May 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 […]
Read moreMay 15, 2025 1:56 pm
Key Moments: Switzerland’s GDP rose by 0.7% in 2025’s first quarter. USD/CHF declined to 0.8362 on Thursday, reversing the previous day’s upward movement. US April PPI dropped more than expected, reinforcing pressure on the US Dollar despite an uptick in Retail Sales. Swiss Economy Records Faster Growth in Q1 Switzerland’s economy expanded by 0.7% in […]
Read moreMay 15, 2025 1:31 pm
Key Moments: The US Producer Price Index declined 0.5% in April, marking its first monthly drop in over a year. Core wholesale prices (excluding food and energy) slipped 0.4% from March and rose 3.1% year-over-year. Retail sales in the US edged up 0.1% in April to $724.1 billion, slightly ahead of expectations. The US Dollar […]
Read moreMay 15, 2025 9:45 am
Key Moments: The Eurozone’s annual GDP jumped 1.2%. Growth was also recorded in Q1 2025, but the 0.3% figure fell below the initial 0.4% estimate. The EUR/USD pair rose to 1.1210. Traders remained cautious ahead of key US data reports. Eurozone Economic Updates Emerge Europe’s economy registered a 0.3% quarterly expansion in the first quarter […]
Read moreMay 15, 2025 6:59 am
Key Moments: The UK’s GDP expanded 0.7% quarter-over-quarter in the first three months of 2025, beating market expectations. March monthly GDP increased 0.2% even though analysts had expected no growth. The GBP/USD pair rose above the 1.3200 mark. Solid Start to 2025 for the UK Economy The UK posted stronger-than-expected economic growth in the first […]
Read moreMay 14, 2025 12:00 pm
Key Moments: The pound lost ground to the euro, with the EUR/GBP rate reaching 0.8416. Investors await upcoming UK GDP data amid uncertain growth outlook. Recent labor market data indicated a decrease in employment. Pound Falls Back Amid Growth Concerns On Wednesday, the British pound declined versus the euro, interrupting a seven-day stretch of appreciation. […]
Read moreMay 14, 2025 10:49 am
Key Moments: The EUR/USD advanced by 0.51% on Wednesday. Meanwhile, the US Dollar Index dipped 0.42% as April’s headline CPI rose just 2.3% Commentary by Francois Villeroy de Galhau indicated optimism about a potential ECB rate cut before the end of summer. Euro Extends Gains as Dollar Slides The EUR/USD currency pair managed to climb […]
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