May 28, 2025 9:19 am
Key Moments: The EUR/USD struggled to find its footing on Wednesday after sliding below 1.1300. Sentiment favored the US dollar after President Trump delayed tariffs on imports sourced from the EU. The euro was pressured by solid US data and weak Eurozone confidence figures. Euro Remains Under Pressure The EUR/USD pair declined for the second […]
Read moreMay 28, 2025 6:34 am
Key Moments: The S&P/NZX 50 Index declined 1.75%, closing at 12,362.26 on Wednesday. The Reserve Bank of New Zealand cut its official cash rate to 3.25%. Infratil Limited was at the bottom of the index as it dropped by 5.94%. Rate Cut Weighs on New Zealand Equities Equity markets in New Zealand finished lower on […]
Read moreMay 27, 2025 12:54 pm
Key Moments: Harmony Gold is planning to acquire MAC Copper for $12.25 per share. MAC Copper shares jumped 17.34% to $11.91 in pre-market trading. Harmony Gold’s stock cratered, falling 10.42% to $14.19. Harmony Gold Shares Slide After $1.03B MAC Copper Deal Announcement South Africa’s Harmony Gold Mining has moved forward with its plans to acquire […]
Read moreMay 27, 2025 7:34 am
Key Moments: The yen surrendered earlier gains against the dollar on Tuesday, with the USD/JPY jumping 0.6% to 143.66. The 30-year JGB yield dropped 12.5 basis points to 2.91%, hitting its lowest level since May 14th. Meanwhile, the 40-year yield fell to 3.435%. Japan’s Ministry of Finance is reportedly considering reducing the issuance of long […]
Read moreMay 23, 2025 2:11 pm
Key Moments: India’s foreign exchange reserves dropped by $4.9 billion to $685.73 billion last week. The Indian rupee advanced 0.87% against the greenback. India’s 10-year government bond saw its yield decrease by 2 basis points. FX Reserves Decline Sharply Figures published by the Reserve Bank of India on Friday showed that during the week ending […]
Read moreMay 23, 2025 1:28 pm
Key Moments: Apple shares fell 3.7% during pre-market trading following President Donald Trump’s latest tariff threats. The company could face a 25% tariff on iPhones not produced in the United States. Analyst Dan Ives referred to Trump’s plan as a “fairy tale” and expects a full transition to domestic manufacturing to take five to ten […]
Read moreMay 23, 2025 7:27 am
Key Moments: Dow and S&P 500 futures fell 0.1% and 0.14%, respectively, before rebounding slightly near flat levels. E-mini contracts in the Nasdaq 100 fell 0.24% Investor concern surrounding last week’s US credit downgrade by Moody’s persisted. PMI Data Suggests Growth but Futures Dip on Buildup of Economic Doubts US equity futures declined as the […]
Read moreMay 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, […]
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