Denver Couple Charged in Multi-Million Dollar Cryptocurrency Fraud Scheme
Denver Pastors Indicted for Cryptocurrency Fraud Elizio Peter and Caitlyn Marie Legalad, who lead the online-only Victory Grace Church, have been charged in Denver with allegedly swindling investors out of at least $3.4 million through a cryptocurrency scam. A recent indictment lists multiple felony counts against the couple, asserting they used their Indian Coin business […]
US Dollar gains support as Fed remains uncertain and trade optimism rises
The US dollar strengthened for the second consecutive day on Friday, buoyed by solid economic data and improved trade sentiment. Market participants remain cautious as they await next week’s Federal Reserve decision and the upcoming August 1 tariff deadline. After showing strong support around the psychological threshold of 97.00, the DXY US Dollar Index is […]
Forex Today: US Dollar resists negative pressure before upcoming data
Here’s what you should know for Friday, July 25th: US Dollar (USD) The Index gained over 0.3% on Thursday, breaking a four-day gain streak. This Friday, market activity is likely to pause as investors await the next driving factor. On the US economic calendar, durable goods orders for June will be released later. This week’s […]
Asian stocks decline from peaks, dollar rises as markets prepare for a significant week
Market Trends and Economic Outlook LONDON/TOKYO – Investors pulled back from high-valued global equities on Friday, with the dollar poised for its largest weekly decline as the market approaches a crucial week filled with events, including Donald Trump’s tariff deadline and significant central bank meetings. The MSCI global equity index dipped 0.2% in early European […]
Australian Dollar declines as US Dollar rises following trade news.
The Australian dollar retreats from recent peak The Australian dollar dipped from the eight-month high of 0.6625 it hit on Thursday. Traders are closely watching the upcoming meeting between US Treasury Secretary Scott Bescent and Chinese officials set for next week in Stockholm. Michelle Bullock, the Governor of the Reserve Bank of Australia, reaffirmed her […]
US Dollar Index rises to over 97.50 following varied US economic data
The US dollar index is expected to reach around 97.55 during Friday’s Asian session. The US Flash Manufacturing PMI decreased to 49.5 in July, while the Service PMI increased to 55.2 within the same timeframe. Attention is focused on the upcoming US-China trade discussions and the FOMC policy meeting next week. The US Dollar Index […]
US Dollar halts decline after reaching a two-week low with trade optimism
The US dollar has shown stability following a significant drop during the week, with the DXY index maintaining support above 97.00. Optimism about trade has heightened risk appetite, spurred by tariff agreements with Japan, Indonesia, and the Philippines. US President Donald Trump visited the Federal Reserve at 20:00 GMT, which adds political pressure on Chairman […]
Dollar rises against euro and yen as trade deal advances
Market Update on Currency Movements The dollar climbed against both the euro and yen on Thursday, buoyed by positive developments in U.S. trade talks with major partners. Uchida, a representative from Japan’s central bank, noted that the agreement with Washington alleviated economic uncertainties and sparked optimism regarding potential interest rate adjustments. However, some analysts are […]
US Dollar Index drops closer to 97.00 as traders evaluate new trade agreement
During the early trading hours in Asia on Thursday, the US dollar index dipped to around 97.15. Bessent indicated that a new candidate for the Federal Reserve president may be announced in December or January. Investors are anticipating upcoming discussions on US-China trade next week. The US Dollar Index (DXY), which reflects the value of […]
Australian Dollar continues its winning trend after better-than-expected PMI data
The Australian dollar reached a new eight-month high of 0.6617 on Thursday. S&P Australia’s combined PMI increased to 53.6 in July, the highest since April 2022. US Treasury Secretary Scott Beast mentioned that the next Federal Reserve Chair candidate might be named in December or January. The Australian Dollar (AUD) continued to gain against the […]