Bitcoin (BTC) made a notable breakout on Wednesday, surpassing its previous all-time high of $73,777, as Republican nominee Donald Trump inched closer to securing a presidential victory. The market’s excitement around Trump’s likely economic policies and their impact on the US Dollar is contributing to the growing bullish sentiment, with […]
Gold (XAU/USD) has fallen out of favor with investors as capital pours into riskier assets, driven by the likelihood of Donald Trump securing a victory in the 2024 US presidential election. The precious metal, once seen as a safe haven, has been down by nearly 0.5%, trading in the $2,720 […]
The Mexican Peso (MXN) is experiencing significant pressure as Donald Trump moves closer to securing a second term in the White House, with the latest election results showing him leading with 267 electoral votes. The Peso has plunged nearly 3% against the US Dollar (USD), extending its recent downtrend as […]
In a fresh wave of market volatility, the USD/CNH has surged by around 1%, signaling growing concerns over a potential resurgence in trade wars. As the global financial landscape braces for impact, emerging markets (EMs) are seeing significant pressure, with analysts at ING highlighting key battlegrounds that could shape the […]
The New Zealand Dollar (NZD) has recently shown signs of volatility, with the NZD/USD pair dipping near key support levels. According to UOB Group’s FX analysts, Quek Ser Leang and Lee Sue Ann, while the NZD could break below the critical 0.5940 level, a sustained decline is unlikely, and the […]
Silver (XAG/USD) has recently experienced a dip below the $32.50 mark, with price action on Wednesday reaching as low as $32.20 during the European session. This decline signals a potential shift in momentum, raising concerns among traders who were previously focused on silver’s bullish trajectory. Bearish Signals on the Horizon […]
The USD/JPY pair surged by over 1% today, largely driven by the rise in US Treasury yields, according to ING’s FX analyst, Chris Turner. The yen’s performance is drawing significant attention as investors closely watch the shifting dynamics in both the US and Japan, especially with global trade tensions on […]
The US dollar surged overnight, making significant gains, while the euro took a hit, losing more than any other G10 currency. According to Ulrich Leuchtmann, Commerzbank’s Head of FX and Commodity Research, this drop in the euro is no coincidence and has significant implications for the euro area’s economic outlook. […]
In a victory speech that echoed his campaign promises, Donald Trump took the stage at the Palm Beach Convention Center, celebrating what he described as a historic political triumph. Widely projected to win the presidency, Trump emphasized his commitment to healing the nation, reducing taxes, and securing America’s borders. “This […]
China’s policy outlook for 2025 has started to crystallize, with the Standing Committee of the National People’s Congress (NPC) taking critical steps to buffer against global economic uncertainties. According to Standard Chartered economists Shuang Ding and Hunter Chan, China’s focus has shifted from immediate growth risks in 2024 to a […]
