US Fed clarifies process for banks to transact in stablecoins By Reuters

© Reuters. FILE PHOTO: The U.S. Federal Reserve building in Washington, D.C./File Photo By Hannah Lang (Reuters) -State banks that are a member of the U.S. Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central

Gold (XAU/USD) Remains Subdued as the DXY Continues to Advance

GOLD PRICE FORECAST: For the Full Q3 Outlook on Gold Prices, Download the Guide Below Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead? Gold prices remain subdued with the 50-day MA capping any potential move to the upside with the help

Key earnings after the close

The earnings season is almost over although Disney will release earnings tomorrow and Nvidia was scheduled to release later in the month. For today, the major releases showed: Lyft Inc (LYFT) BEAT: Q2 2023 USD: Adj. EPS 0.16, exp. -0.01, Revenue 1.02bln, exp. 1.02bln. Take-Two Interactive Software Inc (TTWO) MISS: Q2 2023 USD: EPS -1.22,

Yen Weakens On Broad USD Gains, Japanese Households Curb Spending

USD/JPY Analysis, Chart, and Price USD/JPY closes in on June Peaks Weaker Chinese trade data has given the Dollar a lift Japanese demand weakness also knocked the Yen Recommended by David Cottle Download our Free Q3 Japanese Yen Forecast The Japanese Yen fell further against the United States Dollar on Tuesday, chiefly thanks to a

Asia FX falls on weak Chinese trade data, dollar strengthens By Investing.com

© Reuters. Investing.com — Most Asian currencies fell on Tuesday as disappointing Chinese trade figures weighed on sentiment, while the dollar advanced amid uncertainty over the Federal Reserve and anticipation of key inflation readings this week. Government data showed that both Chinese and shrank at their fastest pace since the 2020 COVID-19 pandemic, pointing to

USD/MXN advances amid global risk-aversion and strong US Dollar

Share: USD/MXN rises 0.30% on Tuesday amidst a risk-off impulse. Chinese economic woes spurred by imports and exports plunging weakened the Mexican Peso. Upcoming Mexican inflation data on Wednesday could shed some light on the Bank of Mexico’s next monetary policy decision. USD/MXN gained traction on Tuesday as risk-aversion triggered outflows from the

Breakdown Potential Gathers on Trendline Rejection

EUR/USD Analysis Recommended by Richard Snow How to Trade EUR/USD German Inflation Steadies in July but the Job is Far from Done German inflation met expectations, rising 6.2% year-on-year as forecasted, with a month-on-month rise of 0.3%. The data comes after the EU experienced a second successive month where core inflation printed at 5.5% and