Bitcoin Retreats After Fed-Driven RallyBitcoin fell on Monday, giving back gains sparked by Federal Reserve Chair Jerome Powell’s dovish comments last week. The world’s largest cryptocurrency was last down 2.1% at $112,550.5 as of 01:27 ET (05:27 GMT), slipping to its lowest levels in more than six weeks. The token …

Oil prices held largely steady in Asian trade on Monday, consolidating sharp gains from last week. Market sentiment was supported by fading expectations of an imminent Russia-Ukraine ceasefire and dovish signals from the U.S. Federal Reserve pointing to a possible rate cut in September. As of 21:20 ET (01:20 GMT), …

U.S. President Donald Trump and Russian President Vladimir Putin are set to meet on Friday at a Cold War-era air base in Alaska, marking their first face-to-face encounter since Trump returned to the White House. The meeting is expected to center on efforts to reach a ceasefire in Ukraine, with …

European equities advanced on Friday, with the pan-European STOXX 600 climbing 0.2% by 07:17 GMT, buoyed by strength in miners and chemical stocks. The index is trading near its highest level in almost five months, supported by a largely upbeat corporate earnings season. Geopolitical Focus: U.S.-Russia TalksInvestors are also watching …

Gold prices in Asian trade on Friday inched higher, though they were set for a weekly decline, as investors weighed reduced expectations for a significant Federal Reserve rate cut against geopolitical developments, including U.S.-Russia talks scheduled later in the day. Spot gold rose 0.3% to $3,344.88 an ounce, while December …

Bitcoin retreated on Friday, reversing from record highs above $124,000 as stronger-than-expected U.S. producer price data cooled expectations for aggressive Federal Reserve rate cuts next month. The world’s largest cryptocurrency fell 2.2% to $119,112.5 as of 02:04 ET (06:04 GMT), after touching an all-time high of $124,436.8 in the previous …

China’s industrial production and retail sales for July fell short of market expectations, highlighting ongoing weaknesses in both domestic consumption and export demand, according to official data released Friday. Industrial Production SlowsIndustrial output grew 5.7% year-on-year in July, missing expectations of 6% and down from 6.8% in June. The slowdown …

Asian equity markets showed a mixed performance on Friday, with Japan’s stocks rallying on stronger-than-expected economic growth, while Hong Kong fell amid weak Chinese industrial and retail data. Trading volumes were thin in South Korea and India due to public holidays. Japan’s Economic Growth Supports NikkeiTokyo’s Nikkei 225 surged 1%, …

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An upward trend took hold of the USD/CAD pair after several sessions of sideways movement, with the pair reaching its highest level in the previous session at 1.3820. Technical Outlook – 4-hour timeframe: Following yesterday’s rise, intraday price action is showing a natural pullback, yet the pair remains firmly above …