Japan's FX intervention totals $65 billion Japan's suspected foreign exchange intervention has shifted the yen from undervalued to overvalued. The intervention totals around $65 billion, appreciating the yen by 1% to 2%. Japanese authorities appear to defend a 15
The Euro climbs against the Dollar as traders price in potential ECB tightening despite stronger US producer inflation data. The EUR/USD pair rose to 1.1720 in early Asian trading on Thursday, recovering from earlier losses. The move follows hawkish signals from the Europe
Bitcoin is described as the most efficient store of value for modern global trade, surpassing gold in portability and speed. MicroStrategy founder Michael Saylor stated Bitcoin represents the highest form of capital ever discovered, enabling long-term investment and econom
Legislation lifts seasonal restrictions on higher-ethanol fuel, boosting demand for corn and ethanol producers after repeated prior failures. The US House of Representatives passed a bill allowing year-round sales of E15 gasoline, which contains 15% ethanol, across the cou
PBOC to set daily USD/CNY rate at 6.7888 The People’s Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.
Pentagon must secure alternative rare earths supplies by January 2027 as China tightens control over critical materials. The US Department of Defense has less than eight months to eliminate reliance on Chinese rare earths, with a ban on their use in defense systems set for
Banks cite China's AI sector expansion and low oil dependency as key drivers for equities reaching an 11-year high. UBS and Morgan Stanley have upgraded their outlook on Chinese equities, highlighting earnings recovery and AI-driven growth. The Shanghai Composite surpassed
Lulu’s Fashion Lounge forecasts positive adjusted EBITDA next year as it shifts focus to growth after foundational reset work. Lulu’s Fashion Lounge Holdings Inc. (LVLU) expects to achieve positive adjusted EBITDA in 2026, supported by a $2.0M-$2.5M capital expenditure pla
OPEC lowers 2026 oil demand growth expectations Crude oil futures fell after OPEC lowered its oil demand growth expectations for this year. The near-shutdown of the Strait of Hormuz forced Middle East producers to cut output. OPEC forecast global oil demand
Fluent projects its Commerce Media segment to restore gross margins to the mid-20% range next year as it diversifies beyond retail. Fluent Inc. expects its Commerce Media gross margin to return to the mid-20% range in 2026, driven by expansion beyond its retail base. The c