The USDJPY is ticking up to new highs as yields move higher after the FOMC rate decision and comments Overall, Powell leaned mildly hawkish — not aggressively so, but the weight of his comments tilted that way. The key tells: The hawkish core was his refusal to commit to cuts without inflation progress, the dot…
Qatari Interior Ministry: The security threat level is high, and everyone must adhere to staying in homes and safe places Foreign ministry: Iran targeting it is “irresponsible approach” Ras Laffan attack is “direct threat” to its national security There are videos now showing two strikes on Ras Laffan. There are two fires but keep in…
Prior was -0.7% January non-defense capital goods orders ex air +0.1% vs 0.0% prelim The Census Bureau’s Manufacturers’ Shipments, Inventories, and Orders (M3) survey tracks the dollar value of new orders, shipments, unfilled orders, and inventories across the U.S. manufacturing sector. The full factory orders report covers both durable and nondurable goods and is typically…
PayPal rolls out its PayPal USD stablecoin to 70 markets in one night. Now, millions of people can get instant access to the PYUSD stablecoin. PayPal USD is now available to users in 70 markets around the world. This is one of the most expansive global rollouts of a stablecoin by a major fintech company….
Producer prices came in hotter than expected, reinforcing the recent shift toward a more inflation-conscious narrative. Headline PPI rose 0.7% MoM versus 0.3% expected, while the year-over-year rate accelerated to 3.4% (vs 2.9% expected). Core measures told a similar story, with PPI ex-food and energy up 0.5% MoM (vs 0.3% expected) and the annual rate…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
The USD is little changed as markets grow increasingly comfortable with developments in the Middle East. At the same time, attention is shifting toward a heavy slate of central bank decisions, highlighted by today’s Fed announcement. As North American traders enter, the dollar is mixed against the major currency pairs, with price action—rather than direction—telling…
Crypto market capitalisation increased by a further 2.7% in the last 24 hours, reaching $2.54 trillion. At its peak earlier in the day, the market climbed to $2.58 trillion, its highest since early February. This indicates a period of consolidation above the 50-day moving average, an attempt to break free from the correction pattern following…
The EURUSD is continuing its push to the upside, with the pair now stretching toward an important technical ceiling defined by the 200-hour moving average at 1.15499. As the price approaches that level, traders are once again faced with a familiar question: can the buyers build enough momentum to break through, or will sellers step…
The USDCHF has moved lower today as the market rotates back toward support following last week’s strong rally. The pair began its move higher from 0.7747 on Tuesday and extended to a peak of 0.7922 yesterday, stalling just short of the 61.8% retracement at 0.79242. That failure near a key Fibonacci level helped trigger the…
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