WTI holds steady above $68.00, all eyes on OPEC+ meeting
West Texas Intermediate (WTI) crude prices are holding firm above $68.00 as markets focus on the upcoming OPEC+ meeting. The steady performance comes amid speculation over potential production adjustments by the oil cartel, which could signal the group’s outlook on global demand. Traders are closely monitoring whether OPEC+ will maintain current production cuts or implement […]
Australian Dollar rises as RBA Bullock states inflation too high to consider rate cuts
The Australian Dollar strengthened on remarks by Reserve Bank of Australia Governor Michele Bullock, who emphasized that inflation remains too high to contemplate rate cuts. Speaking at an economic forum, Bullock noted the persistence of price pressures, reinforcing expectations that monetary policy will remain tight in the near term. Investors interpreted the RBA’s commitment to […]
PBOC sets USD/CNY reference rate at 7.1877 vs. 7.1894 previous
The People’s Bank of China (PBOC) set the USD/CNY reference rate at 7.1877, a slight adjustment from the previous rate of 7.1894. This marginal change underscores the central bank’s calibrated approach to managing the yuan amid global economic uncertainty and a strengthening U.S. dollar. The adjustment comes as the PBOC continues to balance domestic growth […]
ASI’s FET rallies following earn-and-burn mechanism launch
ASI’s FET token surged following the announcement of its new “earn-and-burn” mechanism, designed to enhance token scarcity and boost long-term value. The system allows holders to earn rewards while simultaneously reducing the circulating supply through periodic burns, a move widely seen as bolstering demand. The market responded with enthusiasm, driving trading volume and pushing prices […]
Asian Stocks Slip, Yen Gains After Inflation Data: Markets Wrap
Asian stocks fell on Wednesday, with key indices in Japan, China, and South Korea facing losses as investors digested fresh inflation data. Concerns over central bank actions to tame inflation weighed on sentiment, with market participants adjusting their portfolios amid uncertainty. Japan’s Topix index dropped 0.8%, while South Korea’s Kospi slipped 0.6%. China’s CSI 300 […]
Putin threatens ‘all means of destruction’ if Ukraine gets nuclear weapons
Russian President Vladimir Putin issued a stern warning, asserting Russia would employ “all means of destruction” should Ukraine acquire nuclear weapons. Speaking during a televised address, Putin claimed that Moscow has been closely monitoring alleged Western efforts to support Kyiv’s nuclear ambitions. Although no concrete evidence has been presented, the statement underscores escalating tensions in […]
Mexican Peso rallies as trade war jitters calm
The Mexican Peso strengthened on Wednesday, reflecting renewed investor optimism as trade war fears subsided. The currency rose 0.8% against the U.S. dollar, marking its strongest performance in weeks, following signs of progress in negotiations between the United States and key trading partners. Market analysts attribute the peso’s rebound to reduced uncertainty in global trade […]
US Bitcoin ETFs Head for Record Monthly Inflow on Trump Optimism
Bitcoin ETFs are witnessing an unprecedented influx of funds this month, signaling renewed investor confidence. Data shows record monthly inflows fueled by rising optimism around former President Donald Trump’s potential impact on the crypto market. Analysts suggest Trump’s vocal support for blockchain and decentralized finance during his recent public appearances has revived investor interest in […]
Gold holds firm above $2,600 as geopolitical jitters, dovish Fed fuels demand
Gold prices remained steady above $2,600 per ounce as demand surged due to mounting geopolitical tensions and expectations of a cautious Federal Reserve stance. Investors flocked to the safe-haven asset amid global uncertainty, driving prices to multi-month highs. The Federal Reserve’s dovish tone, signaling a pause or slowdown in rate hikes, has further supported gold’s […]
USD/JPY attracts some sellers below 151.00 as Japan’s Tokyo CPI inflation accelerates in November
The USD/JPY pair retreated below the 151.00 level on Wednesday, pressured by stronger-than-expected inflation data from Japan. Tokyo’s Consumer Price Index (CPI) surged in November, signaling persistent inflationary pressures and raising speculation about potential adjustments to the Bank of Japan’s monetary policy. The Tokyo CPI rose by 3.7% year-on-year, exceeding market forecasts and marking a […]