West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.24 per barrel, up from Wednesday’s close at $61.92.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.81 price posted … [Continue reading]
Australian Dollar rises following Consumer Inflation Expectations release
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the second successive session. The AUD/USD pair gains ground following the release of Australia’s Consumer Inflation Expectations for October, which … [Continue reading]
Ethereum Price Forecast: ETH reclaims $4,500 as Bit Digital expands treasury to 150,244 ETH
Ethereum price today: $4,520Bit Digital has expanded its Ethereum treasury to 150,244 ETH after closing a $150 million offering.US spot Ethereum ETFs have recorded seven consecutive days of net inflows, totaling $1.9 billion.ETH bounced off the … [Continue reading]
Gold extends record run above $4,000 as traders await Fed Meeting Minutes
Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupled with a dovish Federal Reserve (Fed) outlook.At … [Continue reading]
Solana Price Forecast: SOL bulls eye $250 breakout, but declining on-chain activity could delay move
Solana (SOL) offers subtle bullish signals, trading above $220 on Wednesday. The short-term outlook for the smart contracts token mirrors that of the broader cryptocurrency market, which is generally recovering after the correction experienced on … [Continue reading]
EUR/JPY Price Forecast: Rises to near 177.50, records fresh highs within overbought zone
EUR/JPY remains stronger for the fourth successive session, trading around 177.40 during the European hours, near 177.46, an all-time high reached on Wednesday. The technical analysis of the daily chart indicates that short-term price momentum is … [Continue reading]
XRP slides 4%, cedes to BNB as third-largest crypto
XRP declined 4% on Tuesday as growing fear, uncertainty and doubt (FUD) triggered increased selling pressure for the asset. The decline was accompanied by BNB overtaking XRP to become the third-largest cryptocurrency by market capitalization.XRP … [Continue reading]
USD/CHF Price Forecast: Stuck near yearly lows below 0.8000
The USD/CHF trades at around yearly lows of 0.7980, capped on the downside by the 20-day Simple Moving Average (SMA) of 0.7951 and by the 50-day SMA at 0.8008. At the time of writing, the pair hovers around 0.7980, virtually unchanged.USD/CHF Price … [Continue reading]
AUD/USD Price Forecast: Aussie holds firm above key support despite US Dollar strength
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday as renewed Greenback strength keeps the pair on the defensive. At the time of writing, AUD/USD is hovering near 0.6585, slipping below the 0.6600 psychological mark and … [Continue reading]
United States RealClearMarkets/TIPP Economic Optimism (MoM) below expectations (49.3) in October: Actual (48.3)
Gold regains its traction following a consolidation phase in the early European session and rises toward $4,000, touching yet another record-high in the process. The uncertainty surrounding the US government shutdown, the political crisis in France … [Continue reading]