May 23, 2025 6:42 am
Key Moments: The Australian dollar rebounded 0.4% against the greenback as long-term treasury yields fell. Reserve Bank of Australia Governor Michele Bullock expressed openness to additional rate cuts. The US Dollar Index dropped 0.33% to 99.563 on Friday. Greenback Retreats Amid Political and Fiscal Uncertainty The AUD/USD advanced by 0.4% on Friday, reaching 0.6436 as […]
Read moreMay 22, 2025 12:49 pm
Key Moments: Analog Devices reported a fiscal Q2 profit of $569.8 million, $267.6 higher than last year’s figure. Revenue hit $2.64 billion, a 22% increase that beat analyst expectations of $2.51 billion. The company’s shares jumped 3.2% during pre-market trading on Thursday. Strong Quarter Amid Semiconductor Rebound Chip manufacturing giant Analog Devices delivered a robust […]
Read moreMay 22, 2025 8:33 am
Key Moments: May saw Germany’s Composite PMI Output Index drop to 48.6. Manufacturing PMI reached a 33-month high at 48.8, despite remaining below the growth threshold of 50. The DAX Index slipped by almost 200 basis points on Thursday. Services Contraction Drags Germany’s Economy Germany’s private sector economy fell back into contraction territory in May, […]
Read moreMay 22, 2025 7:48 am
Key Moments: Brent crude futures declined below $64 on Thursday. WTI also lost ground, with its contracts hitting $60.69. An unexpected 1.3 million barrels were added to US crude inventories last week. Oil Craters on Major US Stock Build Crude oil futures plummeted on Thursday, weighed down by a notable rise in US crude and […]
Read moreMay 21, 2025 12:38 pm
Key Moments: EUR/USD surged by 0.4% on Wednesday. President Trump could not to gain Republican support for a new $3-$5 trillion tax-cut proposal. The euro rose following Trump’s commentary on a potential Russia-Ukraine ceasefire. EUR/USD Extends Rally as Dollar Faces Persistent Headwinds The euro climbed sharply against the US dollar on Wednesday, with the EUR/USD […]
Read moreMay 21, 2025 9:59 am
Key Moments: Dow Jones, S&P 500, and Nasdaq 100 futures declined around 0.6% on Wednesday The US dollar hit its lowest value in two weeks as investors scrutinized government debt and policy signals. Tariff-related concerns continue to fuel bullish outlook. Futures Slip as Market Optimism Fades US equity futures were under pressure on Wednesday as […]
Read moreMay 21, 2025 7:06 am
Key Moments: The USD/JPY dropped 0.65% and below the 143.60 mark on Wednesday. Ongoing optimism for a US-Japan trade agreement and geopolitical concerns boosted safe-haven demand for the yen amid export growth decline. Bolstered expectations of Fed rate cuts and renewed US-China trade tensions weighed on the dollar. Yen Continues Climb as Policy Expectations Diverge […]
Read moreMay 20, 2025 1:29 pm
Key Moments: Canada’s CPI rose 1.7% year-over-year in April compared to the 2.3% increase reported the previous month. Core CPI, excluding food and energy, climbed 2.5% YoY and 0.5% MoM The CAD appreciated 0.15% against the greenback following Tuesday’s CPI data publication. Inflation Eases as Energy Costs Drop Canada’s annual inflation rate cooled in April, […]
Read moreMay 20, 2025 11:30 am
Key Moments: Home Depot shares rose 3% in premarket trading on Tuesday, reversing prior-day losses and reaching $391. Q1 net sales totaled $39.86 billion, beating analyst expectations of $39.24 billion, with adjusted EPS meeting forecasts at $3.56. Comparable store sales declined 0.3% overall, US figures edged up by 0.2%. Stronger-Than-Expected Top Line Offsets Dip in […]
Read moreMay 20, 2025 7:36 am
Key Moments: The Reserve Bank of Australia (RBA) implemented a 25-basis-point rate cut amid mounting downside risks to the economy. The Australian dollar dropped to 0.6415 following the central bank’s policy decision. Growing political uncertainty and recent global economic developments have contributed to the AUD/USD pair’s decline. AUD/USD Slips to 0.6415 Tuesday saw the Australian […]
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