Yen struggles before BOJ decision; dollar stalls ahead of jobs data
The Japanese yen remains weak against the dollar, with traders anticipating the Bank of Japan’s (BOJ) upcoming policy announcement. Investors are on edge, speculating whether the BOJ will hint at adjustments to its longstanding ultra-loose monetary policy, a stance that contrasts with global tightening trends. The yen has struggled to gain ground, as Japan’s central […]
Australia’s Retail Sales rise 0.1% MoM in September vs. 0.3% expected
Australia’s retail sales rose by a modest 0.1% in September, below the anticipated 0.3% growth, according to new data released Friday. The increase, though positive, fell short of expectations, underscoring concerns that consumer spending may be cooling as inflation pressures and rising living costs persist. The data signals that consumers are exercising caution amid economic […]
GBPUSD weakens below 1.3000 as traders brace for US PCE data
The GBP/USD pair dipped below the 1.3000 mark on Tuesday as traders turned cautious ahead of the release of the US Personal Consumption Expenditures (PCE) data. This dip highlights renewed strength in the US dollar as market participants anticipate signals about the Federal Reserve’s future interest rate path from the PCE figures, a favored inflation […]
MicroStrategy set to raise $42 billion over 3 years to buy Bitcoin
MicroStrategy, the enterprise software company led by Bitcoin advocate Michael Saylor, announced plans to raise $42 billion over the next three years to expand its Bitcoin holdings. This ambitious move underscores the company’s long-term commitment to Bitcoin as a strategic reserve asset despite market volatility and regulatory pressures. Known for its aggressive Bitcoin accumulation strategy, […]