The GBP/USD exchange rate has surged to a fresh 10-week high, nearing the pivotal 1.2700 level, fueled by a prevailing sense of market optimism and a notable absence of disruptive negative news. This upward trajectory reflects a growing confidence in the Pound Sterling, underpinned by perceived stability within the UK’s …
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EU R/USD is under pressure, trading below 1.0500, as the US Dollar strengthens alongside rising US Treasury yields. This movement follows the US House of Representatives’ approval of a $4.5 trillion tax cut plan on Tuesday.Market focus now shifts to key economic data releases: the preliminary German Harmonized Index of …
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U.S. stock futures edged higher on Wednesday as investors prepared for the highly anticipated fourth-quarter earnings report from Nvidia (NASDAQ: NVDA), a key player in the artificial intelligence boom. Market Overview As of 06:37 ET (11:37 GMT), the Dow Jones Industrial Average futures gained 134 points (0.3%), S&P 500 futures …
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Gold prices remained stable in Asian trading on Wednesday, holding near recent record highs as safe-haven demand persisted despite some profit-taking. Meanwhile, copper prices surged due to a major power outage in Chile, which raised concerns over supply disruptions. Gold Market Overview Spot gold traded at $2,916.06 per ounce, while …
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Oil prices remained under pressure on Wednesday, trading near two-month lows as growing optimism over a potential peace deal between Russia and Ukraine weighed on the market. However, a decline in U.S. crude stockpiles provided some support, limiting further losses. Market Performance By 11:42 GMT, Brent crude edged lower by …
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Bitcoin extended its losing streak into a fourth straight session on Wednesday, falling 3.6% to $88,706.9 and briefly touching $86,000, its lowest level in three months. The cryptocurrency market remains under pressure due to: U.S. trade tariff concerns, sparked by former President Donald Trump’s tariff threats on Canada, Mexico, and …
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US President Donald Trump hit markets with fresh tariff headlines on Wednesday, re-reiterating his insistence on 25% tariffs on Canada and Mexico, as well as adding the European Union to the mixed bad of countries that he will penalize US consumers for importing from.Despite a fresh doubling down on his …
Read More »US stocks experienced a decline on Tuesday as investors grappled with disappointing consumer confidence data and braced for Nvidia’s crucial earnings report later in the week. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all registered losses, reflecting growing market unease.Consumer confidence in the US deteriorated for the …
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The US dollar is facing mounting pressure, with the US Dollar Index (DXY) retreating to around 106.30. This decline reflects a confluence of factors, including escalating trade tensions, particularly with China, and growing concerns about the health of the US economy. The Trump administration’s recent signals of potentially tighter tariffs …
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Saudi Arabia is on track to sell a €1.5 billion ($1.58 billion) debut green euro bond after drawing in €7.25 billion of investors bids as it seeks to fund its ambitious economic-transformation plan.The pricing level for the seven-year green note has been tightened by 40 basis points compared to initial …
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