Currencies USD/JPY

USD/JPY Steadies Above YTD Low as Focus Shifts to US Inflation Data

USD/JPY Steadies Above YTD Low as Focus Shifts to US Inflation Data Overview: USD/JPY Trades Sideways Near 143.00 The USD/JPY pair remains steady near the 143.00 mark as it enters Tuesday’s European session. This level represents a recovery from Monday’s year-to-date (YTD) low of 141.70. Traders appear to be holding off on making significant moves […]

Analysis Commodities Gold Technical Analysis

Gold Price Remains Depressed as USD Gains Traction Ahead of US Inflation Data

Gold Price Remains Depressed as USD Gains Traction Ahead of US Inflation Data Overview of Gold Price Movements and Market Sentiment Gold price (XAU/USD) is experiencing a slight decline as it enters the European session on Tuesday, though it manages to stay above the critical psychological level of $2,500. The recent pullback from gold comes […]

Analysis AUD/USD Currencies Technical Analysis

AUD/USD: Potential Dip to 0.6650 Before a Likely Rebound – UOB Group

AUD/USD: Potential Dip to 0.6650 Before a Likely Rebound – UOB Group The Australian Dollar (AUD) is under pressure, with UOB Group FX strategists Quek Ser Leang and Alvin Liew forecasting a dip to 0.6650 before any significant rebound. The outlook suggests that the AUD may continue to face downward pressure, potentially moving lower to […]

Analysis Currencies Fundamental Analysis

Key Market Updates in Forex: Monday September 9 2024

Key Market Updates in Forex: Monday September 9 2024 Overview As the week begins, the US Dollar (USD) remains resilient against its major rivals. Investors are treading cautiously ahead of significant events, including the release of US inflation data and the European Central Bank’s (ECB) monetary policy announcement. Monday’s economic calendar will feature Sentix Investors […]

Analysis Commodities Fundamental Analysis Gold Market Forecasts

Gold Price Under Pressure Below $2500 Amid Stronger USD; Downside Limited

Gold Price Under Pressure Below $2500 Amid Stronger USD; Downside Limited Gold (XAU/USD) has been struggling to maintain its position above the $2,500 psychological mark, facing selling pressure for the second consecutive day. The precious metal remains under pressure as the stronger US Dollar (USD) gains traction, following a mixed US Nonfarm Payrolls (NFP) report. […]

Crypto News News

VanEck to Close Ethereum Futures ETF by Late September

VanEck to Close Ethereum Futures ETF by Late September VanEck, a prominent asset management firm, has announced its decision to close and liquidate its Ethereum Strategy ETF, which is currently listed on the CBOE. The Ethereum ETF, trading under the ticker symbol ‘EFUT,’ will cease trading after the market closes on September 16, with liquidation […]

Crypto Crypto News News

Rollblock: The New Crypto Contender Racing Past Dogecoin and Tron to $1

Rollblock: The New Crypto Contender Racing Past Dogecoin and Tron to $1 In the rapidly evolving world of cryptocurrency, three digital assets—Dogecoin (DOGE), Tron (TRX), and the newcomer Rollblock (RBLK)—are engaged in an intense race to reach the $1 milestone. While Dogecoin and Tron are well-established players in the crypto market, their growth potential is […]

Crypto Crypto News News

Binance Receives Regulatory Consent in Kazakhstan Moves Closer to Full Licensing

Binance Receives Regulatory Consent in Kazakhstan Moves Closer to Full Licensing Binance, one of the world’s largest cryptocurrency exchanges, has made significant strides in securing a firm foothold in Kazakhstan’s regulated market. On September 6, 2024, the company announced that it had received formal consent from the Astana Financial Services Authority (AFSA) to operate as […]

Analysis Forex News Fundamental Analysis News

USD Softens Ahead of Key Payrolls Data Market Anticipates Fed’s Next Move

USD Softens Ahead of Key Payrolls Data Market Anticipates Fed’s Next Move On this crucial “payrolls Friday,” the US Dollar (USD) has softened, though it is trading off its earlier lows. Stocks are broadly lower, and major bond markets are firmer, pushing 10-year Treasury yields down by 3-4 basis points. The overall risk sentiment in […]

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