EUR/USD rallies back over 1.08
The EUR/USD rallied back above 1.08 on Thursday, reversing recent losses as the U.S. dollar’s momentum faded amid weakening economic data. After a period of dollar strength driven by hawkish Federal Reserve expectations, the euro regained ground following softer U.S. data that cast doubt on the Fed’s ability to continue aggressive rate hikes. The euro’s […]
Japan Inflation: Tokyo Consumer Price Index decelerates to 1.8% YoY in October vs. 2.2% prior
Gold prices surged on Thursday as geopolitical tensions intensified and U.S. Treasury yields declined, prompting investors to seek safe-haven assets. The precious metal climbed, reflecting heightened demand as global uncertainty grows, especially in regions facing escalating conflicts. The drop in U.S. Treasury yields further bolstered gold’s appeal, as lower yields reduce the opportunity cost of […]
Crypto Today: Bitcoin, Ethereum and XRP note slight increase on Thursday
Bitcoin, Ethereum, and XRP registered slight increases on Thursday, with the broader cryptocurrency market maintaining a steady tone amid relatively calm trading conditions. Bitcoin edged higher, climbing back above key support levels, while Ethereum and XRP followed suit with marginal gains, signaling cautious optimism among investors. Bitcoin’s modest rise comes as the market digests a […]
Binance executive released from detention in Nigeria, returns amid rising regulatory focus on crypto
A senior Binance executive detained by Nigerian authorities has been released and is now heading home, underscoring the regulatory challenges cryptocurrency companies face in expanding across Africa. The executive’s detention was linked to regulatory concerns surrounding cryptocurrency operations in the country, drawing attention to the complex landscape crypto platforms navigate in emerging markets. Nigerian authorities […]
Crude Oil hovers around $71.00 after US Continuing Jobless Claims hit a three-year high
Crude oil prices hovered near $71 on Thursday, as the market reacted to the latest U.S. labor data showing continuing jobless claims hitting a three-year high. The rise in unemployment claims sparked concerns about a potential slowdown in the U.S. economy, raising questions about future demand for energy. The data, which reflects sustained weakness in […]
Kraken to launch proprietary blockchain, aiming for greater ecosystem control
Kraken, a leading cryptocurrency exchange, is gearing up to release its own blockchain early next year, a strategic move aimed at gaining more control over its ecosystem and enhancing user services. This launch marks Kraken’s first entry into blockchain creation, with the goal of providing a more streamlined and secure experience for its users. The […]
Japan Inflation: Tokyo Consumer Price Index decelerates to 1.8% YoY in October vs. 2.2% prior
Inflation in Japan’s capital city continued to ease in October, with the Tokyo Consumer Price Index (CPI) decelerating to 1.8% year-on-year, down from 2.2% in the previous month. The slowdown signals that the surge in price pressures seen earlier in the year may be stabilizing as global inflationary forces begin to wane. The drop in […]
Asian stocks drop following Wall Street’s third consecutive loss
Asian stocks mostly dropped on Thursday, following Wall Street’s third consecutive day of losses as investors remain cautious about the global economic outlook and corporate earnings. Concerns over slowing global growth and uncertainty surrounding interest rates have continued to dampen market sentiment across the region. The decline in Asian indices was largely driven by negative […]
Stocks fluctuate as US election risks loom, yen rises on safe-haven demand
Global stock markets showed uncertainty on Wednesday, with investors treading cautiously due to rising concerns over the upcoming US election and its potential impact on markets. The political uncertainty has led to jittery trading, as fears of election-related volatility continue to grow. Meanwhile, the Japanese yen saw gains, benefiting from its reputation as a safe-haven […]
Gold approaches $2,730 as US dollar weakens, investors eye economic data
Gold prices rose steadily on Wednesday, approaching the $2,730 mark as the U.S. dollar retreated, offering support for the precious metal. Investors are monitoring the recent weakness in the USD, which has eased in anticipation of key economic data that could provide insight into future U.S. monetary policy moves. As the U.S. dollar softens, gold […]