Ethereum price today: $2,350Ethereum edges above $2,350 after the Fed left interest rates unchanged at 3.75-4.00%.US selling pressure continues, with the Coinbase Premium Index reaching its lowest level since February.ETH bounced off the 200-day EMA … [Continue reading]
Federal Reserve set to keep interest rates unchanged as markets price in a December hike
The United States (US) Federal Reserve (Fed) announces its Interest Rate Decision on Wednesday, following another pivotal meeting that could provide key insights into the bank’s monetary policy outlook heading into the end of the year.Markets widely … [Continue reading]
British Pound: Budget may boost Sterling against Euro – ING
ING's Chris Turner sees scope for a partial unwind of a 20bp risk premium in 10-year UK gilt yields following the budget. While the Bank of England's tightening outlook should remain broadly unchanged unless minimum wages surprise, narrowing … [Continue reading]
New Zealand Dollar plummets as RBNZ unexpectedly leaves rates steady
The New Zealand Dollar (NZD) trades sharply lower against its major currency peers on Wednesday. Against the US Dollar (USD), the kiwi dollar is down 1.28% to near 0.5600. New Zealand Dollar Price Today The table below shows the percentage change of … [Continue reading]
British Pound weakens to near 1.3300 ahead of UK budget, Fed rate decision
The GBP/USD pair extends the decline to around 1.3300 during the Asian trading hours on Wednesday. The British Pound (GBP) softens against the US Dollar (USD) amid cautious mood ahead of UK Budget and Federal Reserve (Fed) interest rate decision on … [Continue reading]
Ethereum ETFs near record monthly outflows as ETH tests $2,310
Ethereum is trading near its $2,310 average on-chain cost basis, a level that overlaps with the 200-day EMA and the cost basis of wallets holding 1K-10K ETH.US spot ETH ETFs have recorded $1.26 billion in net outflows in October through Monday, close … [Continue reading]
USD/CHF Price Forecast: Bullish engulfing puts 0.8400 in play
The USD/CHF advances for the third straight day, registering modest gains of 0.09% on Tuesday, with the pair recovering some ground after hitting a monthly low of 0.8191 last Friday. The pair exchanges hands at 0.8282 with buyers eyeing the 0.8300 … [Continue reading]
Japanese Yen retreats as traders await Fed and BoJ monetary policy decisions
USD/JPY edges higher on Tuesday as last week’s AI-related worries subside, reducing the Japanese Yen’s (JPY) safe-haven appeal and helping the US Dollar (USD) resume its uptrend ahead of the Federal Reserve’s (Fed) monetary policy decision on … [Continue reading]
Gold: Two-way risks near recent lows – OCBC
OCBC’s Sim Moh Siong and Christopher Wong see Gold’s rebound as tentative despite easing Oil prices, with broader deleveraging still weighing on prices. Cleaner positioning and resilient ETF holdings offer scope for recovery, but elevated downside … [Continue reading]
WTI Price Forecast: Remains depressed below $100.00 as Mideast jitters limit downside
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts some sellers for the second straight day, trading below the $100.00 psychological mark during the Asian session on Tuesday. Meanwhile, the commodity remains within striking … [Continue reading]