WTI drops to two-week low below $71.00 on easing fears of oil supply disruption
West Texas Intermediate (WTI) crude dropped to a two-week low on Wednesday, slipping below $71.00 as market concerns over potential oil supply disruptions eased. The decline follows a period of heightened volatility driven by geopolitical tensions, but recent developments have tempered fears of any immediate threats to global supply chains. Oil prices had spiked in […]
USD/CAD posts modest gains above 1.3750, eyes on US Retail Sales data
The USD/CAD pair posted modest gains, holding steady above 1.3750 on Tuesday, as traders shift their focus to the upcoming US Retail Sales data release. The slight upward movement reflects a cautious market, with investors anticipating the potential impact of the sales data on the broader economic outlook. The pair’s rise comes amid a relatively […]
EUR/USD backslides to a ten-week swing low ahead of ECB rate call
The EUR/USD pair dropped to a ten-week low on Wednesday, trading near critical support levels as investors brace for the upcoming European Central Bank (ECB) rate decision. The euro has come under pressure amid growing uncertainty over the central bank’s next policy move, with market participants split on whether the ECB will pause or continue […]
Italy to introduce 42% tax on Bitcoin gains by 2025, stirring investor fears
Italy is set to impose a 42% tax on profits from Bitcoin and other cryptocurrencies starting in 2025, causing significant concern among investors. The tax, aimed at increasing government revenue from the crypto market, is part of a broader push to regulate the sector, which has seen rapid growth in recent years. The government’s decision […]
Yellow Card secures $33 million to expand B2B crypto services, led by Blockchain Capital
Yellow Card, a major African cryptocurrency platform, has raised $33 million in a funding round led by Blockchain Capital to expand its business-to-business (B2B) services across Africa. This marks a significant shift from its initial focus on retail customers to scaling its crypto infrastructure for businesses. The funding will enable Yellow Card to enhance crypto […]
Tech rebounds after yesterday’s hiccup, with focus shifting to TSMC guidance
The tech sector bounced back on Wednesday after suffering a brief stumble in the previous session, with investors shifting their attention to Taiwan Semiconductor Manufacturing Co. (TSMC) ahead of its highly anticipated guidance. The rebound reflects renewed confidence in tech stocks as the market steadies following recent volatility. TSMC, the world’s largest contract chipmaker, plays […]
Australian Dollar softenes ahead of employment data
The Australian dollar softened on Wednesday, slipping against major currencies as traders await the release of key employment data that could shape the country’s economic outlook. The currency’s decline reflects growing market caution, with investors concerned about whether the labor market can maintain its recent resilience in the face of global economic headwinds. The AUD/USD […]
Visa stock closes 2.95% higher on Wednesday
Visa Inc. saw its stock rise by 2.95% on Wednesday, closing higher amid a broader rally in financial stocks. The surge came as investor sentiment improved across the market, buoyed by optimism around consumer spending and economic resilience. The payment giant’s performance is often viewed as a barometer for broader economic activity, and the stock’s […]
Solana Price Forecast: SOL gears up to test $172 resistance
Solana (SOL) is gearing up for a potential test of the $172 resistance level, as recent market momentum has fueled optimism among traders. The cryptocurrency has shown renewed strength in recent sessions, with bulls eyeing this key price point as a critical hurdle to further upside. SOL’s latest rally is part of a broader crypto […]
Crude Oil sees headline risk fade alongside with its price action this Wednesday
Crude oil prices declined on Wednesday as headline risks surrounding global supply disruptions and geopolitical tensions faded, leading to a cooling in price action. After recent volatility driven by concerns over potential supply shocks, particularly from the Middle East, traders are beginning to recalibrate their outlook as those risks appear less immediate. The dip in […]