Forex

Foxconn reportedly approached Japanese automaker Nissan Motor Co., Ltd. for a potential controlling stake, according to Bloomberg on Wednesday. The Taiwanese tech giant is making an aggressive push into the electric vehicle (EV) market. Officially known as Hon Hai Precision Industry Co Ltd , Foxconn appears interested not only in…

European markets faltered on Tuesday, while the dollar remained strong as investors prepared for a series of central bank meetings expected this week. The U.S. Federal Reserve is anticipated to announce a rate cut, while the Bank of Japan is likely to maintain its current stance. The pan-European STOXX 600…

The South African rand weakened against a stronger dollar on Tuesday as investors awaited the Federal Reserve’s interest rate decision. At 08:20 GMT, the rand was trading at 17.93 per dollar, about 0.4% lower than its previous close. The dollar index was up by approximately 0.2% against a basket of…

The dollar held steady near recent highs on Tuesday ahead of an anticipated interest rate cut in the United States, as traders adjusted their expectations for higher long-term rates. The euro, which is on track for a nearly 5% decline against the dollar this calendar year, remained close to recent…

Bitcoin surged on Tuesday, extending its recent gains and briefly reaching record highs, driven by optimism surrounding the potential establishment of a Strategic Reserve under incoming U.S. President Donald Trump. Crypto markets were also buoyed by MicroStrategy’s inclusion in the Nasdaq 100 index, although overall gains slowed as investors awaited…

Oil prices dipped slightly in early Asian trading on Tuesday, following weak economic data from China that dampened market sentiment. Traders also remained cautious ahead of the U.S. Federal Reserve’s policy meeting later this week. As of 20:41 ET (01:42 GMT), Brent crude futures edged down 0.2% to $73.81 a…

The US dollar weakened on Monday but remained near a three-week high ahead of the Federal Reserve’s final policy meeting of the year, while the euro dropped following regional economic data. At 05:35 ET (10:35 GMT), the Dollar Index, which measures the dollar against a basket of six other currencies,…

MicroStrategy shares climbed 6% in premarket trading on Monday as the software company and prominent Bitcoin holder prepared to join the Nasdaq 100 index, a move that could further fuel its stock rally. The $25.7 trillion Nasdaq 100, which includes the largest non-financial companies, will now have indirect exposure to…

Wall Street is set to trade slightly higher on Monday, but movements are expected to remain constrained ahead of the Federal Reserve’s final meeting of the year. Meanwhile, weak Chinese economic data continues to weigh on sentiment, and Bitcoin has surged to a new record high amid speculation of a…

Oil futures retreated from their highest levels in weeks as traders took profits ahead of a Federal Reserve meeting later this week, where they are seeking guidance on potential rate cuts. However, the declines were limited by concerns over supply disruptions, especially if the U.S. imposes further sanctions on major…