Bitcoin regained upward momentum on Wednesday, buoyed by softer-than-expected U.S. inflation data and improved sentiment following the temporary trade truce between the U.S. and China. As of 02:16 ET (06:16 GMT), Bitcoin rose 1.3% to $103,862.5, recovering from recent profit-taking that followed a strong rally above the $100,000 milestone last …
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Oil prices edged lower in Asian trade on Wednesday, taking a breather after a strong four-day rally. The pullback came as investors digested an unexpected increase in U.S. crude inventories and closely monitored President Donald Trump’s visit to the Middle East, which added new geopolitical considerations to global oil supply …
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The US stock market experienced significant turbulence following the April 2, 2025, announcement of mutual tariffs by the US administration, with institutional investors offloading stocks worth $19.52 billion through April 10, when a temporary suspension of these tariffs was enacted via executive order. This sell-off, spanning just over a week, …
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The British Pound ended Tuesday, May 13, 2025, on a positive note against the US Dollar, which weakened following softer-than-expected US inflation figures for April. GBP/USD climbed to 1.3307 from a previous daily close of 1.3176, despite dipping to a session low of 1.3169 and peaking at 1.3316. The Dollar’s …
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The Chinese Yuan continued its upward trajectory against the US Dollar on Tuesday, May 13, 2025, capitalizing on the Dollar’s broad weakness following the release of softer-than-expected US inflation figures for April. USD/CNY dipped to 7.2057 from the previous day’s close of 7.2018, with the pair hitting a daily high …
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US inflation data for April came in softer than anticipated on May 13, 2025, driving a rise in US Treasury yields across the curve and capping gold’s potential rebound, while market expectations for Federal Reserve rate cuts diminished. The Consumer Price Index (CPI) reported a modest 0.2% month-on-month increase, following …
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US stock markets displayed a mixed yet upward-leaning performance on Tuesday, May 13, 2025, following the release of softer-than-anticipated US Consumer Price Index (CPI) data for April, which highlighted a slower rise in consumer prices. The Dow Jones Industrial Average slipped to 42,256 points, shedding approximately 150 points or 0.4%, …
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Gold prices held steady above the critical $3,250 per ounce mark on May 13, 2025, showing signs of potential upside after softer-than-expected US inflation data hinted at possible Federal Reserve rate cuts to bolster a weakening economy. The yellow metal is trading at $3,255.605 per ounce at the time of …
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The EUR/USD pair staged a notable recovery on Tuesday, May 13, 2025, surging past 1.1170 in late trading after softer-than-anticipated US inflation data weakened the US Dollar. The pair, which had already breached the 1.1150 mark earlier in the day, gained further momentum as the Dollar struggled to attract demand, …
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USD/CHF pulled back to the key 0.8400 level during North American trading on May 13, 2025, as the US Dollar came under pressure following the release of April’s US Consumer Price Index (CPI) data, which revealed a slower-than-expected rise in inflation. Despite the cooling price pressures, market expectations for the …
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