The US headline CPI inflation data for May rose to 2.4%, below expectations of 2.5%.President Donald Trump stated that the US and China have reached a trade deal with existing tariffs remaining unchanged.Bitcoin held steady at $109,000, but Ethereum … [Continue reading]
WTI Oil prices rally on US-China trade optimism and declining inventories
US–China trade negotiations progress, lifting risk sentiment and supporting Oil gains.The US Energy Information Administration (EIA) released a weekly stockpile report, showing a larger-than-expected reduction in Oil inventories.WTI prices rise above … [Continue reading]
The night brings white smoke over London – Commerzbank
An agreement was finally reached in the trade talks between China and the US in London in the middle of the night. As expected, the foreign exchange market did not react strongly to the news, Commerzbank's FX analyst Michael Pfister notes. US-China … [Continue reading]
Altcoin Season: Ethereum outperforms Bitcoin as declining BTC dominance sirens Altseason ahead
Ethereum strengthens against Bitcoin, signaling a shift in capital toward altcoins. The Bitcoin Dominance chart risks a downfall with a double top and bearish RSI divergence, signaling altcoins’ chance to shine. The Altseason Index … [Continue reading]
Australian Dollar loses ground as US Dollar advances amid improving US-China dialogue
The Australian Dollar declines despite easing trade tensions between the United States and China.US Commerce Secretary Lutnick said that both countries agreed on a framework to implement the Geneva Consensus.China’s Minister Li Chenggang noted that … [Continue reading]
Dow Jones Industrial Average finds thin gains as investors hope for trade talk success
The Dow Jones remains stuck near 43,000, but investor optimism remains buoyant.US-China trade talks are close to wrapping up in London.US CPI inflation data and consumer sentiment figures loom large later this week.The Dow Jones Industrial Average … [Continue reading]
Dow Jones Industrial Average melt-up continues as markets await trade talk results
The Dow Jones remains stuck near 43,000, but investor optimism remains buoyant.US-China trade talks are close to wrapping up in London.US CPI inflation data and consumer sentiment figures loom large later this week.The Dow Jones Industrial Average … [Continue reading]
Reuters poll: Fed likely to resume cutting rates in September
59 of 105 economists polled by Reuters said that they expect the Federal Reserve (Fed) to resume cutting interest rates in the next quarter, likely in September.More than 60% of polled economists also said that they see the Fed lowering the policy … [Continue reading]
EUR: Bull trade needs feeding – ING
Traded EUR/USD volatility levels are a little softer as spot continues to sit well within range confines, ING's FX analyst Chris Turner notes.EUR/USD is staying in the 1.1370-1.1430 range today"It costs investors around 2.5% per annum to sit with a … [Continue reading]
Indonesia Foreign Reserves remains unchanged at $152.5 in May
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]