Author: FX
The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department’s announcement of a bond buyback for the long end of the curve. The AUD/USD trades at 0.7170, after rebounding near 0.7067.AUD/USD Price Forecast: Technical OutlookAUD/USD price action indicates that the uptrend resumed after the pair reclaimed the 100-day Simple Moving Average (SMA) at 0.7969. In addition, a breakout above the June 4 daily high of 0.7149 opened the door for further gains.The Relative Strength Index (RSI) indicates bullish momentum.…
The USD/CHF advanced on Friday, registering a modest 0.07% gain, trading at 0.8010. During the week, the pair finished with losses of over 1.49%, triggered by a drop in US yields on Wednesday, as the US Treasury tries to cap elevated yields on the 30-year bond.USD/CHF Price Forecast: Technical OutlookUSD/CHF price action shows some “sort” of consolidation, capped by the 50- and 100-day Simple Moving Averages (SMAs) at 0.8086 and 0.7976. Momentum shifted downwards as seen in the Relative Strength Index (RSI). Even though price action could’ve opened the door for a “mean reversion” trade after the sudden drop, the RSI…
Ethereum price today: $2,520Ethereum ETFs are on track to record their best week in 2026 after recording four consecutive days of net inflows worth $220.7 million.Profit-taking and long-term holders’ distribution have been calm, strengthening the bullish momentum.ETH could stretch its rally to $2,750 if it holds above $2,431.Ethereum (ETH) is up 8% on Friday, extending its rise above $2,500, its highest level since mid-April.After its recent short squeeze, the top altcoin has seen strong interest from US-based investors.US spot ETH exchange-traded funds (ETFs) are on track to record their best week in 2026 after the products saw $220.7 million in…
US Treasury yields continue their recovery following the announcement of a bond buyback by the US Department of the Treasury, while data reveal that business activity remains solid despite a slowdown in manufacturing.Yields rise as strong services activity offsets Treasury buyback supportUS Treasury yields across the whole curve rose, with the 2-year Treasury yield – the most sensitive to changes to the Fed funds rate – rising five basis points (bps) to 4.24%, while the 10-year benchmark note, rose almos three bps to 4.474%.The US 30-year bond yield continued to grab headlines on major financial news websites, ending the week…
Bitcoin (BTC) is showing early signs of a potential shift in market conditions, with key on-chain signals flipping bullish.CryptoQuant contributor Darkfost said Bitcoin’s Bull Score has returned to bullish territory for the first time since October 2025, signaling a potential shift in its market regime. The indicator crossed the 60 threshold, which separates bullish and bearish territory. Darkfost noted that the score failed to reach this level even in May, when Bitcoin broke above $82,000.“This is the first time the Bitcoin Bull Score has moved back into bullish territory (≥60) since October 2025,” Darkfost stated in a Friday report.Bitcoin Bull…
The Mexican currency appreciates to levels last seen in May 2024 as the USD/MXN falls to a two-year low as the US Dollar tumbles even though business activity in the services sector improved. The exotic pair trades at 16.92, down 0.22% for the week and 0.50% for the week.USD/MXN weakens on soft US Dollar and carry supportOn Friday, sentiment improved as a tailwind for the emerging market currency, which is also supported by the carry trade, due to a 275-basis-point interest rate differential in favour of the Mexican Peso against the Greenback. The latter, according to the US Dollar Index…
investingLive Americas FX news wrap 21 Aug: Trump folds on beef tariffs. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
A surprise Treasury buyback rewrote the week for the dollar, gold, and Bitcoin, while a Strait of Hormuz standoff kept oil and equities on edge throughout. Source link
DBS economists Taimur Baig and Radhika Rao expect the Bank of Korea (BoK) to raise its base rate by 25bps to 3.00% at the August meeting, alongside upgraded Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts. They highlight stronger-than-expected first-half growth, persistent core inflation and rising housing prices, but also note a hawkish hold is possible as financial conditions tighten and South Korean Won (KRW) appreciates.Rate hike with inflation concerns”We expect the Bank of Korea to raise the base rate by a further 25bps to 3.00% at this meeting, alongside an upgrade to its annual macroeconomic forecasts.””There is…
Nasdaq and S&P indices are settling between risk/bias defining MAs as the week comes to a close !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link