Dollar Backs Off on Thursday, the dollar retreated in European trade, pulling back from two-week highs against a basket of major rivals. This decline was driven by active profit-taking and a tapering off of US treasury yields. The market now focused on the upcoming US GDP growth data for the first quarter and unemployment claims …
Dollar Backs Off Two-Week High Ahead of US Growth Data Read More »
Oil Price Hit gained ground in American trade on Tuesday, on track for a third consecutive session of profits, hitting a one-week high as the dollar weakened. US crude is poised to trade above $80 a barrel again, driven by strong expectations that OPEC+ will extend its production cuts through the second half of 2024 …
Oil Price Hit One-Week High as the Dollar Loses Ground Read More »
Gold Driven Lower prices fell on Wednesday as the dollar strengthened against most major currencies, accompanied by a surge in US treasury yields. This trend comes ahead of crucial economic data releases, including US GDP growth for the first quarter and personal spending data, which is the Federal Reserve’s preferred inflation measure. Gold’s Decline As …
Dollar Edge Down has been on a downward trajectory, edging down on Tuesday as markets brace for critical U.S. and euro zone inflation data later this week. This data is crucial as it could significantly impact the monetary policy outlooks of major central banks. Interestingly, the dollar is on the verge of experiencing its first …
Cryptoverse Miners Trudge world of bitcoin mining has been nothing short of a roller coaster ride in recent times. Following the much-anticipated bitcoin halving event, miners are now navigating a landscape where mining rewards have been slashed, difficulty levels are through the roof, and shiny new bitcoin exchange-traded funds (ETFs) are diverting investor capital. Despite …
Cryptoverse Miners Trudge Through Post-Halving World Read More »
Sunaks As Britain prepares for the upcoming election on July 4, the financial sector, particularly in the City of London, is cautiously optimistic. Business leaders are hoping for a new government that will provide stability and address the challenges that have plagued the industry over the past years. Despite the likelihood of the Labour Party …
Sunaks Brings Hope to Britain’s Bruised Financial Sector Read More »
Bitcoin Tumbles experienced a sharp decline of nearly 3% on Tuesday, hitting one-week lows amidst significant selling pressures. This downturn follows the MT Gox platform’s substantial transfer of bitcoins, which has stirred market anxieties and impacted overall sentiment in the cryptocurrency space. Bitcoin’s Recent Performance On Tuesday, Bitcoin’s value fell by $1930 at Bitstamp, settling …
Bitcoin Tumbles Nearly 3% Under Selling Pressures Read More »
Gold Rebounds prices have seen a significant rebound in European trade on Monday, extending their gains for a second consecutive day after reaching two-week lows. This recovery comes as the US dollar loses ground, influencing the dynamics of the gold market. Understanding these movements is essential for investors and market watchers looking to navigate the …
Yen Moves recently shown a positive trend, gaining ground against major currencies in the Asian market. This movement comes as Japan’s 10-year treasury yields hit a significant high, creating a more favorable economic environment for the yen. Understanding these dynamics is crucial, especially given the complex interplay between treasury yields and currency strength. Current Yen …
Yen Moves in a Positive Zone as Japanese Treasury Yields Rally Read More »
Sterling Retreats in European trade on Friday, the British pound experienced a decline against major currencies, particularly the US dollar, as investors reacted to dismal UK economic data. This retreat marks the second consecutive day of losses for the pound, signaling a departure from its recent two-month high. UK Economic Data Retail Sales Decline Implications …
