SEC acknowledges CoinShares, Canary and WisdomTree's XRP ETF filings, bulls eye $3.40 – FXStreet
The SEC accelerates the XRP ETF filing process by acknowledging Coinshare, Canary, and WisdomTree applications. The new SEC administration has yet to suspend the agency's lawsuit against ripples due to prioritization of cases with imminent court deadlines. HashDex has received approval from the Brazilian SEC to launch the world's first Spot XRP ETF. XRP could […]
EUR/USD softens below 1.0450 on Trump’s tariff threats – FXStreet
The EUR/USD edge fell to 1.0425 in the late US session on Wednesday. The FOMC minutes showed that the Fed wants to spend time before adjusting interest rates. A fresh round of Trump's tariff threat is the weight of the euro. The EUR/USD pair weakens to near 1.0425 during the late US session on Wednesday. […]
Pound Sterling gains on hot UK inflation report – FXStreet
Poundsterling will attract bids after the release of the UK Inflation Report, which was hotter than expected in January. Boe's Bailey expects an inflation increase to essentially last. US President Trump has threatened to impose 25% tariffs on cars, semiconductors and medicines. Poundsterling moves higher against its key peers after UK (UK) Consumer Price Index […]
USD/CAD Price Forecast: Could test 1.4200 barrier near nine-day EMA – FXStreet
USD/CAD is traded within falling wedge patterns. This pair could be instantly supported around the upper limit of 1.4100 fall wedges. The immediate resistance zone appears near the 9-day EMA of 1.4230 and is aligned with the upper limit of the falling wedge. The USD/CAD pair has waived recent profits from the previous session, trading […]
Gold price climbs fueled by Trump tariff threats – FXStreet
Xau/USD is approaching record highs, with Goldman Sachs looking at a $3,100 target. Investment banks are projecting a 9% rise as a surge in central bank demand. Trump's tariff policy boosts fuel market uncertainty and gold's appeal. Federal Reserve officials remain cautious about inflation as they focus on FOMC minutes this week. Gold prices surged […]
Japanese Yen remains depressed amid modest USD strength; downside seems limited – FXStreet
The Japanese yen retreats after touching a week's high against its American counterparts. The rise in bets on the impending BOJ rate rise this year should limit JPY's deeper losses. The narrowing difference in US yields could also support a lower JPY. The Japanese Yen (JPY) has been depressed throughout the early European sessions on […]
Australian Dollar steadies as RBA Bullock refrains from declaring victory over inflation – FXStreet
The Australian dollar barely moves as traders could have already set a price with their RBA rate reduction decision. The Reserve Bank of Australia has cut its official cash rate by 25 basis points to 4.10%. Fed Gov. Michelle Bowman warned that profit risks continued, underscoring the need to make more clear before considering interest […]
Gold price in India: Rates on February 18 – FXStreet
Gold prices rose in India on Tuesday, according to data compiled by FXStreet. Gold price was INR 8,126.38 (INR) per gram, but rose compared to IT costs of 8,096.88 on Monday. Gold prices increased from INR 94,440.36 per TOLA to 94,784.55 per TOLA a day ago. Unit Measure INR gold prices 1 gram 8,126.38 10 […]
Gold prices rise, struggle to clear $2,900 – FXStreet
Gold will increase by 0.56% despite thin liquidity on US President's Day. Geopolitical risks, US trade policy supports the long-term bullion outlook. Traders await FOMC minutes, Federal Reserve speakers and key economic data for the US. Gold prices rose on Monday during the North American session, recording a profit of 0.56% amid thin trading as […]
US Dollar Index steady while traders mull any possible outcomes for Ukraine this week – FXStreet
The US dollar increased its headlines in the flatline on Monday. Traders are pondering the potential outcomes from Riyadh's Ukrainian talks this week. The US Dollar Index (DXY) is pasted in the mid-106 range and is looking for directions. The US Dollar Index (DXY), which tracks the performance of the US dollar (USD) against six […]