Dollar holds steady as traders prepare for anticipated US inflation information
US Dollar Firm Amid Inflation Data and Trade Concerns The US dollar remained strong on Friday, holding onto modest weekly gains against key rivals. Investors are preparing for upcoming inflation data, which is not expected to influence the Federal Reserve’s decision to lower interest rates next week. Concerns regarding the trade war are resurfacing, especially […]
EUR/USD remains stable around 1.16 as traders prepare for US inflation figures
EUR/USD held steady during North American trading on Thursday, with the dollar gaining slightly over 0.05% as investors awaited US inflation figures for September. Currently, the pair is at 1.1617 after dipping to 1.1585 earlier. Before key CPI trends, market movements remain slow amid sparse data and caution. Limited economic data emerged from both sides […]
GBP/USD falls under 1.3350 as traders exercise caution amid US data silence
GBP/USD Continues Downward Trend Amid U.S. Economic Uncertainty GBP/USD has marked its fifth consecutive day of declines, trading around 1.3340 during Asian hours on Thursday. The pair slipped as the U.S. dollar found strength, driven by increased risk aversion. Traders are approaching the upcoming U.S. inflation data release on Friday with caution, especially amidst the […]
Crypto Traders Face $300M Losses as Bitcoin Rises to $113K and Then Declines
Bitcoin Price Fluctuations Impact Market Bitcoin’s recent bidirectional price movement has created challenging conditions for traders, especially those utilizing leverage. Over the last 24 hours, its price has oscillated between $107,000 and $113,000, leading to around $600 million in liquidations of both bullish and bearish futures across markets. This wave of liquidations resulted from traders […]
GBP/USD falls as the US Dollar rises, traders look ahead to UK and US CPI data
The GBP/USD rate dipped in North American trading on Tuesday, falling over 0.17% and marking a three-day high, as the US dollar began to stabilize. At the moment, the pair is at 1.3384, following a peak of 1.3417 earlier. Pound dips below 1.34 as UK fiscal tightening looms In the United States, traders are closely […]
Gold drops almost 5% as the dollar rises, traders take profits after peak levels
Gold prices experienced a nearly 5% drop on Tuesday, marking the largest single-day decline in several years. This was primarily due to a sharp increase in the U.S. dollar and significant profit-taking, which interrupted the recent surge that saw prices exceed $4,300 per ounce. By midday Tuesday, gold futures were trading at $4,143.90 per troy […]
EUR/USD remains steady as traders anticipate US CPI during the ongoing US shutdown
The EUR/USD exchange rate remained mostly unchanged in North American trading on Monday, slipping 0.05% to approximately 1.1643 after reaching a daily high of 1.1675, driven by disappointing US economic data. The euro sits steady around 1.1640 as anticipation builds for US inflation data and remarks from President Trump about trade. With the U.S. government […]
What Bitcoin Traders Need to Keep an Eye on This Weekend
Simply put Bitcoin experienced a decline early Friday, largely influenced by President Trump’s proposed tariffs on China. Analysts are particularly focused on a critical support level set at $103,000. There seems to be selling pressure among short-term holders who invested around $113,000, while the Coinbase premium has turned negative, indicating a potential decrease in demand […]
Australian Dollar stabilizes as traders proceed carefully amid the continuing US-China conflict
The Australian dollar (AUD) declined against the US dollar (USD) on Friday, marking its second consecutive day of losses. The AUD/USD pair is likely to continue this downward trend amidst rising trade tensions between the US and China. Given Australia’s strong trade ties with China, any shifts in the Chinese economy can significantly influence the […]
Traders Concerned by Large Increase in Crude Inventory – Current Crude Oil Prices
U.S. Crude Oil Inventories Surge The American Petroleum Institute (API) estimates that U.S. crude oil inventories saw a substantial increase of 7.36 million barrels for the week ending October 10. This figure significantly exceeded analysts’ expectations, who had predicted a much smaller rise of around 120,000 barrels. Interestingly, the International Energy Agency (IEA) has also […]