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The Canadian Dollar (CAD) remained subdued against the US Dollar on Thursday, struggling to gain traction despite a modestly better-than-expected Manufacturing PMI reading. While the data provided a brief respite from the recent bearish trend, the Loonie remains vulnerable to further downside pressure amidst a broadly stronger US Dollar.The December …

The cryptocurrency market has kicked off the new year with a strong rebound, recovering from recent losses as investor confidence returns. Bitcoin, the leading cryptocurrency, saw a significant surge on Thursday, gaining 3% to reach $97,426.02, bringing its year-to-date gains to approximately 4%.This positive momentum extended across the broader crypto …

The Euro experienced a significant decline on Thursday, falling below 1.0250 against the US Dollar. This marks the lowest level for the currency pair in two years, raising concerns about the Euro’s weakening trajectory.The decline follows the release of disappointing European Manufacturing Purchasing Managers’ Index (PMI) data. The PMI unexpectedly …

The British Pound Sterling (GBP) plummeted against the US Dollar (USD) on Thursday, hitting an eight-month low near 1.2440. At the time of writing, the GBP/USD pair is down -1.01%; trading at 1.238. This sharp decline was driven by a confluence of factors:Weakening UK Manufacturing: The final S&P Global/CIPS Manufacturing …

U.S. stock index futures opened the new year on a positive trajectory, reflecting investor optimism following a year of stellar market performance. By 05:25 ET (10:25 GMT), Dow Jones Futures rose 195 points (0.5%), S&P 500 Futures gained 38 points (0.7%), and Nasdaq 100 Futures climbed 165 points (0.8%). The …

European stocks fluctuated on the first trading session of 2025, as investor sentiment remained cautious following a late-year selloff driven by concerns over high valuations and potential policy shifts under incoming U.S. President Donald Trump. The pan-European STOXX 600 index dipped 0.2% by 0946 GMT, erasing earlier gains as trading …

Oil prices started 2025 with modest gains on Thursday as investors cautiously assessed China’s economic outlook and fuel demand. President Xi Jinping’s pledge to adopt proactive policies aimed at boosting growth in 2025 provided some optimism to the market. Brent crude futures climbed by 0.21% to $74.80 per barrel, while …

Gold prices inched higher in Asian trading on Thursday, building on their robust performance in 2024 as a softer U.S. dollar lent support. However, investor caution lingered due to the U.S. Federal Reserve’s indications of fewer interest rate cuts in 2025. Spot gold rose by 0.3% to $2,632.82 per ounce, …

Oil, Crude, trading

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