Market Update

The intricate dance of the USD/JPY exchange rate has taken a dramatic turn, spotlighting a stark contrast between the US administration’s currency apprehensions and the market’s bullish fervor. While Washington voices concerns over perceived currency manipulation, particularly by Japan, analysts are keenly observing the Bank of Japan’s (BoJ) tightening policy, …

European equity markets suffered broad-based declines today, as heightened global trade tensions triggered a sell-off in auto stocks, banks, and industrial sectors. The downturn followed the U.S. imposing tariffs on Canada and Mexico, with China retaliating through tariffs on U.S. agricultural goods and export restrictions on certain defense companies. Auto …

Saudi Aramco (TADAWUL:2222), the world’s largest oil company, announced on Tuesday that it expects to declare $85.4 billion in total dividends in 2025, a notable decrease from the $124.25 billion distributed in 2024. Financial Performance: Declining Profitability in 2024 The oil giant reported a 12.4% drop in full-year 2024 net …

Bitcoin tumbled on Tuesday, deepening its losses from the prior session, as excitement over U.S. President Donald Trump’s proposed national cryptocurrency reserve quickly faded. The broader crypto market also suffered heavy losses, as investor sentiment took a hit from Trump’s tariff hikes on China, Canada, and Mexico, which escalated concerns …

Gold prices remained largely unchanged in Asian trading on Tuesday, with safe-haven demand providing support amid escalating trade tensions. The market reacted to the implementation of U.S. tariffs on Mexico and Canada, alongside further tariff escalations against China. As of 00:23 ET (05:23 GMT), Spot Gold was steady at $2,892.98 …

Oil prices fell 2% to a 12-week low on Monday, influenced by reports that OPEC+ will proceed with a planned oil output increase in April and concerns that U.S. tariffs could negatively impact global economic growth and oil demand.Brent futures settled at $71.62 a barrel, down $1.19, or 1.6%, while …

The Australian dollar (AUD) began the week with a notable rebound, halting a six-day decline that saw it lose 3% against the US dollar (USD). Currently, AUD/USD is trading at 0.6203 in North American trading, marking a 0.71% increase for the day.Key Economic Data on the HorizonTraders are now anticipating …

The tumultuous geopolitical landscape in Europe, dominated by the ongoing conflict in Ukraine and heightened tensions with Russia, has ignited a complex interplay of security concerns and economic realities, leaving an indelible mark on the forex market. While Europe’s latent capacity for self-defense and sustained support for Ukraine has proven …

The cryptocurrency market experienced a significant boost early Monday, with Bitcoin and other digital currencies like Ethereum, XRP, Dogecoin, Solana, and Cardano seeing sharp price increases. This surge followed President Donald Trump’s announcement of a U.S. crypto strategic reserve aimed at bolstering the industry. Despite the rise, prices remained below …

US market is bracing for Friday’s crucial employment data, a potential catalyst amidst swirling recession anxieties. Recent market behavior reflects this unease, with volatility dominating trading sessions. While inflation figures have offered a degree of comfort, a concerning dip in consumer spending and a subsequent downward revision of GDP forecasts …