Forex News
Latest News
Broker promotions
Editors’ Picks
AUD/USD declines on USD recovery, outlook bright
The AUD/USD declined by 0.30% to 0.6775 in Monday's session as the Australian Dollar edged lower despite hovering around a seven-month high near 0.6800. The decline was primarily attributed to a broad USD recovery and a cautious market sentiment.
EUR/USD backslides in broad-market Greenback bounce
EUR/USD pared back recent gains on Monday, slipping back from 1.1200 as traders ease off the gas pedal in broad-market Dollar-negative flows that sent Fiber into its highest bids in 13-months last week. Market risk appetite remains on balance to get the new trading week fired up.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold price clings to $2,500 as Powell's speech sparks Fed rate cut bets
Gold extended its gains on Monday amid increasing bets that the US Federal Reserve will begin to ease policy in September. This is a certainty following Fed Chair Jerome Powell's speech at Jackson Hole, when he said, “The time has come for policy to adjust."
AI tokens post huge weekly gains in anticipation of Nvidia's Q2 earnings
Several AI tokens lead the crypto market with heavy gains following a 60% rise in FET. Nvidia's earnings are considered an indicator of the global health of the Artificial Intelligence sector. Analysts expect a Q2 revenue of $28.7 billion and earnings per share of $0.65.
Toncoin price crashes double-digits as Telegram CEO Pavel Durov Arrested
Toncoin (TON) plunged 14% in two days, reaching a low of $5.23 on Sunday. As of Monday, it trades at around $5.73. This bearish sentiment was initiated by the arrest of Pavel Durov, CEO of Telegram, by the Fench authorities on Saturday.