The US President, Donald Trump, held a press conference in the Oval Office in Washington. He discussed trade deals with China, tariffs, and the acquisition of US Steel by Nippon Steel.Key highlights:Nippon Steel could be part of trade talks with … [Continue reading]
Dow Jones crashes over 500 points as UnitedHealth tanks, Trump slams Powell for delayed cuts
UnitedHealth plunges as much as 23% after slashing full-year guidance, dragging healthcare sector and Dow lower.Trump criticizes Powell’s hesitation, praises ECB rate cut, calls Fed “too late” as inflation fears persist.Powell flags difficulty in … [Continue reading]
Gold remains firm near all-time highs while US makes progress in trade talks
Gold price retraces to near $3,310 as US President Trump signaled progress in trade talks with Japan and Mexico.The US-China dignity war will keep the downside of the Gold price limited.US-Japan trade talks and Fed Powell’s hawkish remarks have … [Continue reading]
EUR: Consensus cut, no guidance by ECB – ING
We expect a 25bp rate cut by the ECB today. Consensus is unanimous, and markets are fully pricing in the move, so the impact on the euro may prove limited, ING's FX analyst Francesco Pesole notes. Tactical target for EUR/USD is at 1.15 "We don’t … [Continue reading]
Australian Dollar moves little following mixed employment figures
The Australian Dollar stagnated as Employment Change came in at 32.2K, against the consensus forecast of 40K.Australia’s Unemployment Rate rose to 4.1% in March, slightly below the market forecast of 4.2%.The US Dollar received support due to … [Continue reading]
New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
New Zealand’s Consumer Price Index (CPI) rose 2.5% YoY in the first quarter (Q1) of 2025, compared with the 2.2% increase seen in the fourth quarter of 2024, according to the latest data published by Statistics New Zealand on Thursday. … [Continue reading]
EUR/USD Price Forecast: Door remains open to extra gains near term
EUR/USD made a U-turn and approached the ley 1.1400 mark.The US Dollar resumed its decline and hovered over three-year lows.US Retail Sales surprised to the upside in March.The Euro (EUR) managed to regain steam on Wednesday, revisiting the area of … [Continue reading]
BoC Governor Macklem speaks on outlook after leaving rates unchanged
Bank of Canada (BoC) Governor Tiff Macklem outlines the central bank’s policy outlook and addresses questions from reporters after the BoC kept its policy rate at 2.75%, as broadly anticipated.[embedded content]This section below was published at … [Continue reading]
Germany 30-y Bond Auction: 2.83% vs previous 3.11%
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]
ZKsync suffers security breach; hackers steal $5 million worth of ZK tokens
ZKsync, an Ethereum layer-2 scaling solution, reported on Tuesday that its admin wallet was compromised.The hacker minted 111 million unclaimed ZK tokens worth $5 million.The ZK token price dipped nearly 19% and closed at a 5% loss.ZKsync (ZK), an … [Continue reading]