Japanese Yen’s rally continued in today’s Asian session, breaking through 148 mark against Dollar. This rise raises questions about the reaction of Japanese Finance Minister Shunichi Suzuki, particularly in light of his previous comments during Yen’s decline this year. Suzuki had described the decline as “one-sided” and driven by “speculations.” The current volatility, contrasting the
Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed shares were up around 2%
The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash. In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argued OFAC’s decision to sanction the privacy protocol was
Share: Nataxis research is out with a note detailing how long-running supply and demand imbalances in the Eurozone are going to keep rates higher for longer than most markets are currently expecting. The state of supply and demand for goods and services in the eurozone In the recent period (since the start of 2023), insufficient
The AUDUSD moved higher in the early Asian session and in the process extended above the top of a ceiling area between 0.6500 and 0.65229. The momentum above that level took the price to a high of 0.65625 before stalling over the last 5 hours with that level as a new ceiling. Buyers are in
The USD moved lower today – only outpaced by the CAD as the weakest of the major currencies. The JPY was the strongest. The strongest to the weakest of the major currencies Over the weekend Pimco said they were moving into the JPY on expectations that the Bank of Japan would start to tighten. The
Brent and U.S. crude futures climbed more than 2.5%, gaining $2 a barrel on Monday, as further supply cuts in OPEC+ production are expected in the coming weeks. Brent crude futures were up $2.19 to $82.80 a barrel by 10:32 a.m. CT (1632 GMT). U.S. West Texas Intermediate crude was up $1.98, or 2.6% at
Japanese Yen’s remarkable rally has become a focal point in the currency markets today. It’s strength is extending into US session. This surge is not an isolated event but a reflection of broader shifts in global monetary policy expectations. A crucial factor propelling Yen upwards is the increasing speculation that BoJ would finally abandon its
Crypto media platform CoinDesk was acquired by crypto exchange Bullish on Nov. 20, according to a report published in the Wall Street Journal (WSJ). The crypto exchange is headed by former New York Stock Exchange president Tom Farley. The media platform said that former Wall Street Journal editor-in-chief Matt Murray will chair an independent editorial committee
Share: “With inflation halved we can now look forward to the future economy we want to build,” United Kingdom (UK) Prime Minister Rishi Sunak said on Monday. Additional quotes We believe in cutting taxes carefully and sustainably. Our approach starts with controlling inflation. We have met our commitment to halve inflation. To develop the economy we
EURUSD trades above and below the 50% midpoint The EURUSD has continued to move up and down as the trading week comes to an end. Recall from Tuesday, the parable sharply higher after the lower-than-expected CPI data. That took the price up to a high of 1.0867. On Thursday, the price extended above that level
USD/JPY daily chart The pair just touched a low of 148.20 on the day, its lowest level in six weeks, as the dollar is finding it tough to stay afloat in the new week. The drop continues the downside momentum from last week after USD/JPY fell past the 150.00 mark and is now sliding further,
A slight uptick in the US bond yields negated the advantage of the fall in the dollar index (DXY) as gold traded with minor gains in the early trade on Monday. Taking cues from the international prices, MCX December gold futures opened with small gains and were trading at Rs 60,713 per 10 gram in
Dollar’s selloff intensified in today’s Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 mark, signaling the prospect for further decline. Yen’s strength was mirrored by Chinese Yuan, while the Australian and New Zealand
Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Wolfgang Rattay | Reuters Siemens Energy has secured 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government, hours before announcing a nearly 5 billion euro loss for its fiscal year. The German economy ministry announced late on Tuesday that
Argentina’s Bitcoin (BTC)-friendly Javier Milei won the country’s presidential run-off election on Nov. 19, beating out his opponent Sergio Massa. With almost 99% of the vote counted, Milei won over 55% of the votes with a nearly 3 million vote lead according to Bloomberg data. Massa, the country’s minister of economy, called Milei to congratulate
Share: Stock Market Report: Analysis and trading strategies: NASDAQ, Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL.Stock Market Summary: Expecting further upside this week, as we are not at the end of this current trend. We are however in the later stages of the trend, so managing
The GBPUSD is trading below the 200H MA/38.2% retracement Like the EURUSD (see post here), the GBPUSD moved sharply higher on Tuesday helped by the weaker CPI data. That took the pair above its 200-day moving average currently at 1.2443, and 38.2% of the move down from the July high at 1.2458. The high price