May 18, 2025 8:53 am
The GBP/NOK currency pair settled below Friday’s high of 13.8755, its strongest level since May 2nd, after the release of the latest GDP growth data out of both the UK and Norway. The Norwegian economy contracted 0.1% quarter-on-quarter in Q1 of 2025, after a revised down 0.9% decline in the preceding quarter. The GDP contraction […]
Read moreMay 17, 2025 4:01 pm
The EUR/NOK currency pair settled above recent low of 11.5420, its weakest level since April 4th, after the release of the latest GDP growth data out of both the Euro Area and Norway. The Norwegian economy contracted 0.1% quarter-on-quarter in Q1 of 2025, after a revised down 0.9% decline in the preceding quarter. The GDP […]
Read moreMay 17, 2025 11:57 am
The EUR/MXN currency pair settled above recent low of 21.6176, its weakest level since March 26th, in the wake of the Mexican central bank’s policy decision and the latest GDP growth data out of the Euro Area. Banco de México lowered its key policy rate by 50 basis points to 8.50% at its May meeting, […]
Read moreMay 17, 2025 10:18 am
The GBP/MXN currency pair settled above recent low of 25.6523, its weakest level since March 14th, in the wake of the Mexican central bank’s policy decision and the latest GDP growth data out of the UK. Banco de México lowered its key policy rate by 50 basis points to 8.50% at its May meeting, since […]
Read moreMay 17, 2025 8:26 am
The CHF/MXN currency pair settled above recent low of 22.9761, its weakest level since April 3rd, in the wake of the Mexican central bank’s policy decision and the latest GDP growth data out of Switzerland. Banco de México lowered its key policy rate by 50 basis points to 8.50% at its May meeting, since Mexico’s […]
Read moreMay 16, 2025 2:46 pm
Key Moments: Benchmark 10-year Treasury yield declined to 4.394%. April witnessed US single-family housing starts slip 2.1% due to tariffs and elevated mortgage rates. Multi-family construction picked up, however, climbing by 10.7%. The US Dollar Index recovered to 101.014, poised for a weekly gain. Bond Market Reacts to Housing Weakness US Treasury yields dropped on […]
Read moreMay 16, 2025 1:30 pm
Key Moments: XRP fell to $2.4 after a proposed $50 million settlement in an ongoing SEC case was rejected by the court on procedural grounds. Judge Torres ruled Ripple and the SEC’s motion was invalid due to failure to invoke Federal Rule of Civil Procedure 60. Both parties plan to refile the motion properly in […]
Read moreMay 16, 2025 10:39 am
The CHF/NOK currency pair edged lower on Friday, paring gains from the prior trading day, as fading global trade tensions weighed on demand for safe-haven currencies such as the Swiss Franc. Yesterday the exotic Forex pair surged more than 1% after the release of the latest GDP growth data out of both Switzerland and Norway. […]
Read moreMay 16, 2025 7:35 am
Key Moments: BlackRock’s IBIT ETF reached $64.697 billion in assets on Thursday. The fund surpassed Strategy’s $59.146 billion gold ETF, signaling shifting institutional priorities Bitcoin’s price appreciated on Friday, reaching $104,006. Momentum in Crypto Markets Friday saw Bitcoin regain momentum after recent depreciation, with the cryptocurrency’s price climbing 0.21% to $104,006. This surge of interest […]
Read moreMay 16, 2025 6:55 am
Key Moments: USD/CAD extends decline, dipping over 0.10%. Stronger oil prices have pressured the pair The chances of a Fed rate cut went up following the disclosure of US economic data on Thursday. Price Action Faces Resistance Below 1.4000 The USD/CAD resumed its downturn for a second straight session on Friday, slipping to 1.3938 and […]
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