EUR/GBP sticks to gains around 0.8635-0.8640 area after UK data/German CPI – FXStreet
EUR/GBP has regained positive traction and is supported by a combination of factors. Mixed macro data in the UK led to speculation that the Bank of England would cut interest rates, causing the pound to fall. The rise in Germany's core CPI provides some support for the common currency and spot prices. The EUR/GBP cross […]
Crypto Gains Momentum As IRS Abolition Hits Congressional Agenda – Bitcoinist
One of the biggest changes for cryptocurrencies may be the possible abolishment of the Internal Revenue Service. At least, that's the proposal being pushed by U.S. lawmakers. Congressman Earl “Buddy” Carter has caused controversy with his latest plan to abolish the IRS and replace the current U.S. tax code with a national sales tax. This […]
US Dollar Forecast: DXY Gains, EUR/USD Drops as U.S. Jobs Data Boosts Fed Pause Case – FX Empire
The index is holding steady above its 50-day moving average of 106.812, confirming a strong intermediate uptrend. The 200-day moving average of 104.557 provides long-term support. DXY rose 0.44% to 109.640, its highest since November 2022, and its sixth straight week of gains, the longest since 2023. Strong payroll data fuels dollar momentum The Labor […]
Dollar gains extend ahead of US jobs reading – Yahoo Finance
Written by Tom Westbrook SINGAPORE (Reuters) – The dollar was on track to extend its longest weekly winning streak in more than a year on Friday, buoyed by rising bond yields and hopes that U.S. jobs data will be strong again. The dollar rose 0.5% against the yen this week to buy 158.03 yen, adding […]
ByteDance’s Lemon8 gains traction amid TikTok ban threat as creators push the app
Have you been hearing a lot about Lemon8 lately? You're not alone. As a ban on TikTok looms in the US, content creators are promoting the platform's sister apps. Lemon8 resembles a fusion of the kind of short-form videos you see on TikTok and the picture-perfect aesthetics of Instagram and Pinterest. Like the popular Lemon8, […]
US Dollar holds gains after FOMC minutes, labor market data – FXStreet
The Fed's hawkish monetary stance is contributing to higher U.S. Treasury yields and reinforcing the current strength of the dollar. Rumors that a national economic emergency may be declared have increased demand for safe havens, underscoring the appeal of greenbacks. The bullish mood is further amplified by strong labor market indicators, including a decline in […]
USD/INR declines as likely RBI intervention caps gains – FXStreet
The Indian rupee traded in positive territory in early European trading on Tuesday. Weak domestic markets and persistent capital outflows are weighing on the Indian rupee, but central bank intervention could limit losses. Traders are awaiting the release of the US December ISM Services PMI later on Tuesday. The Indian rupee (INR) rebounded on Tuesday […]
Australian Dollar holds gains as US Dollar corrects downwards ahead of ISM Services PMI – FXStreet
The Australian dollar continues to strengthen following Tuesday's release of building permit statistics. The total number of approved homes in Australia (seasonally adjusted) decreased by 3.6% month-on-month to 14,998 in November 2024. Traders are awaiting the release of the US ISM Services PMI later in the North American session. The Australian dollar (AUD) rose against […]
USD/CAD gains above 1.4400 as US Dollar dominates on Fed’s cautious policy outlook – FXStreet
USD/CAD rose above 1.4400 as the US dollar hit a new two-year high. The Fed is expected to go through a gradual rate-cutting cycle this year. Investors are awaiting US ISM Manufacturing PMI data for December. The USD/CAD pair rose to around 1.4420 in European trading on Thursday. The loonie pair is rising as the […]
Gold Price Forecast: XAU/USD posts modest gains above $2,600, focus on Trump policies – FXStreet
Gold prices remained positive near $2,625 in early Asian trading on Thursday. Geopolitical risks, central bank buying, and flows into safe-haven assets could push gold prices higher. Expectations that the Fed will slow the pace of rate cuts could cap the yellow metal's upside. Gold prices (XAU/USD) rose moderately to around $2,625 in early Asian […]