US President Donald Trump landed in South Korea on Wednesday for the final leg of his Asia trip. Trump stated that we will not have the Federal Reserve (Fed) raise interest rates. Key quotesSouth Korea is one of few locations with lasting … [Continue reading]
Australia RBA Trimmed Mean CPI (QoQ) above expectations (0.8%) in 3Q: Actual (1%)
Gold price tumbles to a three-week low near $3,950 during the early Asian session on Wednesday. The precious metal extends its downside as hopes for progress in US–China trade talks dimmed its safe-haven allure. Traders will keep an eye on the … [Continue reading]
Australia CPI expected to edge higher ahead of RBA rate decision
Australia will release inflation updates on Wednesday, one week ahead of the Reserve Bank of Australia (RBA) monetary policy meeting, scheduled for November 3-4. The Australian Bureau of Statistics (ABS) will publish two different inflation gauges: … [Continue reading]
USD/CHF declines for fourth day as Swiss Franc gains, Fed rate cut expected
USD/CHF trades lower on Tuesday, around 0.7930 at the time of writing, down 0.27% for the day. The pair extends its four-day losing streak as the Swiss Franc (CHF) strengthens amid fading expectations of further monetary easing by the Swiss National … [Continue reading]
Pound Sterling declines as UK shop price inflation contracts
The Pound Sterling (GBP) trades lower against its major currency peers on Tuesday. The British currency weakens as firming Bank of England (BoE) dovish bets offset the impact of improved global market sentiment Hopes of the Bank of England (BoE) … [Continue reading]
FX option expiries for Oct 28 NY cut
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]
US President Donald Trump: We are signing new deal with Japan and it is a fair deal
US President Trump and Japan’s Prime Minister Sanae Takaichi met for the first time on Tuesday in Tokyo. Trump said the US and Japan are signing a new deal and it is a fair deal. He recalled former Japanese Prime Minister Shinzo Abe as “a great … [Continue reading]
Canadian Dollar flows slow to a crawl ahead of central bank showdown
The Canadian Dollar (CAD) churned within familiar levels on Monday as investors brace for double-header central bank showings this week. Both the Bank of Canada (BoC) and the Federal Reserve (Fed) will be debuting their latest interest rate decisions … [Continue reading]
XRP Price Forecast: XRP bulls defend critical support despite 40% drop in Open Interest
Ripple (XRP) remains above a key support of $2.61 at the time of writing on Monday. The international money transfer token has largely been in bullish hands since Thursday, reflecting a return of positive sentiment in the broader cryptocurrency … [Continue reading]
EUR/USD appreciates on bright German business climate, risk-on markets
EUR/USD trims some losses and returns above 1.1640 from session lows at 1.1620, supported by a larger.than-expected recovery on German business sentiment on Monday. The pair, however, remains within previous ranges as investors bid their time … [Continue reading]