Australia’s trade balance swung to a surplus, supporting the AUD as the pair climbed 0.08% to 0.7135. The Australian Dollar gained ground against the USD, trading at 0.7135, up 0.08% after Australia’s trade balance returned to surplus. The shift provided modest support ami
April trade data shows a rebound to a A$1,791M surplus, boosting the Australian Dollar amid RBA policy expectations. The Australian Dollar rose modestly after trade data revealed a A$1,791M surplus in April, reversing a revised A$1,024M deficit in March. Exports surged 7.2
BTC recovers to $62,500 after $3 billion in liquidations, but put options at $60,000 exceed $1 billion in open interest. Bitcoin stabilized above $60,000 after plunging to $61,300 and rebounding to $62,500, triggering $3 billion in liquidations over two days. Open interest
Eurozone retail sales fell 0.4% in April, but a weaker USD and geopolitical optimism lift the EUR/USD pair. The Euro climbed to 1.1630 against the US Dollar in European trading, reversing losses despite weaker-than-expected Eurozone retail sales data. A 0.4% decline in Apr
BitMine plans to raise $300M through preferred stock sale BitMine is seeking to raise up to $300 million through the sale of 3 million preferred shares to support ETH purchases and staking. The shares would carry a $100 stated amount and 9.50% annual dividend. Th
Completion of turnaround may ease India’s fuel supply constraints amid reliance on Russian crude imports. Nayara Energy has finished scheduled maintenance at its 400,000-barrel-per-day Vadinar refinery, resuming operations after a planned shutdown. The refinery, which proc
More than half of bitcoin in circulation is at a loss The number of bitcoin in circulation priced at a loss has exceeded the supply in profit, with 10.5 million tokens underwater compared with 9.8 million BTC in profit. The bitcoin price touched its 200-week moving av
April’s decline in Eurozone retail sales signals weaker consumer demand, pressuring EUR and raising growth concerns. Eurozone retail sales dropped 0.4% in April, exceeding the expected 0.3% contraction. The decline follows a revised 0.8% gain in March, which was sharply hi
Markets now price a 75% chance of a 25bps Fed rate increase to 3.75-4.00% by year-end, bolstering the Dollar. The US Dollar strengthened as markets priced in a 75% probability of a 25bps Federal Reserve rate hike to 3.75-4.00% by year-end. Labor market stability and rising
USD/CAD pares losses near 1.3900 after Israel-Lebanon ceasefire progress eases geopolitical risks, though Fed hike bets cap gains. The Canadian Dollar trimmed losses against the US Dollar on Thursday, rebounding from an eight-week low as optimism over Middle East peace tal