The Daily Bullion: crypto sinks as oil clears $100
Crypto opens deep in the red with XRP down 9.75% and XTZ off 9.61%, while USOil rallies 2.9% back above $100. The dollar firms into the session.
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Crypto opens deep in the red with XRP down 9.75% and XTZ off 9.61%, while USOil rallies 2.9% back above $100. The dollar firms into the session.
The Fed's rate decision, UK CPI, US retail sales and New Zealand GDP fill the next 24 hours. Forecasts, previous readings and the currencies that matter.
A broad crypto rally led the US close as Stellar surged 9.2% and XRP added 7.8%, while gold, silver and crude all slipped.
Stellar jumped 9.2% and XRP 7.8% as crypto rallied, while a firmer dollar pressured EUR/USD, gold and oil into the London close.
UK CPI y/y lands 16 Sept at 06:00 UTC, forecast 3.1% versus 2.9% prior. Here's what the release measures and how GBP pairs are trading now.
GBP eased across the board after the UK Claimant Count Change release at 06:00 UTC, with GBPCHF leading the softer move. A descriptive market reaction.
Crypto opens firm with Stellar up 9.23% and XRP up 7.75%, while gold, silver and oil ease and the dollar edges higher against the majors.
The next 24 hours center on UK labour data at 06:00 UTC, with the Claimant Count Change and Average Earnings both in focus for sterling.
Brent and WTI ran higher into the New York close while the Nasdaq 100 led US equities lower and Tezos spiked over 10%.
Brent and WTI led the session up more than 2% while the Nikkei sank 2.6%. European bourses firmed as Nasdaq futures lagged. XTZ surged.
The Canadian dollar barely moved after Canada's September CPI release at 12:30 UTC, with AUDCAD showing the largest of a set of muted shifts.
Canada's CPI m/m lands at 12:30 UTC on Sep 14, forecast -0.1% versus 0.5% prior. Here's what the inflation print measures and how CAD pairs are trading.