Republican president nominee Donald Trump prospect of winning the White House has increased in the past week based on data from betting markets. Resurgence of “Trump Trade” narrative has triggered a positive feedback loop into Gold (XAU/USD). An increase in tail-risk hedging activities also led to higher demand for Gold (XAU/USD). Watch the US$2,590 key […]
The euro has edged lower on Monday. In the North American session, EUR/USD is trading at 1.0838, down 0.24% on the day. ECB’s Kazimir says disinflation continuing The European Central Bank lowered its key interest rate last week by a 25 basis points to 3.25%, the first back-to-back rate cuts since December 2011. The rate […]
USD/CHF is showing potential for bullish continuation. The Swiss National Bank may welcome a weaker CHF due to pressure from the swiss export sector. Upcoming US data and geopolitical events, including the IMF meeting and US election, could impact USD/CHF. Most Read: Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda s […]
The yen is slightly lower on Monday. In the European session, USD/JPY is trading at 149.96, up 0.30%. China lowers key lending rates by 25 basis points. China cuts key lending rates China lowered its key lending rates by 25 basis points on Monday. This brings the one-year loan prime rate (LPR) down to 3.1% […]
The Australian dollar is calm on Monday. In the European session, AUD/USD is trading at 0.6689, down 0.18%. The Aussie posted its third straight losing week and has declined 3.2% in October. On the data calendar, there are no US or Australian economic releases. RBA’s Hauser: policy could move in either direction The markets are […]