The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering 0.5% losses in the previous session. The DXY is hovering around 98.30 during the Asian hours on Friday. … [Continue reading]
Japanese Yen remains under pressure amid fiscal worries as BoJ rate decision looms
The Japanese Yen (JPY) remains depressed against its American counterpart during the Asian session on Friday amid domestic political uncertainty and concerns about Japan's fiscal health. Apart from this, the prevailing risk-on environment turns out … [Continue reading]
South Korea Consumer Sentiment Index up to 110.8 in January from previous 109.9
Gold extends its impresive rally for yet another day on Thursday, this time surpassing the $4,900 mark per troy ounce to hit record highs on the back of the marked pullback in the US Dollar. The move is unfolding even as global risk appetite … [Continue reading]
United States EIA Crude Oil Stocks Change above expectations (1.1M) in January 16: Actual (3.602M)
Gold now extends its rally and revisits the $4,850 area per troy ounce on Thursday, helped by the decent pullback in the US Dollar. In addition, the move higher in the yellow metal comes despite a generalised improvement in global risk appetite after … [Continue reading]
Pi Network Price Forecast: PI rebounds on creator event, PI payments updates
Pi Network (PI) recovers by over 3% at press time on Thursday, after a steady declining trend. The rebound aligns with the announcement of new updates to the network, including the integration of PI payments and a community-centered creator event. … [Continue reading]
Forex Today: Mood improves on easing EU-US tensions, eyes on US data
Here is what you need to know on Thursday, January 22:Market mood improves in the second half of the week as tensions between the United States (US) and the European Union (EU) ease. In the American session, the US Bureau of Economic Analysis will … [Continue reading]
Australian Dollar advances as employment data strengthens tighter RBA outlook
The Australian Dollar advances against the US Dollar (USD) on Thursday, following the seasonally adjusted employment data from Australia, which strengthens expectations of tighter monetary policy from the Reserve Bank of Australia (RBA)The Australian … [Continue reading]
Australia Westpac Leading Index (MoM) climbed from previous -0.04% to 0.1% in December
Gold pushed its rally further on Wednesday, hitting a fresh all-time high near $4,900 per troy ounce earlier in the session. Risk appetite remains fragile, with investors staying cautious after President Trump delivered his speech in Davos, while … [Continue reading]
Forex Today: Markets on the verge as Trump chaos revolves around the same
Here is what you need to know on Thursday, December 22:United States (US) President Donald Trump was once again the main market mover on Wednesday, saying they are seeking immediate talks with Europe on Greenland. He added Greenland would not be a … [Continue reading]
US President Trump at WEF in Davos: Europe not heading in right direction
US President Donald Trump delivers a keynote speech at the World Economic Forum (WEF) held in Davos.US President Trump speech key takeaways"You all follow us down and you'll follow us up.""Certain places in Europe not recognizable any more.""Europe … [Continue reading]