In the aftermath of the second US Gross Domestic Product (GDP) reading, the US Dollar (USD) finds itself off its intraday high, grappling with the nuanced implications of the unveiled data. While the...
Dollar Testing Support Following GDP Miss
Soft Data Weighing on USDThe US Dollar remains muted as we move through into the back end of the week. Yesterday, advance Q1 GDP came in a touch below forecasts at 3.2% vs 3.3% expected. On the back...
Nasdaq Holding Near Highs Ahead of US GDP
Weaker USD Helping StocksUS stock markets remain well-bid into the middle of the week as USD stays muted on the back of a set of weaker-than-forecast data yesterday. Following on from the weak January...
Ethereum Breaking Out As Crypto Rally Balloons
ETH SoaringThe rally in Bitcoin is helping drive a broad bull move across the crypto space currently. Second largest traded coin Ethereum is now back up to its highest levels since March 2022, close...
Coinbase Shares Soar on Fresh Crypto Rally
Crypto Boom Helping SharesShares in the leading global crypto-broker Coinbase are trading sharply higher this week as the ongoing surge in crypto prices drives up trading volumes and deposits....
Gold Shines Amidst the Fed's Interest Rate Uncertainty
In Tuesday's early New York session, gold showcased its resilience against the US Dollar, buoyed by hopes of an eventual dovish turn in Federal Reserve policy. Investors, eyeing a potential...
BOJ Tightening Risks Seen on CPI Beat
Japanese Inflation Tops ForecastsThe Japanese Yen is seeing better demand across early European trading on Tuesday. Overnight, the latest Japanese inflation data has once again turned for onto...
Lagarde Warns Wage Growth Remains Key For Inflation
EUR Higher Following Lagarde CommentsEURUSD continues to grind higher today with the pair now up around 2% off the year-to-date lows. Yesterday we heard from ECB president Lagarde who said that while...
Whales Driving Bitcoin Rally Ahead of Halving Event
Bitcoin Rally Approaching Key LevelThe rally in Bitcoin continues to gather pace today with the leading crypto coin now back up to levels not seen since November 2021. BTC futures have now risen more...
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