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The UK economy expanded by 0.3% month-on-month in March, easing from February’s downwardly revised 0.4% growth but significantly outperforming expectations for a 0.1% contraction. Data also showed that Britain’s economy grew by 0.6% in…
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Gold remains under pressure for a second straight session, weighed down by a stronger dollar amid rising uncertainty in the Middle East and fading expectations for potential Federal Reserve rate cuts, after both US consumer and producer…
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USDJPY extended its rally into a third consecutive session, supported by growing geopolitical uncertainty after Middle East peace talks stalled, which reinforced demand for the dollar as a safe-haven asset. Additional support came from the…
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US inflation rose by 0.6% in April following a 0.9% increase in March, matching market expectations, while annual consumer prices accelerated to 3.8%, above forecasts of 3.7% and sharply higher than the 3.3% reading recorded in March,…
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Cable dropped around 0.8% on Tuesday as the political crisis in the UK deepened, after several lawmakers called on Prime Minister Keir Starmer to resign following heavy losses suffered by the Labour Party in the latest local elections.…
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Bitcoin continues to hold above the 80K threshold, maintaining a positive near-term bias, while the broader bullish trend remains intact as the cryptocurrency continues to move within an ascending channel from the March 30 higher low.…
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Brent crude remained firmly in the red on Thursday, extending its weakness after plunging 10% on Wednesday and closing the session with a 5.5% loss. Rising optimism over a potential US–Iran peace agreement continued to weigh on…
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The US dollar came under renewed pressure on Wednesday after a fresh wave of optimism over a potential end to the US-Iran conflict reduced safe-haven demand. The US Dollar Index slipped to a three-week low as it once again tested a key…
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The Australian dollar rose 1.2% against its US counterpart on Wednesday, reaching its highest level since June 2022. The rally was driven by media reports suggesting that the US-Iran conflict may be nearing an end, which revived appetite…
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Eurozone services activity slipped into contraction territory in April for the first time in nearly a year, as softer demand and a drop in export orders weighed on the bloc’s dominant sector, according to the latest survey data. The…
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