Forex Market

Key Takeaways: Prices hit multi-year peaks: LME aluminum breached $3,636 per metric ton, its highest level since March 2022, while Shanghai futures jumped 2.9%. Massive supply deficit looms: Analysts at JPMorgan Chase forecast a 1.9-million-ton shortfall this year—the largest since 2000—driven heavily by Middle Eastern production losses. Global inventories plunge: …

Key Takeaways: Crude edges higher: Oil prices reversed early losses in Asian trading, with Brent futures ticking up to $95.06 a barrel and WTI steadying at $88.06. China’s economic engine revs: The world’s top crude importer posted a stronger-than-expected 5% GDP growth for the first quarter, bolstering the demand outlook. …

Key Takeaways: Markets mostly in the green: The Stoxx 600, CAC 40, and FTSE 100 posted modest early gains, tracking a broader global rally, while the DAX dipped slightly. New peace talks on the horizon: Washington and Tehran have agreed in principle to a second round of negotiations, with Vice …

European Central Bank policymakers are signaling a cautious stance as they prepare for their late-April meeting, with many leaning toward keeping interest rates unchanged. The decision reflects a desire to better assess the economic fallout from the ongoing conflict in the Middle East before committing to any policy shift. Officials …

The British pound extended its gains against the euro, pushing the GBP/EUR pair above 1.1500 and reaching a two‑week high near 1.1510. This upward move highlights the resilience of sterling, despite earlier expectations of weakness. The rally has been fueled by improved global risk sentiment and supportive signals from the …

The euro slipped slightly against the US dollar, losing less than 0.1% as the greenback’s strength weighed on the common currency during trading. Despite this modest decline, the euro’s losses were cushioned by encouraging industrial data from the eurozone and a drop in oil prices—two factors that provided support to …

The US dollar posted modest gains on Tuesday, with the dollar index rising just 0.02%. The move reflected a cautious market mood as traders awaited further developments in peace talks between the United States and Iran. Despite the slight uptick, the dollar’s performance remained uneven, shaped by a mix of …

Bitcoin has once again captured global attention, climbing above $75,000 and sparking fresh debate about its place in the financial system. Once viewed primarily as a speculative asset or “digital gold,” the cryptocurrency is now being tested in real-world scenarios that highlight its potential as a neutral settlement tool in …

Key Takeaways: Ultimatum for Powell: President Trump threatens to outright fire Jerome Powell from his Federal Reserve Board of Governors seat if he does not voluntarily exit by May 15. Investigations Loom Large: The administration is weaponizing an ongoing criminal probe into a Fed building project, complicating the Senate confirmation …

President Donald Trump has expressed optimism that a permanent ceasefire with Iran could materialize before King Charles’s scheduled visit later this month, even as Washington escalates military pressure through a comprehensive naval blockade. Trump Eyes Imminent Breakthrough Speaking to Sky News, Trump characterized a lasting peace agreement as “very possible” …