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
Nvidia Shares Decline Amid Intensifying Competition in AI Chip Market On Tuesday, Nvidia’s stock experienced a significant drop, declining by up to 5%, amid escalating competition in the artificial intelligence (AI) chip sector. This downturn in Nvidia’s market performance coincides
Pound Sterling Weakens Amid Rising Expectations of June BoE Rate Cut The Pound Sterling (GBP) displayed marginal declines but remained largely steady, hovering above the 1.2600 mark during Monday’s European trading session. The GBP/USD pair exhibited limited movement as market
China Reports Slight Increase in Forex Reserves, Unveils New Technology Lending Initiative China’s foreign-exchange reserves experienced a modest increase in March, as revealed by the State Administration of Foreign Exchange. Concurrently, the People’s Bank of China has announced a significant
AUD/JPY Nears 99.90 Amid Expectations of RBA Holding Rates Steady The Australian Dollar/Japanese Yen (AUD/JPY) exchange rate has shown a significant uptrend, reaching nearly 99.90 during Monday’s European trading session. This bullish trend in the currency pair is largely driven
Japanese Yen Loses Most Early Gains, Falling from Two-Week High Against USD The Japanese Yen (JPY), after reaching a two-week peak against the US Dollar (USD) during Friday’s Asian trading session, started to recede, trimming its early substantial gains to
RBNZ Expected to Maintain Steady Rates Amid Financial Instability Next Week The Reserve Bank of New Zealand (RBNZ) faces a pivotal decision at its upcoming policy meeting on Wednesday, where it’s widely anticipated that they will maintain the current interest
EUR/USD Declines Toward 1.0830 Amid Market Caution, Attention on US NFP Data The Euro to Dollar exchange rate (EUR/USD) continues its downward trajectory that began on Thursday, approaching a value near 1.0830 during the Asian trading session on Friday. This
WTI Holds Near Multi-Month High, Above $85 per Barrel West Texas Intermediate (WTI) U.S. Crude Oil has exhibited signs of a bullish market, maintaining a strong position in a narrow trading range during Thursday’s Asian trading session. The commodity’s prices
Kugler from the Fed Suggests Reducing Interest Rates in the Current Year May Be Suitable Adriana Kugler, a Federal Reserve Governor, has indicated that the U.S. could see a reduction in inflation without a significant impact on employment or economic
Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains As Tuesday’s trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory, marking a notable development in the U.S. stock market.