GBP/USD drifts higher on Monday amidst a thin early-week economic calendar. UK GDP data due at the end of the week, strictly mid-tier releases on offer until then. Fed news cycle to dominate market attention as policymakers caution restraint. GBP/USD ground out some bullish chart paper on Monday, climbing from a recent swing low into … Read more
USD/CAD posts modest gains near 1.3655 in Tuesday’s early Asian session. BoC Governor Tiff Macklem said the Canadian economy is on track for a soft landing. Investors await the release of the US GDP growth number on Thursday and the PCE Price Index on Friday. The USD/CAD pair remains on the defensive around 1.3655 during … Read more
Currency traders betting on a rebound in the yen would be wise to look past the officials currently in charge and listen instead to policy veterans who know better. Over the last year as the yen was recording three-decade lows, officials such as Finance Minister Shunichi Suzuki, top currency diplomat Masato Kanda and Bank of Japan … Read more
AI has been the market’s main theme over the past year and a half or so, and investors have wanted a piece of the action. Stocks affiliated with the trend have benefited immensely and have been some of the market’s biggest winners. However, Monness’ Brian White, an analyst ranked in the top 1% of Street … Read more
NZD/USD weakens around 0.6120 on Tuesday amid the USD softness, down 0.11% on the day. Fed’s Daly said the Fed should cut rates before policymakers are confident that inflation is headed towards 2%. The expectation the RBNZ will cut rates earlier than projected exerts some selling pressure on the Kiwi. The NZD/USD pair trades on a … Read more
Marathon Digital’s CEO has shared his insights on the future of the crypto industry and the impact of the upcoming presidential election.
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1225, as against the previous day’s fix of 7.1201 and 7.2587 Reuters estimates.
ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Atif Ikram Sheikh and Chairman Anomaly Committee (Business) Federal Board of Revenue (FBR) Gohar Ijaz strongly recommended to the FBR to impose 30 percent tax on the bank deposits of non-filers under the taxation reforms agenda. Addressing a press conference on the FBR’s … Read more
Japanese Chief Cabinet Secretary Yoshimasa Hayashi said on Tuesday the authorities are closely watching currency moves and will respond appropriately to excessive volatility.