Forex

Bitcoin Extends Rally Amid Bullish Sentiment and Whale Activity Bitcoin continued its upward trajectory on Wednesday following a sharp rebound in previous sessions, bolstered by a bullish outlook for the cryptocurrency. Investors appeared unfazed by concerns over U.S. interest rates ahead of the release of inflation data. As of 01:50…

Oil Prices Steady as Markets Eye U.S. Inflation Data Oil prices remained largely unchanged during Asian trading on Wednesday, with traders exercising caution ahead of a key U.S. inflation report. Prices continued to hover near a four-month high. As of 20:58 ET (01:58 GMT), Brent Oil Futures were flat at…

Asian Currencies Range-Bound as Dollar Eases Ahead of CPI Data Most Asian currencies traded within a narrow range on Wednesday, while the dollar retreated from over two-year highs as markets awaited key U.S. consumer inflation data, which could influence future interest rate decisions. Investor focus remained on U.S. President Donald…

Investors flocked to global money market funds during the week ending January 8, driven by concerns over potential tariff hikes linked to the upcoming U.S. administration change and caution ahead of a key jobs report that could influence expectations for Federal Reserve rate cuts. LSEG Lipper data shows that investors…

The dollar remained stable in Asia on Friday and appeared poised to extend its longest winning streak in over a year, supported by rising bond yields and expectations of another strong U.S. jobs report. This week, the dollar gained 0.5% against the yen, reaching 158.405 yen, and nearly 1% against…

Oil prices increased in early Asian trading and are on track for a third consecutive week of gains, driven by rising fuel demand for heating due to cold weather in parts of the United States and Europe. Brent crude futures rose by 40 cents, or 0.5%, to $77.32 a barrel…

Asian Currencies Slide as Dollar Holds Near 2-Year High Ahead of Payrolls Data Most Asian currencies weakened on Friday as the dollar remained near its strongest level in over two years, with traders anticipating a potentially robust nonfarm payrolls report due later in the day. Weak Chinese Data and BOJ…

Gold Edges Higher in Asian Trade, Set for Weekly Gains on Rate and Trade Concerns Gold prices inched up during Asian trading on Friday, poised for weekly gains as uncertainty over U.S. interest rates and trade policies bolstered safe-haven demand. However, a strong dollar ahead of a key U.S. labor…

A Year of Transformation for Crypto ETFs Rewind to early January 2024, when the asset-management industry anxiously awaited the debut of U.S. spot Bitcoin exchange-traded funds (ETFs). Optimistic forecasts predicted these funds could amass up to $30 billion in their first year. Fast forward to today, and the results have…

The UK mid-cap index fell to its lowest level in over eight months on Thursday, dragged down by weak Christmas trading updates from retail stocks and continued pressure from rising bond yields. Tesco, the UK’s largest supermarket chain, declined 1.7% after reaffirming its full-year profit guidance. Marks & Spencer posted…