Bitcoin climbed on Thursday, rebounding from Wednesday’s lows as investors welcomed signs of possible trade de-escalation between the U.S. and major partners like Japan and China. Meanwhile, hawkish comments from Federal Reserve Chair Jerome Powell added a dose of caution but did little to dent the rebound in crypto markets. …
Read More »Dollar Recovers Modestly Ahead of Easter Break, But Longer-Term Pressure Persists
The U.S. dollar edged higher in Asian trading on Thursday, rebounding from multi-month lows against the yen as U.S.-Japan trade talks steered clear of currency issues, easing fears of official efforts to strengthen the yen. However, the dollar’s broader downtrend remains intact amid ongoing doubts about U.S. economic stability, tariff …
Read More »Oil Prices Extend Gains on Iran Sanctions, Stronger Refined Product Demand
Oil prices rose for a second straight session in Asian trading on Thursday, fueled by renewed geopolitical tensions and supply disruption risks following the U.S. imposition of new sanctions on Iranian oil exports, while investors digested mixed U.S. inventory data. As of 21:35 ET (01:35 GMT): Brent crude (June delivery) …
Read More »Forex Report: Dollar Slides Again as Tariff Jitters and Global Realignment Undermine Confidence
The U.S. dollar resumed its sharp decline on Wednesday, falling broadly across major currencies as escalating trade tensions, shaky investor sentiment, and growing fears of a U.S. recession weighed on the greenback. The losses were most pronounced against traditional safe-haven currencies such as the Swiss franc and euro. Greenback Hit …
Read More »Oil Prices Rebound 1% on Hopes of U.S.-China Trade Dialogue, But Demand Outlook Remains Clouded
Oil prices rose 1% on Wednesday, rebounding from early losses as reports suggested a possible thaw in U.S.-China relations, even as persistent concerns over a prolonged trade war and slowing global demand continued to weigh on the broader outlook. As of 09:37 GMT: Brent crude futures were up 64 cents …
Read More »Gold Hits All-Time High as Trade Tensions and Nvidia Warning Stoke Market Fears
Gold prices surged to a record high in Asian trading on Wednesday, powered by strong safe haven demand amid deepening U.S.-China trade tensions and mounting uncertainty over the global tech sector, after Nvidia issued a significant impairment warning tied to U.S. chip export restrictions. Spot gold jumped 1.7% to $3,317.92/oz …
Read More »Bitcoin Falls as Tariff Turmoil Undermines Risk Appetite, Altcoins Dive Sharply
Bitcoin fell on Wednesday, pulling back sharply from Tuesday’s highs as growing uncertainty around U.S. trade policy under President Donald Trump spooked global markets and dampened demand for speculative assets like cryptocurrencies. As of 01:20 ET (05:20 GMT): Bitcoin (BTC) dropped 2.5% to $83,409.40, retreating from above $86,000 seen a …
Read More »European Stocks Fall as U.S.-China Trade War Escalates, Investor Caution Rises
European equity markets retreated on Wednesday, mirroring losses in Asia and on Wall Street, as a sharp escalation in the U.S.-China trade war reignited concerns over global economic growth and pressured risk sentiment. As of 03:05 ET (07:05 GMT): Germany’s DAX fell 0.5% France’s CAC 40 slipped 0.7% U.K.’s FTSE …
Read More »Dow Jones tries to hold above support 16/4/2025
Oil, Crude, trading
Read More »CAD is trending down, all eyes on BoC 16/4/2025
The Canadian dollar remains under sustained downward pressure, with the pair extending its losses over several consecutive sessions and reaching a recent low of 1.3828. From a technical standpoint, the 4-hour chart confirms the continuation of the dominant downtrend. Price action remains firmly below the key simple moving averages, which …
Read More »