March 10, 2025 10:37 am
Key moments XRP experienced a sharp decline, with its value falling by 7% and dipping below the $2.20 mark. Market anxieties, compounded by wider crypto market downturns and global economic uncertainties, contributed to the significant price reduction. During Monday’s trading session, XRP’s price reached a low of $2.0887. A substantial $730 million outflow from XRP’s […]
Read moreMarch 10, 2025 10:15 am
Key moments NZD/USD pair gains ground, reaching approximately $0.5740, driven by a weakening US dollar. Escalating trade tensions between the US and China, with retaliatory tariffs taking effect, impact market sentiment. US economic uncertainty, highlighted by Federal Reserve concerns and weaker than expected job data, puts pressure on the US dollar. NZD/USD Climbs 0.63% within […]
Read moreMarch 10, 2025 10:05 am
Key moments The 10-year Japanese Government Bond (JGB) yield reached 1.575%, a level unseen since October 2008. The 5-year JGB yield increased by 4 basis points, settling at 1.16%. JPMorgan Chase & Co. has adjusted its year-end forecast for the 10-year JGB yield from 1.55% to 1.70%. JGB Yields React Positively to Wage Data and […]
Read moreMarch 10, 2025 9:49 am
Key moments USD/NOK touches lows not seen since mid-October 2024 US CPI, PPI data in focus amid ongoing US tariff uncertainty Norway CPI inflation rises to 3.6% in February – highest since April 2024 The USD/NOK currency pair plummeted to a fresh 21-week low on Monday, after data revealed a sharp acceleration in Norwegian consumer […]
Read moreMarch 10, 2025 9:17 am
Key moments The ringgit appreciated to 4.4085/4210 against the US dollar, up from 4.4110/4145 at the previous Friday’s close. The US Dollar Index (DXY) fell to 103.830 points, paving the way for further ringgit appreciation. The ringgit also strengthened against the pound sterling, reaching 5.7011/7172 from 5.7070/7115 last Friday. Malaysian Ringgit Appreciates amid US Economic […]
Read moreMarch 10, 2025 7:53 am
Key moments Bitcoin’s price plummeted below $83,000 on Monday, briefly touching $80,200. A massive liquidation event saw $240 million in Bitcoin positions closed, but whales have accumulated 22,000 BTC in just three days. Many crypto enthusiasts were disappointed in Trump’s crypto reserve as it lacked plans for new purchases. Monday’s Trading Session Saw Bitcoin Dip […]
Read moreMarch 10, 2025 7:07 am
Key moments Escalating trade disputes contribute to market uncertainty, particularly with the U.S. and Canada. Chinese economic data, revealing a decline in consumer price index and previously released disappointing trade figures, raises concerns about economic stability. Despite a weakening U.S. dollar, the yuan experiences downward pressure, highlighting specific vulnerabilities within the Chinese economy. Trade Tensions […]
Read moreMarch 7, 2025 2:58 pm
Key moments The euro has surged against the dollar this week, climbing over 4.5% in its most significant rise since 2009. The EUR/USD pair traded at 1.0866, marking a 0.76% increase as of 16:22 GMT+2. Financial institutions are revising their forecasts, moving away from predictions of euro-dollar parity. Euro Gains Momentum Amidst Economic Shifts, Climbs […]
Read moreMarch 7, 2025 2:00 pm
Key moments The Mexican peso strengthened, appreciating 0.45% in 24 hours. The USD/MXN pair fluctuates between 20.2800 and 20.3000 at press time. Tariff postponement fueled the peso’s rise. President Trump’s decision to delay USMCA tariffs allowed investors to reassess positions, contributing to the peso’s upward trajectory. Driven by Improved U.S.-Mexico Relations and a Crucial Tariff […]
Read moreMarch 7, 2025 12:44 pm
Key moments Litecoin’s price plummeted below $98 on Friday, driven by its exclusion from the U.S. Crypto Strategic Reserve, sparking bearish sentiment. Litecoin’s value has rebounded from its previous lows, now fluctuating between $104 and $105. Addresses holding large LTC quantities accumulated 440,000 coins, indicating a strategic buying opportunity during the price dip. Litecoin Surges […]
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