Share: EUR/CHF has weakened since since mid-January. But downside momentum seems to be fading, economists at Citi report. Has CHF hit its lows against EUR? There are a number of reasons for CHF to underperform EUR over the … [Continue reading]
Asian Stock Market: Trades lower ahead of Fed’s Powell speech, Nikkei leads losses
Share: Asian stock markets open on a weak note on Friday ahead of the key event. Chinese central bank looks to target outflows and limit the amount of Yuan offshore. Japan’s Nikkei leads losses by almost 2%, dragged by tech stocks. Indonesian … [Continue reading]
Japan Corporate Service Price Index (YoY) increased to 1.7% in July from previous 1.2%
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]
USD/CHF Price Analysis: Bulls continue to gather strength ahead of Powell’s speech
Share: USD/CHF rose near 0.8840, tallying 0.70% daily gains. Thomas Barkin from Richmond’s Fed pointed out that the sooner inflation decelerates, the sooner the cuts. Jobless Claims from the US came in higher than expected. In Thursday’s session, … [Continue reading]
United States Kansas Fed Manufacturing Activity up to 12 in August from previous -20
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]
Cardano Price Forecast: ADA needs at least 6% rally before bulls return
Share: Cardano price is trading at $0.2674 after a 12% recovery rally in the last week. If ADA can rally 6% and flip $0.2836, it could trigger an 18% move to $0.3359. In a highly bullish case, the altcoin could shoot up to $0.3708. A daily … [Continue reading]
XRP price at crossroads, Ripple counsel declares readiness for trial in Q2 2024
Share: XRP is the most popular altcoin in South Korea, with 20.7% of Gen Z investors holding the altcoin, according to a recent survey. Ripple counsel informed the judge of their availability for a trial in Q2 2024 in the SEC vs. Ripple lawsuit in … [Continue reading]
PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1988 previous
Share: People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1886 on Thursday, versus the previous fix of 7.1988 and market expectations of 7.2791. It's worth noting that the USD/CNY closed near 7.2790 the previous day. … [Continue reading]
Dogecoin price edges north, shows short-term bullish momentum after Elon Musk says X is a DOGE friendly space
Share: Dogecoin price is nurturing an uptrend despite broader market gloom after the recent 15% crash in Bitcoin price. DOGE could rise above the early July highs at around the $0.07000 level, potentially tagging the $0.07303 - $0.07689 order … [Continue reading]
AUD/USD rises past 0.6450 amid USD weakness
Share: AUD/USD sets a third consecutive day of gains, rising more than 0.60% towards 0.6470. PMIs from August from the US and Australia came in lower than expected. Dovish bets on the Fed are applying pressure on the USD. The AUD/USD gained … [Continue reading]