Tag Archives: yen

Oil prices edged higher during Asian trading on Friday as investors remained cautious ahead of the release of key U.S. employment data. This comes amid weighing factors, including a significant withdrawal from U.S. crude inventories and a potential delay in production hikes by OPEC+ producers. By 0507 GMT, Brent crude …

As markets anticipate a larger-than-expected rate cut by the Federal Reserve later this month, recent economic data suggests a slowdown in the US labor market, supporting the rate cut expectations. The Euro strengthened against the dollar as the US dollar’s value declined. Key economic indicators for the Eurozone, including factory …

U.S. oil futures edged higher on Wednesday, buoyed by expectations that OPEC+ may delay a planned output increase to support the market, which has been weighed down by concerns over sluggish demand growth. Oil Prices Climb As of 07:55 EST (11:55 GMT), West Texas Intermediate (WTI) crude oil futures rose …

Bitcoin’s price declined on Wednesday as investors assessed the implications of weaker U.S. manufacturing data and anticipated key labor market reports that could influence the Federal Reserve’s upcoming interest rate decision. Investor sentiment was dampened by the latest results from the Institute for Supply Management (ISM), which showed a decline …

Oil prices continued their downward trend on Wednesday, extending the more than 4% drop seen in the previous session. The market remains under pressure, hovering at its lowest levels since December, driven by expectations of a potential resolution to the political dispute in Libya that has halted oil exports, along …

Bitcoin’s price saw a notable increase on Tuesday, recovering from previous declines as investors awaited significant economic data this week. By 04:37 ET (08:37 GMT), Bitcoin had risen by 2.5% to $58,999.7, following relatively low trading volumes on Monday due to the U.S. Labor Day holiday. The world’s largest cryptocurrency …

The forex market has been buzzing with activity lately, with the USD/JPY pair grabbing headlines. This is why it looks interesting to dives deep into the forces propelling this upward trend and explore its potential “Domino Effect” across the global economy. The recent surge in the USD/JPY is a confluence …

Bitcoin prices fell slightly on Thursday as markets remained cautious ahead of a key U.S. inflation reading that could influence the outlook for interest rate cuts. The cryptocurrency is set to end August with significant losses, driven by a broader risk-off sentiment that has affected financial markets. Bitcoin Struggles in …

The USD/JPY pair recovered and is trading 0.44%, at 145.21 at the time of writing. Earlier on Thursday’s trading, the pair remains confined below the crucial resistance level of 145.00, reflecting a cautious stance from investors ahead of the highly anticipated US Personal Consumption Expenditure (PCE) inflation report for July. …

Bitcoin’s price stabilized on Thursday after experiencing sharp declines earlier in the week. The world’s largest cryptocurrency remained in a narrow trading range as investors awaited critical economic data that could influence the Federal Reserve’s next interest rate decision. Bitcoin Holds Steady After Recent Declines After falling sharply on Tuesday …