March 7, 2025 12:01 pm
Key moments USD/CAD off Thursday’s 1 1/2-week low amid ongoing US tariff uncertainty CAD has limited scope to appreciate – analyst US, Canadian employment data sets in focus The USD/CAD currency pair rebounded from recent 1 1/2-week low of 1.4237 on Friday ahead of the release of US and Canadian employment data sets. Meanwhile, confusion […]
Read moreMarch 7, 2025 11:57 am
Key moments Pound Sterling Gains: GBP advances against the USD, approaching 1.2940 ahead of key US economic data. BoE Dissent: Catherine Mann argues against gradual policy easing amid heightened market volatility. USMCA Tariff Exemptions: President Trump postpones tariffs on certain goods from Canada and Mexico. GBP Tests 1.2940 as Markets Weigh BoE Dissent, USMCA Changes, […]
Read moreMarch 7, 2025 10:00 am
Key moments CAD experienced increased volatility on Thursday as market participants reacted to the shifting landscape of U.S. tariff policies. In intraday trading, CAD briefly surged by 0.7% against the USD before settling to a gain of approximately 0.2%. The USD/CAD pair approached its 50-day Exponential Moving Average (EMA) at the critical 1.4300 price level. […]
Read moreMarch 7, 2025 9:46 am
Key moments The EUR/USD pair is sustaining gains near its four-month peak of 1.0853, which was reached on March 7th. The U.S. Dollar is experiencing weakness as Treasury yields decline, driven by growing expectations of dovish policy adjustments from the Federal Reserve. The European Central Bank implemented a 25 basis point rate cut, but President […]
Read moreMarch 7, 2025 9:15 am
Key moments USD/NOK hovers above lows not seen since early November 2024 US employment data in focus amid ongoing US tariff uncertainty Norway manufacturing production shrinks in January The USD/NOK currency pair hovered just above a fresh four-month trough on Friday, as market players remained wary ahead of the release of the US Non-Farm Payrolls […]
Read moreMarch 7, 2025 7:52 am
Key moments Bitcoin failed to stay above the $90,000 threshold on Friday. The 5.7% drop, testing $85,000, followed the $92,000+ surge Bitcoin experienced on Thursday. The U.S. government’s strategic Bitcoin reserve, intended to stabilize the market, instead fueled uncertainty. Major funds like BlackRock and Grayscale reported substantial withdrawals, and the significant outflows from Bitcoin spot […]
Read moreMarch 7, 2025 7:09 am
Key moments Anticipation of US Nonfarm Payrolls: Traders exhibit caution leading up to the release of the US Nonfarm Payrolls report, resulting in a decline in the AUD. Impact of Global Trade Dynamics: Fluctuations in the AUD are influenced by China’s trade data, United States-Mexico-Canada Agreement tariff exemptions, and ongoing geopolitical tensions. Australian Economic Indicators […]
Read moreMarch 6, 2025 2:26 pm
Key moments Over $5.37 billion in XRP moved within 24 hours, coinciding with reports of its inclusion in the U.S. crypto reserve. Whale addresses added 1.34 billion XRP, worth approximately $3.26 billion. XRP active addresses skyrocketed by 620%, and speculation of an XRP ETF approval in 2025 is growing. XRP Trading Volume Has Exploded, With […]
Read moreMarch 6, 2025 2:19 pm
Key moments The European Central Bank (ECB) reduces its Deposit Facility rate by 25 basis points (bps) to 2.5%. Japanese Yen (JPY) strengthens as 10-year Japan Government bond (JGB) yields reach a 15-year high. EUR/JPY pair finds temporary support near 159.20 after intraday decline. Currency Pair Reacts to Diverging Monetary Policies and Bond Yield Movements […]
Read moreMarch 6, 2025 1:53 pm
Key moments Ethereum successfully remained above the $2,250 mark on Thursday A key indicator of renewed confidence was the reversal of a ten-day outflow trend, with data showing $20 million in spot inflows. Stability concerns surfaced when Ethereum faced technical challenges with its Pectra upgrade, but developers quickly resolved a bug on the Sepolia testnet. […]
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