Bitcoin Slumps as US Action on Venezuela Creates Turmoil Before Fed Meeting
Simply put The US has conducted two strikes against a vessel suspected of drug trafficking in Venezuela, resulting in the deaths of 14 people, including President Maduro. Despite the geopolitical unrest, analysts have observed Bitcoin prices remaining relatively stable at around $115,018, but caution traders to watch their resistance and support levels closely. A large […]
EUR/USD slumps on increasing hopes of easing US-China trade war – FXStreet
As the US dollar increases the likelihood of elimination of escalations in the US-China trade war, the EUR/USD drops to near 1.1350. Beijing is considering suspending additional duties on some products from the US. ECB Holtzmann warns of the structural weakness of the eurozone economy. EUR/USD During North American trading hours on Friday, trading will […]
Trump’s Popularity With US Voters Slumps In Opinion Polls
Washington: President Donald Trump’s popularity has sunk ever since he was furious at the White House, polls said on Wednesday that Americans criticized him for key issues of the economy and immigration. Republicans unleashed a flood of actions ranging from wiping tariffs to suppressing immigrants, taking into account the overwhelming missions of American voters. However, […]
Gold price slumps below $3,010 on tariff relief, high US yields – FXStreet
Gold will fall by 0.67% as the US limits tariffs on certain trading partners and alleviates the fear of global trade. The US Treasury harvest and the strength of the dollar continue to establish a bullish momentum for gold. FED's boss signal will only be one rate cut in 2025, pushing the inflation target up […]
EUR/USD advances as US Dollar slumps ahead of US NFP – FXStreet
EUR/USD will rise above 1.0850 as the US dollar performs poorly ahead of the US dollar's NFP data release in February. President Trump has announced exemptions for more products imported from Canada and Mexico. Due to German debt reforms, traders forced ECB dovish bets. EUR/USD is posting a new four-month height jumping over 1.0850 in […]
Pound Sterling slumps against USD as US NFP looms large – FXStreet
Sterling of the pound is facing pressure on key peers ahead of BOE's monetary policy on Thursday. BOE is widely expected to cut interest rates to 25 bps to 4.5%. Investors are awaiting US NFP data. This will affect the Fed's expectations for its monetary policy outlook. Pound Sterling (GBP) slumps near 1.2440 against the […]
Dollar slumps to 8-week low vs yen as trade war risk recedes – Yahoo Finance
By Kevin Buckland TOKYO (Reuters) – Thursday rose to the top of the 8-week against the US dollar on Thursday after members of the Bank of Japan's policy committee advocated for a continuous interest hike. The dollar has approached its lowest level against fellow baskets, including the yen, since its launch last week, and investors […]
AUD/USD slumps to near 0.6220 on soft Aussie CPI, Fed policy in focus – FXStreet
Aud/USD has decreased to nearly 0.6220 due to soft Australian CPI data boosting RBA Dovish betting. The Australian CPI in the same period of the previous year rose at a slow pace of 2.4 % in the last quarter of 2024. The Fed is sure to announce a suspension with a spell that extends the […]
Pound Sterling slumps as UK Retail Sales declines unexpectedly – FXStreet
Sterling is underperforming major currencies as weak UK retail sales data strengthens the case for a BoE interest rate cut in February. UK monthly retail sales fell by 0.3% in December, despite expectations for strong growth of 0.4%. The US dollar rose despite a slight acceleration in the Fed's dovish outlook. Sterling (GBP) fell sharply […]
Pound Sterling slumps as UK GDP, factory output unexpectedly contract in October – FXStreet
The pound slumped after data showed the UK's monthly GDP fell by an astonishing 0.1% in October. British industrial and manufacturing production also fell month-on-month in October. Investors expect the Fed to pause policy easing in January after cutting rates next Wednesday. The British pound (GBP) fell sharply against major currencies on Friday after Britain's […]