Rising crude prices and US-Iran tensions drive the USD/INR pair higher, weakening the INR amid India’s heavy oil import dependence. The Indian Rupee (INR) fell against the US Dollar (USD) at Thursday’s open, with the USD/INR pair climbing to near 95.65. The decline follows
Gold bounces to $4,080 after breaking below March low Gold is currently trading at $4,080 levels after touching a low of $4,024 earlier. The precious metal broke below the March low of $4,099 yesterday. The break lower is attributed to a technical breakdown since Fr
Escalating Middle East conflict drives oil prices higher while regional equities show mixed performance amid geopolitical uncertainty. Asian equities displayed mixed trading patterns Thursday as investors assessed rising tensions in the Middle East after fresh U.S. militar
Oracle expects 34% FY27 revenue growth Oracle plans to spend $70 billion on net cash capex. The company's Q4 fiscal 2026 revenue was $19.2 billion, up 21%. This growth was driven by strength in cloud infrastructure and cloud apps business.
May CPI rise to a three-year high dims Fed rate-cut hopes, weighing on non-yielding assets like Bitcoin and gold. US consumer prices rose 4.2% year-over-year in May, the highest level in three years, according to government data released Wednesday. The print dashed expecta
Bitcoin nears historically low valuation levels amid record ETF outflows and weak sentiment, signaling prolonged market weakness. Bitcoin has fallen to its 200-week moving average, a level historically associated with late-stage bear markets. The cryptocurrency remains in
The yen stabilizes near a six-week low as markets weigh potential Japanese forex intervention and rising Middle East tensions. USD/JPY trades flat at 160.50 in Asian hours after hitting a six-week high of 160.56 earlier Thursday. The pair’s muted reaction follows speculati
Humacyte issues 47.62M shares at $1.05 per share Humacyte has priced its underwritten public offering of common stock. The company is selling 47.62M shares at $1.05 per share. The gross proceeds from the offering are expected to be approximately $50M, befor
Claims forecast to recede to 215K New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. Claims are expected to decrease, moving toward the 4-week moving average of 214.75K. The declin
China sets yuan reference rate above estimates while Georgia adds $100m in gold reserves amid global demand surge. China’s central bank set the USD/CNY reference rate at 6.8150, weaker than the 6.7819 estimate, signaling potential depreciation pressure on the yuan. The mov
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