EUR/CHF Exchange rate
Editors’ Picks
AUD/USD holds above 0.6600 ahead of the US PMI, Fed’s Powell speech
The AUD/USD pair holds above the 0.6600 psychological mark during the early Asian session on Friday. However, the rebound of the US Dollar might cap the pair’s upside in the near term. Meanwhile, the US Dollar Index surges to 103.50 while the US Treasury bond yield edge higher.
EUR/USD hovers around 1.0900 amid falling inflation, focus on ECB’s Lagarde’s speech
The EUR/USD pair hovers around the 1.0900 psychological mark after retracing from the multi-month high of 1.1017 during the early Asian trading hours on Friday. Falling inflation and a stagnant economy in the Eurozone fuel hopes that interest rates could soon be cut.
Gold recovers its losses near $2,040, focus on US PMI, Fed’s Powell speech
Gold price recovers its recent losses near $2,040 during the early Asian session on Friday. The anticipation that the Federal Reserve to hold rates steady and perhaps start cutting in 2024 weighs on the US Dollar and lends some support to the USD-denominated gold.
Cosmos Price Prediction: ATOM eyes 10% gains amid chatter about a fork
Cosmos price is trading with a bullish bias despite a rejection from the $10.218 resistance level. The optimism comes on the back of chatter of a possible fork, expected to result in an airdrop, an outcome that would be effectively bullish for Cosmos Hub.
A November to remember
The narrative for November can be characterized as a story of realization, recognition, and capitulation, particularly regarding the direction of interest rates and the outlook ahead. The month commenced with yields on 10-year Treasuries at 4.90%, but they are now poised to conclude nearly 60 basis points lower, providing a favourable boost to stock valuations.