FXBANkthe8055

FXBANkthe8055

The broader digital currency ecosystem is recovering as the combined crypto market cap jumped by more than 2.35% to $2.04 trillion. Besides Bitcoin BTCUSD and Ethereum, among the major altcoin beneficiaries of this rally are XRP, Dogecoin DOGEUSD and Tron TRXUSD . With their rebound from weekly lows, the trio exhibits a defined correlation. XRP, DOGE and TRX...

FXBANkthe8055

The broader digital currency ecosystem is recovering as the combined crypto market cap jumped by more than 2.35% to $2.04 trillion. Besides Bitcoin BTCUSD and Ethereum, among the major altcoin beneficiaries of this rally are XRP, Dogecoin DOGEUSD and Tron TRXUSD . With their rebound from weekly lows, the trio exhibits a defined correlation. XRP, DOGE and TRX...

FXBANkthe8055

Analysts have raised Bitcoin’s price target to $112,000 following a spike in exchange-traded fund (ETF) inflows. This increased activity suggests bullish sentiment among institutional investors, potentially driving the cryptocurrency to new highs. Bitcoin ETF Inflows to Trigger Price Boost SpotOnChain analysts reported significant inflows into Bitcoin ETFs....

FXBANkthe8055

Silver rallied toward $30 per ounce and was set to advance over 7% this week, underpinned by speculations that the US Federal Reserve will deliver a supersized 50 basis point rate cut next week. Analysts pointed to media reports from Financial Times and the Wall Street Journal suggesting the Fed’s decision would be a close call, as well as higher US jobless...

FXBANkthe8055

In the U.S., unemployment benefits claims rose by 2,000 to 230,000 for the week ending September 7th, further reflecting the ongoing softening of the labour market, as highlighted by weak payroll data for August. On the global gold demand front, Indian discounts surged to a seven-week high due to rising prices, with dealers offering a discount of up to $13 an...

FXBANkthe8055

Key points: Economic data supports expectation of 25 bps cut in September Marvell jumps after forecast beats estimates Ulta Beauty tumbles following annual forecast trim The Nasdaq and S&P 500 ended higher on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in...

FXBANkthe8055

The U.S. dollar remains the world’s dominant currency despite nearly constant hand-wringing over its potential demise. And its resilience may be despite, rather than a result of, actions by U.S. officials, a London-based currency strategist argued Thursday. “Most policymakers consider preserving the value of their currency as an important consideration. To many...

FXBANkthe8055

Sterling dropped against the euro but was still within striking distance of a one-month high, while rising versus a weakening dollar. The greenback eased but remained close to its highest level in almost two weeks as investors focused on a U.S. jobs report due at the end of this week. British factories had their strongest month in more than two years in August...

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The euro is likely to remain little moved by Germany's state elections even after Alternative for Germany's victory in Thuringia marked the first time a far-right party has won a regional election since World War II, Commerzbank says. The European Central provides the backstop that prevents a critical escalation in the sovereign bond market, Commerzbank currency...

FXBANkthe8055

The risk around Friday's US non-farm payrolls number is to the downside and sales of USDJPY and CADJPY are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly. "I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble...

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The S&P/ASX 200 index XJO was down nearly 0.4% at 8,062.90 points, as of 0055 GMT, with all but two sectors in the red. The benchmark ended 0.6% higher on Friday. The country's second-quarter GDP report, due this week, could set the stage for the Reserve Bank of Australia's interest rate trajectory when officials meet later this month. Economic data from the...

FXBANkthe8055

Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares returned to net outflows last week, totaling $305 million, following net inflows of $543 million the week before, according to CoinShares' latest report. The outflows came amid “widespread negative sentiment evident across...

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* Spot gold GOLD was flat at $2,502.89 per ounce, as of 0015 GMT after hitting a session low of $2,494.15 on Friday. However, bullion registered a monthly gain in August. * U.S. gold futures GOLD rose 0.3% to $2,535.00. * Data on Friday showed that U.S. consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut...

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The lira has depreciated over 15 per cent against the dollar since January and nearly 3 per cent since the start of August. Gold prices surged to a historic high of over $ 82 per gram, fueled by the ongoing turbulence in the Middle East, Xinhua news agency reported. Yilmaz emphasised that the situation is crucial due to its substantial market impact, voicing a...

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Gold for December delivery was last seen down US$3.90 to $2,546.70 per ounce, a day after closing at the highest ever. Powell will deliver the keynote speech at the Fed's annual Jackson Hole, Wyoming, symposium on Friday. His remarks will be closely watched for any confirmation the central bank is ready to start cutting interest rates next month as inflation...

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o Gold prices are expected to remain under pressure as the dollar strengthens and markets await key U.S. economic data and insights on the Fed's path for interest-rate cuts, says Prathamesh Mallya, deputy vice president of research at Angel One. The market is eyeing U.S. GDP data on Thursday and PCE data on Friday, Mallya says. Last week, gold prices reached an...

FXBANkthe8055

Gold prices are expected to remain under pressure as the dollar strengthens and markets await key U.S. economic data and insights on the Fed's path for interest-rate cuts, says Prathamesh Mallya, deputy vice president of research at Angel One. The market is eyeing U.S. GDP data on Thursday and PCE data on Friday, Mallya says. Last week, gold prices reached an...

FXBANkthe8055

BNP Paribas Markets 360 maintains a positive view on sterling following last week's stronger-than-expected U.K. growth data and balanced speech from Bank of England chief economist Huw Pill. "The bar for inflation and employment data released this week to be weak enough for the BOE to strike a more dovish tone may be high," the French bank's economists say in a...