In recent years, the global financial landscape has witnessed a growing trend towards de-dollarisation, as nations seek alternatives to the hegemony of the US dollar. The emergence of the Chinese yuan as a potential contender, along with other alternative currencies, has raised questions about the future of the greenback’s global role. While the shift away …
EUR/USD hits a brutal four-week low at 1.0740 in the Asian session. The major currency pair has faced immense selling pressure as the market mood has remained cautious. Market sentiment has turned negative as investors are worried that if the delay in US debt-ceiling issues keeps going like this, the United States economy would be …
The USD/ZAR exchange rate is attracting attention as South Africa experiences a significant rise in inflation, reaching levels not seen since May 2022. This surge in SA inflation has sparked discussions about the upcoming interest rate decision by the South African Reserve Bank (SARB). Meanwhile, the ongoing US debt negotiations are adding pressure to the …
In the realm of currency trading, GBP/USD pair has been drawing attention as the feeble forecast for UK inflation raises eyebrows. It is anticipated that the inflation rate for April will experience a significant drop to 8.2%. However, market participants are starting to wonder if this optimistic projection is truly realistic. Examining the 4-hour chart, …
Feeble Forecast for UK Inflation Sparks Doubt: GBP/USD Alert Read More »
The bitcoin trading range plunge has entered a phase of stagnation as the crypto market settles into the tightest price range seen in months. Despite ongoing concerns regarding the stability of U.S. regional banks and the country’s debt ceiling, Bitcoin’s trading range has narrowed significantly, indicating a lack of decisive market movements. Bitcoin Trading Range …
Debt Limit Optimism and Market Expectations Optimism surrounding the debt limit and its potential resolution has sparked a shift in market sentiment. The anticipation of a solution to the debt limit issue, coupled with positive economic indicators, is influencing market expectations and causing a gradual erosion of the prospects for Federal Reserve rate cuts. Impact …
Bitcoin Price Outlook and Stable Support Levels Bitcoin price has remained stable despite recent market volatility, maintaining its position within a specific range. However, investors are eagerly awaiting a potential Bitcoin bullish recovery, as BTC seeks to establish a stable support level that could trigger a rally. On the weekly chart, Bitcoin finds itself in …
Gold prices crumbled on Thursday, falling for a third consecutive session and reaching their lowest level since the beginning of April. In early afternoon trading in New York, XAU/USD was down 1.4% to $1,960, dragged down by U.S. dollar strength and rapidly rising bond yields following encouraging macro data and news that the U.S. Congress …
Last week, the Australian Dollar surged to a new peak, only to fall back down as the US Dollar regained its dominance towards the end of the week. Despite this, AUD/USD remains in the same range it has been in for several months, with little movement even as US and Chinese inflation gauges softened. While …
Gold prices experienced a decline within a one-week low on Friday and are likely to record a weekly drop, due to the influence of a stronger dollar and a rise in U.S. bond yields. The value of spot gold fell by 0.1% to $2,014.09 per ounce, with U.S. gold futures remaining relatively unchanged at $2,019.80. …
Stronger Dollar Weighs on Gold, Heading for Weekly Drop Read More »
