The euro experienced a sharp decline against the U.S. dollar at the end of last month’s trading session, reaching a low of 1.0360. From a technical analysis perspective, a closer look at the 4-hour chart reveals that the simple moving averages are negatively intersecting, reinforcing the daily downward price trend. …
Read More »Euro Zone Consumers Lower Inflation Expectations but Remain Cautious on Economic Outlook
Euro zone consumers adjusted their near-term inflation expectations downward in January but continued to anticipate economic contraction, reflecting a cautious outlook on the region’s growth prospects, according to the European Central Bank’s (ECB) Consumer Expectations Survey released on Friday. Median inflation expectations for the next 12 months declined to 2.6% …
Read More »Bitcoin Falls Below $80,000, Poised for Steepest Monthly Decline Since Trump’s Election Victory
Bitcoin dropped sharply on Friday, slipping below the psychologically significant $80,000 level as investors reacted to escalating U.S. trade tariff concerns and positioned themselves ahead of a key inflation report. The leading cryptocurrency declined 8.4% to $78,955.9 as of 02:11 ET (07:11 GMT), marking a loss of over 22% in …
Read More »Gold Prices Decline as Dollar Gains, But Remain on Track for Monthly Increase
Gold prices edged lower in Asian trading on Friday as: The U.S. dollar strengthened ahead of key inflation data. Investors awaited the U.S. PCE price index, the Federal Reserve’s preferred inflation gauge, for further rate signals. At 01:44 ET (06:44 GMT): Spot gold fell 0.4% to $2,864.94 per ounce. Gold …
Read More »Oil Prices Decline Amid Tariff Uncertainty and Russia-Ukraine Peace Talks
Oil prices fell in Asian trading on Friday, extending their monthly losses as: Concerns over U.S. trade tariffs weighed on global demand. Hopes for a Russia-Ukraine peace deal raised the prospect of lifted sanctions and increased oil supply. At 21:38 ET (02:38 GMT): Brent crude futures dropped 0.4% to $73.30 …
Read More »European Markets Decline Amid U.S. Tariff Concerns
European stock markets traded lower on Thursday following U.S. President Donald Trump’s announcement of 25% tariffs on imports from the European Union. At 03:15 ET (08:15 GMT): Germany’s DAX dropped 1%. France’s CAC 40 slipped 0.3%. The UK’s FTSE 100 remained unchanged. Trump, speaking during his first Cabinet meeting on …
Read More »Bitcoin Extends Losing Streak, Hovering Near Three-Month Low
Bitcoin continued its downward trend for the fourth consecutive day on Thursday, as concerns over U.S. tariffs and broader risk-off sentiment weighed on the cryptocurrency market. At 02:12 ET (07:12 GMT): Bitcoin fell 2.8% to $86,246.28, remaining near its lowest level since mid-November 2024. The token had dipped as low …
Read More »Oil Prices Edge Up After Two-Month Low, Market Eyes Mixed U.S. Inventory Data
Oil prices rebounded slightly in Asian trading on Thursday, recovering from a two-month low as investors analyzed President Donald Trump’s fresh tariff threats and a mixed U.S. inventory report. At 21:55 ET (02:55 GMT): Brent Oil Futures rose 0.3% to $72.77 per barrel Crude Oil WTI Futures (March expiry) gained …
Read More »European Markets Decline as Trump Confirms Tariffs on EU Imports
European stocks traded lower on Thursday as markets reacted to U.S. President Donald Trump’s announcement of 25% tariffs on European Union imports, escalating trade tensions between the two economies. Market Performance At 03:15 ET (08:15 GMT): Germany’s DAX fell 1% France’s CAC 40 slipped 0.3% UK’s FTSE 100 remained unchanged …
Read More »Gold Prices Decline as Stronger Dollar, Trade Tariff Uncertainty Weigh on Markets
Gold prices fell in Asian trading on Thursday, extending their retreat from record highs as a stronger U.S. dollar and ongoing trade tariff concerns pressured the precious metal. Gold Pulls Back from Record Highs Profit-taking drove gold prices lower, despite lingering safe-haven demand amid rising trade tensions and signs of …
Read More »