Category: Forex News

This week our currency strategists focused on the Euro area CPI update and the U.S. Manufacturing PMI update for potential high-quality setups. Out of the four scenario/price outlook discussions this…

The crypto market will witness token unlocks worth $200 million next week. APT and EIGEN will see the highest unlock volume, adding $93 million and $34 million worth of new…

US Dollar Technical Forecast: USD Rips into October- Bulls Eye NFP FOREX.com Source link

Ethereum could face a heavy decline if Middle East war tension persists. Ethereum ETFs are lagging because ETH investment narrative isn’t easy for traditional investors to digest, says BlackRock. Ethereum…

Week Ahead: NFP to dictate near-term USD direction Forex Factory Source link

It was another busy week for the major assets, which traded on major central bank updates and rising geopolitical tensions. Source link

XAU/USD drops to $2,646 after September inflation data suggests progress toward the Fed’s 2% target. US 10-year Treasury yield falls five basis points, while the US Dollar Index dips by…

Australian Dollar Short-term Outlook: AUD/USD Reversal off Resistance FOREX.com Source link

US Dollar holds its ground on Monday, rising despite softer PMI data. Market prices in 75 bps of Fed easing by year-end. Fed’s Goolsbee pledged for “many cuts” will be…

Dapo Olusegun:Crude-for-naira Deal Will Ease Pressure on Forex THISDAY Newspapers Source link

The Japanese Yen depreciated as Fed Chair Powell emphasized that 50 basis points cuts are not the “new pace.” The JPY’s downside could be restrained due to hawkish sentiment surrounding…

GBP/USD Technical Forecast: 1.3000 is the Key Forex Factory Source link

It was a risk-on day for financial markets, as crude oil closed out with nearly a 3% win while gold hit fresh record highs. U.S. stock traders also had a…

Today, the markets will learn from the U.S. Bureau of Labor Statistics how consumer prices in the U.S. developed in August. A few months ago, this release was the most…

Israel’s forex reserves hit record high in August Globes Source link

This week our currency strategists focused on the U.S. ISM Manufacturing PMI data and the Bank of Canada (BOC) Monetary Policy Statement for potential high-quality setups. Out of the four…

Pavel Durov spoke against the French government’s action in a post to his community. Durov claimed that he had been very open to the French authorities and was surprised at…

AUD/USD, ASX get caught up in Wall Street’s volatility, AU GDP up next FOREX.com US Source link

???China slowdown weighs on Alibaba ?Alibaba reports earnings on 15 August. It is expected to see earnings per share rise to $2.12 from $1.41 in the previous quarter, while revenue…

NZ Dollar at the Top, while the US Dollar at the Bottom in August 2024! Economies.com Source link