Market Update

Bitcoin fell below the $67,000 mark during Asian trading on Wednesday, retreating as investors turned cautious ahead of key U.S. employment data that could influence the Federal Reserve’s interest rate trajectory in the months ahead. The world’s largest cryptocurrency was last down 2.6% at $67,126.7 by 02:46 ET (07:46 GMT). …

The U.S. dollar weakened on Wednesday, coming under renewed pressure ahead of the release of closely watched U.S. employment data that could shape expectations for Federal Reserve interest rate cuts later this year and into 2026. By 04:36 ET (09:36 GMT), the dollar index, which measures the greenback against a …

Oil prices climbed on Wednesday, supported by rising geopolitical risk tied to fragile U.S.–Iran negotiations and fresh signs of tightening physical supply, as crude stockpiles declined at key global hubs. Brent crude futures advanced 98 cents, or 1.4%, to $69.78 a barrel by 09:49 GMT, while U.S. West Texas Intermediate …

House Republicans suffered a narrow but symbolic defeat late Tuesday after failing to pass a procedural measure designed to block lawmakers from forcing a vote on President Donald Trump’s tariff policies. The proposal was rejected by a slim margin of 214–217, as three Republicans joined Democrats in opposing the move—dealing …

U.S. officials have discussed the possibility of seizing oil tankers carrying Iranian crude to increase pressure on Tehran, but have refrained from doing so over concerns about retaliation and disruption to global oil markets, according to The Wall Street Journal. The White House reportedly considered such a move as part …

U.S. Commerce Secretary Howard Lutnick said on Tuesday that the recent weakness in the U.S. dollar reflects a more “natural” level for the currency, arguing that it could help boost American exports and support stronger economic growth. Speaking before a U.S. Senate Appropriations subcommittee, Lutnick said that for many years …

The European Union needs to significantly simplify its regulatory framework for businesses to strengthen its global competitiveness against economic heavyweights such as the United States and China, European Commission President Ursula von der Leyen said on Wednesday. Speaking before the European Parliament, von der Leyen highlighted the structural fragmentation of …

Markets jolted late Tuesday after the American Petroleum Institute reported a sharp 13.4 million-barrel build in US crude inventories for the week ending February 6, a dramatic reversal from the previous 11.1 million-barrel draw. The surprise stockpile increase immediately shifted sentiment across energy markets, reviving concerns about excess supply just …

U.S. President Donald Trump reignited the debate over interest rates, arguing that sharp rate cuts could eliminate the U.S. debt burden without the need for painful spending cuts. He said borrowing costs remain far too high and insisted that the United States should have the lowest interest rates in the …

The US Dollar steadied near the 96.80 level on Wednesday, recovering some earlier losses as traders positioned themselves ahead of critical economic reports. Attention is squarely on the upcoming January Nonfarm Payrolls (NFP), scheduled for release later today, and the January Consumer Price Index (CPI) expected on Friday. These figures …