Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD holds firm above 0.6800 on risk appetite
AUD/USD holds mild gains above 0.6800 in Asian trading on Monday, snapping a two-day losing streak. The pair benefits from expectations of more Chinese stimulus, which lifting risk sentiment and weighs on the safe-haven US Dollar. The focus shifts to Fedspeak and RBA Minutes.
USD/JPY keeps the red around 148.50 amid Japan's verbal intervention
USD/JPY stalls its bounce and remains in the red at around 148.50 in Monday's Asian session. Japanese verbal intervention continues to outweigh reduced bets for more BoJ rate hikes and a risk-on market mood, keeping the pair undermined. Fedspeak is next on tap.
Gold price extends range play below record high, bulls not ready to give up yet
Gold price remains on the defensive amid reduced bets for a 50 bps Fed rate cut in November. The USD consolidates last week’s strong gains and also contributes to capping the XAU/USD. Geopolitical risks might continue to act as a tailwind and limit losses for the precious metal.
Bitcoin breaks above its $62,000 resistance barrier
Bitcoin has surged past its resistance barrier, signaling a potential rally, while Ethereum is testing a critical resistance level near $2,500, a close above suggesting further gains. In contrast, Ripple is approaching its resistance, and a rejection here could lead to a continuation of its downtrend.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.