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Markets
WTI rises to near $60.00 on supply risks due to US sanctions
West Texas Intermediate (WTI) Oil price gains for the second successive session, trading around $59.90, up by more than 2%, during the Asian hours on Friday. Crude Oil prices…
PBOC sets USD/CNY reference rate at 7.0825 vs. 7.0865 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0825 compared to the previous day's fix of 7.0865 and 7.0964 Reuters…
GBP/USD bulls struggle as UK tax plans and weak data weigh
GBP/USD caught a brief bullish slant to Thursday’s trading window, with Cable traders brushing off a worse-than-expected Gross Domestic Product (GDP) growth print from the third…
The tech Gods blink
Everything hit the tape today with the grace of a falling grand piano from a skyscraper. Screens went red, the risk complex convulsed, and traders—half-joking,…
USD/JPY slips as Greenback weakens, Fed rate cut bets hinge on delayed US data
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Thursday, with USD/JPY snapping a four-day winning streak as the Greenback extends its recent slide. At the time…
nears 204.00 as uptrend stalls amid intervention threats
The GBP/JPY prolongs its gains on Thursday up a modest 0.22%, distancing from the 20-day Simple Moving Average (SMA) at 202.48, seen as the first support area for the cross-pair.…
EUR/USD hits two-week high above 1.1650, stalls below key resistance
EUR/USD advances past the 1.1600 figure on Thursday, hitting a two-week high of 1.1656, yet is unable to decisively crack the 50-day Simple Moving Average (SMA) key resistance at…
Need to proceed with caution now
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about the US economy and monetary policy at the Economic Impact & Policy Forum hosted by the University…
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Dow Jones tumbles 560 points as equity backslide gathers steam
The Dow Jones Industrial Average (DJIA) took a sharp step back on Thursday, declining around 600 points at its lowest and falling away from record highs posted during the midweek…