The Australian Dollar remains under pressure as traders await China’s Consumer Price Index figures for market direction. The Australian Dollar traded around 0.7240 against the USD during Asian hours, remaining in negative territory despite a modest rebound from a bearish o
The Australian Dollar remains under pressure near 0.7240 USD as traders await China’s April CPI and PPI figures. The AUD/USD pair traded around 0.7240 during Asian hours, remaining in negative territory despite early gains. Investors are focused on China’s upcoming Consume
The pair rebounds 50 pips in Asian trading but struggles near 1.3600 as geopolitical risks and Fed policy support the USD. The GBP/USD pair erased early losses, climbing nearly 50 pips to reclaim the 1.3600 level during Asian trading. The recovery follows a bearish gap at
Apollo weighs sale of MidCap Financial Investment Corp Apollo Global Management is considering selling its $3 billion business development company, MidCap Financial Investment Corp, due to rising loan defaults and redemption pressure. The company's loan defaults jumpe
The bank’s Bitcoin trust amassed $239.6 million in net assets over its first month, marking its strongest ETF debut. Morgan Stanley’s Bitcoin Trust (MSBT) recorded $193.6 million in cumulative net inflows and $239.6 million in net assets from April 8 to May 7. The fund saw
Asset managers signal rising inflation risks from energy disruptions could delay or reverse Fed easing plans this year. Pimco’s chief investment officer said Federal Reserve rate cuts would be counterproductive amid inflation pressures from the Iran conflict’s impact on oi
US and China to discuss trade and technology issues The upcoming meeting between US President Donald Trump and China's Xi Jinping will cover a range of issues including trade, technology, and rare earth export controls. The agenda also includes discussions on Taiwan,
China’s central bank will announce its daily yuan reference rate, influencing onshore trading within a 2% band around the midpoint. The People’s Bank of China is expected to set the USD/CNY reference rate at approximately 6.7988 in its daily fixing. This midpoint guides on
CEO Phong Le outlines two scenarios where the firm will sell Bitcoin to optimize shareholder value or tax efficiency. Highlight Clip Strategy will sell Bitcoin only under two conditions, CEO Phong Le said on May 9, 2025. The shift marks a departure from its prior 'never se
UK and France co-chair meeting on Hormuz shipping plans The UK and France are co-chairing a 40-nation defence ministers' meeting to discuss plans to restore shipping through the Strait of Hormuz. The meeting follows a warning from Iran that any foreign warships wou
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