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Category: Finance
Live Finance News Updates.
NZD/USD rebounds toward 0.6000 ahead of Michigan Consumer Sentiment Index
NZD/USD gains after two days of losses, trading around 0.5980 during the early European hours on Friday. Traders will watch the preliminary February US Michigan Consumer Sentiment Index, due for relea...
Political dynamics weigh on outlook – MUFG
The yen continues to weaken as political dynamics add downward pressure ahead of the 8 February election in Japan. MUFG’s Senior Currency Analyst Lloyd Chan suggests that Prime Minister Takaichi...
German Industrial Production falls 1.9% MoM in December vs. -0.3% expected
Germany’s industrial sector activity fell sharply in December, the latest data published by Destatis showed on Friday. Industrial Output, in the Eurozone’s economic powerhouse, dropped by 1.9% over th...
Canadian Dollar holds gains near 1.3700 amid weak US labor data, higher crude oil prices
The USD/CAD pair trades with mild losses near 1.3685 during the early European session on Friday. The US Dollar (USD) softens against the Canadian Dollar (CAD) amid weaker-than-expected US economic da...
Political risks and BOE outlook – DBS
GBP/USD suffered a double whammy, tumbling by 0.8% to 1.3550 overnight. The market significantly increased bets that the Bank of England would cut the bank rate by 25 bps at the next March meeting. Ad...
WTI rises to near $64.00, but faces weekly loss as US–Iran talks loom
West Texas Intermediate (WTI) Oil price recovers its recent losses from the previous session, trading around $63.90 per barrel during the Asian hours on Friday. However, WTI price is on track for a we...
GBP/USD rebounded from support near 1.3520
GBP/USD Price Forecast: Trades above 1.3500 after rebounding from 50-day EMA GBP/USD rebounds after two days of gains, trading around 1.3560 during the Asian hours on Friday. The technical analysis of...
Downside risk persists – UOB
UOB’s report, authored by Quek Ser Leang and Lee Sue Ann, suggests that the EUR/USD is facing downside risks, with potential support levels highlighted. The report indicates that a break below 1...
Cardano Price in Focus as Charles Hoskinson Releases New Logan AI Update Patch
Key Insights: Cardano price stalls, but ADA remained in the top 15 cryptocurrencies by market cap ranking. The new Logan AI update patch comes with 8 new Cardano integrations that expand its functiona...
Trades above 1.3500 after rebounding from 50-day EMA
GBP/USD rebounds after two days of gains, trading around 1.3560 during the Asian hours on Friday. The technical analysis of the daily chart points to a potential bearish reversal as the pair is positi...
BoJ’s Masu says central bank is not behind the curve in dealing with inflation
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Friday that central bank is not behind the curve in dealing with inflation. Masu further stated that BoJ shouldn’t raise rates too q...
USD/CHF falls to near 0.7760 as US Dollar’s rally hits pause
The USD/CHF pair trades 0.22% lower to near 0.7765 during the late Asian trading session on Friday. The Swiss Franc pair is under pressure as the rally in the US Dollar (USD) has paused, following an ...
GBP/JPY climbs back closer to mid-212.00s; JPY strength caps gains
The GBP/JPY cross attracts some buyers near the 211.60 area, or a four-day low touched during the Asian session on Friday, and climbs to the top end of the intraday range. Spot prices currently trade ...
Silver’s erratic plunge and surge spurs new questions on where support finally holds
Silver has gone completely wild. After climbing to its highest level this year, the metal crashed almost 30% last Friday. Then it bounced, dropped again, and bounced again. By Thursday night, spot sil...
China investors flood metals markets amid economic slowdown
Chinese investors are rushing into metals. Prices for copper, gold, and silver have exploded. This isn’t because factories need more materials. It’s because people in China have too much cash and nowh...
Keeps sideways bias above 1.6150, Canadian employment report is focus
The EUR/CAD cross gathers strength to around 1.6160 during the early European session on Friday. The Euro (EUR) edges higher against the Canadian Dollar (CAD) amid the differing approaches between the...
Indian Rupee remains calm after RBI keeps Repo Rate steady at 5.25%
The Indian Rupee (INR) remains broadly unchanged against the US Dollar (USD) at around 90.35, despite the Reserve Bank of India’s (RBI) monetary policy announcement, in which it has left the Repo Rate...
Gemini exits the UK, Europe, and Australia markets
Gemini, a crypto exchange founded by the Winklevoss twins, has announced its decision to shut its services in the UK, EU, and Australia. The company will provide users with a limited period to discont...
Tesla’s China‑made EV sales up 9.3% in January in spite of everything
Tesla posted a year on year rise in China made electric vehicle deliveries in January, even as the wider market slowed down hard. The company delivered 69,129 vehicles from its Shanghai factory during...
Falls toward 184.50 near nine-day EMA support
EUR/JPY extends its losses for the second successive session, trading around 184.70 during the Asian hours on Friday. The technical analysis of the daily chart suggests that the 14-day Relative Streng...
Gold rebounds from $4,655 amid risk aversion, Fed rate cut bets
Gold (XAU/USD) rebounds swiftly from the vicinity of mid-$4,600s, or a four-day trough touched during the Asian session on Friday, though it lacks follow-through. A turnaround in the risk sentiment – ...
SpaceX‑xAI merger delivers tax deferral for xAI shareholders and avoids debt repayment
Elon Musk has merged SpaceX with xAI in a way that helps shareholders skip paying taxes right now and lets the company dodge billions in debt. As Cryptopolitan reported earlier, the deal has made Spac...
EUR/USD strives to gain ground near 1.1770 on improving dovish Fed prospects
The EUR/USD pair attempts to regain ground near 1.1770 during the Asian trading session on Friday. The major currency pair attracts slight bids as the US Dollar ticks down amid an improvement in specu...
Silver tumbles below $72.00 as safe-haven appeal fades
Silver price (XAG/USD) slumps to around $71.90, the lowest since January 2, during the Asian trading hours on Friday. The white metal extends the decline amid easing geopolitical tensions and profit-t...
US Dollar Index breaks below 98.00 as US labor data cool job market
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, edges lower after two days of gains and trades around 97.90 during the Asian hours on Friday. T...
Japanese Yen recovers amid BoJ rate hike bets, risk-off mood
The Japanese Yen (JPY) attracts some buyers during the Asian session on Friday and, for now, seems to have snapped a five-day losing streak against its American counterpart, reaching a two-week low th...
Schwab CEO sees value in economic markets but rejects gambling
Rick Wurster, the President and CEO of the Charles Schwab Corporation, argues that prediction markets focusing on economic events and financial outcomes offer critical indicators for investment decisi...
USD/CAD pulls back to near 1.3700 as Oil prices rebound
USD/CAD remains steady after paring daily gains, trading around 1.3700 during the Asian hours on Friday. The pullback reflects support for the commodity-linked Canadian Dollar (CAD) as Oil prices reco...
WTI declines below $63.00 as US-Iran talks loom
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.85 during the Asian trading hours on Friday. The WTI price declines after the United States (US) and Iran agreed to hol...
Central bank needs to proceed with further rate hikes to complete policy normalisation
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Friday that Japan has shifted into inflation as policy normalization continues. Key quotes Must be vigilant as inflation driven by weak ye...
Australian Dollar remains subdued following RBA Bullock’s comments
The Australian Dollar (AUD) extends its losses for the third successive session against the US Dollar (USD) on Friday following the Reserve Bank of Australia (RBA) Governor Michele Bullock’s comments,...