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Latest News
Wednesday, 15 Jan, 2025
USD/INR jumps as rising US dollar demand drags Indian rupee to near all-time low
EUR/JPY drops to multi-day low, closer to mid-162.00s amid notable JPY strength
Australian Dollar Weakens Amid Concerns Over China’s Deflationary Risks
USD/INR extends upside amid rising US dollar demand
Australia’s Trade Surplus increases to 7,079M MoM in November vs. 5,750M expected
Japan’s Base Pay Rises Most in 32 Years, Helping Rate Hike Path
Australia’s Retail Sales rise 0.8 % MoM in November vs. 1.0% expected
XRP investors realized over $670 million profits as market reacts positively to executives' dinner with Trump
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Gold Price Forecast XAUUSD loses ground below $2,700 amid firmer US Dollar
Gold Price Forecast XAUUSD loses ground below $2,700 amid firmer US Dollar
USDCAD extends the rally above 1
USD/CAD extends the rally above 1.4400 on bullish US Dollar
The USD/CAD pair surged past the 1.4400 mark, fueled by continued strength in the US Dollar amid favorable market conditions. Traders turned bullish on the greenback as recent US economic data reinforced...
China Foreign Exchange Committee pledges to support the Yuan
China Foreign Exchange Committee pledges to support the Yuan
China’s Foreign Exchange Committee has committed to bolstering the Yuan, reinforcing its position amidst global market turbulence and domestic economic challenges. The pledge, revealed in a recent statement,...
PBOC sets USDCNY reference rate at 7.1885 vs. 7
PBOC sets USD/CNY reference rate at 7.1885 vs. 7.1891 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1885, slightly lower than the previous rate of 7.1891. This minor adjustment reflects the central bank’s continued efforts...
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EURUSD stuck in familiar territory ahead of NFP Friday
EUR/USD stuck in familiar territory ahead of NFP Friday
The EUR/USD pair hovered within a narrow range on Thursday, as traders exhibited caution ahead of Friday’s pivotal Non-Farm Payrolls (NFP) report. The currency pair, a barometer of risk sentiment and economic...
GBPUSD taps new 14-month low as NFP watch begins
GBP/USD taps new 14-month low as NFP watch begins
The GBP/USD pair slid to its lowest level in 14 months as investors shifted their attention to the upcoming U.S. Non-Farm Payrolls (NFP) report. The pair dipped below 1.2150 during Thursday’s trading session,...
Chinese policymakers are considering a weaker Yuan as Trump trade risks loom
China ramps up yuan support with record Hong Kong bill issuance
China has stepped up its efforts to support the yuan by issuing a record volume of central bank bills in Hong Kong. The People’s Bank of China (PBOC) announced the move as part of its strategy to curb...
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Bitcoin rally fizzles as token’s record-breaking year winds down
Bitcoin’s remarkable 2024 rally appears to be faltering as December outflows from US Bitcoin ETFs signal investor caution. After a year marked by soaring prices and heightened institutional interest, the...
Floki DAO floats liquidity provisioning for a Floki ETP in Europe
Floki DAO floats liquidity provisioning for a Floki ETP in Europe
Floki DAO is making strides toward the European market by proposing liquidity provisioning for a Floki Exchange Traded Product (ETP). The move is part of an ongoing effort to strengthen the presence of...
Six Bitcoin mutual funds to debut in Israel next week Report
Six Bitcoin mutual funds to debut in Israel next week: Report
Israel is set to debut six Bitcoin mutual funds next week, signaling growing institutional interest in cryptocurrency investments. These funds, approved by the Israeli Securities Authority, aim to provide...
Japanese Stocks Rise After Fresh Weakness in Yen Markets Wrap
Japanese Stocks Rise After Fresh Weakness in Yen: Markets Wrap
Japanese stocks rose sharply as the yen weakened further against the dollar, bolstering export-driven sectors. The benchmark Nikkei 225 gained momentum, reflecting investor optimism as a softer yen enhances...
korea stocks
AI, Trump are keys for Korea stock picks amid political upheaval
South Korea’s stock market is grappling with heightened volatility, as global economic uncertainties converge with domestic political upheaval. Analysts are closely monitoring the impact of artificial...
Stock market today Asian shares are mostly lower, with most world markets closed for Christmas
Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas
Asian stocks dipped on Tuesday as most global markets remained closed for Christmas, leaving traders to gauge broader trends in a subdued trading environment. Key indices in Asia reflected mixed sentiment,...

