April 23, 2025 12:53 pm
Key moments This week witnessed renewed investor enthusiasm that decisively pushed Bitcoin past the $90,000 threshold. At press time, the cryptocurrency is trading near the $93.700 mark. More than $560 million in short positions were wiped out amid this rally. Significant capital flowed into US Bitcoin ETFs, with net inflows reaching $936 million. Bitcoin Steady […]
Read moreApril 23, 2025 11:13 am
Key moments The EUR/USD pair experienced a decline on Wednesday, dropping to 1.1396. Renewed hopes of a solution to tariff conflicts propelled the US dollar. The Eurozone’s Composite PMI registered at a multi-month low of 50.1 in April. EUR/USD Retreats Amid Weak Eurozone Data The euro extended its losses against the US dollar on Wednesday, […]
Read moreApril 23, 2025 10:55 am
The USD/ZAR currency pair hovered just above a fresh 3-week low of 18.4876 on Wednesday, as the Rand remained firm against a broadly weaker US Dollar after the latest CPI data out of South Africa. Annual consumer price inflation in South Africa has eased to 2.7% in March from 3.2% in February, against market consensus […]
Read moreApril 23, 2025 8:31 am
Key moments The USD/JPY pair is now hovering close to the 142.00 mark. This followed an earlier surge past the 143.00 threshold, which marked the yen’s lowest valuation against the dollar in months. The US Dollar Index was boosted by positive news regarding potential trade negotiations, but lingering concerns regarding the US economy’s stability exerted […]
Read moreApril 22, 2025 2:37 pm
Key moments The EUR/USD pair fell 0.28% on Tuesday, reaching 1.1480. The US Dollar Index (DXY) continues trading below 99.000 as trade disagreements and the public dispute between President Trump and Fed Chair Powell exerted pressure on markets. The IMF has decided to cut its economic growth forecast for the Eurozone, lowering it to 0.8%. […]
Read moreApril 22, 2025 12:19 pm
Key moments Bitcoin surpassed the $88,600 level on Tuesday. US Bitcoin ETFs started off the week with substantial inflows of $381 million. A struggling US dollar contributed to Bitcoin’s appeal. Bitcoin ETFs Record Largest Inflow Since January as Institutional Appetite Returns Bitcoin’s annoyed upward trajectory on Tuesday, with the leading cryptocurrency breaching the $88,600 mark, […]
Read moreApril 22, 2025 8:24 am
Key moments The US Dollar Index fell to 98.310 on Tuesday. Treasury yields rose, with the 10-year yield surpassing 4.4% and the 30-year yield exceeding 4.9%. The AUD/USD pair climbed 0.14% to 0.6425. Greenback’s Decline Continues, Australian Dollar Soars The US dollar extended its downward spiral on Tuesday, hitting fresh multi-year lows as political uncertainty […]
Read moreApril 20, 2025 4:10 pm
The GBP/CAD currency pair settled below recent high of 1.8496, its strongest level since April 4th, after the latest inflation data out of the United Kingdom and the Bank of Canada’s policy decision. The Pound faced downward pressure this week following a softer-than-anticipated UK inflation reading. Annual inflation rate in the UK has slowed to […]
Read moreApril 20, 2025 12:13 pm
The GBP/CHF currency pair settled above recent low of 1.0609, its weakest level since September 29th 2022, after the latest inflation data out of the United Kingdom. In the meantime, optimism surrounding the progress in trade negotiations between the United States, Japan and Italy prompted investors to pare flows into safe haven assets such as […]
Read moreApril 20, 2025 10:32 am
The GBP/NZD currency pair settled above Friday’s low of 2.2184, its weakest level since February 26th, after the latest inflation data prints out of the United Kingdom and New Zealand. The Pound faced downward pressure this week following a softer-than-anticipated UK inflation reading. Annual inflation rate in the UK has slowed to 2.6% in March […]
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