain traction and clocked a marked bounce on turnaround Tuesday. The Greenback’s recovery came on the back of easing trade tensions and alleviated fears surrounding the US credit risk.Here’s what to watch on … [Continue reading]
GBP/USD slips as Dollar rebounds, traders await UK and US CPI data
GBP/USD tumbles during the North American session, down over 0.17% as the Greenback stages a recovery, hitting a three day high according to the US Dollar Index (DXY). at the time of writing, the pair trades at 1.3384 after reaching a high of … [Continue reading]
AUD/USD tumbles to near 0.6480 despite breakthrough in US-Australia bilateral trade
The AUD/USD pair is down over 0.5% to near 0.6480 during the European trading session on Tuesday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms a majority of its peers despite a breakthrough in bilateral … [Continue reading]