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]
Gold sticks to modest intraday losses below all-time peak amid notable USD strength
Gold (XAU/USD) extends its intraday retracement slide from the vicinity of the all-time peak and slides below the $4,320 level heading into the European session on Tuesday, though it lacks follow-through selling. The US Dollar (USD) attracts buyers … [Continue reading]
Australian Dollar receives support from US-Australia critical minerals deal
The Australian Dollar (AUD) advances against the US Dollar (USD) on Tuesday, extending its gains for the third successive session. The AUD/USD pair appreciates as the AUD receives support from improved market sentiment amid progress on a United … [Continue reading]
New Zealand Trade Balance NZD (MoM): $-1355M (September) vs previous $-1185M
Fundamentals in the crypto market remain strong despite the recent correction, Standard Chartered’s global head of digital assets Research Geoffrey Kendrick says. Institutional adoption is still in its early stages and will continue to grow, bringing … [Continue reading]
Dow Jones Industrial Average rises on key tech rally stocks, government shutdown hopes
The Dow Jones Industrial Average (DJIA) caught a bullish tailwind on Monday, rising over 450 points to kick off the new trading week. Apple (AAPL) shares rose strongly, leading the charge into the high end as the tech rally gives fresh signs of life, … [Continue reading]
Canada Raw Material Price Index: 1.7% (September) vs -0.6%
Cardano (ADA) hovers around $0.64 at the time of writing on Monday, having corrected nearly 7% in the previous week. Derivatives data signal waning trader confidence and growing expectations of further downside as Open Interest (OI) drops to a yearly … [Continue reading]
Eurozone Current Account s.a came in at €11.9B below forecasts (€22.5B) in August
Markets are bracing for a summit that feels less like diplomacy and more like a staring contest between tectonic plates. The Trump–Xi meeting at the upcoming APEC summit is being billed as a chance to “defuse” tensions — but traders know better. This … [Continue reading]
WTI holds losses near $57.00 due to OPEC+ oversupply concerns
West Texas Intermediate (WTI) Oil price trims its recent gains from the previous session, trading around $57.00 per barrel during the Asian hours on Monday. Crude Oil prices face challenges amid concerns over rising global supply.Last week’s … [Continue reading]
NZD/USD gathers strength above 0.5700 after New Zealand’s CPI inflation data
The NZD/USD pair gathers strength to near 0.5730 during the early Asian session on Monday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) after the release of consumer price inflation data. Later on Monday, traders will closely … [Continue reading]
Ethereum Price Forecast: Asia backers to join forces to launch $1 billion ETH treasury
Ethereum (ETH) declined by 2% on Friday despite reports of key crypto investors in Asia collaborating in an effort to launch a $1 billion ETH treasury, according to Bloomberg.Key Asia crypto backers set to launch $1 billion Ethereum treasurySeveral … [Continue reading]