Gold pauses its record-breaking run after setting a fresh all-time high at $3,791.Fed’s cautious stance and a firmer US Dollar cap upside, while geopolitical tension and rate-cut expectations cushion downside.Market focus shifts to upcoming US data … [Continue reading]
United States MBA Mortgage Applications: 0.6% (September 19) vs previous 29.7%
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]
Australian Dollar advances despite a stronger US Dollar amid Fed caution
Australian Dollar advances after the release of the Monthly Consumer Price Index on Wednesday.Australia’s Monthly Consumer Price Index climbed by 3.0% YoY in August, following the previous increase of 2.8%.Fed Chair Jerome Powell signaled that … [Continue reading]
NZD/USD holds positive ground above 0.5850 amid Fed uncertainty
NZD/USD trades with mild gains around 0.5855 in Wednesday’s Asian session.Fed’s Powell said the outlook for the labor market and inflation faces risks.The Reserve Bank of New Zealand names Anna Breman as new governor. The NZD/USD pair … [Continue reading]
When is the Australian CPI, and how could it impact AUD/USD?
Australian Monthly CPI OverviewThe latest round of month-on-month Australian Consumer Price Index (CPI) inflation figures will kick off the Antipodean trading session on Wednesday at 01:30 GMT, or 11:30 Australian Eastern Standard Time. Australian … [Continue reading]
Dow Jones Industrial Average taps fresh record high before hesitating
The Dow Jones touched 46,700 for the first time ever on Tuesday.Despite equity indexes tilted into record highs, topside momentum remains thin.US PMI figures came in more or less as expected, but headline figures still declined.The Dow Jones … [Continue reading]
Fed Chair Jerome Powell Speech Preview: Investors await clues on policy outlook
Fed Chair Powell will speak on the US economic outlook on Tuesday.Markets see a strong probability of two more Fed rate cuts in 2025.Federal Reserve (Fed) Chairman Jerome Powell will deliver a speech on the economic outlook at the Greater Providence … [Continue reading]
Pi Network Price Forecast: PI eyes extended crash as crypto market dips
Pi Network hit a record low on Monday, aligning with the community meetup in South Korea.CEXs' wallet reserves decline by nearly 8 million PI, indicating increased demand at lower prices. The technical outlook holds a bearish bias, hinting at … [Continue reading]
Australian Dollar remains subdued as Composite PMI falls in September
Australian Dollar remains subdued after the release of the Purchasing Managers’ Index figures on Tuesday.Australia’s S&P Global Composite PMI dropped to 52.1 in September from 55.5 previously, its lowest level in three months.The US Dollar holds … [Continue reading]
USD/JPY loses ground below 148.00 as traders digest Fed speeches
USD/JPY softens to around 147.75 in Tuesday’s early Asian session.Fed’s Miran called for cutting the main interest rate to avert job loss. Political uncertainty in Japan could undermine the Japanese Yen. The USD/JPY pair loses ground to … [Continue reading]