News
USD Falls Despite Hawkish Fed Minutes The US Dollar is trading lower today on the back of yesterday’s FOMC minutes, despite the minutes taking a broadly hawkish tone. Policymakers agreed that significant progress had been made on inflation but were concerned over the risks of tightening too early. While members agreed that the tightening cycle […]
Iron Ore Under Pressure Iron ore bulls will be hoping that the current weakness in USD extends further today, helping stem the sell off in the metal. Iron ore futures have shed around 13% so far this year as concerns over the health of the Chinese economy have weakened the demand outlook for the metal. […]
The Japanese yen, paired with the US dollar, continues to consolidate. The current USDJPY exchange rate stands at 150.22. On Thursday, the Japanese Minister of Finance, Shunichi Suzuki, stated that the authorities have no defence line for the currency and the market. At the same time, the government deems it necessary to monitor volatility in […]
The primary currency pair experienced a significant increase on Thursday. The current EURUSD exchange rate stands at 1.0837. Yesterday, the main focus was on the publication of the US Federal Reserve’s previous meeting minutes, which revealed that most monetary policymakers are concerned about the risks associated with rapidly lowering interest rates. The current concern for […]
Bitcoin Rally Pauses…For Now Following a breakout move higher last week, Bitcoin futures have stalled for now into a test of the 53385 level. However, with BTC whales (accounts holding +1000 BTC units) seen adding bullish positions in recent weeks, sentiment has shifted firmly to the upside and focus is on a fresh push north. […]
NVIDIA Earnings Due Today promises to be an important day for the tech sector with chipmaker Nvidia due to report Q4 earnings after the market closes. The stock plunged more than 6% yesterday, wiping around $100 billion off the company’s value, as traders covered positions ahead of today’s report. The stock has been on an […]