May’s UK construction PMI dropped below expectations, signaling a sharper contraction in the sector amid weak demand. The UK construction Purchasing Managers’ Index fell to 38.2 in May, below the 40.2 forecast and down from April’s 39.7. The decline reflects worsening cond
Islamabad seeks 1 million tons of LNG as power demand rises, but high spot prices delay contract awards. Pakistan has issued a new tender for 1 million tons of liquefied natural gas to meet surging summer electricity demand. The move marks the fourth spot-market tender in
AUD/USD support at 0.7120 is under scrutiny The AUD/USD pair is experiencing a sharp selloff following weaker Australian Gross Domestic Product (GDP) data. The pair is now hovering just above the 0.7120 support level. Intraday momentum suggests another test
FUNDAMENTAL OVERVIEW The S&P 500 has been printing new record highs every week since the start of April despite the prolonged US-Iran stalemate and the Strait of Hormuz closure. The market can support persistently elevated oil prices as long as the Fed maintains a neutral
Arthur Hayes Sells HYPE and NEAR, Warns Market May Peak Before September BitMEX co-founder Arthur Hayes said he has sold all of his HYPE and NEAR holdings and will explain the move in his upcoming essay "Reality Test" next week. Hayes cited rising energy prices from the Ir
The currency pair declines for a fourth straight session as technical indicators signal consolidation near multi-day lows. NZD/USD fell to near 0.5850 on Thursday, extending losses for a fourth consecutive day. The pair slipped below critical moving averages during Europea
The currency pair extends a four-day losing streak as technical indicators signal persistent downside pressure near multi-week lows. NZD/USD fell to near 0.5850 in European trading Thursday, extending losses for a fourth consecutive session. The pair remains below short- a
XAG/USD trades at $73.16, extending a four-week decline amid Middle East tensions and hawkish Fed expectations. Silver (XAG/USD) remains under pressure, trading at $73.16 and struggling to break above $74.00 as geopolitical risks and a stronger US Dollar curb upside moment
Cardano’s ADA token fell nearly 10 percent following founder Charles Hoskinson’s remarks on ecosystem setbacks and his decision to step back. Cardano’s ADA token fell below $0.20 for the first time in over five years, extending its annual decline to nearly 70 percent. The
Traders avoid aggressive bets on the yen amid speculation of Japanese authorities stepping in near the USD/JPY 160.00 level. The British pound weakens against the Japanese yen, trading near the mid-214.00s and down 0.15% on the day. Selling pressure persists for the second