Last week, the U.S. dollar regained some ground after months of consecutive declines, primarily driven by increased demand for the safe-heaven currency as the conflict in the Middle East intensified. RBNZ POISED FOR A 50BPS RATE CUT : The Reserve Bank of New Zealand started its easing cycle in August
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Gold prices are consolidating around $2,660, holding gains below the record high. Traders are considering geopolitical risks related to Israel and Iran. The U.S. dollar is pausing its recovery amid changing market risks. The daily technical indicators suggest a favorable outlook for gold buyers, with the RSI in
The Australian dollar (AUD) fell below the 0.68 level during the trading week. Continued negativity is expected in the AUD/USD market. The market's performance is heavily influenced by risk appetite and recent strong US jobs data, which favors the US dollar.
Bitcoin had a strong rise in September but ended the month with a notable drop. The price fell below $65,000, which lowered the positive outlook many had earlier in the month. September is usually one of the best months for Bitcoin returns, but this time it didn't
The US added 254,000 jobs in September, significantly exceeding the expected 140,000. August job growth was revised from 142,000 to 159,000. The unemployment rate fell to 4.1%, better than the previous rate of 4.2%. Average hourly earnings rose by 0.4% monthly, above the
Bitcoin funds saw inflows for the 8th day in a row. On September 30, 12 Bitcoin ETFs had total net inflows of $61.3 million. BlackRock's IBIT fund led with $72.15 million in new capital. Fidelity’s FBTC fund added $8.32 million. ARK’s 21Shares and
Current Target: Bank of America expects the Eurodollar (EUR/USD) to reach $1.12 by the end of this year. Limited Growth: With the Eurodollar close to this target, there's not much more room for it to rise, and it might even fall slightly. Future Prediction: The Eurodollar
Ethereum ETFs experienced net outflows of $3.2 million on October 3 Grayscale faced the largest outflows at $14.69 million, followed by Fidelity with $587,090. BlackRock’s Ethereum Fund (ETHA) recorded net inflows of $12.08 million, offsetting some losses. Daily trading volumes for Ethereum funds dropped to
German Industrial Orders (MoM): Actual: -5.8% Forecast: -2% Previous: 2.9% Significant decline in industrial orders, much worse than expected. UK Halifax House Prices (MoM): Actual: 0.3% Forecast: Not provided Previous: 0.3% House prices remain stable month-over-month. UK Halifax House Prices (YoY): Actual: 4.7% Forecast: Not
The Nikkei, Japan’s main stock index, rose by 1.93% on Tuesday. This rise recovered some of the 4.80% loss from the previous session. The stock market improved after a report from the Bank of Japan’s September meeting. The report mentioned that Japan's economy is
Oil prices went up sharply on Tuesday. This increase happened due to rising tensions in the Middle East. Iran launched over 100 missiles at Israel. The conflict between Iran and Israel caused concerns, affecting oil markets.
Gold prices remained steady on Wednesday. A stronger U.S. dollar balanced out the demand for gold as a safe haven. The demand for gold rose due to rising tensions in the Middle East. Investors are waiting for U.S. economic data for further insights.