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Australian Dollar struggles near multi-year lows as USD strength dominates

The Australian Dollar continues to face intense pressure, hovering near multi-year lows as the U.S. Dollar maintains its dominance in global markets. A combination of strong U.S. economic data and the Federal Reserve’s hawkish stance on interest rates has fueled demand for the greenback, leaving commodity-linked...

EUR/USD Price Forecast: Subdued around 1.0300 ahead of US Nonfarm Payrolls

The EUR/USD pair remains steady near the 1.0300 level, with traders cautious ahead of the pivotal US Nonfarm Payrolls (NFP) report. This widely-watched employment data is expected to set the tone for the Federal Reserve’s monetary policy outlook, keeping market participants on edge. EUR/USD Technical...

EUR/USD Price Forecast: Slides as Fed signals slower easing pace

The EUR/USD exchange rate slid as the Federal Reserve reaffirmed a cautious approach to monetary easing, signaling a slower pace than markets anticipated. This hawkish tone from the Fed dampened investor sentiment and boosted demand for the dollar, pushing the euro lower in trading. Market participants...

AUD/USD falls after inflation figures and robust US labor data, Trump’s threats

The AUD/USD slipped in the wake of stronger-than-expected U.S. labor market data and subdued Australian inflation figures, which raised concerns over the divergence in monetary policy between the two economies. The Australian dollar weakened as inflation data fell short of expectations, suggesting less...

EUR/USD Price Forecast: Surrenders 1.0400 on strong US data, Trump’s comments

The EUR/USD fell below the critical 1.0400 level on Wednesday, pressured by stronger-than-expected US economic data and comments from former President Donald Trump. A robust ISM Services PMI reading, signaling continued expansion in the US services sector, bolstered expectations of a hawkish Federal...

AUD/USD Price Forecast: Rebounds from two-year lows amidst US tariff speculation

The AUD/USD has staged a recovery after hitting two-year lows, as speculation around potential US tariff adjustments added uncertainty to global markets. The Australian dollar, often considered a barometer for risk sentiment, saw renewed interest amid hints that the US may reassess existing trade policies,...

USD/JPY outlook: Bulls hold grip for further gains, BoJ intervention looms

The USD/JPY pair continued its upward trajectory as investors bet on the divergence between the Federal Reserve’s hawkish stance and the Bank of Japan’s dovish policies. The pair recently breached multi-month highs, fueled by robust U.S. economic data and a resilient dollar. Speculation is growing over...

EUR/USD Price Forecast: Sellers may pause ahead of the weekly close

The EUR/USD pair is stabilizing after a week marked by persistent selling pressure, as investors shift focus to upcoming economic data. Following an earlier dip to multi-week lows, the currency pair found support near 1.0650, suggesting traders may be hesitant to extend bearish bets before the weekend....
Gold stocks’ remain exceptionally weak even as stocks rise

Gold stocks’ remain exceptionally weak even as stocks rise

Gold stocks have underperformed even as broader equity markets posted notable gains, reflecting a divergence that has caught investor attention. While major indices rose on optimism about easing economic...
USDJPY outlook Bulls hold grip in lower-volume Boxing day trading

USD/JPY outlook: Bulls hold grip in lower-volume Boxing day trading

The USD/JPY pair maintained its upward trajectory during subdued Boxing Day trading, with bulls capitalizing on lighter market volumes. The pair hovered near recent highs as traders remained cautious amid...
Stocks rally like Santa’s reindeer Low volume, high drama, and a dose of Algo cheer

Stocks rally like Santa’s reindeer: Low volume, high drama, and a dose of Algo cheer

U.S. stocks surged in a late-session rally, defying thin trading volumes as algorithms added momentum to a pre-holiday boost. The S&P 500 climbed 1.3%, the Dow Jones Industrial Average gained 0.8%,...
Did Bitcoin top out at ₹1,08,367 Critical levels to watch

Did Bitcoin top out at ₹1,08,367? Critical levels to watch

Bitcoin’s recent surge to ₹1,08,367 has sparked debates about whether the cryptocurrency has hit a ceiling or is poised for further gains. The digital asset, which has gained momentum alongside broader...
cryptocurrencies

