AUD/USD remains subdued for the third successive session, trading around 0.6550 during the Asian hours on Friday. The pair moves little following the release of China’s NBS Purchasing Managers’ Index (PMI) data. It is important to note that any shift … [Continue reading]
EUR/USD sinks below 1.16 as Fed’s hawkish cut and ECB hold weigh on Euro
EUR/USD retreats on Thursday as the European Central Bank (ECB) decided to hold rates unchanged, but traders, still digesting the 'hawkish' cut by the Federal Reserve (Fed) on Wednesday, kept the shared currency below the 1.1600 figure. The pair … [Continue reading]
XRP extends decline after Fed rate cut, Trump-Xi trade deal
Ripple (XRP) declines alongside crypto majors such as Bitcoin (BTC) and Ethereum (ETH), trading above $2.45 at the time of writing on Thursday. The selling pressure in the broader cryptocurrency market followed the Federal Reserve (Fed) lowering … [Continue reading]
European Central Bank expected to keep interest rates unchanged for a third straight meeting
The European Central Bank (ECB) is expected to stand pat for the third consecutive monetary policy meeting, holding the interest rate on the main refinancing operations, the marginal lending facility and the deposit facility at 2.15%, 2.4% and 2%, … [Continue reading]
Austria Producer Price Index (MoM): -0.1% (September) vs -0.3%
Gold attracts some buyers during the Asian session on Thursday and now seems to have snapped a four-day losing streak. The US Dollar struggles to capitalize on the previous day's post-FOMC gains to an over two-week high and drifts lower amid concerns … [Continue reading]
Japanese Yen weakens after BoJ leaves rates unchanged; focus shifts to post-meeting presser
The Japanese Yen (JPY) edges higher during the Asian session on Thursday, though the upside potential seems limited as traders keenly await the Bank of Japan (BoJ) policy update. Traders will look for cues about the possibility of a rate hike in … [Continue reading]
Bank of Japan expected to stand pat on interest rates, awaiting PM Takaichi’s moves
The Bank of Japan (BoJ) meets on Thursday and is expected to keep its benchmark interest rate unchanged at 0.5%, awaiting the first moves of Prime Minister Sanae Takaichi’s new cabinet.Market hopes that the BoJ will continue normalising its monetary … [Continue reading]
XRP price closer to $3 breakout building on Q3 momentum
Ripple (XRP) moves higher on Wednesday, in step with crypto majors such as Bitcoin (BTC) and Ethereum (ETH). The cross-border money transfer token holds steadily above $2.65, as bulls tighten their grip, building on optimism that the Federal Reserve … [Continue reading]
United States Pending Home Sales (MoM) below expectations (1.7%) in September: Actual (0%)
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]
United Kingdom Net Lending to Individuals (MoM) above expectations (£5.5B) in September: Actual (£7B)
Gold climbs to the $4,000 psychological mark during the early European session on Wednesday, and for now seems to have snapped a three-day losing streak to an over three-week low, touched the previous day. The growing acceptance that the US … [Continue reading]