Dollar rally pauses
The dollar softened on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive…
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The dollar softened on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive…
The monthly U.S. labor market report due later Friday, a release that could make or break the case for a first Federal Reserve rate cut in June. The U.S. economy…
An analysis from Goldman Sachs highlighted a volatile week in the cryptocurrency market, particularly focusing on Bitcoin (BTC) and Ethereum (ETH). The report notes a 10.4% drop in total market…
European shares hit a record high for the third consecutive session on Thursday, supported by a raft of optimistic corporate updates, while investors remained cautious ahead of key economic data…
The yen rose to a fresh five-week high on Friday after reports the Bank of Japan is warming to the idea of raising interest rates and considering a new quantitative…
Frenetic activity in bitcoin put it on course for its biggest monthly gain in more than three years on Thursday and it is within range of a record high as…
The yen sagged on the euro, sterling and other crosses this week and headed for a fourth weekly drop against the dollar on Friday as investors chased better yields just…
OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and raised its economic growth forecasts for both years saying there…
Japanese shares hit 34-year highs on Friday as world stocks eyed a third week of gains, while adjustments to interest rate expectations sent the yen to a two-month low and…
The dollar edged higher on Wednesday, heading for its biggest monthly gain since September, while the yen faced its sharpest monthly drop in almost a year as traders awaited a…
Gold prices nursed steep losses on Thursday as anticipation of a barrage of U.S. economic and interest rate cues kept traders averse to the yellow metal, while copper sat on…
Oil prices drifted lower on Friday after rallying the day before, as geopolitical tensions and disruptions in U.S. oil production from a cold blast were countered by concerns over slow…
U.S. stock index futures declined on Friday as weak earnings reports from big banks sparked worries about the health of corporate America, while investors awaited an inflation report during the…
Asian shares fell on Thursday and the dollar was near a three-week high as traders dialled back bets of steep and early rate cuts this year, with the minutes of…
United States Steel Corporation (NYSE:X), commonly known as U.S. Steel, is being acquired by Japan’s Nippon Steel, the two companies confirmed today. Nippon Steel will pay $55 per share in…
Attention now turns to the Fed, which is due to wrap up its final two-day policy meeting of the year on Wednesday. Traders are almost certain that officials will vote…
Most Asian stocks fell on Tuesday, seeing some profit taking after rallying sharply through November on expectations of a less hawkish Federal Reserve, while a string of weak economic readings…
Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts to shore up prices after four weeks of decline on demand worries.…
Cisco (NASDAQ:CSCO) tumbled 11% on Thursday after cuts to its annual forecasts raised fears that excess inventory with customers was sapping new orders in its mainstay networking equipment business. The…
Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts. Brent crude futures were down…