Sterling Extends Gains has surged in European trade on Friday, continuing its upward trajectory against a basket of major currencies and reaching a 30-month high against the dollar. This marks the third consecutive session of gains and sets the stage for the largest weekly profit in a month, fueled by robust economic data from the …
Sterling Extends Gains to 30-Month High After Strong Data Read More »
Bitcoin Reaches experienced a significant surge on Friday, climbing to a three-week high and positioning itself for a potential fourth consecutive day of profits. With prices nearing the $65,000 mark, the cryptocurrency market is witnessing a renewed risk appetite, largely fueled by the Federal Reserve’s recent aggressive interest rate cut. Recent Price Movements As of …
Bitcoin Reaches 3-Week High After Aggressive US Rate Cut Read More »
Yen Hovers On Monday, the USD/JPY pair rose by 0.4%, reaching 144.46 yen per dollar, following a session-low of 143.68. This decline comes after the yen closed down 0.9% against the dollar on Friday, marking a significant drop to two-week lows. Such movements highlight the ongoing struggle of the yen amidst fluctuating economic signals. Comparative …
Yen Hovers Near Two-Week Low Amid Political Developments Read More »
Dollar Moves in a climbed higher in European trade on Monday, marking its second straight day of gains after rebounding from 14-month lows. This positive movement comes as U.S. 10-year Treasury yields rise, signaling increased investor confidence in the dollar. As traders anticipate the release of crucial U.S. manufacturing and services data for September, the …
Dollar Moves in a Positive Zone Ahead of Key US Data Read More »
Brent Back Off crude oil prices retreated in American trade on Monday, marking the second consecutive session of declines after reaching two-week highs. This drop was primarily driven by active profit-taking and growing concerns over global oil demand as industrial data from major economies painted a bleak picture of future growth. In this article, we’ll …
Brent Back Off Two-Week High on Global Demand Concerns Read More »
Ethereum Rallies, along with many other cryptocurrencies, experienced a notable rally this week, gaining 4% in value. This surge followed a shift in investor sentiment, largely triggered by the Federal Reserve’s recent policy decisions. As risk appetite grew after the Federal Reserve’s interest rate cuts, investors looked to speculative assets like cryptocurrencies for potentially higher …
