EUR/USD Drops Near 1.0600 as Fed Rate Hike Expectations Grow EUR/USD has dropped to near 1.0610, marking its sixth consecutive session of decline, amid trading in the Asian markets on Tuesday. The strong US Dollar, buoyed by rising US Treasury
Australian Dollar Nears Key Level Before US Retail Sales Data The Australian Dollar (AUD) saw a modest rebound on Monday, pulling away from its eight-week low of 0.6456 set last Friday. However, the AUD/USD pair faced resistance as traders gravitated
Japan’s Machinery Orders Surge, Potentially Easing Domestic Demand Worries In February, Japan’s crucial measure of capital investment, core machinery orders, saw its largest increase in a year, indicating a robust recovery from a decline the previous month. This uplift could
NZD/USD Holds Near 0.5950 as Business NZ PSI Enters Contraction The NZD/USD has made a slight recovery from its five-month trough of 0.5927, observed on Monday, stabilizing around 0.5950 in the Asian trading session. This modest rebound occurs amidst a
WTI Remains Under $85.50 Amid Concerns Over Inflation Western Texas Intermediate (WTI), the benchmark for U.S. crude oil, lingered around $85.00 per barrel on Friday, reflecting a subdued trading environment amid inflationary concerns. The price of WTI dipped slightly as
Solana’s MarginFi Faces Major Withdrawals Following CEO’s Resignation In a dramatic series of events, MarginFi, a Solana-based borrowing and lending platform, has experienced substantial withdrawals amounting to over $260 million within just two days. This mass exodus was triggered by
European Stock Futures Rise, Gold Reaches New High European stock futures advanced on Friday, contrasting with declines in Asian markets, as global investors responded to a diverse set of influences ranging from U.S. inflation data to geopolitical tensions in the
China’s March CPI Inflation Eases to 0.1%, Below 0.4% Forecast In March, China’s Consumer Price Index (CPI) experienced a marginal year-over-year increase of 0.1%, a notable deceleration from the 0.7% growth observed in February. This rise fell short of market
Dollar Strengthens, Yen Weakens as Bets on Fed Rate Cut Decline On Thursday, the U.S. dollar exhibited robustness following the release of U.S. inflation data that surpassed expectations. This data dampened the previously held anticipation of the Federal Reserve commencing
USD/CHF Rises Above 0.9100 Before US PPI Data In the early European session on Thursday, the USD/CHF currency pair exhibited a bullish momentum, climbing to 0.9125, marking its highest level since October 2023. This upward trend in the pair is
WTI Drops to $84.70 Amid Gaza Ceasefire Talks, US CPI Data Anticipation Western Texas Intermediate (WTI), the benchmark for US crude oil, is currently trading near $84.60, marking its fourth consecutive day in the red. This decline is influenced by
Chinese Investments in Australia Fall to AUD 1.34 Billion, Down 36% – Study In 2023, Chinese investment in Australia witnessed a significant decrease, plunging 36% to AU$1.34 billion from AU$2.1 billion in the previous year. This downturn is highlighted in