Pound Sterling strengthens on upbeat UK GDP data, risk-on market mood – FXStreet
Sterling of the pound has made progress as the UK's GDP rose at a robust pace in December and an astonishing expansion in the last quarter. Boe's Greene and Pill have led a gradually more cautious approach to interest rate reductions. Investors are volatility as the US president is poised to announce mutual tariffs. Pound […]
Trump Strengthens Israel’s Bargaining Position vs. Hamas, Hezbollah
Trump administration strengthens Israel's negotiating position in its first week in office against Hamas and Hezbollah, two Iranian-backed terrorist organizations that launched a brutal war against Israel in October 2023 but failed did. On Sunday, Hamas withdrew and agreed to reveal the number of surviving hostages (18) out of the 33 scheduled to be released […]
Australian Dollar strengthens following Trump's comments on tariffs on China – FXStreet
Australian dollars will expand their profits following Trump's optimism for China. PBOC maintained interest rates to 2.00 % and injects 200 billion yuan into financial institutions through a year MLF. President Trump called for the US Federal Reserve to reduce interest rates. The Australian dollar (AUD) has been gaining upwards for US dollars (USD) for […]
U.S. Jobs Market Strengthens For Third Straight Month, Conference Board Says
The U.S. labor market is likely to remain strong in the coming months, according to monthly employment trends indicators, indicating that the softening seen in the middle of last year is temporary. The Conference Board's employment trends index rose to 109.7 from a downwardly revised 109.45 in December, a private research group said Monday. “The […]
Dollar strengthens as solid US data pushes up bond yields – Yahoo Finance
Tom Westbrook and Greta Rosen Fondern SINGAPORE/GDANSK (Reuters) – The dollar rose for a second straight day on Wednesday, but bond yields soared on positive U.S. data and bets on a U.S. Federal Reserve rate cut. As a result, other major currencies slumped near their lowest levels in months. Tuesday's data showed the number of […]
EUR/USD strengthens above 1.0500, all eyes are on Fed rate decision – FXStreet
EUR/USD gained momentum in Wednesday's Asian session to around 1.0505. The US Federal Reserve is expected to cut interest rates for the third time in a row at its December meeting on Wednesday. Rising expectations for further interest rate cuts from the ECB could cause the euro to fall. In early European trading on Wednesday, […]
Oil News: Crude Traders Eye OPEC Report as Dollar Strengthens – FX Empire
Will OPEC's monthly report move the market? Traders are awaiting OPEC's monthly report, which could provide guidance on the direction of prices. Oil markets are hesitant, weighing concerns about a global supply glut and disappointment with China's recent $1.4 trillion stimulus package, which failed to boost oil demand. Concerns about deflation in China and Beijing's […]
Hurricane Milton Strengthens Into Category 5 Storm With Florida Bracing For Life-Threatening Impacts
Hurricane Milton has strengthened into a Category 5 hurricane as the monster storm continues to spin across the warm waters of … source
Hurricane Kirk strengthens into a Category 3 storm in the Atlantic
Hurricane Kirk is expected to strengthen into a Category 3 storm in the Atlantic Ocean Wednesday and rapidly grow into a major hurricane, forecasters said. There were no coastal watches or warnings in effect, and the storm system was not yet considered a threat to land. Kirk reached Category 3 status on Wednesday, according to […]
US strengthens Lebanon travel advisory following death of Hezbollah leader
Following the death of Hezbollah leader Hassan Nasrallah in an Israeli attack, the State Department strengthened its travel advisory to Lebanon and renewed calls for Americans to leave the country. The latest advisory, issued Saturday, ordered the departure of family members of non-mission employees and allowed the departure of family members of mission employees and […]