May 23, 2025 9:37 am
Key Moments: The EUR/USD pair surged 0.6% and above 1.1340 on Friday, marking the euro’s highest level since early May. Germany’s Q1 GDP growth now stands at 0.4% on strong consumption and investment activity. Markets forecast that the ECB will initiate interest rate cuts in early June. Euro Strength Supported by Germany’s Surprising Momentum The […]
Read moreMay 23, 2025 8:47 am
Key Moments: April retail sales in the UK rose by 1.2%, exceeding forecasts of 0.3%. Ofgem is reducing the UK’s energy price cap by 7%. The sterling experienced a notable climb of 0.53% to 1.3489 on Friday GBP/USD Breaches 1.3480 The sterling managed to reach its highest valuation in several years on Friday, with 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 11:54 am
Key Moments: The euro slid 0.26% against the greenback on Thursday. May witnessed the Eurozone’s Composite PMI dip to 49.5, exerting pressure on the EUR/USD. The Dollar Index rose 0.12% following news of Trump’s tax and spending bill being passed in the US House. Euro Tumbles After PMI Data Signals Economic Contraction The euro lost […]
Read moreMay 22, 2025 6:49 am
Key Moments: Bitcoin rallied to record-high figures above $111,000 on Thursday. The surge followed progress on the stable coin-focused GENIUS Act bill’s backing by the Trump administration. Institutional appetite grew, with Strategy purchasing $765 million in Bitcoin this week. Bitcoin Jumps Past Previous Peak Amid Legislative Tailwinds Bitcoin climbed beyond the $111,000 mark on Thursday. […]
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 11:38 am
The AUD/NZD currency pair hovered above a fresh 1 1/2-week low of 1.0826 on Wednesday, after a widely anticipated 25 basis-point rate cut by the Reserve Bank of Australia, which was accompanied by concerns over domestic and global headwinds that could dampen the country’s economic outlook. The central bank said quarterly data indicated that inflationary […]
Read moreMay 21, 2025 7:46 am
Key Moments: The British pound advanced toward 1.35 on Wednesday. Annual inflation in the UK came in at 3.5%, exceeding expectations and curbing BoE rate cut likelihood. The US Dollar Index dropped below the 100 threshold as trade tensions between Washington and Beijing continued to pressure the greenback. Sterling Rallies After Inflation Surge The British […]
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 2:00 pm
Key Moments: Tuesday witnessed Bitcoin reverse gains achieved earlier in the trading session that were fueled by momentum from a new congressional bill. The cryptocurrency failed to hold above $107,000 despite an attempted breakout. Senate’s GENIUS Act advanced with bipartisan support, moving closer to a full vote. Bitcoin’s Surge to $107,000 Halts Bitcoin gave up […]
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