Key Takeaways 💵 Dollar strengthened due to strong U.S. PMI data 📈 U.S. services sector performed better than manufacturing 🪙 Bitcoin surged towards $100,000 mark 🌍 European Central Bank and Bank of England may cut interest rates 🇬🇧 Sterling weakened for the second straight week 🏫 Huang praised China’s contributions to open science research and … Read more
Key Takeaways: 💵 US dollar reached new high, Euro at two-year low 📉 Dollar gained due to expectations of Trump’s policies reigniting inflation 🌍 Eurozone business activity worsened, Eurozone PMI at 10-month low of 48.1 🇷🇺 Escalations in Russia-Ukraine conflict impacting markets 📉 GBP/USD fell to weakest point against dollar since May 🇯🇵 Japanese CPI … Read more
Key Takeaways: 💰 Most Asian currencies were muted due to the strength of the US dollar 🇨🇳 Chinese yuan depreciated against the dollar amid middling stimulus measures and has risen to a four-month high 🇰🇷 South Korean won and Singapore dollar have lost nearly 2% against the dollar this month 🇦🇺 Australian dollar and Indian … Read more
Key Takeaways: 💵 Dollar rose to a 13-month high amid labor market data and Fed comments 📉 Weekly initial jobless claims dropped to a seven-month low 🔄 Bitcoin surged more than 40% since U.S. election 📈 Market concerns that Trump policies could reignite inflation 🌐 Global economic output could suffer if trade becomes more fragmented … Read more
Key Takeaways: 💵 Dollar rose in choppy trading after latest labor market data and comments from Fed officials 🏛 Fed may cut rates again in Dec as unemployment rolls grow, giving room for further cuts 📉 Dollar index rose to 106.73, euro down at $1.0513 📈 Bitcoin surged over 40% since U.S. election on expectations … Read more
Key Takeaways: 💵 Dollar steadies as traders await clarity on Trump’s policies and interest rates 📈 Bitcoin surges towards $100,000 on speculation of easier cryptocurrency regulations under Trump 🌍 European leaders concerned about Trump’s proposed tariff hikes and political uncertainty in Germany and France 🔮 Market expectations for U.S. interest rate cuts decrease, with just … Read more
Key Takeaways 💸 The pound weakened against the dollar as investors watch for Trump’s Treasury Secretary pick 📉 Sterling has fallen by close to 2% against the dollar this month 🇬🇧 UK inflation pickup may impact Bank of England rate decisions 📅 Preliminary business activity surveys for UK, euro zone, and US due on Friday … Read more
Key Takeaways: 💵 Dollar consolidating near recent highs, showing strength 📉 Euro continues to weaken, affected by instability in eastern Europe 📈 US dollar buoyed by Trump’s policies indicating fiscal spending and potentially slower Fed easing 💷 GBP/USD fell after Britain’s higher-than-expected borrowing in October 🇯🇵 USD/JPY declined as yen rose on Bank of Japan … Read more
Key Takeaways: 💰 Dollar steadies as traders await clarity on Trump’s proposed policies 📈 Bitcoin surges towards $100,000 on speculation of easier regulatory environment 🇷🇺 Conflict between Ukraine and Russia impacting market sentiment 🇪🇺 Political uncertainty in Europe due to Trump’s proposed tariff hikes 🔗 Dollar rally driven by expectation of reigniting inflation and limiting … Read more
Key Takeaways 💵 The U.S. dollar paused its climb as traders wait for clarity on Trump’s policies and Fed rate cuts 📉 Dollar index down 0.11% at 106.49, but still close to one-year high despite market uncertainties 📊 There’s uncertainty about a Fed rate cut in December, adding pressure on the dollar 🔍 Traders are … Read more