Share: Eurozone growth pessimism may have peaked. However, economists at ING do not expect EUR/USD to enjoy further gains for the time being. Rate differentials still point to a weaker EUR/USD Thursday's PMIs suggested the worst in the Eurozone's … [Continue reading]
Japan Leading Economic Index came in at 108.9, above expectations (108.7) in September
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]
Ethereum price reclaims $2,000, but it will likely fail to breach a seven-month-old barrier
Share: Ethereum price is unable to find enough support from investors to push the altcoin beyond $2,142. Institutional investors did pour money into ETH this past month, but year to date, they are still noting $55 million worth of outflows. Whales, … [Continue reading]
EUR/JPY Price Analysis: Surpasses the Tenkan-Sen, hovers around 163.00
Share: EUR/JPY sees a 0.19% rise, maintaining a position below the YTD high of 164.30 amid US and Japan holidays. For further bullish momentum, EUR/JPY needs to breach 164.00; downside risks include a potential drop towards 161.25 support. The … [Continue reading]
Mexican Peso recovers slightly amid US holiday, traders eye Banxico’s minutes
Share: Mexican Peso halts two-day losing streak against USD, with USD/MXN trading down on the day. Mexico's inflation data was mixed ahead of the release of Banxico's last meeting minutes. USD/MXN to remain trading range-bound amid low volume due … [Continue reading]
Turkey CBRT Interest Rate Decision registered at 40% above expectations (37.5%)
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/INR gains traction amid inflation concerns
Share: Indian Rupee loses ground despite the weaker USD, lower oil prices. RBI’s Das said the Indian Rupee has witnessed “low volatility” and orderly movements as compared to its peers. Das estimates India's real GDP to grow by 6.5% in fiscal years … [Continue reading]
Binance CEO CZ may not return to the UAE before sentencing
Share: Binance CEO Changpeng Zhao pleaded guilty to charges levied by the US DoJ, but was released on $175 million bond. However, he may not be able to return to his residence on Dubai, UAE, as US prosecutors petition the federal judge. The … [Continue reading]
Canadian Dollar reverses downside flows to chalk in small gain on Wednesday
Share: The Canadian Dollar fell back early Wednesday as market sentiment sours on multiple fronts. US data briefly depleted risk appetite as Crude Oil also saw an early decline. USD/CAD hits a new high for the week as the US Dollar … [Continue reading]
Gold Price Analysis: XAU/USD continues to wrestle with $2,000
Share: Spot Gold is bidding lower, testing back beneath the $2,000 key handle. XAU/USD is trimming back some gains as investors weigh their options post-US data. Gold remains well-bid, but $2,000 is proving to be a challenging level. XAU/USD … [Continue reading]