Dollar/Yen Drops as US Treasury Yields DeclineThe Dollar/Yen exchange rate experienced losses from the start of Tuesday’s trading, influenced by the downward trend in US Treasury yields, to which the pair has a direct correlation. The decline in sovereign bond yields was attributed to a drop in US consumer confidence.Impact …
Read More »Bitcoin’s Wild Ride: Tariff Fears Fade as ETF Inflows Fuel Recovery Above $88K
The cryptocurrency market experienced a rollercoaster ride on Tuesday, initially plunging into a sea of red following President Trump’s announcement of secondary tariffs. A $60 billion outflow dragged the market capitalization below the crucial $3 trillion mark, with Bitcoin retracing from a 17-day peak of $88,700 towards $87,100. The tariff …
Read More »Oil Prices Dip as Ukraine Declares Black Sea and Energy Ceasefire, U.S. Threatens Venezuelan Oil Tariffs
Oil prices took a slight tumble on Tuesday following a surprising announcement from Ukraine’s leadership, signaling an immediate truce with Russia that encompasses the Black Sea and energy infrastructure. Despite the dip, crude prices found some footing thanks to looming U.S. tariffs that could tighten global oil supply by targeting …
Read More »Black Sea Bargain: U.S. Brokers a Fleeting Calm in Ukraine
Zelenskyy Ushers in Fragile Ceasefire Amid Ukraine-Russia StandoffIn a bold move toward de-escalation, Ukrainian President Volodymyr Zelenskyy announced on Tuesday that Ukraine will immediately enact a partial ceasefire, halting attacks on energy infrastructure as Russia’s invasion—now in its 1,125th day—continues unabated. This interim peace initiative, brokered by U.S. delegates under …
Read More »Reading Between the Lines: Eurozone Economy Gains Momentum as Manufacturing Rebounds
The eurozone’s economic outlook is brightening as the composite Purchasing Managers’ Index (PMI) for March climbed to 50.4, up from 50.2 in February, signaling continued expansion in private sector activity. This uptick, driven largely by renewed optimism in Germany’s manufacturing sector, marks a strong finish to the first quarter of …
Read More »US Stocks Attempt Recovery Amidst Federal Reserve’s Hawkish Stance
US stocks are attempting a cautious recovery on Tuesday, navigating a landscape fraught with negative pressures. These include a confluence of lackluster economic data and recent statements from the Federal Reserve, signaling a potential inclination to maintain current interest rate levels for an extended period.Adding to investor concerns, the Conference …
Read More »Dollar Under Pressure: Tariffs, Leaks, and Economic Data Stir Market Concerns
The US Dollar is navigating a volatile landscape, as geopolitical tensions and a series of concerning economic indicators exert downward pressure. The US Dollar Index (DXY), a key metric tracking the greenback against a basket of six major currencies, has retreated below the critical 104.00 level after a brief attempt …
Read More »Echoes of the 1970s? Stagflation Whispers Grow in US Economy
A creeping unease is settling over the U.S. economic landscape, with whispers of “stagflation-lite” now circulating among market observers. The term, a chilling reminder of the economic turmoil of the 1970s, describes a period of simultaneous high inflation and high unemployment – a scenario many hoped was consigned to history. …
Read More »Oil Prices Rise as U.S. Tariffs on Venezuelan Oil Purchasers Fuel Supply Concerns
Oil prices continued their upward momentum on Tuesday, extending gains from the previous session following U.S. President Donald Trump’s decision to impose 25% tariffs on countries buying oil and gas from Venezuela. Key Price Movements: Brent crude (May contract) rose 0.5% to $72.76 per barrel. West Texas Intermediate (WTI) crude …
Read More »Dollar Rises on Strong U.S. Services Data, But Gains Limited by Trade Uncertainty
The U.S. dollar edged higher on Tuesday, supported by strong services sector data, but gains were capped by lingering uncertainty over U.S. trade policies. Key Highlights: Dollar Index rose 0.1% to 104.000, near a three-week high. EUR/USD fell 0.2% to 1.0786, hitting its lowest level since early March. GBP/USD dropped …
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