Australian Dollar loses ground as traders expect Fed to deliver nominal further rate cuts – FXStreet
The Australian dollar has fallen due to economic instability in China. This week's ANZ Roy Morgan Consumer Confidence Index remained unchanged at 83.4. The US dollar is being supported by the fading possibility of further bumper rate cuts by the Federal Reserve. The Australian dollar (AUD) remained weak against the US dollar (USD) on Tuesday, […]
Dollar Extends Weekly Gaining Trend as Traders Trim Fed Cut Bets – Yahoo Finance
(Bloomberg) — Traders are pushing the dollar toward a second straight week of gains as they anticipate a slowing pace of interest rate cuts by the U.S. Federal Reserve. Most Read Articles on Bloomberg The Bloomberg Dollar Spot Index rose 0.5% this week, even as some other central banks consider further monetary easing to support […]
GBP/USD hangs near multi-week low, below 1.3100 as traders await FOMC minutes – FXStreet
GBP/USD on Wednesday is attracting new sellers and is under pressure due to various factors. Sterling continues to be weighed down by dovish comments from Bank of England Governor Bailey last week. The reduction in bets on a big Fed rate cut is supporting the dollar and contributing to its decline. The GBP/USD pair is […]
Dollar drifts near 7-week highs as traders consider US rates outlook By Reuters – Investing.com
Written by Uncle Banerjee SINGAPORE (Reuters) – The dollar fell 7.7 points against major currencies on Tuesday as rising tensions in the Middle East soured risk sentiment and investors pondered the outlook for U.S. interest rates after last week's strong jobs report. It hit a weekly high. Traders have drastically reversed their expectations for monetary […]
EUR/USD posts modest gains above 1.1050, traders await US ADP report – FXStreet
In Wednesday's Asian session, EUR/USD remained steady around 1.1070. US ISM Manufacturing PMI in September was weaker than expected. Eurozone inflation fell below the ECB target in September. During Wednesday's Asian trading session, the EUR/USD pair was moving moderately higher around 1.1070. Meanwhile, signs of rising geopolitical tensions in the Middle East could weigh on […]
Gold Price Forecast: XAU/USD edges higher above $2,650 as traders brace for Chinese PMI data – FXStreet
Gold prices rose to $2,665 in early Asian session on Monday. Rising geopolitical tensions in the Middle East and Fed rate cuts are supporting gold prices. Investors are awaiting China's PMI to be released on Monday. Gold prices (XAU/USD) recovered to near $2,665 in early Asian trading on Monday. Precious metals have been buoyed by […]
Gold price consolidates below record high as traders await US PCE Price Index – FXStreet
Gold prices hit new highs on Thursday on the back of dovish expectations from the Federal Reserve. Amid a risk-on mood and overbought conditions, modest gains in the US dollar are capping gains. Traders are now looking forward to the US PCE price index before betting on the direction. Gold prices (XAU/USD) fell during Asian […]
Bitcoin traders now agree $65K is 'key' BTC price resistance to beat – Cointelegraph
Bitcoin (BTC) sold off along with U.S. stocks at the open on Wall Street on Sept. 20 as risk assets took a breather from their macroeconomic rally. BTC/USD 1-hour chart. Source: TradingView Bitcoin price 'bullish' over the weekend Data from Cointelegraph Markets Pro Trading View After hitting a three-week high of $64,121 on Bitstamp, BTC […]
Gold market analysis for September 19 – key intra-day price entry levels for active traders – Kitco NEWS
Jim Wyckoff I have over 25 years of experience covering the stock, financial and commodity markets. I was a financial journalist for FWN Newswire Services for many years and have also worked as a reporter on the active commodity futures trading floors in Chicago and New York. As a journalist, I have covered every futures […]
Japanese Shares Gain on Yen as Traders Debate Fed: Markets Wrap – Yahoo Finance
(Bloomberg) — Japanese shares rose on a weaker yen, but other Asian shares were mixed as traders debated the size of the U.S. Federal Reserve’s interest rate cut later on Wednesday. Most read articles on Bloomberg Japan's stock indexes rose sharply at the open as a weaker yen in New York boosted the outlook for […]