The Australian Dollar (AUD) advances against the US Dollar (USD) after opening from a gap up on Monday due to optimism over progress in the United States (US)–China trade negotiations. Traders await the key upcoming Q3 and the September monthly … [Continue reading]
US Dollar Index weakens below 99.00 as soft US CPI inflation data keeps Fed on track for rate cut
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note near 98.80 during the early Asian session on Monday. The DXY softens amid the … [Continue reading]
Bitcoin could push to new highs if large holders resume accumulation
Bitcoin's (BTC) next move could be determined by Dolphin holders, which now collectively hold about 26% the top crypto's circulating supply, according to on-chain analytics platform CryptoQuant.Bitcoin's next move hangs in the balance of Dolphin … [Continue reading]
EUR/USD hovers at 1.1600 as muted CPI data fails to alter Fed stance
EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates.Euro supported by upbeat … [Continue reading]
USD/CHF Price Forecast: Stays range-bound below 0.8000
The USD/CHF remains subdued on Friday, yet the pair trades below 0.8000 poised to finish the week with modest gains of over 0.25%. At the time of writing, the pair trades at 0.7956m, virtually unchanged.USD/CHF Price Forecast: Technical outlookThe … [Continue reading]
Dow Jones Industrial Average reaches record high on softer inflation data
The Dow Jones Industrial Average (DJIA) lumbered into record highs on Friday, posting intraday bids north of 47,300 for the first time ever. Investor sentiment hit high gear after US Consumer Price Index (CPI) inflation came in below expectations, … [Continue reading]
Ethereum Price Forecast: ETH could regain momentum following soft US CPI print
Ethereum price today: $3,920Ethereum briefly reclaimed $4,000 as the US recorded a softer-than-expected CPI in September.ETH is showing signs of recovery, with investors projecting an 85% chance of two more rate cuts in 2025.The top altcoin has … [Continue reading]
Gold rebounds after softer US CPI data reinforces Fed cut bets
Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week. XAU/USD … [Continue reading]
XRP bulls tighten grip as CME Group futures volume hit $26 billion in 5 months
Ripple (XRP) increases in tandem with the broader cryptocurrency market, trading above $2.45 on Friday. Market participants anticipate volatility following the release of the US Consumer Price Index (CPI), which showed that inflation is rising, but … [Continue reading]
AUD/USD holds steady as mixed US data keeps traders cautious
The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data. At the time of writing, AUD/USD trades around 0.6511, holding steady after earlier swings … [Continue reading]