Forex News
Latest News: Institutional Research
Editors’ Picks
AUD/USD remains stuck in a familiar range above 0.6400
AUD/USD struggles for a firmdirection and remains confined in a multi-week-old trading range above 0.6400 early Wednesday. The RBA's dovish outlook and the domestic political turmoil remains a drag on the Aussie amid US-China spat over chips. However, a broadly weaker USD continue to support the pair.
USD/JPY bears retain control near two-week low, break below 144.00 awaited
USD/JPY languishes near a two-week low despite the disappointing release of Japan's trade balance data, as hawkish BoJ expectations continue to underpin the JPY. Meanwhile, the USD remains depressed amid Fed rate cut bets and a downgrade of the US government's credit rating last Friday, which exerts additional pressure on the currency pair and favors bearish trades.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price looks to build on its recent strength beyond $3,300 mark
Gold price advances to over a one-week top during the Asian session on Wednesday, with bulls now awaiting a sustained move and acceptance above the $3,300 mark before placing fresh bets. Moody's downgrade of America's top sovereign credit rating and Fed rate cut bets keep the USD depressed near a two-week low. Apart from this, persistent geopolitical uncertainty benefits the safe-haven XAU/USD.
Ethereum Price Forecast: ETH holds steady at $2,500 despite increasing selling pressure
Ethereum (ETH) held steady above $2,500 on Tuesday despite investors stepping up their selling pressure with high profit-taking and loss realization activity.
Ripple Price Forecast: Debut of cash-settled XRP futures on CME fails to trigger rally
XRP slides for two consecutive days as sentiment in the broader market remains cautious. In its debut, the XRP futures launch on CME Group’s derivatives platform exceeded $2.4 million in trading volume.