Forex News
Latest News
Broker promotions
Editors’ Picks
AUD/USD taps 0.6800 for the first time since January
AUD/USD flirts with 0.6800, sitting at fresh seven-month highs in the Asian session on Monday. A sustained US Dollar weakness, courtesy of dovish comments from Fed Chair Powell. supports the pair, as traders weigh the latest MIddle-East geopolitical escalation. US data eyed.
USD/JPY keeps the red below 144.00 on Fed/BoJ policy divergence
USD/JPY is off the lows but remains under heavy selling pressure below 144.00 in early Asia on Monday. The Fed-BoJ policy divergence acts as a headwind to the pair amid escalating geopolitical tensions in the Middle East. Focus stays on US data.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold holds upside above $2,500 on dovish Fed, Mid-East escalation
Gold price holds gains above $2,500 in the Asian session on Monday amid the weaker US Dollar and dovish Fed Chair Jerome Powell. The bright metal also remains underpinned by reports that Israel carried out pre-emptive strikes on Lebanon.
Ethereum bulls could stage 30% rally following Fed Chair's keynote, withdrawing over 284K ETH from exchanges
Ethereum jumped by over 6% after Fed Chair confirmed that the central bank is looking to cut rates. ETH exchange net flows hit a two-month low after buyers moved over 283.9K ETH out of exchanges.
Week ahead: PCE inflation eyed as Fed lays groundwork for September cut
Focus to stay on the Fed as PCE inflation to be week’s main highlight. Eurozone inflation data to be crucial for ECB rate cut hopes. Australian and Tokyo CPI, plus Canadian GDP also on the agenda.