USD/TRY gains traction to near 37.95 in Tuesday’s early European session. The political crisis in Turkey continues to weigh on the TRY. CBRT interventions might help the Turkish Lira from depreciating. The USD/TRY pair gathers … [Continue reading]
NZD/USD extends downside below 0.5750 as US tariffs loom
NZD/USD weakens to near 0.5725 in Tuesday’s early Asian session. Trump’s tariff policies and expectations of further RBNZ rate cuts continue to undermine the Kiwi. China’s stimulus measures might cap the downside for the pair. The … [Continue reading]
Dow Jones Industrial Average rallies on tariff relief hopes
The Dow Jones recovered ground on Monday, climbing back to 42,500. Equities are broadly gaining ground as investors hope for easing tariff pressures. Economic concerns and inflation fears continue to simmer away as data comes in mixed. The Dow Jones … [Continue reading]
US President Donald Trump reiterates new-old tariff threats
United States (US) President Donald Trump spoke with reporters in Washington, DC on Monday, re-announcing plans to issue additional tariffs on automobiles, aluminum, and pharmaceuticals "soon". This follows the Trump administration's recent … [Continue reading]
EUR/USD flat after surprise uptick in Chicago Fed Activity Tracker
EUR/USD trades flat at 1.0830 on Monday after briefly breaking below 1.08 last week. Preliminary PMI data for March from Germany, France and the overall Eurozone comes in mixed. Markets are having a sigh of relief with possible … [Continue reading]
France HCOB Composite PMI up to 47 in March from previous 45.1
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]
Silver Price Forecast: XAG/USD steadies near $33.00 as US economic concerns rise
Silver price remains steady as the US Dollar weakens amid growing concerns over a potential US economic slowdown. Silver may encounter resistance as the Federal Reserve holds its outlook for two rate cuts later this year. Improved risk sentiment and … [Continue reading]
AUD/USD gains momentum above 0.6250 on RBA’s cautious tone, China support
AUD/USD drifts higher to 0.6280 in Monday’s early Asian session. Cautious RBA stance and China support underpin the Aussie. The preliminary reading of the US S&P Global Manufacturing PMI for March will be the highlight later on … [Continue reading]
Ethereum Price Forecast: ETH sees increased buying pressure as Pectra upgrade draws closer
Ethereum price today: $1,960 Ethereum supply on exchanges dropped to a 10-year low, according to Santiment. Ethereum accumulation addresses added 2.11 million ETH in March. ETH could find support at $1,800 if it fails to hold a key descending … [Continue reading]
Coinbase in $5B talks to acquire Deribit, World’s largest BTC and ETH Options trading platform
Coinbase is in advanced talks to acquire Deribit, the largest Bitcoin and Ethereum options platform, with Dubai regulators involved in negotiations According to Bloomberg, the deal could be valued between $4 billion and $5 billion. Coinbase eyes … [Continue reading]