Gold trades just shy of record highs on Monday, edging higher after last week’s all-time peak near $3,675. The Fed’s monetary policy decision on Wednesday dominates market sentiment, with a 25 bps cut seen as certain. XAU/USD continues to trade sideways with the 21-SMA providing short-term support. Gold (XAU/USD) kicks off the week on a…
De also recommends ‘Buy’ on Bajaj Finance around Rs 980, with a target of Rs 1,050 and stop loss at Rs 944. The stock, currently trading at Rs 1,003.25, has staged a strong recovery from August lows of Rs 850 and is comfortably above its 21-EMA. However, De cautioned that RSI above 80 reflects overbought…
USD/CHF up 0.12% but trades below 20- and 50-day SMA confluence at 0.8019/23, keeping sellers in control. RSI bearish but flat, suggesting near-term consolidation unless breakout above 0.8000 or drop below 0.7900 occurs. Upside targets include 0.8025 and 100-day SMA at 0.8109; downside risks point to yearly low at 0.7872. USD/CHF advanced during the North…
EUR/USD is up 0.18% weekly as markets fully price a September 25-bps Fed cut. Weak sentiment, payrolls revision and rising jobless claims signal US labor market deterioration ahead of FOMC. ECB holds rates with a data-dependent stance as US policy uncertainty and the Fed independence saga fuel volatility. EUR/USD remains steady during the North American…
Gold consolidates near $3,650, holding in a narrow range after this week’s record high near $3,675. Safe-haven demand remains strong, driven by global trade tension and geopolitical risk. Markets have fully priced in a 25 bps cut at the Fed’s September 17 meeting, a +90% probability says CME Fedwatch Tool. Gold (XAU/USD) is trading with…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price rose over 1% in the past 24 hours to trade at $115,025 as of 3:49 a.m. EST, as over half a billion dollars returned to spot BTC exchange-traded funds (ETFs) amid growing interest rate cut optimism. Spot Bitcoin ETFs…
Gold steady near $3,650, close to its record high after near $3,675 seen on Tuesday. US PPI fell 0.1% MoM in August, after a downwardly revised 0.7% gain in July and below forecasts of a 0.3% increase. Technicals continue to show a strong bullish structure, with immediate support at $3,617 followed by $3,556. Gold (XAU/USD)…
Filecoin FIL$2.4421 traded little changed over the last 24 hours, with the shares trading in a $0.08 range representing 3.3% volatility between $2.41 and $2.50, according to CoinDesk Research’s technical analysis model. The model showed a pronounced V-shaped recovery trajectory, as the digital asset initially retreated from $2.44 to test institutional support levels near $2.41-$2.42…
Filecoin FIL$2.4452 showed strong upward momentum throughout the last 24 hours, climbing from $2.38 to $2.44, according to CoinDesk Research’s technical analysis model. The model showed that the digital asset carved out strong support foundations within the $2.38-$2.39 corridor, backed by substantial volume validation that became particularly pronounced during the 6:00 AM ET trading hour…
Pound Sterling (GBP) is holding steady, ING’s FX analyst Chris Turner notes. Gilts remain the weak link for GBP “The enforced cabinet reshuffle by UK Prime Minister Keir Starmer on Friday did not touch Chancellor Rachel Reeves, who is valued for her market credibility. Softer US data has seen last week’s global bond market sell-off…