Sterling falls on deepening political crisis in UK
Cable fell around 0.8% on Tuesday on deepening political crisis, following calls from a number of lawmakers to PM Starmer to step down after his Labour Party suffered heavy losses in recent local elections.
Fresh weakness of sterling and…
Read More...
Read More...
BTCUSD – bulls hold grip above 80K but 200DMA barrier provides strong headwinds
Bitcoin continues to trade above 80K mark that keeps near-term action biased higher, with broader uptrend (BTC is moving within a bull-channel off Mar 30 higher low) being fully in play so far.
Fresh recovery leg from 79136 (May 8…
Read More...
Read More...
US nonfarm payrolls rise well above expectations in April
US nonfarm payrolls increased by 115,000 jobs in April compared to an upwardly revised 185,000 advance in March and nearly doubled forecasts for payroll rising by 62,000.
The same report showed that unemployment remained unchanged at…
Read More...
Read More...
Gold hits two-week high as dollar / crude prices fall on growing peace optimism
Gold advanced 5% in past three sessions and hit two-week high on Thursday, as fresh waves of optimism about potential end of US-Iran war revived risk appetite and deflated prices of crude oil and dollar.
The metal rose further on…
Read More...
Read More...
Brent oil continues to trend lower on growing optimism over peace talks
Brent oil remains firmly in red and extends weakness on Thursday after falling 10% on Wednesday and ending day with 5.5% loss.
Growing hopes for a US-Iran peace deal provided relief, keeping oil prices under increased pressure for the…
Read More...
Read More...
Dollar probes through key supports again as fresh optimism fades safe haven demand
The dollar came under increased pressure on Wednesday after fresh wave of optimism about a possible end of US-Iran war deflated safe-haven demand.
The dollar index, which tracks the performance of Greenback against its six major peers,…
Read More...
Read More...
AUDUSD hits four-year high on fresh risk appetite
Australian dollar rose 1.2% against its US counterpart on Wednesday and hit the highest since June 2022.
The rally was sparked by the media report signaling that US-Iran war might be near the end that revived demand for riskier assets.…
Read More...
Read More...
Eurozone services sector slows further in April
Eurozone services activity contracted in April for the first time in nearly a year, as weakening demand and a decline in export business weighed on the bloc’s dominant sector, according to new survey data.
The Services Purchasing Managers’…
Read More...
Read More...
RBA raises interest rates by 25 bps in the third consecutive rate hike this year
Australia’s central bank raised interest rates for the third time this year on Tuesday, pushing borrowing costs back to post-pandemic highs and warning that inflation is likely to remain persistent amid a global oil shock tied to conflict…
Read More...
Read More...
US services sector growth slows in April – PMI
US services sector growth slowed for a second consecutive month in April, as weakening demand and persistent cost pressures weighed on activity, according to a survey released Tuesday by the Institute for Supply Management (ISM).
The ISM…
Read More...
Read More...