ByteDance has announced plans to buy $14 billion (~100B Yuan) in 2026 as its computing needs across its popular apps portfolio, Volcano Engine, and LLMs continue to increase. The Chinese tech firm’s 2...
Category: Finance
Live Finance News Updates.
Trump cuts funding, threatens decade of American consumer protections at CFPB
President Donald Trump has officially started gutting funding at the Consumer Financial Protection Bureau (CFPB), killing off rules that were invented with a mission to stop Wall Street and other lend...
XRP Exchange Balances Collapse to 2018 Levels, Setting Up a Supply Squeeze
Altcoins XRP is quietly entering a phase that long-term market participants tend to watch closely: scarcity. Onchain data shows that the amount of XRP held on centralized exchanges has dropped to leve...
EUR/GBP softens below 0.8750 as BoE hints at a slower pace for future cuts
The EUR/GBP cross softens to around 0.8720 during the early European session on Wednesday. A cautious tone surrounding the Bank of England’s (BoE) policy outlook could provide some support to the Poun...
China achieves 5% GDP growth in 2025, Xi declares after ‘extraordinary year’
China has basically hit its 5% GDP target for 2025, according to President Xi Jinping. Speaking at the annual meeting of the Chinese People’s Political Consultative Conference, Jinping called the year...
GBP/USD may rebound above the nine-day EMA
GBP/USD Price Forecast: Tests 1.3450 support after moving below nine-day EMA GBP/USD remains subdued for the second consecutive day, trading around 1.3460 during the Asian hours on Wednesday. The tech...
China clamps down on silver exports spooking US supply chains
China will tighten controls on silver exports starting Thursday, extending restrictions on the once-common metal vital to U.S. industry and defense supply chains. This comes as precious metals were th...
Holds steady with bullish momentum, resistance above 185.00 eyed
The EUR/JPY cross trades on a flat note near 183.80 during the early European session on Wednesday. Earlier this week, the Bank of Japan’s (BoJ) December meeting “Summary of Opinions” show...
Tests 1.3450 support after moving below nine-day EMA
GBP/USD remains subdued for the second consecutive day, trading around 1.3460 during the Asian hours on Wednesday. The technical analysis of the daily chart indicates a weakening of a bullish bias as ...
China’s Xi says will implement more proactive macroeconomic policies
Chinese President Xi Jinping said that he will implement more proactive macroeconomic policies, Reuters reported on Wednesday. Xi added that he will promote the economy to achieve effective qualitativ...
USD/JPY rises to near 156.60 as US Dollar Index refreshes weekly high
The USD/JPY pair trades 0.2% higher to near 156.60 during the late Asian trading session on Wednesday. The pair gains as the US Dollar (USD) trades higher, following the release of the Federal Open Ma...
USD/INR opens flat near 90.20 on last trading day of 2025
The Indian Rupee opens on a flat note against the US Dollar (USD) on the last trading day of 2025. The USD/INR pair wobbles around 90.20 as trading volume remains thin globally in the final stretch of...
US Dollar Index rises to near 98.50 as FOMC Minutes hint at pausing rate cuts
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.30 during the As...
South Korea inflation cools to 2.3% but stays above BOK target for 4th month
South Korea’s financial reports revealed that the country’s price growth declined at a slower rate, mainly due to a slight increase in food and general living costs. However, even with this finding, c...
Sen Lummis backs market structure legislation to combat illicit finance
Senator Cynthia Lummis (R-WY) has gone out of her way to back the bipartisan digital asset market structure legislation that she has played an active role supporting and shaping of throughout the year...
Zigzag correction likely to find support for extension to new highs [Video]
Russell 2000 Futures (RTY) has broken to a new all‑time high, and this confirms that the broader trend remains bullish. The cycle from the April 2025 low continues to advance as an impulse. Wave ((4))...
XAG/USD dips to near $72.50 as CME raises margins
Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday. Silver prices came under pressure after the CME ra...
Struggles to extend advance above 1.1800
The EUR/USD pair posts a fresh weekly low near 1.1740 during the Asian trading session on Wednesday. The major currency pair is under pressure as the US Dollar (USD) edges higher despite Federal Open ...
Gold climbs on US rate cut expectations, geopolitical tensions
Gold price (XAU/USD) extends the rally above $4,350 during the Asian trading hours on Wednesday. Gold’s price has surged about 65% this year and is set to record its biggest annual gains since 1...
USD/CAD consolidates around 1.3700 before heading to New Year eve
The USD/CAD pair trades in a tight range around 1.3700 during the Asian trading session on Wednesday. The Loonie pair consolidates at the start of the last trading day of 2025 amid thin trading volume...
WTI stays below $58.00, nears 20% yearly drop
West Texas Intermediate (WTI) Oil price loses ground after two days of gains, trading around $57.70 per barrel during the Asian hours on Wednesday. WTI is down nearly 3% in December, heading for a fif...
New Zealand Dollar holds losses below 0.5800 despite upbeat Chinese PMI data
The NZD/USD pair holds losses near 0.5785 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) despite the upbeat Chinese economic data. T...
China’s RatingDog Manufacturing PMI rises to 50.1 in December
China’s RatingDog Manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in December from 49.9 in November, the latest data published by RatingDog showed on Wednesday. AUD/USD reactio...
Australian Dollar remains steady following China’s NBS PMI
The Australian Dollar (AUD) inches higher against the US Dollar (USD), holding ground for the second successive session. Volumes are expected to be thin due to the New Year’s holiday in Australi...
China’s NBS Manufacturing PMI rises to 50.1 in December, Non-Manufacturing PMI climbs to 50.2
China’s official Manufacturing Purchasing Managers’ Index (PMI) rose to 50.1 in December, compared to 49.2 in the previous reading. The reading came in above the market consensus of 49.2 in the ...
PBOC sets USD/CNY reference rate at 7.0288 vs. 7.0348 previous
On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0288 compared to the previous day’s fix of 7.0348 and 6.9945 Reuters estimate. PB...
Pound Sterling trades flat above 1.3450 amid thin trading volume
The GBP/USD pair holds steady around 1.3465 during the early Asian trading hours on Wednesday. However, the Bank of England (BoE) guided that monetary policy will remain on a gradual downward path, wh...
Price wars and sales drop put China EV makers on survival footing for 2026
China’s electric vehicle market is no longer exploding, it’s tightening. The gold rush is fading, and automakers are being dragged into a brutal fight to survive. In 2025, both Tesla and BYD posted lo...
USD/JPY treads water near 156.00 as the year draws to an end
USD/JPY remains caught in near-term congestion just north of the 156.00 handle during the final week of 2025’s trading year. Yen traders are battling headwinds on multiple fronts, with the Bank of Jap...
EIA postponed U.S. oil report to after market close after DOGE‑era cuts
The EIA delayed its Weekly Petroleum Status Report by several hours on Monday, leaving oil traders without expected data during active market hours. The report covers U.S. crude oil and refined produc...
AUD/USD flubs key technical level amid holiday trading conditions
AUD/USD strung itself along the 0.6700 handle for the second day in a row as the Aussie-Dollar pairing grapples with end-of-year market volumes restraining overall momentum. The Australian Dollar is l...
Euro softens below 1.1750 after Fed Minutes
The EUR/USD pair attracts some sellers near 1.1745 during the early Asian session on Wednesday. The US Dollar (USD) edges higher against the Euro (EUR) after the release of minutes from the Federal Re...