Key Takeaways: 💰 Dollar held steady against the euro ahead of ECB rate decision and US jobs numbers 📈 Bitcoin nears record high amid ongoing crypto-mania 📊 China targets 5% economic growth for 2024 💹 Currencies affected by busy week of political and economic events 🏛️ ECB expected to keep interest rates at 4% 💼 … Read more
Key Takeaways: 💸 The dollar remained steady against the yuan after China’s policy statements lacked big stimulus measures 📈 Bitcoin is trading near $66,000, benefiting from flows into exchange-traded funds in the US 🇨🇳 China maintained an economic growth target of 5% and a budget deficit of 3% 🧮 Analysts express concerns about challenges to … Read more
Key Takeaways: 💱 Most Asian currencies had little movement on Tuesday due to China’s economic goals for 2024. 📉 Chinese sentiment was not significantly improved by the 5% GDP target for 2024, with doubts on achievability due to fiscal deficit targets. 📈 Australia’s dollar fell slightly despite improved current account data, signaling potential GDP improvement. … Read more
Key Takeaways 🇨🇦 Canadian Dollar weakened against the U.S. counterpart due to falling oil prices and uncertain risk sentiment 🏦 Bank of Canada expected to hold rates at 5% with an 80% chance of rate cuts starting in June 📊 Traders closely monitoring BoC’s commentary for hints on rate cuts, which could further weaken the … Read more
Financial Market Update 🇪🇺 Euro rose 0.15% to $1.08565, while dollar index was down 0.03% at $103.83 💼 Federal Reserve Chair Jerome Powell will testify before lawmakers on Wednesday and Thursday 📉 Markets were pricing in substantial interest rate cuts early this year, but bets have since been reduced 🌍 Market participants think further gains … Read more
Key Takeaways: 🔍 U.S. dollar weakened slightly at the start of the week 📈 Euro and pound edged up, while yen fluctuated 📊 Dollar index remained flat 💼 Important market events include Britain’s budget, ECB meeting, U.S. jobs data, and China’s parliament meeting 📉 Markets now expect the first Fed rate cut to come in … Read more
Key Takeaways: 💵 U.S. dollar weakened slightly at the start of a busy week for markets 📈 Bitcoin rose to a more than two-year peak above $64,000 🌍 Major events in the U.S. and Europe could trigger volatility 🏦 Markets pricing in interest rate cuts but bets have reduced 📊 Currency volatility at its lowest … Read more
Key Takeaways: 💵 The U.S. dollar drifted within a tight range on Monday due to lower Treasury yields. 📈 Bitcoin reached a more than two-year peak amid big flows into cryptocurrency exchange-traded funds. 🇪🇺 The euro was firm ahead of the European Central Bank policy decision. 💴 The yen fluctuated around 150 per dollar as … Read more
Key Takeaways: 💵 Most Asian currencies were stable on Monday with the dollar steadying from recent losses 📉 Dollar index and futures were relatively unchanged after two weeks of losses 🇨🇳 China’s annual congress expected to unveil more stimulus measures 📊 Speculation over interest rates influenced by upcoming testimony by Fed Chair Jerome Powell 📈 … Read more
Key Takeaways: 💰 Adani Green Energy is planning to issue dollar-denominated green bonds for the first time with an 18-year tenor 🌱 The company’s plan to issue these bonds aligns with its commitment to renewable energy initiatives 🔋 The issuance of dollar-denominated green bonds reflects Adani Green Energy’s growing presence in the renewable energy sector … Read more