VanEck, a leading global investment firm, has announced the launch of its new SUI Exchange-Traded Note (ETN). This innovative product, listed on Euronext Amsterdam and Paris, offers investors a unique opportunity to gain exposure to the burgeoning Sui blockchain without directly holding its native token, SUI. Sui’s Meteoric Rise Sui, […]
China’s crude oil imports continued to decline in October, marking the sixth consecutive month of year-on-year decrease. According to customs data, imports fell by 9% to 44.7 million tons, equivalent to 10.5 million barrels per day. Weakening Demand Drives Import Decline Commerzbank’s commodity analyst, Carsten Fritsch, attributes the weakening import […]
The US Dollar (USD) showed signs of recovery on Friday, following a week of volatility, as it found support after Federal Reserve (Fed) Chairman Jerome Powell reassured markets of his position. Despite concerns about political pressure under President-elect Donald Trump’s administration, Powell firmly asserted that the Federal Reserve remains an […]
The GBP/USD exchange rate continues to struggle as the British Pound slips deeper below the 1.3000 level, pressured by a strong U.S. Dollar. The pair’s decline reflects the ongoing demand for safe-haven assets as investors turn risk-averse amid market uncertainty. On Friday, GBP/USD was trading around 1.2938, marking a 0.37% […]
The Mexican Peso (MXN) has seen a dip in value against the U.S. Dollar (USD) as global markets react to the recent re-election of Donald Trump and his anticipated economic policies.On Friday, USD/MXN continued a broader upward trend, with support observed around the 50-day Simple Moving Average (SMA) near 19.70. […]
In a positive turn for the U.S. economy, the University of Michigan’s Consumer Confidence Index surged to 73 in November, surpassing market expectations of 71 and up from 70.5 in October. This improvement in consumer sentiment signals a strong recovery in confidence despite ongoing economic challenges. The latest reading marks […]
The EUR/GBP pair is currently on a four-day losing streak, hitting its lowest levels in over a week, as bearish sentiment continues to dominate the market. At the time of writing, the pair has plunged to around 0.8310, with the psychological 0.8300 level looming as a significant support area. Despite […]
The Mexican Peso (MXN) continued its downward spiral on Friday, plunging by 1.85% against the US Dollar (USD), as markets reacted to the potential economic fallout from Donald Trump’s presidential victory. Traders are grappling with the prospect of Trump reinstating tariffs on Mexican imports, exacerbating inflationary pressures and disrupting global […]
Silver prices slipped below the crucial $31.50 mark on Friday as the U.S. dollar strengthened, following former President Donald Trump’s election win. The XAG/USD is now trading around $31.29, down 2.29% from recent highs, pressured by ongoing dollar strength and lingering bearish momentum that continues to weigh on the metal’s […]
Gold prices experienced a significant decline on Friday as the US Dollar staged a recovery despite falling Treasury yields. The precious metal has been under pressure as traders reassess the impact of recent political events and potential economic shifts. The recent surge in the US Dollar has eroded the appeal […]
