Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
UK regulators move to ban crypto loans, citing systemic economic risks
UK regulators have proposed a nationwide ban on crypto-backed loans amid rising concerns over macroeconomic risks.The FCA flagged lending growth in decentralized finance (DeFi) as a threat to consumer protection and financial stability.The proposed … [Continue reading]
Breaking: US Nonfarm Payrolls rise by 177,000 in April vs. 130,000 expected
Nonfarm Payrolls (NFP) in the US rose by 177,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 185,000 increase (revised from 228,000) reported in March and came in better than analysts' estimate of … [Continue reading]
USD/CAD Price Analysis: Bears now ready to give up yet; US NFP report awaited
USD/CAD attracts fresh sellers on Friday and is pressured by a combination of factors.A further recovery in Crude Oil prices underpins the Loonie and weighs on the major.The USD retreats from a multi-week high and further contributes to the intraday … [Continue reading]
Japanese Yen bounces off multi-week low against USD; lacks bullish conviction amid dovish BoJ
The Japanese Yen reverses an Asian session dip to a fresh multi-week low against the USD. The BoJ’s dovish outlook and a positive risk tone might cap the upside for the safe-haven JPY.Traders might also refrain from placing aggressive bets ahead of … [Continue reading]
South Korea Consumer Price Index Growth (YoY) meets forecasts (2.1%) in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
US Dollar Index rises above 100.00 ahead of Nonfarm Payrolls
The US Dollar Index trades slightly higher above 100.00 ahead of key labor data.Momentum remains fragile despite modest intraday strength.Manufacturing activity softens, jobless claims surprise to the upside.Traders await Nonfarm Payrolls and … [Continue reading]
Pound Sterling trades lower against US Dollar after US Manufacturing PMI data
The Pound Sterling ticks lower to near 1.3300 against the US Dollar as the latter struggles to extend recovery.US-China trade uncertainty will likely keep investors on their toes.BoE officials stress the need to discount trade war risk in monetary … [Continue reading]
GBP/USD Forecast: Pound Sterling remains fragile ahead of US data
GBP/USD holds above 1.3300 following a two-day slide.US stock index futures trade decisively higher in the European session.The pair could stretch lower if 1.3275 support fails.GBP/USD staged a rebound and stabilized above 1.3300 after falling toward … [Continue reading]
US Dollar Index (DXY) advances to two-week high near 99.75; not out of the woods yet
The USD scales higher for the third straight day amid hopes for a US-China trade deal.Signs of a faltering US economy and aggressive Fed rate cut bets should cap the buck.Traders now look to US macro data for some impetus ahead of the US NFP on … [Continue reading]