Share: Gold prices consolidate losses as investors wait for the Fed. Strong employment and sticky inflation have cooled hopes of a Fed pivot. XAU/USD is hovering right above an important support area. Gold prices (XAU/USD) remain practically flat … [Continue reading]
Ripple holders wary of final push in US crypto legislation, XRP price resists drop to $0.55
Share: XRP price is likely to decline to the imbalance zone at $0.55, before a rebound in the altcoin. Pro-XRP attorney John Deaton slammed US Senator Elizabeth Warren’s crypto bill. Ripple is battling selling pressure amidst regulatory … [Continue reading]
Spot Bitcoin ETF listing might witness a gap after approval, says Bloomberg ETF analyst
Share: Bitcoin ETF applicants have been meeting with the SEC over the past week, BlackRock being the latest addition. According to James Seyffart, while the approval might come by January 10, listing could take some time. Bitcoin price is still … [Continue reading]
AUD/USD remains on the defensive around the mid-0.6500s ahead of US PPI, Fed decision
Share: AUD/USD remains on the defensive around 0.6558 ahead of the key event. US Consumer Price Index (CPI) for November rose 0.1% MoM and 3.1% YoY, matching expectations. Chinese government emphasized the importance of industrial policy next year, … [Continue reading]
United States 30-Year Bond Auction down to 4.344% from previous 4.769%
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]
Gold prices remain practically unchanged following US CPI data
Share: Gold prices spike up but remain little changed after the release of US CPI data All eyes are now on The Fed’s interest rate projections and Chairman Powell’s press conference. Gold’s near-term bias remains negative, with hopes of Fed … [Continue reading]
GBP/USD Forecast: Pound Sterling turns fragile after soft UK wage inflation data
Share: GBP/USD came under pressure and declined below 1.2550 on Tuesday. Wage inflation in the UK softened at a faster pace than anticipated in October. US economic docket will feature Consumer Price Index (CPI) data for November. After rising … [Continue reading]
US CPI Data Preview: Inflation expected to soften again in November on declining Oil prices
Share: The US Consumer Price Index is forecast to rise 3.1% YoY in November, down from the 3.2% increase recorded in October. Annual Core CPI inflation is expected to hold steady at 4% in November. US CPI inflation report could impact the US … [Continue reading]
Australia National Australia Bank’s Business Conditions declined to 9 in November from previous 13
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]
GBP/USD clings to minimal gains at around 1.2550s, ahead of US CPI
Share: GBP/USD stays on the front foot ahead of a busy economic docket in the US and the UK. If US inflation rises above forecasts, traders could expect a “hawkish” message by the Fed on Wednesday. The Federal Reserve and the Bank of England are … [Continue reading]