Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the … [Continue reading]
US August CPI expected to rise steadily as markets reassess Fed rate hike bets
The US Bureau of Labor Statistics (BLS) will publish the August Consumer Price Index (CPI) data on Friday. The report is expected to show a small decline in annual core inflation. Any divergence from analysts’ estimates could influence the Federal … [Continue reading]
Euro retreats from weekly highs against British Pound as UK data beats expectations
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June. These figures reflect a 0.2% increase in Industrial Production, reversing June's 0.2% … [Continue reading]
British Pound holds steady above 1.3500 ahead of US CPI inflation release
The GBP/USD pair trades on a flat note near 1.3510 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the key US August Consumer Price Index (CPI) inflation report later on Friday. The US Producer Price … [Continue reading]
WTI blasts past $100 as Red Sea, Hormuz risks collide
West Texas Intermediate (WTI), the US crude Oil benchmark, rises more than 7% as attacks in the Middle East intensify, driving WTI above the $ 100-per-barrel barrier for the first time since May 2026. At the time of writing, WTI trades at $103.86 … [Continue reading]
Japanese Yen: Defensive Yen as BoJ turns hawkish – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/JPY is edging higher as the Japanese Yen trades defensively after its sharp late-August rally. The Bank of Japan’s messaging is described as unequivocally hawkish ahead of a … [Continue reading]
Breaking: European Central Bank raises key rates by 25 bps as expected
The European Central Bank (ECB) announced on Thursday that it raised key rates by 25 basis points (bps) following the September meeting, as expected. With this decision, the interest rate on the main refinancing operations, the interest rates on the … [Continue reading]
European Central Bank to resume interest rate hikes in September as inflation, energy risks rise
The European Central Bank (ECB) is expected to raise the interest rate on the Main Refinancing Operations and the Deposit Facility by 25 basis points (bps) to 2.65% and 2.50%, respectively. The ECB will announce the decision on Thursday at 12:15 … [Continue reading]
United States Dollar Index weakens ahead of critical US inflation reports
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth consecutive day and trading around 98.70 during Asian hours on Thursday.Market participants are closely watching … [Continue reading]
Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally
Bitcoin (BTC) has continued to recover from its mid-year weakness, outperforming major traditional assets over the past month, amid strong resistance around the $83,000 to $86,000 range.Bitcoin struggles against $86K resistanceBTC gained 23% over the … [Continue reading]