The changes among major currencies are mostly relatively light so far on the day, outside of the antipodeans. EUR/USD is flattish around 1.0480 now and seen holding within a 34 pips range only today. There are large option expiries at 1.0495 that are in play to keep price action pinned just below 1.0500. Meanwhile, USD/JPY
Share: USD/JPY strengthens due to the increased risk-off sentiment. BoJ announced an unscheduled bond-purchasing exercise on Monday. Higher US Treasury yields contribute support to underpin the Greenback. USD/JPY surges to its highest level in eleven months, hovering around the 149.90. This upward movement is attributed to the US Dollar (USD) benefiting from a decline in
The GBPUSD is trading to a new session low as the clock ticks toward the end of day. in the process, the price is ticking down toward the 38.2% retracement of the move up from the September 26, 2022 low. That retracement level comes in at 1.20763. After a trend move higher as we saw
Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer U.S. interest rates ahead of a widely watched U.S. inflation print due later in the day. FUNDAMENTALS * Spot gold was up 0.1% at $1,866.41 per ounce by 0020 GMT, set
Dollar is experiencing a broad rise today, buoyed by an uptick in treasury yields and risk aversion sentiments. The US Congress averted potential economic turbulence by passing a stopgap funding bill over the weekend, ensuring the federal government doesn’t enter its fourth partial shutdown within a decade. However, this positive momentum in US futures was
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Two 50 million Tether (USDT) transactions have been transferred from Bitfinex to the “Tether Treasury” address, according to transfer receipts from Whale Alert. Both transactions took place on Oct. 2, 2023, two minutes apart. The first lump sum of 50 million USDT occurred at 9:43 am UTC and was worth $50,039,125. The second was at
Share: The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, October 3 at 03:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming central bank’s decision. The RBA is expected to keep
The more hawkish FOMC dot plot led to a huge selloff in Gold as the rise in real yields increases the opportunity cost of buying into Gold even more. As long as the economic data remains this resilient, we will likely see more downside for Gold as the Fed will keep its hawkish stance. For
Ministers and oil industry chiefs are gathering for the biggest energy conference in the Middle East as crude heads toward $100 a barrel. Whether prices can hold at these levels and the outlook for OPEC+ supply cuts are among topics that will be discussed from Monday. But this year, climate is looming large over the
USD/JPY is making notable advances today, resuming recent up trend, and edging closer to 150 psychological handle. AT the same time, Nikkei rebounds, reclaiming 32000 mark. The combined risk-on sentiment could be attributed to investors’ positive response to the optimistic quarterly Tankan survey results, overshadowing the less favorable PMI Manufacturing data. Despite Japan’s repeated attempts
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Share: USD/JPY gains traction near 149.70 amid the USD demand. BoJ Governor said that the central bank has a long way to go before exiting its ultra-loose monetary policy. The US annual Core PCE Price Index grew 3.9% from 4.3% in July, in line with expectations. Investors will monitor the US ISM Manufacturing PMI, Fed
The EURUSD is looking to close the trading week below the 200-hour MA and a cluster of resistance near 1.0610, but above the 100-hour MA at 1.05614. Those levels will be the barometers for buyers and sellers in the new trading week. In the video, I break down the levels and explain why they are
Gold prices declined Rs 250 to Rs 58,700 per 10 grams in the national capital on Friday amid a fall in precious metal prices overseas, according to HDFC Securities. The yellow metal had closed at Rs 58,950 per 10 grams in the previous trade. However, silver surged Rs 1,200 to Rs 74,300 per kilogram. Delhi
An update on US governance. The US Congress passed a last-minute stop gap bill to keep the government running for 45 days while disputing parties, and warring factions within them, try to hammer out a more enduring agreement. The House passed the band-aid spending bill on Saturday The Senate the bill later that same evening
What are crypto synthetic assets? Blockchain-based financial instruments called crypto synthetic assets imitate the value and behavior of actual assets or financial instruments. Crypto synthetic assets, also known as “synthetic assets,” are a class of digital financial instruments created to mimic the value and performance of actual financial assets or assets from the real world,
Share: Canadian Dollar back into recent lows as Crude Oil prices tumble on Friday. Canadian GDP missed market expectations, economic growth came in flat. USD/CAD etches in a new high for the week as CAD slips, US Dollar recovers. The Canadian Dollar (CAD) saw both a new high and a new low against the US