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With losses averaging approximately -0.40%, the GBP/USD pair is trading close to the 1.2695 mark. The US dollar appeared to have recovered from Monday’s earlier decline. Following mixed data last week, markets recalculated Fed expectations as investors focused more on the impending CPI report.The GBP/USD pair saw a decline in …

Hays, a UK recruitment group, has reported a decline in activity in the UK and Ireland due to a slowdown in the volume of individuals securing permanent roles. The company’s first-half profits are expected to be £60mn, below current market expectations. Hays shares fell as much as 18% on Tuesday …

Treasury Secretary Janet Yellen has announced that 100,000 businesses have joined a new database that collects “beneficial ownership” information on firms as part of a government effort to unmask shell company owners. The database will support law enforcement in making arrests, prosecuting offenders, and seizing ill-gotten assets. The bipartisan Corporate …

The US Dollar is trading in the green on Tuesday’s European morning, posting gains against most G20 currencies. However, the dollar was easing a touch as a firm risk-on tone returned on Monday in US equity markets. Earlier on Tuesday, Asian stocks took over the mood on Tuesday, with the …

Bitcoin jumped 6% during January 9 trading as investors awaited potential regulatory approval of a US Bitcoin exchange-traded fund this week. In mid-trading on Tuesday, January 9, the price of Bitcoin reached more than $46,600, after recording $46,840, i.e. the highest level since April 2022. The number of Bitcoins mined …

Despite moderating from the previous month’s notable surge, passenger car sales in China demonstrated robust growth, increasing by 8.3 percent in December. This uptick was fueled by a competitive price war among manufacturers. According to the China Passenger Car Association’s report on Tuesday, sales reached 2.37 million vehicles in December, …

The upward momentum of the US dollar encountered resistance on Tuesday as traders maintained their expectations of multiple interest rate cuts by the Federal Reserve this year, citing signs of slowing US inflation. Meanwhile, in the cryptocurrency sphere, Bitcoin continued to hover near its highest level since April 2022, driven …

On Tuesday, gold prices rebounded from a three-week low, finding support in a weakening dollar following an official US report indicating that consumers anticipate lower inflation. The prospect of a Federal Reserve interest rate cut fueled optimism in the precious metal market. Gold experienced an immediate uptick of 0.2 percent, …

In early Tuesday trading, oil prices experienced a stabilization following a decline in the previous session. The market found itself delicately balanced between ongoing geopolitical tensions in the Middle East and growing concerns over demand, coupled with increased oil supplies from OPEC. Brent crude futures exhibited resilience, registering a modest …

Oil, Crude, trading