Japanese Yen Outlook: Markets Prioritise CPI Beat over Lower Trending Prices

Markets continue to favour the carry trade despite officials’ warnings around FX intervention. Inflation beat expectations but has declined every month since October

from DailyFX – Market News https://ift.tt/Y2UzOe1
via IFTTT

Bitcoin (BTC/USD) Hits $57k, Ethereum (ETH/USD) Touches $3,275 as Buyers Dominate the Market

The cryptocurrency market cap is currently just over $2.13 trillion, up nearly 7% yesterday, as the market turned a sea of green on heavy buying

from DailyFX – Market News https://ift.tt/qphclgG
via IFTTT

Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE

This article evaluates the short-term outlook for gold prices, examining various scenarios that may unfold later in the week following the release of U.S. core PCE data.

from DailyFX – Market News https://ift.tt/ao0VOrG
via IFTTT

US Dollar Eyes US PCE for Cues on Fed Path; EUR/USD, USD/CAD, USD/JPY Setups

This article examines possible scenarios for the U.S. dollar ahead of key U.S. PCE data, scrutinizing the technical outlook for three major FX pairs: EUR/USD, USD/CAD and USD/JPY.

from DailyFX – Market News https://ift.tt/QHpaDE1
via IFTTT

Ethereum Spot ETF – The Next Cab Off the Rank?

Following the recent successful launch of more than ten Bitcoin ETFs, the investment community has turned its attention to the second-largest cryptocurrency by market capitalization, Ethereum (ETH).

from DailyFX – Market News https://ift.tt/8JynPgq
via IFTTT