News

Crude oil eases, WTI slips under $63 as EIA projects rising US output
WTI barrel bids continued to churn on the low side of $64 on Tuesday. The EIA has forecast a continued climb in overall US Crude Oil production. The potential for a US-led Russia-Ukraine ceasefire is ...
Forex Today: Focus shifts to German inflation and Fedspeak
The US Dollar (USD) resumed its decline on turnaround Tuesday, leaving behind two daily advances in a row as investors assessed the latest CPI readings amid speculation of two interest rate cuts by ...
Dow Jones Industrial Average lurches higher after CPI inflation print
The Dow Jones Industrial Average (DJIA) caught some bullish lift on Tuesday, rising around 450 points after United States (US) Consumer Price Index (CPI) inflation data from July failed to push ...
AUD/USD rebounds above 0.6500 as RBA rate cut overshadowed by USD weakness
In the US, the CPI report reinforced expectations that the Federal Reserve will deliver a rate cut in September despite the uptick in core inflation. According to the CME FedWatch Tool, markets are ...
EUR/USD Price Forecast: The 1.1400 region holds the downside for now
Resistance stands at the weekly high of 1.1788 (July 24), ahead of the 2025 ceiling at 1.1830 (July 1). Further up comes the September 2021 peak at 1.1909 (September 3), just ahead of the ...
Cryptocurrencies Price Prediction: Cryptos, Ripple & CRCL – American Wrap 12 August
Circle (CRCL) has announced its second quarter results for the fiscal year 2025, its first earnings release since its Initial ...
Top 3 cryptocurrencies to watch post US CPI data release
Bitcoin bulls are regaining strength after the CPI data release, indicating strong sentiment in the broader cryptocurrency market. A break above its weekly high of $122,335 is anticipated, backed by a ...
EUR/GBP muted as UK labor market steadies and EU economic sentiment weakens
The EUR/GBP stays flat during the North American session, as economic data in the UK initially pushed the pair lower, even though the European Union (EU) ZEW survey showed a deterioration in the bloc.
Pound Sterling Price News and Forecast: GBP/USD rises as US CPI data bolsters Fed rate cut expectations
The British Pound (GBP) strengthens further against the US Dollar (USD) on Tuesday, with GBP/USD edging higher after the ...
Swiss Franc strengthens as mixed US CPI, Trump’s Powell threat weigh on Dollar
At the time of writing, USD/CHF is trading near 0.8080, down around 0.50% on the day, while the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, is hovering ...
Australian Dollar Price Forecast: There is a minor top at 0.6550
Australia’s Q2 headline Consumer Price Index (CPI) rose 0.7% vs. the previous quarter and 2.1% on a yearly basis, while ...
Trump attacks Powell, as yields rise, but US stocks rise to fresh record
US Treasury yields are rising at a slower pace than European yields, which are surging on Tuesday. The UK 10-year yield is ...