Ethereum Climbs by experienced a notable rise on Friday, gaining nearly 5% amid a mixed performance by high-risk assets following important US inflation data. Despite this upward movement, the cryptocurrency is set to close the week with losses. Here’s a detailed look at the factors influencing Ethereum’s recent performance and the broader market context. Ethereum’s …
Ethereum Climbs by Nearly 5% But Registers Weekly Losses Read More »
Oil Price Slide to six-week lows, with Brent crude trading below $80 per barrel. This decline marks the third consecutive weekly loss for oil prices, driven by mounting concerns over weakening demand from China. As Chinese authorities strive to bolster economic performance through aggressive measures, the oil market is reacting to the drop in Chinese …
Oil Price Slide to Six-Week Trough on Chinese Demand Concerns Read More »
Dollar Moves has resumed its downward trend in European trade on Friday, slipping against a basket of major rivals. This decline comes as markets fully price in expected Federal Reserve rate cuts in September and November. Investors are now eagerly awaiting the release of US personal spending data for June, which will provide crucial insights …
Dollar Moves in a Negative Zone Ahead of US Spending Data Read More »
Yen Marks has displayed a remarkable performance this week, approaching 2-⅕ month highs against major currencies. This surge is primarily driven by traders unwinding carry trades ahead of the upcoming Bank of Japan (BOJ) meeting, coupled with growing inflationary pressures in Japan and anticipated interest rate cuts by the Federal Reserve (Fed). Yen’s Impressive Performance …
Yen Marks Stunning Weekly Performance After Unwinding Read More »
Yens Stunning Rise remarkable surge on Thursday against major currencies has significantly disrupted global markets. Extending its gains against the dollar, the yen scaled a 2-⅕ month high, leading to heavy selloffs, especially in the tech sector. This upheaval comes as traders rush to unwind carry trades before the Bank of Japan’s (BOJ) upcoming meeting, …
US Unemployment Claims are a crucial metric for understanding the health of the labor market. Recently, US unemployment claims fell to 235,000 for the week ending July 20, down from 245,000 in the previous week and below estimates of 237,000. This data is vital for economists and policymakers, as it provides insights into the economy’s …
US GDP Grows economy has exceeded expectations with a robust GDP growth rate of 2.8% for the second quarter of the year. This performance not only surpassed the forecasted 2.0% but also marked a significant improvement from the 1.4% growth recorded in the first quarter. Let’s delve into the details of this impressive economic expansion …
US GDP Grows More Than Expected in Second Quarter Read More »
Gold Upends prices took an unexpected dip on Thursday, falling to two-week lows and breaching the psychological barrier of $2,400 per ounce. This downturn has defied most market expectations, primarily driven by a dramatic surge in the Japanese yen. The yen’s rapid gains have caused significant turbulence in financial markets, affecting various assets, including gold …
Yen Rally Triggers has sent shockwaves through global financial markets. On Thursday, the yen surged over 1% against the US dollar, breaking the critical 155 yen per dollar level and surpassing the 100-day moving average for the first time since mid-March. This unexpected strength has disrupted various asset classes, from Japanese stocks to gold and …
Euro Rebounds gained ground in European trade on Thursday against a basket of major rivals, marking its first profit in three days. This rebound comes amid hopes of a reduced interest rate gap between Europe and the US, buoyed by recent weak US data that increased the likelihood of Federal Reserve rate cuts in September …
Euro Rebounds Amid Concerns About the Interest Rate Gap Read More »
