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The FOMC statement and presser sure did a number on major USD pairs! Will talks of a Fed rate hike continue to push XAU/USD higher for the rest of the week? In case you missed it, the Fed officially dropped hints of…

Electricity demand worldwide could double over the next three years, mainly due to cryptocurrency mining and artificial intelligence. How will crypto keep up? AI and cryptocurrencies accounted for almost 2% of global electricity demand in…

AUD/USD is flirting with an established range support ahead of the Fed's event! Earlier today, Australia's Q4 2023 CPI come in waaay lower than the markets had expected at a 3.4% annual rate after a 4.3% reading in Q3. A 3.4%…

Industry analysts expect Charles Schwab may venture into offering a proprietary spot Bitcoin exchange-traded fund (ETF). According to RIABiz and other media outlets, analysts speculate that the firm — which offers investment products and…

This week’s calendar was action packed, prompting our FX strategists to focus on shorter-term ideas and very specific fundamental and technical triggers. We think it was a net neutral performance week with only one day where our…

It was another busy week for FX traders with inflation updates and plenty of central bank catalysts on the calendar, creating a challenging environment. So our strategists focused mainly on shorter-term ideas, which we’d argue was net…

© Reuters. Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.InvestingPro subscribers always get first dibs on market-moving AI analsyt comments.Bank of America upgrades AppleApple Inc…

USD/JPY is trading almost 300 pips higher from its weekly open prices. And that's after already pulling back down by 50 pips! In case you were paying attention to other FX pairs, you should know that the U.S. dollar has been…

Weaker-than-expected U.K. labor market data got traders selling the British pound today. In case you just tuned in to the newswires, you should know that the U.K. just dropped a pretty weak set of labor market numbers for the…

The USDCAD is making a break to the upside. In the process, the price of the USDCAD is moving above its 50% retracement level at 1.33971 and the high of a swing area at 1.3408. If the buyers mean business, staying above the 50% would keep…