Euro Under faced significant pressure in European trade on Monday, retreating from three-week highs against the US dollar. This downturn marks the first loss in eight days, driven by profit-taking and the unexpected outcomes of the final round of the French parliamentary elections. Election Surprises and Market Impact Election Results France’s leftist New Popular Front …
Euro Under Pressure After French Elections Chaos Read More »
Copper Declines prices fell on Monday as the dollar stabilized against most major rivals. This decline follows new measures announced by China’s environment ministry regarding refined copper and aluminum imports. These measures are part of China’s efforts to improve supply, industrial competitiveness, and reduce industrial carbon emissions. Market Performance on Monday On Monday, copper prices …
Brent Backs crude oil prices fell in American trade on Monday, pulling back from three-month highs as traders took profits. This decline was driven by fading concerns about Hurricane Beryl’s impact on US crude facilities and a spate of weak economic data from the US and China. These factors combined to depress prices further, signaling …
Brent Backs Off Three-Month High on Profit-Taking Read More »
Gold Prices Fall experienced a notable decline on Monday, falling over 1% as traders took profits and the dollar edged up against most major rivals. This movement comes ahead of a critical week featuring Federal Reserve Chair Jerome Powell’s Congressional testimony and the release of crucial US consumer prices data for June. These events are …
Pound Touches the aftermath of the recent French elections, the pound sterling has surged against the euro, reaching a notable high not seen in weeks. This article delves into the implications of this currency movement and the factors driving it. Overview of Recent Events Labour’s Victory and its Immediate Effects on GBP Labour’s decisive victory …
Pound Touches Three-Week High vs Euro After France Vote Read More »
Franc Hovers tumbled in European trade on Thursday against a basket of major rivals, resuming losses against the US dollar and nearly hitting five-week lows. This decline follows the release of Swiss inflation data, which indicated weak price pressures that may prompt further interest rate cuts by the Swiss National Bank (SNB). The Price The …
Bitcoin Skids to experienced a sharp decline on Thursday, hitting two-month lows and marking the third consecutive session of losses amid a heavy selloff. The looming repayments to debtors by the Mt. Gox platformwhich collapsed after a massive hack in 2014, are fueling market concerns. Prices Bitcoin fell by 5.7% on Bitstamp today, reaching $56,748, …
Sterling Hit soared in European trade on Friday, extending its gains for the fourth consecutive session against the dollar and hitting three-week highs following a historic victory by the UK Labor Party in the general elections. Sterling’s Recent Performance The pound has been on an upward trajectory, particularly against the US dollar. Today, the GBP/USD …
Sterling Hit Three-Week High After Historic Win by UK Labor Party Read More »
Bitcoin Skid tumbled to a five-month low on Friday, marking its fourth consecutive loss and setting the stage for its heftiest weekly loss since 2022. The downturn comes amid a heavy selloff, exacerbated by looming repayments from the Mt. Gox platform. Bitcoin’s Recent Performance Bitcoin’s price has been on a downward trajectory, dropping 6.1% on …
Bitcoin Skid to Five-Month Trough Up for Repayments Read More »
Labor Win recent landslide victory of the Labor Party in the UK elections marks a significant shift in the country’s political landscape. This change comes with substantial implications for various sectors, especially the oil and gas industry. As the Labor Party returns to power after 14 years, its policies and manifesto commitments are poised to …
Labor Win in the UK Entail for the Oil and Gas Industry Read More »
