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Japan Vows Continued FX Intervention at 160 Yen Per Dollar

A former Bank of Japan official signals authorities will defend the 160 yen level amid persistent currency weakness. Japan will maintain foreign exchange interventions to prevent the yen from weakening past 160 per dollar, a former Bank of Japan official indicated. The com

  • mohammad501ps@gmail.com
  • May 7, 2026
  • crypto

Samourai Wallet Co-Founders Sentenced to Prison Over Crypto Charges

Co-founders face multi-year prison terms after conviction linked to $2M legal fees for crypto-related offenses. Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill received prison sentences of five and four years, respectively, for their roles in the cry

  • mohammad501ps@gmail.com
  • May 7, 2026
  • oil

Maersk to Raise Shipping Rates Amid Surging Oil Prices

The world’s second-largest container line will offset higher fuel costs by increasing freight charges for customers. A.P. Moller-Maersk will pass elevated oil prices directly to shippers, its CEO said. The move follows a 15% jump in Brent crude since early June, lifting bu

  • mohammad501ps@gmail.com
  • May 7, 2026
  • oil

Maersk to Hike Shipping Rates Amid Rising Oil Prices

The world’s second-largest container line will raise freight costs to offset surging fuel expenses, signaling broader inflation pressures. A.P. Moller-Maersk will increase shipping rates to counter higher oil prices, its CEO said. The move follows a 15% jump in Brent crude

  • mohammad501ps@gmail.com
  • May 7, 2026
  • crypto

Trump-Backed Bitcoin Miner Posts $82M Q1 Loss, Revenue Below Forecasts

American Bitcoin reports narrower quarterly losses but misses revenue estimates amid mining expansion efforts. American Bitcoin, linked to Donald Trump’s family, reported an $82 million loss for the first quarter, missing analyst revenue expectations. The company narrowed

  • mohammad501ps@gmail.com
  • May 7, 2026
  • politics

French Trade Deficit Widened in March as Energy Imports Start to Push Up

Given the fallout from the Middle East conflict, this isn't surprising. We've seen a similar episode before during the Russia-Ukraine war, so this will very much follow the same path As energy prices keep higher, expect that to have a more significant toll on the Fr

  • mohammad501ps@gmail.com
  • May 7, 2026
  • forex

GBP: Fiscal Risk and Gilt Flows – BNY Bny’s Geoff Yu Argues That Changing Gilt Ownership Patterns Limit Downside for

GBP: Fiscal risk and gilt flows – BNY BNY’s Geoff Yu argues that changing gilt ownership patterns limit downside for the Pound (GBP) even as United Kingdom (UK) fiscal risks rise. Foreign investors have already reduced exposure, leaving domestic buyers Read More 👈</

  • mohammad501ps@gmail.com
  • May 7, 2026
  • politics

Gold Rebounds Strongly as Hope for the End of the War Returns. What’s Next?

FUNDAMENTAL OVERVIEW Gold rallied strongly yesterday following several positive developments on the US-Iran front. In fact, the bullish momentum got triggered by Trump pausing Project Freedom so that the US could work to finalise a deal with Iran The pause was of co

  • mohammad501ps@gmail.com
  • May 7, 2026
  • forex

UK Fiscal Risks Fail to Weaken GBP as Domestic Buyers Dominate Gilt Market

Domestic investors now hold most UK gilts, reducing foreign exposure and limiting downside pressure on the Pound despite rising fiscal risks. Shifting ownership patterns in the UK gilt market are cushioning the Pound against fiscal risks, analysts said. Foreign investors h

  • mohammad501ps@gmail.com
  • May 7, 2026
  • central_banks

Ecb’s Nagel: the ECB is Likely to Hike Rates Unless the Outlook Improves Markedly

The ECB is likely to hike rates unless the outlook improves markedly This is the exact same thing he said on Monday, so there's nothing to see here. The ECB has already signalled that a rate hike in June is coming unless the war ends and oil prices fall significantly befor

  • mohammad501ps@gmail.com
  • May 7, 2026
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