Bitcoin Falters Amid Middle East Tensions, Analysts Eye Fed Cuts and U.S. Election for Optimis Bitcoin speculators hoping for a strong October start were met with disappointment as rising tensions in the Middle East triggered caution across global markets. The digital asset dropped 4.7% on Tuesday, its biggest fall in nearly a month, following Iran’s […]

Dollar Climbs Amid Middle East Tensions After Iranian Missile Attack on Israel The dollar held its strongest weekly gain on Wednesday as an Iranian missile attack on Israel spurred safe-haven buying, raising concerns about the expanding conflict in the Middle East. Iran’s Revolutionary Guard Corps fired over 180 ballistic missiles at Israel, citing retaliation for […]

Dollar Gains After Powell Pushes Back on Bigger Rate Cuts The U.S. dollar rose on Tuesday as Federal Reserve Chair Jerome Powell pushed back against expectations for additional large interest rate cuts, signaling a more cautious approach. Powell, speaking at a conference in Tennessee, indicated the Fed is likely to continue with quarter-point rate cuts, […]

U.S. Dollar Gains as Fed Signals Caution on Rate Cuts; Global Currencies React to Policy Shifts The U.S. dollar firmed against major currencies on Tuesday after Federal Reserve Chair Jerome Powell signaled a more cautious approach to rate cuts, pushing back against expectations of larger reductions. Powell’s hawkish tone at a conference suggested that the […]

Pound Holds Near Multi-Year Highs as Traders Bet on Bank of England Caution The pound steadied around multi-year highs against the dollar and euro on Monday, buoyed by the Bank of England’s relative hawkish stance compared to other central banks. Traders expect the BoE to be more cautious in cutting rates than the Federal Reserve […]

Oil prices rise on Middle East conflict fears as Israel steps up attacks Oil prices extended gains on Monday, buoyed by escalating concerns over potential supply pressures from Middle East producers following Israel’s increased attacks on Iranian-backed forces in the region. Brent crude futures for November delivery increased 51 cents, or 0.71%, to $72.49 a […]

Gold Set for Strongest Quarterly Performance Since 2016, Silver Hits Highest Price Since 2012 Gold paused its record-breaking rally on Friday but remained on track for its strongest quarterly performance since 2016, driven by the U.S. Federal Reserve’s recent interest rate cut. Spot gold was slightly down at $2,666.50 per ounce, just below the previous […]

Asian Markets Surge as China’s Stimulus and US Economic Strength Boost Risk Appetite Asian stocks extended gains, driven by strong momentum from China’s stimulus measures and positive US economic data. China’s CSI 300 Index is set for its largest weekly rise since 2008, as officials introduced fiscal support and property sector stabilization efforts to boost […]

Global Stocks Surge on China’s Stimulus Pledge and Rate Cut Bets; Focus Shifts to US Jobs Data and Powell’s Speech Global stocks rallied as China pledged fiscal stimulus and traders increased bets on interest-rate cuts by major central banks. The S&P 500 futures rose 0.8%, while Nasdaq 100 contracts jumped 1.5%. European stocks also surged, […]

Asian Markets Rally as China Stimulus Hopes and Bank Infusion Talks Lift Investor Sentiment Asian markets surged on Thursday, overcoming Wall Street’s overnight slump, buoyed by optimism over China’s fresh stimulus efforts. A potential $142 billion capital infusion into major Chinese banks, as reported by Bloomberg, fueled the rally, following recent measures aimed at countering […]