April 30, 2025 1:53 pm
Key Moments: Canada’s real GDP fell by 0.2% in February, partially reversing January’s 0.4% gain. Industries relating to goods production contracted by 0.6%, driven by declines in mining and construction. In total, 12 out of Canada’s 20 industrial sectors experienced a contraction. After dipping to 1.3821 earlier on Wednesday, the USD/CAD exchange rate has stabilized […]
Read moreApril 30, 2025 1:15 pm
Key Moments: Wednesday saw Bitcoin’s price reach $95,181. Bitcoin’s weekly volatility was at its lowest in years, according to K33 Research. Exchange deposits of Bitcoin have seen a notable decrease, signaling reduced sell pressure and growing investor conviction. In contrast, BlackRock’s Bitcoin ETF registered $970 million in inflows on April 29, its second-largest daily haul […]
Read moreApril 30, 2025 12:04 pm
Key Moments: Eurozone GDP climbed 0.4% in Q1 2025, outperforming forecasts and doubling the previous quarter’s rate Ireland led quarterly growth with a 3.2% expansion. Germany exited recession with 0.2% growth The EUR/USD pair fell 0.17% on Wednesday. Economic Momentum Rebounds Across the Eurozone As revealed by the latest Eurostat data, the Eurozone’s economy expanded […]
Read moreApril 30, 2025 9:46 am
Key Moments: The US Dollar Index advanced for a second straight session, hovering around the 99.40 threshold. Two-year yields rose 3.66%, while ten-year yields experienced a climb of 4.16%. March job openings sank, dropping to 7.19 million. Q1 GDP growth is expected to slow significantly to 0.4% YoY. Greenback Extends Strength as Bond Yields Stabilize […]
Read moreApril 29, 2025 3:02 pm
Key Moments: EUR/USD slipped near 1.1390 during Tuesday’s North American session as the Dollar stabilized. ECB policymakers Rehn and Villeroy supported additional interest rate cuts to combat weak inflation potential. Spain’s Q1 GDP data missed forecasts, with inflation reaching 0.6% against expectations of 0.7%. Euro Pressured by ECB Dovish Tone The euro declined slightly against […]
Read moreApril 29, 2025 1:52 pm
Key Moments: US-listed Bitcoin ETFs attracted more than $3 billion in net inflows last week. The momentum did not slow on Monday, as SoSoValue data suggests daily inflows reached $591.3 million. Bitcoin was volatile on Tuesday, hovering around the $95,000 mark. Institutional Demand Shows no Signs of Waning A massive influx of institutional cash saw […]
Read moreApril 29, 2025 10:39 am
The USD/SGD currency pair hovered above a 1-week low of 1.3060 on Tuesday, as the Singapore Dollar advanced, tracking gains in other Asian currencies, after the Trump administration signaled a potential rollback of auto tariffs. The US intends to ease levies on foreign parts used in US-made vehicles and prevent overlapping duties on imported autos. […]
Read moreApril 28, 2025 1:59 pm
Key Moments: China’s Foreign Ministry confirmed that contrary to earlier statements issued by Trump, no recent calls between Xi Jinping and the US president have occured. Guo Jiakun stated that no consultations or negotiations on tariffs have been undertaken. The US Dollar Index fluctuated on Monday and fell 0.11% to 99.476. China Responds to Trump’s […]
Read moreApril 28, 2025 1:19 pm
Key Moments: ProShares Trust will launch several XRP ETFs on April 30th: Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF. The SEC did not object to ProShares Trust’s ETF plans. XRP’s price rose by 3.31%. ProShares Wins SEC Approval for XRP Futures Funds In a notable development for the digital asset space, […]
Read moreApril 28, 2025 11:48 am
Key Moments: Bitcoin hit $95,523 on Monday during a 1.87% rally. Over $3.06 billion in net inflows into US Bitcoin ETFs were observed over the past week. A weakening dollar may be contributing to investors’ pivot toward Bitcoin. Bitcoin Breaches $95,500 Amid $3.06B Inflow Into Bitcoin ETFs On Monday, Bitcoin experienced an upward trajectory of […]
Read more