Share: AUD/USD loses traction around the mid-0.6500s in early Wednesday. The FOMC showed members agreed policy to remain at a restrictive stance for some time until inflation moves down toward the objective. The November RBA Board meeting … [Continue reading]
Breaking: Binance Coin price crashes by more than 8% in an hour as Binance CEO CZ resigns
Share: Binance Coin price crashed by over 8% in the span of an hour, falling from $258 to $244 at the time of writing. The crash was the result of Binance agreeing to a $4.3 billion settlement with the US government. The US Justice … [Continue reading]
Euro returns to the 1.0950 region ahead of Lagarde speech, FOMC Minutes
Share: The Euro abandons the area of recent tops against the US Dollar. European stocks trade mostly with losses on Tuesday. The FOMC Minutes and ECB Lagarde's speech will grab all the attention later in the day. The Euro (EUR) comes … [Continue reading]
Further Dollar weakness today – ING
Share: The Dollar continues to edge lower. Economists at ING analyze USD outlook. Focus on US October Existing Home Sales data and FOMC Minutes Look for further Dollar weakness today given the risk of the lowest US Existing Home Sales data since … [Continue reading]
USD/INR loses traction, all eyes on the FOMC Meeting Minutes
Share: Indian Rupee holds positive ground amid the softer US Dollar. Sustained dollar demand from state-run and foreign banks, overseas outflows, and higher crude oil prices might cap the INR’s upside. The FOMC Meeting Minutes will be in the … [Continue reading]
RBA’s Bullock: Inflation to be major challenge to Australian economy for up to two years
Share: Reserve Bank of Australia (RBA) Governor Michele Bullock said on Tuesday that inflation will be the major challenge for the economy over the next two years. Key quotes “Underlying demand was fueling part of the inflation challenge, and it … [Continue reading]
New Zealand Dollar continues gaining on Monday against Greenback
Share: The New Zealand Dollar rises on increased optimism regarding its largest trading partner, China. The Kiwi gains traction after the PBOC decides to keep rates unchanged and pumps more liquidity into the economy. NZD/USD continues to rebound, … [Continue reading]
Seasonals favour stronger Euro into year-end – MUFG
Share: Seasonal bias adds to short-term upside risks for EUR/USD, economists at MUFG Bank report. EUR/USD on average gains 1.8% in the final five weeks of the year Covering the entire period of EUR trading since 1999, EUR/USD on average gains 1.8% … [Continue reading]
Avalanche price faces selling pressure from $213 million AVAX unlock
Share: Avalanche is set to unlock 9.54 million AVAX tokens on Friday. The AVAX unlock will increase the circulating supply by nearly 3%. Avalanche price is down 2% on the day, as market participants brace for the token unlock event. … [Continue reading]
GBP/USD: Further gains likely above 1.2505 – UOB
Share: In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, extra upside is likely in GBP/USD while above the 1.2505 level. Key Quotes 24-hour view: We noted last Friday that “the price movements still appear … [Continue reading]