Euro About to Surpass $1.12 on Interest Rate Prospects

Euro About to gain strength in European trade on Wednesday, rising against a basket of major rivals and inching closer to the significant $1.12 mark against the U.S. dollar. This recent uptrend marks a four-week high for the euro and is fueled by shifting expectations regarding interest rates in both Europe and the U.S. Recent…

Read more about Euro About to Surpass $1.12 on Interest Rate Prospects

The Oil Prices experienced a decline in American trade on Wednesday, retreating from three-week highs. This drop was largely attributed to profit-taking among investors who were assessing the potential impact of new stimulus measures in China on fuel demand. Profit-Taking and Market Reactions After a period of rising prices, traders decided to lock in profits,…

Read more about The Oil Prices Give Up Three-Week High on Profit-Taking

Yen Sharpens continued its decline in Asian trade on Thursday, extending losses against the U.S. dollar and hitting its lowest level in three weeks. This downward trajectory followed the release of the Bank of Japan’s (BOJ) July meeting minutes, which revealed internal division among policymakers about the future of interest rate hikes. Yen Hits Three-Week…

Read more about Yen Sharpens Decline to Three-Week Low

Gold Trades prices surged on Thursday in European trade, approaching record highs, as investors anticipated a potential 0.5% interest rate cut by the Federal Reserve in November. With traders seeking clues on the Fed’s future actions, all eyes are now on the latest batch of US economic data and a highly anticipated speech by Federal…

Read more about Gold Trades Near Record High Before Powell’s Speech

Global oil prices took a sharp downturn, reaching two-week lows during American trading sessions. This decline has marked a second consecutive day of losses, primarily driven by reports suggesting Saudi Arabia’s intention to increase oil production in December. The news has sparked fears of a potential oversupply in the global oil market, overshadowing positive data…

Read more about Oil Prices Slide to Two-Week Low on Concerns

Ethereum Climbs Over The cryptocurrency market saw a notable rise on Thursday as demand for high-risk assets rebounded across global markets. Ethereum, one of the major players in the crypto space, climbed over 2%, reflecting renewed optimism surrounding the broader economic landscape. Let’s break down the factors behind this surge in risk assets and what…

Read more about Ethereum Climbs Over 2% as Risk Assets Demand Rebounds