Gold (XAU/USD) remains steady during the North American session on Friday as a Federal Reserve (Fed) officials opened the door for a cut at the December meeting. At the time of writing, XAU/USD trades at $4,096, up by 0.53%, after hitting a daily … [Continue reading]
XRP extends losses below $2.00 amid subdued retail interest
Ripple (XRP) is extending its down leg below $2.00, trading at $1.87 at the time of writing on Friday. Heightened volatility and macroeconomic uncertainty are supporting the sticky risk-off sentiment in the broader cryptocurrency market.Since the … [Continue reading]
WTI Oil falls to one-month lows amid Ukraine peace talks, supply concerns
West Texas Intermediate (WTI) US Oil trades around $57.60 on Friday at the time of writing, down 1.90% on the day. The Crude Oil extends its three-day losing streak, slipping below the $58.00 level as investors reassess geopolitical risks in Eastern … [Continue reading]
Zcash Price Forecast: ZEC extends decline as retail demand steadies
Zcash (ZEC) is trading above $630 at the time of writing on Friday, after extending its intraday decline to $595. Despite ZEC's correction from a heavy supply zone at $700, the privacy-oriented token is showing signs of stability, which could see it … [Continue reading]
XRP slides below $2.00 as ETF inflows fail to counter weak retail demand
Ripple (XRP) is extending its down leg below $2.00, trading at $1.87 at the time of writing on Friday. Heightened volatility and macroeconomic uncertainty are supporting the sticky risk-off sentiment in the broader cryptocurrency market.Since the … [Continue reading]
USD/JPY under scrutiny after intervention warnings – DBS
Markets are on edge as Japanese officials warn of possible yen interventions amid rapid Japanese Yen (JPY) depreciation and rising inflation pressures, DBS' Senior FX Strategist Philip Wee notes. Weak Yen drives most of DXY’s monthly gains"Markets … [Continue reading]
GBP/USD Price Forecast: Holds gains near 1.3100, but bearish momentum persists below 100-day EMA
The GBP/USD pair strengthens to around 1.3090 during the early European session on Friday. Nonetheless, the potential upside for the major pair might be limited amid growing expectations of the Bank of England (BoE) rate cut at its next monetary … [Continue reading]
NZD/USD rebounds to near 0.5600, RBNZ rate cut looms
The NZD/USD pair trades with mild gains near 0.5590 during the early Asian trading hours on Friday. However, the potential upside for the pair might be limited amid the prospect of the Reserve Bank of New Zealand (RBNZ) rate cut next week. After … [Continue reading]
South Korea Producer Price Index Growth (YoY) increased to 1.5% in October from previous 1.2%
US Payrolls were stronger than expected in September, and rose by 119k, private sector payrolls rose by 97k, and wage growth also rose a notch to 3.8%. On the surface, this suggests that the US labour market is stronger than feared, however, if … [Continue reading]
United States 4-Week Bill Auction: 3.89% vs previous 3.9%
US Payrolls were stronger than expected in September, and rose by 119k, private sector payrolls rose by 97k, and wage growth also rose a notch to 3.8%. On the surface, this suggests that the US labour market is stronger than feared, however, if … [Continue reading]