Ripple (XRP) is gaining traction, pressing into short-term resistance at $1.45 at the time of writing on Wednesday, as sentiment across the crypto market broadly steadies amid the extension of the United States (US)-Iran ceasefire.Despite neither … [Continue reading]
Canada New Housing Price Index (MoM) came in at -0.2% below forecasts (0.2%) in March
GBP/USD trades marginally higher on the day above 1.3500. The data from the UK showed earlier in the day that the Consumer Price Index (CPI) rose in line with expectations at 3.3% YoY, while on a monthly basis, CPI increased 0.7% in March, compared … [Continue reading]
South Africa Consumer Price Index (MoM) up to 0.6% in March from previous 0.4%
Gold touches a fresh daily high heading into the European session, and recovers further from a one-week low, around the $4,669-$4,668 region. The US Dollar edges lower in reaction to a temporary extension of the US-Iran ceasefire, … [Continue reading]
US blocks Iraq’s Dollar Shipments to weaken its Iran-Backed Militias – WSJ
According to a report from The Wall Street Journal (WSJ), the United States (US) has suspended shipments of US Dollars (USDs) to Iraq, which were proceeds from Federal Reserve Bank of New York accounts against oil sales, in an attempt to cripple an … [Continue reading]
GBP/USD slips back as US data offsets Iran ceasefire risk-on boost
GBP/USD slid 0.15% on Tuesday, settling close to 1.3500 after a volatile session that traded a roughly 60-pip range. Price unwound twice during European and US trade with sharp downside candles, only to bounce back off the lows on each occasion … [Continue reading]
Oil jumps 4%: Deal or bombs by Wednesday?
The countdown is on. With the US-Iran ceasefire set to expire late Wednesday, Tuesday delivered dueling statements from both sides that looked more like pre-conflict posturing than pre-deal diplomacy. Oil surged, the Dow Jones Industrial Average … [Continue reading]
United States Pending Home Sales (YoY) down to -1.1% in March from previous -0.8%
The recent investigation by the New York Times has put the focus back on Bitcoin’s creator. Little is known about Satoshi’s true identity – whether it was one individual, a team, or even a collective –, so speculation and theories have been … [Continue reading]
USD/INR gains as RBI rolls back INR-supportive measures, Warsh’s testimony awaited
The Indian Rupee (INR) extends Monday's losses against the US Dollar (USD) on Tuesday. The USD/INR pair rises further to near 93.50 as the Indian currency faces selling pressure, following the Reserve Bank of India (RBI) rolling back partial measures … [Continue reading]
Asian stocks gain as Kospi surges on easing tensions, chip rally
Asian equities rise on Tuesday amid hopes for a resolution to the Middle East conflict. Bloomberg reported that US President Donald Trump stated that US Vice President JD Vance is leaving later on Monday for Pakistan to resume negotiations, “either … [Continue reading]
Iran’s top negotiator: We do not accept negotiations under threats
Iranian Parliament speaker Mohammad Bagher Ghalibaf said that Iran will not accept negotiations with the United States (US) while under threat, the Guardian reported on Tuesday.“Trump, by imposing a blockade and violating the ceasefire, seeks, in his … [Continue reading]