ADA/USD Exchange rate
Editors’ Picks
AUD/USD dips below 0.6750 amid China worries-driven risk aversion
AUD/USD is losing ground below 0.6750 in the Asian session on Tuesday. The US Dollar rebounds alongside the USD/JPY pair, undermining the pair. China's economic concerns-driven risk-off mood also weighs on the higher-yielding Aussie. US Retail Sales data and Fedspeak eyed.
USD/JPY stretches beyond 158.50, awaits US Retail Sales data
USD/JPY is extending gains above 158.50 in Asian trading on Tuesday. Despite risk aversion and the Fed-BoJ policy divergence, the Japanese Yen is under intense selling pressure against the US Dollar. Traders eye more cues from the US Retail Sales data and Fedspeak before placing fresh bets.
Gold price bulls retain control despite modest USD strength, risk-on environment
Gold price remains close to a nearly two-month top set on Monday amid rising Fed rate cut bets. Investors seem convinced that the Fed will begin its rate-cutting cycle at the September meeting. The risk-on mood, along with a modest US Dollar strength, might cap the upside for the XAU/USD.
Ethereum ETFs to launch next Tuesday. Here’s why ETH's price could be set to explode
Ethereum is up more than 7% on Monday following updates from Bloomberg analysts that the SEC would potentially greenlight spot ETH ETFs to launch next week Tuesday. The increased inflows across global Ethereum investment products also align with the new development.
Trading the week ahead
This week presents several high-probability opportunities to closely monitoring. The Canadian CPI print is one of the main events. The Bank of Canada has expressed concern about the impact of higher interest rates on mortgage holders, with about 50% yet to remortgage.