Cardano price is set to witness a potential trend reversal provided it flips $0.3043 into a support floor. The altcoin has not lost its investors’ interest as both retail and whale holders have been constantly adding to their wallets. Their presence on the network, however, is concerning as active addresses hit a 12-month low this
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USD/JPY climbs to 143.53 despite weakening US Dollar across FX and declining US Treasury bond yields. Inflation anticipation: Wall Street is on standby for July’s CPI, expected to remain steady at 0.2% MoM. Mixed Fed signals stir the market, with officials hinting at tightening and others suggesting a steady rate path. USD/JPY advances for three
09 Aug: US CPI Preview: Forecasts from 10 main banks, month-to-month tempo ought to maintain at 0.2%
The US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Thursday, August 10 at 12:30 GMT. As we get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation
Australian Dollar returns to its bearish course after China releases below-expectations trade figures for July. The data suggests Chinese demand for Australian raw materials will lessen. The US Dollar rises on increased safe-haven buying following the poor data. The Australian Dollar (AUD) dives to new monthly lows against the US Dollar (USD) on Tuesday after
WTI fell to a low below $80.00 and then jumped back above $82.00, clearing most of its daily losses. China reported weak Trade Balance data, with Exports and Imports coming in weaker than expected in July. A stronger USD also limits the WTI’s advance, but losses are limited by Saudi’s production cut prospects. On Tuesday
XAU/USD Current price: $1,924.46 Comments from Federal Reserve officials spur caution among financial markets. Wall Street trimmed Monday’s gains as earnings reports missed. XAU/USD pressuring a four-week low and poised to challenge the $1,900 mark. XAU/USD edged sharply lower early in the American session, posting a fresh four-week low of $1,922.74 a troy ounce, as
USD/MXN rises 0.30% on Tuesday amidst a risk-off impulse. Chinese economic woes spurred by imports and exports plunging weakened the Mexican Peso. Upcoming Mexican inflation data on Wednesday could shed some light on the Bank of Mexico’s next monetary policy decision. USD/MXN gained traction on Tuesday as risk-aversion triggered outflows from the emerging market currency