1 top cryptocurrency to buy before it soars 1,500%, according to Cathie Wood

Cathie Wood, the renowned founder of ARK Invest, has spotlighted Bitcoin as a high-potential investment with the potential to surge by 1,500%. Wood’s optimism stems from the increasing institutional adoption...
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EURUSD Price Forecast Sellers seeking for lower lows
EUR/USD Price Forecast: Sellers seeking for lower lows
The EUR/USD pair continued its downward trend, reflecting the euro’s struggle against a broadly stronger dollar. Market sentiment remains bearish, with sellers dominating as the pair nears pivotal...
EURUSD Price Forecast Fed boosts the US Dollar with a hawkish cut
EUR/USD Price Forecast: Fed boosts the US Dollar with a hawkish cut
The US Dollar strengthened significantly after the Federal Reserve’s hawkish tone during its latest policy meeting, pushing the EUR/USD pair lower. While the Fed implemented a rate cut as expected,...
EURUSD Price Forecast Caution rules ahead of Federal Reserve’s decision
EUR/USD Price Forecast: Caution rules ahead of Federal Reserve’s decision
The EUR/USD pair held steady in early trading as markets tread cautiously ahead of the Federal Reserve’s policy announcement. Investors remain on edge, balancing expectations of an extended pause in rate...
Ethereum Price Forecast Investors book over $2

Ethereum Price Forecast: Investors book over $2.5 billion in profits as ETH declines nearly 10%

Ethereum’s price fell nearly 10% in a sharp pullback, marking one of its steepest declines in recent months as investors cashed out over $2.5 billion in profits. The downturn comes after a period of sustained...
Dogecoin

Should you buy Dogecoin under $0.60?

Dogecoin (DOGE), the cryptocurrency that began as a joke, has recently surged to approximately $0.45, marking a significant increase from its earlier valuations. This rise is partly attributed to renewed...
Ethereum Price Forecast ETH nears its all-time high, sees record ETF inflows and high preference than Bitcoin

Ethereum Price Forecast: ETH nears its all-time high, sees record ETF inflows and high preference than Bitcoin

Ethereum’s performance has surged as the cryptocurrency nears its all-time high, drawing increased investor attention. Record ETF inflows signal a strong institutional appetite, with Ethereum now...
Ethereum Price Forecast ETH overcomes key hurdle as ETF and staking inflows improve

Ethereum Price Forecast: ETH overcomes key hurdle as ETF and staking inflows improve

Ethereum has surpassed a critical resistance level, buoyed by rising optimism surrounding potential ETF approvals and an increase in staking inflows. The cryptocurrency’s price action reflects growing...
Solana Price Forecast Investors unstake $500M SOL as Bitcoin breaks $100K

Solana Price Forecast: Investors unstake $500M SOL as Bitcoin breaks $100K

Investors have unstaked $500 million worth of Solana (SOL), sparking concerns over potential market turbulence. The unstaking coincided with Bitcoin reaching an all-time high of $100,000, a psychological...
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The SP500 is almost at $6060

The SP500 is almost at $6060. What’s next?

The S&P 500 is closing in on the unprecedented $6060 milestone, fueled by resilient investor sentiment and a rally across tech and consumer discretionary sectors. Despite broader economic uncertainties,...
Stocks creeping higher Signs of exhaustion

Stocks creeping higher: Signs of exhaustion?

U.S. stocks edged higher on Tuesday, continuing a slow upward trend, though signs of fatigue emerged as trading volumes thinned. The S&P 500 added 0.2%, while the Dow Jones Industrial Average climbed...
Bajaj Auto Indian stocks Elliott Wave technical analysis

Bajaj Auto Indian stocks Elliott Wave technical analysis

Bajaj Auto has recently drawn attention in the Indian stock market, with analysts observing potential signals aligned with Elliott Wave theory, a popular method in technical analysis. The stock has displayed...
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US Dollar remains weak ahead of jackson hole, USD/JPY and Gold Latest
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US Dollar remains weak ahead of jackson hole, USD/JPY and Gold Latest
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US Dollar remains weak ahead of jackson hole, USD/JPY and Gold Latest
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US Dollar remains weak ahead of jackson hole, USD/JPY and Gold Latest

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