NZD/USD rises toward 0.5894, snapping a two-day losing streak while holding within weekly range.Stronger NZ Business PMI and higher RBNZ inflation expectations support the Kiwi.DXY trades flat ahead of US consumer sentiment data, as weak US … [Continue reading]
NZD/USD: Under mild downward pressure – UOB Group
New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang … [Continue reading]
ECB’s Kazaks: Meeting-by-meeting approach is right
Gold price struggles to capitalize on the previous day's strong recovery move from the $3,120 region, or the lowest level since April 10, and attracts some sellers during the Asian session on Friday. The US-China trade truce for 90 days has eased … [Continue reading]
Tornado Cash co-founder to face trial as DOJ proceeds with case
The DOJ is moving on with its case against Tornado Cash co-founder Roman Storm, according to a Thursday filing.Storm is charged with money laundering and sanctions violations.The filing comes amid the department's recent memo to drop crypto-related … [Continue reading]
Dow Jones gains ground as equities turn optimistic post-PPI beat
The Dow Jones climbed around 250 points on Thursday as sentiment continues to improve.US PPI inflation eased faster than expected in April, but future risks remain.UoM sentiment survey results are in the barrel for Friday.The Dow Jones Industrial … [Continue reading]
AUD/USD Price Forecast: The hunt for 0.6500 and beyond
AUD/USD added to recent losses and put the 0.6400 level to the test.The US Dollar traded slightly on the back foot on mixed US data, trade.Australia showed a solid jobs report in April. Inflation Expectations eased in May.AUD/USD slipped under … [Continue reading]
EUR/USD gives back some early gains as US-China trade relations improve
EUR/USD surrenders some of its initial gains as the US Dollar bounces back due to an improvement in US-China trade relations.Beijing has rolled back non-tariff measures on 45 US entities.The EU is prepared with countermeasures if trade talks with the … [Continue reading]
EUR/GBP holds positive ground above 0.8400 after UK GDP data
EUR/GBP trims recent gains to around 0.8430 in Thursday’s early European session.UK preliminary GDP grew 0.7% QoQ in Q1 2025, stronger than expected. Investors brace for the Eurozone Q1 GDP report, which is due later on Thursday.The EUR/GBP … [Continue reading]
VanEck launches tokenized US Treasury fund on BNB, Avalanche, Ethereum, and Solana
Asset manager, VanEck launches VBILL to offer tokenized U.S. Treasury to institutional investors on Ethereum, Avalanche, Solana, and BNB Chain.Minimum investment starts at $100,000 for Avalanche, rising to $1 million for Ethereum-based … [Continue reading]
Unemployment rate in Australia expected to hold steady at 4.1% in April
The Australian Unemployment Rate is foreseen unchanged at 4.1% in April.Employment Change is expected to post a modest advance at the beginning of the second quarter. AUD/USD pressures the upper end of its latest range, aims for a bullish … [Continue reading]