Market Update

Overview of Recent DevelopmentsThe US Dollar has gained modest strength, supported by renewed trade tensions following President Donald Trump’s tariff announcements. On Friday, the US Dollar Index (DXY) rose 0.30% to 97.89, hovering below key resistance levels of 97.80–98.00, with support from the 9-day EMA at 97.50. Concurrently, the 10-year …

Bitcoin (BTC-USD) reached a new all-time high above $119,000 on July 11, 2025, driven by strong bullish momentum in risk assets, before stabilizing at $117,645, up 1.42% for the day. The cryptocurrency’s surge aligns with a broader market rally, as the tech-heavy Nasdaq Composite hit a record high earlier in …

The EUR/GBP currency pair is gaining traction, climbing above 0.8650 as disappointing UK economic data fuels speculation of further Bank of England (BoE) rate cuts. On Friday, May’s economic indicators painted a grim picture, with UK GDP contracting by 0.1% against expectations of modest 0.1% growth. Industrial and manufacturing production …

The British economy is facing turbulent times as the latest GDP figures reveal a second consecutive month of contraction, intensifying expectations for a Bank of England (BoE) interest rate cut in August. Coupled with U.S. President Donald Trump’s aggressive new trade policies, including a hefty 35% tariff on Canadian goods, …

Oil prices saw modest gains on Friday, as investors weighed the tightness in the prompt market against a potential surplus in the global oil supply, while U.S. tariff threats and the possibility of further sanctions on Russia added to market uncertainty. Key Price Movements: Brent Crude Futures: Up by 40 …

European shares dropped on Friday, with U.S. President Donald Trump’s heightened tariff threats against the European Union causing market jitters. Investors were left awaiting further details on potential levies for the 27-nation bloc. Key Market Movements: STOXX 600: The pan-European index fell 0.7% to 548.98 points at 08:29 GMT, although …

Gold prices rose in Asian trade on Friday, recovering some recent losses as safe-haven demand was boosted by U.S. President Donald Trump’s threats of more trade tariffs and ongoing geopolitical tensions in the Middle East. Key Market Movements: Gold Prices: Spot gold rose 0.5% to $3,341.27 an ounce, while gold …

The U.K. economy contracted for the second consecutive quarter in May, reflecting a lack of a significant recovery from April’s sharp decline, and putting pressure on the Bank of England to consider further monetary easing. Key Economic Data: GDP Contraction: Data released by the Office for National Statistics (ONS) revealed …

The euro has experienced downward pressure since the start of trading on Thursday, July 10, 2025, driven by a stronger US dollar. Improved US employment data and mixed signals from the Federal Reserve’s recent meeting have bolstered the dollar, impacting the EUR/USD pair. The pair fell to 1.1697, down from …

A Strategic Leap GlobalFoundries’ acquisition of MIPS marks a bold step in the semiconductor industry. By integrating MIPS’ RISC-V processor IP, the company aims to meet rising demand for specialized chips in artificial intelligence (AI), automotive, and data center applications, while strengthening its position in a competitive market. A History …