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Forex Today: US Dollar rises on resilient labor data, while Oil and Gold fall
The US Dollar Index (DXY) rises toward 100.80, gaining around 0.3% as stronger-than-expected United States labor-market data supports the Greenback. US Initial Jobless Claims fell to 208K, below expectations of 217K and the previous 216K.
Fxstreet
Thu, Jul 16
Ripple and Stellar outlook: XRP and XLM rebound as bearish momentum weakens
Ripple (XRP) and Stellar (XLM) trade higher on Thursday as both altcoins extend their recovery after defending key support levels earlier this week. XRP is up more than 2% so far this week, while XLM has rebounded after finding support around $0.177.Fxstreet
Thu, Jul 16
Forex Today: US Dollar extends decline as softer PPI lifts major currencies and Gold
The US Dollar Index (DXY) falls 0.5% toward 100.40 as softer-than-expected United States (US) wholesale inflation reinforces signs that price pressure is easing. The headline Produce Price Index (PPI) declined 0.3% MoM in June, while the annual rate slowed to 5.5%, below the 6.2% forecast.Fxstreet
Wed, Jul 15
Euro picks up favoured by a weaker US Dollar but remains within previous ranges
The Euro (EUR) extends gains for the second consecutive day against the US Dollar (USD) on Wednesday, but remains trapped within the trading range seen over the last three weeks, with upside attempts capped below the 1.1470-1.1480 area so far.Fxstreet
Wed, Jul 15
US Dollar Index Price Forecast: Remains below 101.00 near ascending channel bottom
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day, trading around 100.80 during the early European hours on Wednesday.Fxstreet
Wed, Jul 15
Euro gains as softer US inflation weighs on US Dollar
EUR/USD trades higher near 1.1420 on Tuesday as the US Dollar (USD) weakens following softer-than-expected United States (US) inflation data. The Euro’s recovery remains mainly driven by broad Greenback selling rather than Eurozone developments.Fxstreet
Tue, Jul 14
Ripple Price Forecast: XRP decline targets $1.00 support
Ripple (XRP) remains in a dominant bearish trend, trading at $10.08 as of Monday. This marks the third straight day the remittance token has extended its correction, with targets at the next key support levels of $0.04 and $1.00, respectively.Fxstreet
Mon, Jul 13
Taiwan Dollar: Policy-driven flows temper losses against US Dollar – OCBC
OCBC’s Christopher Wong reports that recent Taiwan Dollar (TWD) weakness is moderating, partly due to Central Bank of the Republic of China (CBC) guidance that banks execute large USD sell orders immediately, bringing forward natural supply.
Fxstreet
Thu, Jul 9
Ripple Price Forecast: XRP mildly rebounds amid steady retail interest
Ripple (XRP) exhibits a subtle rebound outlook, trading near $1.10 at the time of writing on Thursday. The headwinds in the crypto market are largely attributable to mounting investor uncertainty amid renewed tensions in the Middle East.Fxstreet
Thu, Jul 9
Dogecoin Forecast: DOGE risks sliding below $0.07 despite returning retail interest
Dogecoin (DOGE) edges lower toward support at $0.07 at the time of writing on Wednesday. The meme coin reflects a broader sell-off in the crypto market, primarily attributed to uncertainty over tensions in the Middle East.
Fxstreet
Wed, Jul 8
Forex Today: US Dollar steadies as Williams keeps inflation caution alive
The US Dollar Index (DXY) trades near the 101.00 area, recovering modestly after two days of running in place as investors digest softer US labor data and cautious comments from Federal Reserve (Fed) officials.Fxstreet
Tue, Jul 7
XRP Price Forecast: XRP extends losses, shrugging off Ripple's MiCA license approval
Ripple (XRP) edges lower while trading around $1.13 at the time of writing on Tuesday. The remittance token upholds a broader bearish bias, attributed to softening retail interest and the lack of strong catalysts to prevent rallies from being sold as investors appear to prefer short-term gains.Fxstreet
Tue, Jul 7
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