The Australian dollar (AUD/USD) has risen over 0.54% against the US dollar, reaching 0.6449, driven by gains in Wall Street and a flat US Dollar. The Australian Manufacturing PMI, which rose to 49.9 in April, indicates expansion. The US Economic Data Center (CFNAI) also showed a rise in March, with …

The GBP/USD pair is on the defensive near 1.2350 during the early Asian session, with the USD Index consolidating gains above 106.10 as traders await preliminary S&P Global Purchasing Managers Index (PMI) data from the US and UK for April. Fed policymakers agree that inflation in the US is slow …

Easing geopolitical threats and a rising US dollar cause gold to retreat substantially from recent highs. Gold is -2.75% down; trading at $2326.10 per ounce at the time of writing. Gold prices are under pressure because Fed members, particularly Chairman Powell, have a hawkish view on interest rates. As expectations …

The Dow Jones climbed to a five-day high on Monday near 38,400.00 before settling close to 38,230.00 at the closing bell. The major equity index is still down over 4% from late March’s record peaks, but it continues to pump the brakes on any meaningful declines, trading well above the …

Switzerland’s central bank is urged by a group of Bitcoin supporters to include Bitcoin in its strategic reserves. A campaign to persuade the Swiss National Bank (SNB) to include Bitcoin in its balance sheet has been started by a group of proponents of the cryptocurrency in Switzerland. The nonprofit group …

As data-driven markets wait for the US PMI reading, the Canadian dollar finds space on the upper side. Up to Wednesday’s CAD Retail Sales, there is still insufficient data for Canada. US PMIs on Tuesday are predicted to indicate a modest increase in activity.On Monday, the Canadian dollar saw a …

The Euro’s recovery stalls below 1.0700, and remains dangerously close to the 1.0610 low. A combination of the Fed’s “higher for longer” with hopes of ECB easing is weighing on the Euro.This week the US GDP and PCE Prices Index figures might give a fresh boost to the US dollar. …

Amid cautious optimism, a number of meme currencies are soaring, with a few recording double-digit gains in spite of the typical weekend slowdown. Top gainers in the sector are BONK, FLOKI, PEPE, and SHIB, while DOGE is attempting to catch up following Dogecoin Day. The reason for the spike in …

Reports about missile attacks hitting Iran in the early hours of Friday prompted a flight for safety across financial markets. Financial markets immediately experienced risk aversion. US stock index futures were down between 0.55% and 0.8% in the early European session, reflecting the risk-averse environment in the market. The US …

Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …