WTI Falls Below $74 Amid OPEC+ Plans to Reduce Production Cuts West Texas Intermediate (WTI) oil prices continued their downward trend for the fifth consecutive day, trading at approximately $73.90 per barrel during the Asian trading session on Tuesday. This
China’s Yuan Falls Despite Gains Across Asian Markets On Tuesday, the Chinese yuan experienced a decline against the dollar, diverging from the general upward trend seen in other Asian currencies. This occurred despite a broader weakening of the greenback, influenced
Asian Stocks Fall; India’s Index Plunges 8% Asian shares declined on Tuesday, with significant movement seen in India’s Sensex, which plunged by up to 8%. The sharp decline came as investors opted to sell shares and secure profits following exit
Australian Dollar Stagnant as US Dollar Rises Before ISM PMI The Australian Dollar (AUD) maintained its stability as investors adopted a cautious stance ahead of the upcoming release of the ISM Manufacturing PMI in the United States on Monday. The
Japan’s Q1 Capex Increase Hints at Positive GDP Revision In the January-March period, Japanese companies increased their investment in plant and equipment, driven by a rise in demand for automobiles and efforts to streamline operations. This uptick in capital expenditure
USD/CAD Dips Below 1.3650 Ahead of US/Canada PMI Data The USD/CAD currency pair displayed a slight downward trend in early Monday trading in the European session, hovering around 1.3625. This movement was primarily driven by a weakening US Dollar following
Pound Sterling Dips Amid Uncertainty Before US Core PCE Data The Pound Sterling (GBP) is facing downward pressure in Friday’s early London trading session, as its recovery from a four-day low near 1.2680 seems to have lost momentum. The GBP/USD
Tokyo Inflation Rises, Aligning BOJ with Potential Rate Hike Inflation in Tokyo saw a notable uptick in May, with consumer prices excluding fresh food climbing by 1.9%, according to data from the Ministry of Internal Affairs. This increase, which aligns
USD/CAD Nears 1.3700 Before US PCE, Canada GDP Data The USD/CAD pair is seeing a rebound, trading near 1.3690 during Friday’s Asian session, after halting its recent downtrend. This comes as the US Dollar strengthens in anticipation of the release
WTI Nears $79 as Key US Economic Data Looms In the Asian trading session on Thursday, West Texas Intermediate (WTI) crude oil fell slightly to around $79.00 per barrel. Traders are closely monitoring upcoming economic reports, including today’s US Crude
Yen Surpasses Threshold Suspected to Trigger Intervention The yen recently fell to a four-week low, touching 157.71 before slightly recovering to 157.39 per dollar, demonstrating the ongoing challenges Japan faces in its attempts to stabilize its currency through market interventions.
European Futures Decline Amidst Rising Yields and Market Downturn European stock markets appeared poised to mirror the declines seen in Asia, as rising US Treasury yields near this year’s peak continued to restrain risk appetite among investors. The Euro Stoxx