Gold Price Forecast: XAU/USD defends key $2,545 support; what’s next?
Gold buyers need to recapture the $2,580 demand area on a daily closing basis to extend the turnaround above $2,600. Further ...
NZD/USD holds gains near 0.5850 following Business NZ PMI, mixed China data
The NZD/USD halts its three-day losing streak, trading around 0.5850 during the Asian session on Friday. The New Zealand Dollar (NZD) might have received downward pressure as the Business NZ ...
China’s NBS: Will step up policy adjustments, expand domestic demand
Following the publication of the high-impact China’s activity data for October, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday.
Japan’s Kato: Will take appropriate action vs. excessive FX moves
Japan’s Finance Minister Katsunobu Kato on Friday that he “will take appropriate action vs. excessive FX moves.” One-sided, ...
China’s October Retail Sales beat estimates, Industrial Production disappoints
China’s October Retail Sales increased 4.8% YoY vs. 3.8% expected and 3.2% in September, while the country’s Industrial Production rose 5.3% YoY in the same period vs. 5.6% estimated and 5.4% ...
Japan’s Akazawa: Expect modest economic recovery to continue
Japan's Economy Minister Ryosei Akazawa said on Friday that he “expects modest economic recovery to continue, driven by improving employment and wage environment.” He further noted that there is a ...
PBOC sets USD/CNY reference rate at 7.1992 vs. 7.1966 previous
On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1992, as compared to the previous day's fix of 7.1966 and 7.1966 Reuters estimates.
SEC Chair Gensler hints at resignation amid lawsuit from 18 states accusing the regulator of unlawful overreach
18 states have initiated a lawsuit against the Securities and Exchange Commission (SEC) and its five commissioners, alleging unconstitutional overreach and unfair treatment of the cryptocurrency ...
USD/JPY jumps above 156.50 after Japanese GDP, eyes on US Retail Sales data
USD/JPY trades in positive territory for the fifth straight day near 156.60 in Friday’s early Asian session.
Bitcoin Price Forecast: BTC eyes $100K, what are the key factors to watch out for?
Bitcoin trades below $90K in the early Asian session on Friday as investors realized nearly $8 billion in profits in the past two days. Despite the profit-taking, Bitwise CIO Matt Hougan suggested ...
UK Chancellor takes leaf out of Trump's playbook, as Powell hints at a pause Externa
It’s been a busy evening with Jerome Powell speaking and the UK Chancellor’s inaugural speech at Mansion House, where BOE governor Andrew Bailey also spoke. Powell’s remarks have caused a sudden shift ...
WTI holds steady near $68.50, renewed US dollar demand might cap its upside
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” ...