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UBS sees limited USD gains amid global events By Investing.com
Pro-growth currencies have struggled recently, but the upcoming economic data and central bank meetings are expected to curb further gains in the USD, UBS noted while providing insights into recent currency market movements. The remark from UBS came after US Dollar (DXY index) rebounded after failing to break the 100 mark. The analysts observed that…
Sponge (SPONGEUSDT) Price Will Rise in Proportion to Demand
SPONGEUSDT attracts more customer SPONGEUSDT Price Analysis – 06 August If the bulls continue to increase at their current pace, the price may rise above $0.000404. SPONGEUSDT will restart its upward trend after breaking past the $0.000404 resistance level, gaining momentum and moving closer to the $0.000502 and $0.000610 barrier levels. SPONGEUSDT Market Key levels:…
PMI data highlights the resilience of major European economies. Japan to raise interest rate on long-term government bonds
On Thursday, the Dow Jones Industrial Average (US30) fell by 0.34%, the S&P 500 (US500) dropped by 0.40%, and the Nasdaq (US100) closed down 0.34%. Walmart influenced the sentiment, plunging 4.5% after missing quarterly earnings expectations for the first time since 2022, despite raising its full-year sales and profit expectations. Weakness in other retail stocks…
Gold climbs to $4,350 as safe-haven flows ignore firm US Dollar, yields | FXStreet
Gold (XA/USD) surges during the North American session on Friday, up 0.30% despite rising US Treasury bond yields and of the US Dollar, which is poised to finish the week with modest gains of 0.25%. At the time of writing, XAU/USD trades at $4,344 after bouncing off daily lows of $4,309. Bullion advances late Friday…
