EUR/USD recovers as mixed U.S. jobs data eases dollar strength
On Thursday, the euro (EUR) bounced back against the US dollar (USD) after an earlier decline, as the dollar lost traction due to traders reacting to mixed labor market data for September in the US. Currently, the EUR/USD is trading near 1.1541, recovering from a low of around 1.1502 earlier in the day. The September […]
Government data released late indicates the US added 119,000 jobs in September.
U.S. Job Growth Exceeds Expectations Despite Rising Unemployment Rate In the latest report following the government shutdown, the U.S. economy showed unexpected strength by adding a notable number of jobs. However, this surge isn’t likely to prompt a rate cut in the upcoming month. According to the Bureau of Labor Statistics, employers created 119,000 jobs […]
Gold prices in India today: A decline in gold values, based on FXStreet data
On Thursday, gold prices in India saw a decline, as reported by FXStreet. The gold price dropped to INR 11,554.31 per gram from INR 11,620.82 the previous day. For tola measurements, the price fell from Rs 135,543.00 to Rs 134,767.20. unit measurement Gold price in INR 1 gram 11,554.31 10 grams 115,510.60 tola 134,767.20 troy […]
GBP/USD continues to drop before the upcoming US NFP data release.
GBP/USD Experiences Decline Amid Economic Reports The GBP/USD currency pair faced renewed downward pressure on Wednesday, slipping nearly two-thirds of a percent to around 1.3060. Recent data from the UK Consumer Price Index (CPI) failed to ignite a lasting recovery for the British pound (GBP), resulting in a multi-week low for the currency, marking its […]
Elon Musk and Nvidia announce collaboration with a Saudi state-supported company to create a large AI data center.
Elon Musk’s xAI Partners with Nvidia and Saudi Arabia On Wednesday, Elon Musk’s xAI and Jensen Huang’s Nvidia unveiled a partnership with a Saudi Arabian state-run AI company to establish a large-scale AI data center in the Persian Gulf. This center will reportedly use up to 500 megawatts of electricity, marking xAI’s most significant site […]
Close to a Data Center? Get Ready for Power Outages This Winter
Winter Power Demand on the Rise The North American Electric Reliability Council (NERC) released a report on Tuesday indicating that winter power demand is growing, particularly in regions with a high number of artificial intelligence (AI) data centers. NERC’s 2025-2026 Reliability Report warns that many parts of North America might struggle to meet power demand […]
Asia Market Open: Bitcoin Falls Below $90K, Stocks Drop as Delay in US Data Keeps Markets Uneasy
Good morning from Asia. Here’s a quick look at the latest before the opening bell. Bitcoin has slipped below $90,000 in Asian markets today, marking its lowest point in six months. This drop comes as traders adjust their risk exposure while waiting for important U.S. data that has been postponed due to the government shutdown. […]
Google Unveils $40 Billion Commitment in Texas for Three AI Data Centers
Google’s $40 Billion Investment in Texas Google CEO Sundar Pichai and Texas Governor Greg Abbott recently announced a significant $40 billion investment in Texas. This plan includes the construction of three new data centers, with locations in West Texas and the Panhandle. This announcement highlights Texas’ rising role in the AI sector, made during a […]
EUR/USD slides again as investors wait for postponed US economic data.
EUR/USD Weekly Overview The EUR/USD started off the week on a weak note, hovering around the 1.1600 mark as it retreated from Friday’s peak above 1.1650. There seems to be a cautious mood in the market, as traders await some lagging economic data from the US that tends to favor the strong US dollar. Earlier, […]
Dollar rises slightly as investors prepare for a flood of US data
Market Update: Dollar Gains Amid Economic Data Anticipation SINGAPORE, Nov 17 – The US dollar saw a slight increase on Monday as investors prepared for a wave of economic reports following the government shutdown. There are hopes for better insights regarding the Federal Reserve’s interest rate decisions for December. Market reactions to President Trump’s reversal […]