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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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Australia’s central bank raised interest rates for the third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation is likely to remain persistent amid a global oil shock driven by Middle East…
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US services sector growth slowed for a second straight month in April, as softer demand and sustained cost pressures weighed on activity, according to a survey released Tuesday by the Institute for Supply Management. The ISM…
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Brent oil surged on Monday as tensions in the Middle East intensified, following the US announcement of an operation to reopen the Strait of Hormuz, while Iran reported striking a US warship attempting to enter the strait. Amid the…
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Gold opened the week on the back foot, dropping around 1.8% by mid-European trading on Monday, as mounting inflation concerns pushed major central banks toward a more hawkish stance, even as they left interest rates unchanged at last week’s…
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