EUR/USD climbs past 1.1500 as the US Dollar weakens, likely due to a technical correction
The EUR/USD pair may continue to rise as the US dollar appears poised for a recovery amidst increased demand for safe havens. The chairman of the U.S. Senate Intelligence Committee mentioned that President Trump will give Iran one last opportunity to resolve its nuclear program. ECB President Lagarde indicated that the era of interest rate […]
Man climbs 250-foot-high tower of the Roosevelt Island Tram in New York City
Police, along with surprising video footage, revealed that a masked climber, described as a “Daredevil,” had to be apprehended while attempting to scale the Roosevelt Island tram on Monday evening. The 20-year-old suspect was seen casually pacing along the gangway of the tram’s 250-foot-high support tower on the Manhattan side. The footage showed him occasionally […]
EUR/USD climbs toward 1.1450 as trade issues impact the dollar
Recent ISM data indicates continued contraction in manufacturing, leading to a 0.68% rise in EUR/USD. Trump’s new tariff threats against China and metals are pushing investors away from the dollar. EU’s Sefcovic is set to meet USTR Greer in Paris as trade tensions escalate across the Atlantic. During the North American session, EUR/USD climbed, hitting […]
Forex Today: US Dollar declines due to fiscal worries, Pound Sterling climbs to multi-year peaks.
Market Update – May 23 Here’s what you should know today: The US Dollar (USD) is facing challenges maintaining its strength against other currencies as it revealed a slight gain on Thursday. The European Central Bank (ECB) is set to release wage rate data for the first quarter. In the U.S., the only economic data […]
EUR/USD climbs for a third consecutive day as the US dollar weakens.
EUR/USD Breaks 1.1300 Mark The EUR/USD climbed above 1.1300 on Wednesday. Market sentiment soured towards the US dollar after a rise in Treasury yields and falling bond demand. PMI reports are set to come out on Thursday from both the US and Europe. The EUR/USD pair gained traction on Wednesday, surpassing the 1.1300 level. This […]
Inflation Climbs to Its Highest Level in 15 Months as Utility Costs Rise
UK Inflation Rate Hits High in April In April, the UK’s annual inflation rate peaked, primarily driven by rising household energy and water costs, as indicated by new official data released on Wednesday. The consumer price index soared to 3.5% last month, a significant increase from 2.6% in March, according to the National Bureau of […]
GBP/USD Price Outlook: Climbs toward February 2022 highs near 1.3450
GBP/USD encounters immediate resistance at 1.3445, marking the peak since February 2022. The 14-day relative strength index (RSI) rises above 50, reinforcing the bullish sentiment. Initial support is identified at the 9-day EMA of 1.3339. The GBP/USD pair is expected to continue its positive trend for the third day in a row, hovering around 1.3430 […]
EUR/USD climbs close to 1.1200 as the US Dollar weakens due to budget worries.
The US dollar is expected to strengthen even as it weakens in light of a downgrade in the US credit rating. Moody’s anticipates a significant increase in US federal debt, projecting it to reach about 134% of GDP by 2035, up from 98% in 2023. There are hopes for another interest rate cut from the […]
Bitcoin Climbs as Wall Street Solidifies ‘Liberation Day’ Recovery Following Positive Jobs Report – Decrypt
Simply put Bitcoin has climbed above $97,000. Stronger-than-expected job reports have led to discussions about interest rate cuts. US stocks have bounced back following Trump’s “liberation day” announcement. Bitcoin’s price action was set aside until Friday as investors reacted to robust employment reports, which contrasted with some indications of an economic slowdown. As per a […]
Death toll from Dominican Republic nightclub roof collapse climbs to 225 as 4 die from injuries: officials
Four people hospitalized in a Dominican Republic nightclub with injuries caused by roof collapse died overnight, bringing the death toll to at least 225, health officials said on Saturday. Of the more than 200 injured, 15 remain hospitalized, including five in dangerous conditions, officials said. A total of 189 people have been rescued from the […]