Share: European Central Bank (ECB) Governing Council Gediminas Šimkus said on Tuesday, “Inflation is on its way down.” Further comments The prompt response of monetary policy was effective. Inflation still faces many lines of resistance. … [Continue reading]
Australian Dollar loses ground ahead of RBA interest rate decision
Share: Australian Dollar extends losses due to a stronger US Dollar. Australian Bureau of Statistics showed the number of permits for new construction projects improved in August. Higher US Treasury yields bolster the Greenback, coupled with mixed … [Continue reading]
GBP/USD plummets to eight-month-low on weak UK data, strong US Dollar
Share: GBP/USD tanks over 100 pips, reaching around 1.2080s, as the US Dollar Index advances to a 10-month high, and US bond yields rise. UK manufacturing activity continues its contractionary trend, and declining house prices add to the economic … [Continue reading]
EUR/USD slides below 1.0500 amid rising US yields, hawkish Fed comments
Share: EUR/USD drops to 1.0500, down 0.69%, as rising US Treasury bond yields and expectations of additional Fed tightening weigh heavily on the pair. Contrasting economic outlooks with improving US business activity and decelerating Eurozone … [Continue reading]
South Africa Total New Vehicle Sales declined to 46.021 in September from previous 45679
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]
Italy HCOB Manufacturing PMI above forecasts (45.6) in September: Actual (46.8)
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]
Gold Price Forecast: XAU/USD moves below $1,850 on market caution, Fed Powell speech eyed
Share: Gold price faces challenges after the moderate US data on Friday. US passed bills to avert a government shutdown, securing funding until November 17. Higher US Treasury yields put pressure on non-yielding assets like Gold. Gold price … [Continue reading]
Australia S&P Global Manufacturing PMI: 48.7 (September) vs 48.2
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]
Polkadot Price Forecast: DOT confirms trend reversal, eyes retest of $5 after reclaiming key hurdle
Share: Polkadot price trades inside a tight range above a critical support level of $3.98. The daily RSI produced a higher high, signaling a surge in bullish momentum and a potential breakout scenario. DOT needs to overcome the $4.31 hurdle … [Continue reading]
Floki Inu Price Forecast: FLOKI sets stage for 30% rally
Share: Floki Inu price rallied nearly 20% on September 30 but closed the candlestick with a 12% gain. The recent uptick opens the possibility of a 30% rally for FLOKI holders. A daily candlestick close below the $0.0000160 level would … [Continue reading]